Smart Greenhouse Market Size is Estimated to grow 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 are regulated and closely watched surroundings. A smart greenhouse is a more advanced type of greenhouse in which human interaction is eliminated. Microprocessors and sensors are used to regulate the irrigation system and temperature.

Furthermore, smart greenhouses offer a framework that lets the grower remotely monitor every aspect necessary for the crops' proper growth. Moreover, it minimizes manual involvement, optimizes yields, maintains a microclimate environment for the crops, and gives farmers vital information about the external soil environment.

 

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GROWTH DRIVERS

The main factors propelling the growth of the global smart greenhouse market are the increasing demand for food and the growing need for smart cultivation due to the widening gap between supply and demand for food caused by the growing global population, the increasing number of government initiatives to encourage the adoption of smart agricultural practices, and the increasing advancement in technology that is replacing traditional agricultural techniques with automated urban farming methods like smart greenhouses to have more efficient cultivation practices.

Additionally, the growing demand for innovative farming methods to meet consumer demands for energy efficiency is anticipated to fuel the growth of the global smart greenhouse market during the forecast period. These factors include the rising popularity of organic food and rooftop cultivation around the world, the spread of indoor farming practices and vertical farming technology in urban areas worldwide, the rise of public-private partnerships in the agriculture sector, and the growing adoption of artificial intelligence (AI) and the Internet of Things (IoT) by farmers and agriculturists.

However, over the projected period, the market's expansion may be somewhat hampered by the high investment costs connected with the deployment of pricey technologies in smart greenhouses and the general lack of awareness regarding these greenhouses, particularly in underdeveloped and developing regions.

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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