Smart Greenhouse Market, Smart Greenhouse Market Size, Smart Greenhouse Market Trends, Smart Greenhouse Market Forecast, Smart Greenhouse Market Risks, Smart Greenhouse Market Report, Smart Greenhouse Market Share

Smart Greenhouse Market

 

The global smart greenhouse market size was estimated at around USD 1.4 billion in 2021 and is expected to grow at a CAGR of 10.4% from 2022 to 2030.

 

Greenhouse is a setup which involves the cultivation of crops under controlled and monitored environments. Smart greenhouse is an extended version of greenhouse the concept of which eradicates the intervention of humans. It involves the use of microprocessors &sensors to control temperature and irrigation system.

 

The main objective of setting up a smart greenhouse is to improve the overall productivity of the farmers and to enhance the quality of their production. In addition to that, smart greenhouses provide a framework which enables the producer to remotely monitor all the required conditions for the healthy growth of the crops. Its benefits also include maintenance of a micro-climate environment for the crops, optimization of the yielding process, minimizing manual intervention and providing farmers with essential data on the external environment of soil.

 

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GROWTH DRIVERS

The augmenting demand for food coupled with the burgeoning requirement for smart cultivation because of the growing demand–supply gap for food due to the rising global population, the escalating number of government initiatives to boost the adoption of smart agricultural practices and the increasing advancement in technology leading to the replacement of traditional agriculture techniques with automated urban farming methods like that of smart greenhouses to have more efficient cultivation practices are the primary factors driving the growth of the global smart greenhouse market.

 

Moreover, the growing number of initiatives, research and development activities and funding by governments across the globe focused on promoting the adoption of smart agricultural practices including smart greenhouses coupled with the raising awareness among consumers regarding the advantages of adopting smart greenhouse is expected to boost the growth of the overall market during the forecast period.

 

Furthermore, the surging popularity of organic food and rooftop cultivation across the globe, the proliferating adoption of vertical farming technology and indoor farming practices in urban areas around the globe, the rising public-private partnership in the agriculture sector, the increasing adoption of Internet of Things (IoT) and artificial intelligence (AI) by farmers and agriculturists and the soaring need for creative farming techniques to cater to the demand for energy efficiency from consumers are further expected to create ample growth opportunities for the global smart greenhouse market during the forecast period.

 

However, the high investment costs associated with the deployment of expensive systems in smart greenhouses and the lack of awareness regarding smart greenhouses especially in the under-developed and developing regions may hinder the growth of the market up to some extent during the forecast period.

 

SMART GREENHOUSEMARKET SEGMENTATION

By Farming

  • Hydroponics
  • Non-hydroponics

 

By Type

  • Glass Greenhouse
  • Polyethylene
  • Polycarbonate
  • Others

 

By Offering

  • Hardware
  • Software & Services

 

By Component

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

 

By Crop Type

  • Fruits
  • Vegetables
  • Flowers & Ornamental Plants
  • Nursery Crops
  • Others

 

By End User

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

 

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

According to end user, the commercial growers segment accounted for the largest share in the global smart greenhouse market in 2021 and is projected to further retain its dominance in the market during the forecast period of 2022-2030. The growth of the segment can be attributed to the increasing number of companies extending smart greenhouses to research & educational institutes for carrying out research activities related to various t flowers, fruits, and vegetables.

 

According to type, the non-hydroponics segment held the largest share in the global smart greenhouse market in 2021 and the trend is anticipated to continue over the forecast period. This can be majorly attributed to the less cost, environmentally friendly and easy availability of non-hydroponic greenhouses. On the other hand, the hydroponics segment is expected to witness the fastest growth in the market during the forecast period owing to the rising popularity of hydroponics greenhouses due to the multiple benefits of less space consumption and capability to produce nutritious food by them.

 

According to technology, the LED grow lights segment is expected to attain the highest CAGR in the market during the forecast period. The growth of the segment can be attributed to the surging need for lifelong and energy-efficient lighting technology across the industry. The HVAC systems segment is predicted to experience growth at a more than healthy CAGR during the forecast period.

 

REGIONAL OUTLOOK

The European region held the most dominant position in the global smart greenhouse market in 2021 and is expected to continue doing the same during the forecast period. The major factors driving the growth of the market in this region include the rapidly growing population intensifying the need for enhanced crop production in the region, the proliferating demand for organic food ,surge in organic farmland and the escalating adoption of smart greenhouse technologies by farmers and consumers in the region. The Netherlands, Germany, France, Italy and Spain are among the major contributors to the growth of this region.

 

The Asia-Pacific region is projected to be the fastest growing regional market for smart greenhouses during the forecast period. The growth of the market in this region can be attributed to the large and continuously rising population base creating demand for increased food production, the soaring adoption of advanced technologies such as smart greenhouses, the increasing launch of advanced growing techniques, the increasing government support in the emerging economies and the rising presence of smart greenhouse manufacturers in the region. Moreover, the rapid pace of urbanization in the region is also anticipated to boost the development and adoption of smart greenhouse technology in the region in the forthcoming years. India, China, and Japan are among the major contributors to the growth of this region.

 

KEY COMPANIES IN SMART GREENHOUSE MARKET

  • Certhon
  • Rough Brothers Inc.
  • GreenTechAgro LLC
  • Netafim
  • Sensaphone
  • Cultivar Ltd.
  • Heliospectra AB
  • Nexus Corporation
  • Argus Control Systems Limited
  • Lumigrow Inc.
  • Ceres Greenhouse Solutions
  • Logiqs B.V.
  • JFE Engineering Corporation
  • Terrasphere Systems LLC
  • Hort Americas
  • Other Players

 

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