The smart greenhouse market will reach at an estimated value of USD 3.31 billion and grow at a CAGR of 10.3% in the forecast period of 2021 to 2028. Increasing adoption of IoT and AI by farmers and agriculturists is an essential factor driving the smart greenhouse market.

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Smart Greenhouse Market Analysis and Insights

The smart greenhouse market will reach at an estimated value of USD 3.31 billion and grow at a CAGR of 10.3% in the forecast period of 2021 to 2028. Increasing adoption of IoT and AI by farmers and agriculturists is an essential factor driving the smart greenhouse market.

Smart greenhouse is defined as a self-regulating and self-monitoring, micro-climatically controlled environment for ideal plant growth. Therefore, even slight variations in these conditions helps in generating automated actions which evaluate change and take corrective action and also, helps in maintaining ideal conditions for plant growth.

Growing demand for food owing to continuously increasing global population is a crucial factor accelerating the market growth, also increasing number of government initiatives to promote adoption of smart agricultural practices, rising adoption of indoor farming in urban areas, increased reliability in the smart greenhouse, rising energy demand from the emerging economies, rising ever-growing population, increasing trend of indoor farming, increasing government initiatives and incentives relating to smart greenhouse lighting technology are the major factors among others boosting the smart greenhouse market. Moreover, increasing technological advancements and increasing modernization in the production techniques, rising research and development activities, increasing adoption of vertical farming technology all over the globe and rising emerging trend of rooftop farming in urban areas will further create new opportunities for smart greenhouse market in the forecast period mentioned above.

Smart Greenhouse Market Scope and Market Size

Smart greenhouse market is segmented on the basis of type, component and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

·       Based on type, the smart greenhouse market is segmented into hydroponic and non-hydroponic technology.

·       On the basis of component, smart greenhouse market is segmented into product segment analysis, lighting system, irrigation system, communication system, control system, HVAC system, pumps, material handling services, climate control services and others.

·       The smart greenhouse market is also segmented on the basis of end-user into commercial growers, research & educational institutes, retail gardens and others

Competitive Landscape and Smart Greenhouse Market Share Analysis

Smart greenhouse market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart greenhouse market.

Key Players

The major players covered in smart greenhouse market report are Cultivar Ltd, Certhon, Argus Control Systems Limited, LumiGrow, Heliospectra AB, Hort Americas, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, LOGIQS B.V., Nexus Corporation LTD, International Greenhouse Company, KUBO Full service grow concepts and Agrowtek Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: Smart Greenhouse Market

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