Smart Greenhouse Market Size, Share, Growth Report 2030

Smart Greenhouse Market

Smart Greenhouse Market By Type (Hydroponic and Non-Hydroponic), By Covering Material Type (Polyethylene, Polycarbonate, and Others), By Component (HVAC Systems, LED Grow Lights, Irrigation System, Valves & Pumps, Sensor & Control System, and Others), By End User (Commercial Growers, Research & Educational Institutes, Retail Gardens, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Energy & Mining Report Format : PDF Pages: 130 Report Code: ZMR-786 Published Date: Apr-2021 Status : Published

The global smart greenhouse market accounted for USD 1.05 Billion in 2020 and is expected to reach USD 2.25 Billion by 2028, growing at a CAGR of 10.9% from 2021 to 2028.

Smart Greenhouse Market: Overview

The Global Smart Greenhouse Market accounted for USD 1.05 Billion in 2020 and is expected to reach USD 2.25 Billion by 2028, growing at a CAGR of 10.9% from 2021 to 2028.

The smart greenhouse is creating a self-regulating, micro-climate appropriate for plant growth through the use of actuators, sensors, and monitoring and control systems that automate the growing process and optimize growth conditions. The main objective of the smart greenhouses is to enhance farming outcomes and improve the productivity of the farmers.

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COVID-19 Impact Analysis

The COVID-19 pandemic has impacted many end-use sectors, as most companies’ operations are temporarily on hold across major processing and manufacturing units. Prior to this pandemic, industries were competitive, which led to adopting different technologies to a larger extent. The agriculture technology sector was also prospering with the adoption of new and improvised techniques, such as big data analytics and IoT. However, with this pandemic, several sectors have kept their products and projects on hold, which has adversely impacted businesses associated with technology. Furthermore, the financial impact on farmers has resulted in a reduction in non-essential investments and spending.

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Smart Greenhouse Market: Growth Factors

Since the global population is rising at a substantial rate, food production worldwide needs to be doubled. Therefore, farmers are probable to witness immense pressure for rising in their crop production either by adopting developing techniques such as vertical farming smart greenhouses or by making the land arable to grow crops. The scarcity of cultivable land in urban areas led farmers to adopt new and improvised solutions.

Furthermore, the emerging trend of industrial improvements and rooftop cultivation is foreseen to strengthen the development of the market in the future. The increase in vertical cultivation in urban areas and the emerging awareness among buyers with respect to the benefits of improving smart greenhouses are estimated to drive the market's development.

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Type Size Segment Analysis Preview

Hydroponics held a share of over 60% in 2020. Hydroponics is a method in which rather than growing in soil plants are grown in a nutrient solution. This technique uses specially planned benches with troughs to enable the suspension of plants in water. Smart greenhouses based on hydroponics use pebbles, sand, or sawdust since they contain a substantial water-holding capacity. The roots grew within secure plants in containers. Hydroponics-based greenhouses enable agricultural practices without soil to decrease the consumption of natural resources, thereby popularizing this farming technique to be adopted by a significant number of stakeholders, ranging from professional growers, supermarkets, and home gardeners to restaurants.

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End-User Segment Analysis Preview

Research & educational institutes segment is projected to grow at a CAGR of around 11% from 2021 to 2028. Market Players are catering smart greenhouses to these institutes for private-public research. They are catering to fully functional greenhouse facilities by accommodating different plant research equipment and plant systems in their plans for the optimum performance of the research facilities. Research greenhouses can be large or small, depending on the need for research activities to be carried out. The main end users of smart greenhouses are Research & educational institutes as they carry out research activities related to different fruits, flowers, and vegetables, as well as it provides hands-on experience to the concerned in schools and campuses.

Smart Greenhouse Market: Regional Analysis Preview

Europe accounted for a share of over 25% in 2020. The strong development of this region can be attributed to the expanding allocation of smart greenhouse technology innovation over the recent period of time. Furthermore, an important commitment from Spain, Netherlands, and Italy is anticipated to back up the development of the smart greenhouse sector in Europe.

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Asia Pacific is projected to grow at a CAGR of over 12% during the forecast period. The speedy pace of urbanization in the region is one of the crucial elements estimated to stimulate the evolution of the smart greenhouse market in the coming years.

Smart Greenhouse Market: Key Players & Competitive Landscape

Some of the key players in the smart greenhouse market are Heliospectra AB, Argus Control Systems Ltd., Rough Brothers, Inc., Terrasphere Systems, LLC, LumiGrow Inc., JFE Engineering Corporation, Ceres Greenhouse Solutions, Hort Americas, Logiqs B.V., Certhon, Nexus Corporation, and GreenTech Agro LLC, among others. Key players are focusing on strategies such as new product development, investment in R&D, and innovation to grow their market share.

The global smart greenhouse market is segmented as follows:

By Type

By Covering Material Type

By Component

By End-User

  • Commercial Growers
  • Research & Educational Institutes
  • Retail Gardens
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

 

Table Of Content

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FrequentlyAsked Questions

The global smart greenhouse market was valued at USD 1.05 Billion in 2020.

The global smart greenhouse market is expected to reach USD 2.25 Billion by 2028, growing at a CAGR of 10.9% between 2021 to 2028.

Some of the key factor driving the global smart greenhouse market growth is increasing population.

Europe region held a substantial share of the smart greenhouse market in 2020. Asia Pacific region is projected to grow at a significant rate.

Some of key players in smart greenhouse market are Heliospectra AB, Argus Control Systems Ltd., Rough Brothers, Inc., Terrasphere Systems, LLC, LumiGrow Inc., JFE Engineering Corporation, Ceres Greenhouse Solutions, Hort Americas, Logiqs B.V., Certhon, Nexus Corporation, and GreenTech Agro LLC, among others.

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