Smart Greenhouse Market Size is anticipated to reach at a CAGR of 10% during the forecast period

 

The global smart greenhouse market size was estimated at around 1.4 billion in 2021 and is expected to grow at a CAGR of over 10% from 2022 to 2030. 

Crops are grown in greenhouses, which include carefully controlled and supervised settings. A smart greenhouse is a more advanced type of greenhouse whose design eliminates human interaction. It uses microprocessors and sensors to regulate the irrigation system and temperature. The major goal of establishing a smart greenhouse is to increase the farmers' overall productivity and the calibre of their output.

 

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Additionally, smart greenhouses offer a framework that enables the grower to remotely monitor all the parameters necessary for the crops' proper growth. Additionally, it improves yields, minimises manual labour, and gives farmers crucial information about the soil's external environment. It also maintains a microclimate environment for the crops.

GROWTH DRIVERS

The growing gap between the supply and demand for food caused by the expanding global population, the rising number of government initiatives to promote the use of smart agricultural practises, and the rapid advancement of technology are all contributing to the replacement of traditional agriculture practises with automated urban farming techniques like that of smart greenhouses to have more efficient

Additionally, during the forecast period, the adoption of smart agricultural practises, including smart greenhouses, is expected to be promoted by an increasing number of initiatives, research and development activities, and funding from governments around the world. This awareness-raising of consumers about the benefits of adopting smart greenhouses is also anticipated to support the growth of the overall market.

In addition, the increasing use of indoor farming techniques and vertical farming technology in urban areas around the world, the proliferation of public-private partnerships in the agriculture sector, the growing adoption of the Internet of Things (IoT) and artificial intelligence (AI) by farmers and agriculturists, and the escalating need for innovative farming methods to meet the demand for e-commerce are all factors.

 

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SMART GREENHOUSE MARKET SEGMENTATION

By Type

·   Hydroponics

·   Non-hydroponics

 

By Covering Material Type

·         Polyethylene

·         Polycarbonate

·         Others

 

By Offering

·         Hardware

·         Software & Services

 

By Component

·         HVAC Systems

·         LED Grow Lights

·         Control Systems & Sensors

·         Irrigation System

·         Valves & Pumps

·         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

 

KEY COMPANIES IN SMART GREENHOUSE MARKET

·         Certhon

·         Rough Brothers Inc. 

·         GreenTech Agro 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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