Smart Greenhouse Market Size, Share, Analysis, Trends, Growth, 2032

Smart Greenhouse Market Insights

According to Zion Market Research, the global Smart Greenhouse Market was worth USD 1.83 Billion in 2023. The market is forecast to reach USD 4.13 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.46% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Smart Greenhouse Market industry over the next decade.

Request Free Sample

Smart Greenhouse Market: Overview

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.

Smart Greenhouse Market:  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.

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.

Request Free Sample

Smart Greenhouse Market: 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 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.

Request Free Sample

End-User Segment Analysis Preview

Research & educational institutes segment is projected to grow at a CAGR of around 11% from 2024 to 2032. 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 2023. 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.

Request Free Sample

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: 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
• 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

• 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 The Middle East & Africa