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

Description

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.

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 smart greenhouse is to enhance farming outcomes and improve productivity of the farmers.

COVID-19 Impact Analysis

COVID-19 pandemic has impacted many end-use sectors, as most company’s operations are temporarily on hold across major processing and manufacturing units. Prior to this pandemic, industries were competitive, which led to adopt 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 production and projects on hold, which has adversely impacted businesses associated with technology. Furthermore, the financial impact on farmers has resulted in a reduction of non-essential investments and spending.

Growth Factors

Since, global population is rising at a substantial rate, food production worldwide needs to be doubled. Therefore, farmers are probable to witness an immense pressure for rising 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 are foreseen to strengthen the development of the market in future. The increase in vertical cultivation in urban areas and the emerging awareness among buyers with respect to the benefits of improving smart greenhouse are estimated to drive the market's development.

Report Scope :

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 grown 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, home gardeners to restaurants.

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 fully functional greenhouse facilities by accommodating different plant research equipment plant systems in their plans for the optimum performance of the research facilities. Research greenhouses can be large or small, depending on the need of 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.

Regional Analysis Preview

Europe accounted for a share of over 25% in 2020. 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 smart greenhouse sector in Europe.

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 smart greenhouse market in the coming years.

Key Market Players & Competitive Landscape

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. Key players are focusing on strategies such as new product development, investment in R&D, innovation to grow their market share.

The global smart greenhouse market is segmented as follows:

By Type

• Hydroponic
• Non-Hydroponic

By Covering Material Type

• Polyethylene
• Polycarbonate
• Others

By Component

• HVAC Systems
• LED Grow Lights
• Irrigation System
• Valves & Pumps
• Sensor & Control System
• Others

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 Middle East & Africa

Table Of Content

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Type
      • 2.1.1.2. Market Attractiveness Analysis, By Covering Material Type
      • 2.1.1.3. Market Attractiveness Analysis, By Component
      • 2.1.1.4. Market Attractiveness Analysis, By End User
      • 2.1.1.5. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Smart Greenhouse Market, 2016 – 2028 (USD Million)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 Smart Greenhouse Market – Type Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
  • 4.2. Hydroponic
    • 4.2.1. Market Size and Forecast, By Region (USD Million)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Non-Hydroponic
    • 4.3.1. Market Size and Forecast, By Region (USD Million)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Smart Greenhouse Market – Covering Material Type Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Covering Material Type, 2020 & 2028
  • 5.2. Pulyethylene
    • 5.2.1. Market Size and Forecast, By Region (USD Million)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Pulycarbonate
    • 5.3.1. Market Size and Forecast, By Region (USD Million)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Others
    • 5.4.1. Market Size and Forecast, By Region (USD Million)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 6 Smart Greenhouse Market – Component Segment Analysis
  • 6.1. Overview
    • 6.1.1. Market Revenue Share, By Component, 2020 & 2028
  • 6.2. HVAC Systems
    • 6.2.1. Market Size and Forecast, By Region (USD Million)
    • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.3. LED Grow Lights
    • 6.3.1. Market Size and Forecast, By Region (USD Million)
    • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.4. Irrigation System
    • 6.4.1. Market Size and Forecast, By Region (USD Million)
    • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.5. Valves & Pumps
    • 6.5.1. Market Size and Forecast, By Region (USD Million)
    • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.6. Sensor & Contrul System
    • 6.6.1. Market Size and Forecast, By Region (USD Million)
    • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
  • 6.7. Others
    • 6.7.1. Market Size and Forecast, By Region (USD Million)
    • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 7 Smart Greenhouse Market – End User Segment Analysis
  • 7.1. Overview
    • 7.1.1. Market Revenue Share, By End User, 2020 & 2028
  • 7.2. Commercial Growers
    • 7.2.1. Market Size and Forecast, By Region (USD Million)
    • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 7.3. Research & Educational Institutes
    • 7.3.1. Market Size and Forecast, By Region (USD Million)
    • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 7.4. Retail Gardens
    • 7.4.1. Market Size and Forecast, By Region (USD Million)
    • 7.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 7.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 7.5. Others
    • 7.5.1. Market Size and Forecast, By Region (USD Million)
    • 7.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 7.5.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 8 Smart Greenhouse Market – Regional Analysis
  • 8.1. Overview
    • 8.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 8.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
  • 8.2. North America
    • 8.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 8.2.2. North America Market Revenue, By Type, 2016 – 2028
    • 8.2.3. North America Market Revenue, By Covering Material Type, 2016 – 2028
    • 8.2.4. North America Market Revenue, By Component, 2016 – 2028
    • 8.2.5. North America Market Revenue, By End User, 2016 – 2028
    • 8.2.6. U.S.
      • 8.2.6.1. U.S. Market Revenue, By Type, 2016 – 2028
      • 8.2.6.2. U.S. Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.2.6.3. U.S. Market Revenue, By Component, 2016 – 2028
      • 8.2.6.4. U.S. Market Revenue, By End User, 2016 – 2028
    • 8.2.7. Canada
      • 8.2.7.1. Canada Market Revenue, By Type, 2016 – 2028
      • 8.2.7.2. Canada Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.2.7.3. Canada Market Revenue, By Component, 2016 – 2028
      • 8.2.7.4. Canada Market Revenue, By End User, 2016 – 2028
    • 8.2.8. Mexico
      • 8.2.8.1. Mexico Market Revenue, By Type, 2016 – 2028
      • 8.2.8.2. Mexico Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.2.8.3. Mexico Market Revenue, By Component, 2016 – 2028
      • 8.2.8.4. Mexico Market Revenue, By End User, 2016 – 2028
  • 8.3. Europe
    • 8.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 8.3.2. Europe Market Revenue, By Type, 2016 – 2028
    • 8.3.3. Europe Market Revenue, By Covering Material Type, 2016 – 2028
    • 8.3.4. Europe Market Revenue, By Component, 2016 – 2028
    • 8.3.5. Europe Market Revenue, By End User, 2016 – 2028
    • 8.3.6. Germany
      • 8.3.6.1. Germany Market Revenue, By Type, 2016 – 2028
      • 8.3.6.2. Germany Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.3.6.3. Germany Market Revenue, By Component, 2016 – 2028
      • 8.3.6.4. Germany Market Revenue, By End User, 2016 – 2028
    • 8.3.7. France
      • 8.3.7.1. France Market Revenue, By Type, 2016 – 2028
      • 8.3.7.2. France Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.3.7.3. France Market Revenue, By Component, 2016 – 2028
      • 8.3.7.4. France Market Revenue, By End User, 2016 – 2028
    • 8.3.8. U.K.
      • 8.3.8.1. U.K. Market Revenue, By Type, 2016 – 2028
      • 8.3.8.2. U.K. Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.3.8.3. U.K. Market Revenue, By Component, 2016 – 2028
      • 8.3.8.4. U.K. Market Revenue, By End User, 2016 – 2028
    • 8.3.9. Italy
      • 8.3.9.1. Italy Market Revenue, By Type, 2016 – 2028
      • 8.3.9.2. taly Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.3.9.3. Italy Market Revenue, By Component, 2016 – 2028
      • 8.3.9.4. Italy Market Revenue, By End User, 2016 – 2028
    • 8.3.10. Spain
      • 8.3.10.1. Spain Market Revenue, By Type, 2016 – 2028
      • 8.3.10.2. Spain Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.3.10.3. Spain Market Revenue, By Component, 2016 – 2028
      • 8.3.10.4. Spain Market Revenue, By End User, 2016 – 2028
    • 8.3.11. Rest of Europe
      • 8.3.11.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
      • 8.3.11.2. Rest of Europe Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.3.11.3. Rest of Europe Market Revenue, By Component, 2016 – 2028
      • 8.3.11.4. Rest of Europe Market Revenue, By End User, 2016 – 2028
  • 8.4. Asia Pacific
    • 8.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 8.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
    • 8.4.3. Asia Pacific Market Revenue, By Covering Material Type, 2016 – 2028
    • 8.4.4. Asia Pacific Market Revenue, By Component, 2016 – 2028
    • 8.4.5. Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 8.4.6. China
      • 8.4.6.1. China Market Revenue, By Type, 2016 – 2028
      • 8.4.6.2. China Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.4.6.3. China Market Revenue, By Component, 2016 – 2028
      • 8.4.6.4. China Market Revenue, By End User, 2016 – 2028
    • 8.4.7. Japan
      • 8.4.7.1. Japan Market Revenue, By Type, 2016 – 2028
      • 8.4.7.2. Japan Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.4.7.3. Japan Market Revenue, By Component, 2016 – 2028
      • 8.4.7.4. Japan Market Revenue, By End User, 2016 – 2028
    • 8.4.8. India
      • 8.4.8.1. India Market Revenue, By Type, 2016 – 2028
      • 8.4.8.2. India Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.4.8.3. India Market Revenue, By Component, 2016 – 2028
      • 8.4.8.4. India Market Revenue, By End User, 2016 – 2028
    • 8.4.9. South Korea
      • 8.4.9.1. South Korea Market Revenue, By Type, 2016 – 2028
      • 8.4.9.2. South Korea Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.4.9.3. South Korea Market Revenue, By Component, 2016 – 2028
      • 8.4.9.4. South Korea Market Revenue, By End User, 2016 – 2028
    • 8.4.10. South-East Asia
      • 8.4.10.1. South-East Asia Market Revenue, By Type, 2016 – 2028
      • 8.4.10.2. South-East Asia Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.4.10.3. South-East Asia Market Revenue, By Component, 2016 – 2028
      • 8.4.10.4. South-East Asia Market Revenue, By End User, 2016 – 2028
    • 8.4.11. Rest of Asia Pacific
      • 8.4.11.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 8.4.11.2. Rest of Asia Pacific Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.4.11.3. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 8.4.11.4. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
  • 8.5. Latin America
    • 8.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 8.5.2. Latin America Market Revenue, By Type, 2016 – 2028
    • 8.5.3. Latin America Market Revenue, By Covering Material Type, 2016 – 2028
    • 8.5.4. Latin America Market Revenue, By Component, 2016 – 2028
    • 8.5.5. Latin America Market Revenue, By End User, 2016 – 2028
    • 8.5.6. Brazil
      • 8.5.6.1. Brazil Market Revenue, By Type, 2016 – 2028
      • 8.5.6.2. Brazil Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.5.6.3. Brazil Market Revenue, By Component, 2016 – 2028
      • 8.5.6.4. Brazil Market Revenue, By End User, 2016 – 2028
    • 8.5.7. Argentina
      • 8.5.7.1. Argentina Market Revenue, By Type, 2016 – 2028
      • 8.5.7.2. Argentina Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.5.7.3. Argentina Market Revenue, By Component, 2016 – 2028
      • 8.5.7.4. Argentina Market Revenue, By End User, 2016 – 2028
    • 8.5.8. Rest of Latin America
      • 8.5.8.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
      • 8.5.8.2. Rest of Latin America Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.5.8.3. Rest of Latin America Market Revenue, By Component, 2016 – 2028
    • 8.5.8.4 Rest of Latin America Market Revenue, By End User, 2016 – 2028
  • 8.6. The Middle-East and Africa
    • 8.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
    • 8.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
    • 8.6.3. The Middle-East and Africa Market Revenue, By Covering Material Type, 2016 – 2028
    • 8.6.4. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
    • 8.6.5. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
    • 8.6.6. GCC Countries
      • 8.6.6.1. GCC Countries Market Revenue, By Type, 2016 – 2028
      • 8.6.6.2. GCC Countries Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.6.6.3. GCC Countries Market Revenue, By Component, 2016 – 2028
      • 8.6.6.4. GCC Countries Market Revenue, By End User, 2016 – 2028
    • 8.6.7. South Africa
      • 8.6.7.1. South Africa Market Revenue, By Type, 2016 – 2028
      • 8.6.7.2. South Africa Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.6.7.3. South Africa Market Revenue, By Component, 2016 – 2028
      • 8.6.7.4. South Africa Market Revenue, By End User, 2016 – 2028
    • 8.6.8. Rest of Middle-East Africa
      • 8.6.8.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
      • 8.6.8.2. Rest of Middle-East Africa Market Revenue, By Covering Material Type, 2016 – 2028
      • 8.6.8.3. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
      • 8.6.8.4. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
• Chapter No. 9 Smart Greenhouse Market – Industry Analysis
  • 9.1. Introduction
  • 9.2. Market Drivers
  • 9.3. Market Restraints
  • 9.4. Market Opportunities
  • 9.5. Porter’s Five Forces Analysis
  • 9.6. PEST Analysis
  • 9.7. Regulatory Landscape
  • 9.8. Technulogy Landscape
  • 9.9. Regional Market Trends
    • 9.9.1. North America
    • 9.9.2. Europe
    • 9.9.3. Asia Pacific
    • 9.9.4. Latin America
    • 9.9.5. The Middle-East and Africa
  • 9.10. Pricing Analysis
  • 9.11. Value Chain Analysis
  • 9.12. Downstream Buyers
  • 9.13. Distributors/Traders List
• Chapter No. 10 Competitive Landscape
  • 10.1. Company Market Share Analysis – 2019
    • 10.1.1. Global Smart Greenhouse Market: Company Market Share, 2019
    • 10.1.2. Global Smart Greenhouse Market, Company Market Revenue, 2016 – 2019 (USD Million)
    • 10.1.3. Global Smart Greenhouse Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 10.1.4. Global Smart Greenhouse Market: Radar Determinant Chart, 2019
  • 10.2. Strategic Developments
    • 10.2.1. Acquisitions & Mergers
    • 10.2.2. New Product Launch
    • 10.2.3. Regional Expansion
  • 10.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 11 Company Profiles
  • 11.1. Heliospectra AB
  • 11.2. Rough Brothers, Inc.
  • 11.3. Argus Contrul Systems Ltd.
  • 11.4. Terrasphere Systems, LLC
  • 11.5. Ceres Greenhouse Sulutions
  • 11.6. LumiGrow Inc.
  • 11.7. JFE Engineering Corporation
  • 11.8. Hort Americas
  • 11.9. Logiqs B.V.
  • 11.10. Certhon
  • 11.11. Nexus Corporation
  • 11.12. GreenTech Agro LLC
• Chapter No. 12 Marketing Strategy Analysis
  • 12.1. Marketing Channel
  • 12.2. Direct Marketing
  • 12.3. Indirect Marketing
  • 12.4. Marketing Channel Development Trends
  • 12.5. Economic/Pulitical Environmental Change
• Chapter No. 13 Research Methodulogy
  • 13.1. Research Methodulogy
  • 13.2. Phase I - Secondary Research
  • 13.3. Phase II - Data Modeling
    • 13.3.1. Company Share Analysis Model
    • 13.3.2. Revenue Based Modeling
  • 13.4. Phase III - Primary Research
  • 13.5. Research Limitations
    • 13.5.1. Assumptions

Methodology

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:

• Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening the secondary research findings
• Further, develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

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:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• IDC and other relevant magazines
• Internal and external proprietary databases, and relevant patent and regulatory databases
• National government documents, statistical databases and market reports

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:

• Demographic data: Population split by segments
• Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
• Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
• Data is then cross-checked by an expert panel.

Free Analysis

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.