Global smart greenhouse market is expected to reach USD 1,312.2 million by 2022, growing at a CAGR of 14.12% between 2017 and 2022.
The report gives forecast and analysis for the smart greenhouse market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2017 to 2022 based on revenue (USD Million). The study covers drivers and restraints for the smart greenhouse market all along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the smart greenhouse market on a global level.
In order to give a complete outlook on the smart greenhouse market, we have included the detailed segmentation on the basis of type, technology, and region. To know the competitive landscape in the market, a study of Porter’s Five Forces model for the smart greenhouse market has also been incorporated. The study encompasses a market attractiveness analysis, wherein technology segments, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study gives a prominent view on the smart greenhouse market by segmenting the market based on type, technology, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. On the basis type, the market is segmented into hydroponic and non-hydroponic. HVAC, LED Grow light, communication technology, irrigation system, material handling, valves & pumps, control system, and others are the different technologies covered by smart greenhouse market. The regional segmentation includes the current and forecast demand for North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa with its further bifurcation into major countries including China, Japan, U.S. Germany, France, UK, India, and Brazil. This segmentation includes demand for smart greenhouse technology in all the regions and countries.
The report also includes detailed profiles of end players such as Rough Brothers, Inc., Heliospectra AB, Terrasphere Systems, LLC, Argus Control Systems Ltd., LumiGrow Inc., Ceres Greenhouse Solutions, Hort Americas, JFE Engineering Corporation, Nexus Corporation, Logiqs B.V., Certhon, and GreenTech Agro LLC. The detailed description of players includes parameters such as company overview, financial overview, business and recent developments of the company.
This report segments the global smart greenhouse market as follows:
Global Smart Greenhouse Market: Type Segment Analysis
Global Smart Greenhouse Market: Technology Segment Analysis
Global Smart Greenhouse Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Smart Greenhouse market. Zion Research has collected and analyzed key data belong to the global Smart Greenhouse market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Smart Greenhouse across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Smart Greenhouse industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Smart Greenhouse market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
The smart greenhouse is a glasshouse or a hothouse in which plants are developed under artificial environment. Its construction involves solar radiations and favorable environment for growing plants. It is a major revolution in the agriculture industry and the new trend in farming technique. Rising global population and advancement in technology are replacing traditional agriculture techniques with automated urban farming methods like the smart greenhouse.
Smart greenhouse market is primarily driven by increasing the need for smart farming techniques to fulfill the demand of energy efficiency from customers. In addition, rooftop farming in unbans regions is expected to propel the market growth during the year to come. However, high initial cost of automation may hinder the growth of the market. Moreover, rising need of smart greenhouse with technological development for energy efficiency will help to open up new opportunities for smart greenhouse market.
Based on the type, global smart greenhouse market is segmented into hydroponic and non-hydroponic. In 2016, a non-hydroponic segment dominated the smart greenhouse market and expected to maintain its dominance during coming years.
Based on technology, smart greenhouse market has been segmented into HVAC, LED grow light, communication technology, irrigation system, material handling, valves & pumps, control system, and others. LED grow light segment was leading technology segment of smart greenhouse market and accounted for the largest market share in 2016 as it helps to control temperature. Growing construction activities in emerging economies are expected to drive the smart greenhouse market over the forecast period. Increasing need for lifelong and energy-efficient lighting technology is expected to boost market growth in the forecast period.
Europe accounted for largest share of the smart greenhouse market in 2016. It accounted for significant share of the market due to the high demand of food from Germany, UK, and France. Europe was followed by Asia Pacific. Asia-Pacific is expected to witness the fastest growth in coming years due to the increasing population in the region.
Some of the key participants involved in smart greenhouse market Rough Brothers, Inc., Heliospectra AB, Terrasphere Systems, LLC, Argus Control Systems Ltd., LumiGrow Inc., Ceres Greenhouse Solutions, Hort Americas, JFE Engineering Corporation, Nexus Corporation, Logiqs B.V., Certhon, and GreenTech Agro LLC.
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