Smart greenhouse is a farming technique, which helpss user to monitor and control the growth condition of the plant and to optimize the growing process of the plants. In addition, the major goal of smart greenhouse is to implement a system which will allow user to remotely monitor all conditions required for the growth of the crops. Smart greenhouse provides different benefits such as maintaining a micro-climate environment for the crops, optimizing the yielding process, and minimizing manual intervention. In addition, it provides farmers with data on external environment and type of soil, which reduces the risk of pests and avoids disease outbreak. Furthermore, an increase in need for organic food across the globe has replaced traditional farming with adoption of smart greenhouse.
Increase in popularity of organic food across the globe and an increase adoption of IoT and artificial intelligence by farmers and agriculturists drive the growth of the market. In addition, ease of crop monitoring and harvesting fuel the growth of the market. However, high investment costs owing to deployment of expensive systems in smart greenhouses hamper the growth of the market. Furthermore, rise in adoption of vertical farming technology and an increase in public-private partnership in the agriculture sector is expected to provide lucrative opportunity for the market growth.
The smart greenhouse market is segmented into type, component, end user, and region. By type, it is bifurcated into hydroponic and non-hydroponic. By component, it is divided into HVAC Systems, LED grow lights, irrigation system, valves & pumps, sensor & control system, and others.
By End User, it is classified into commercial growers, research & educational institutes, retail gardens, and others. By Region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the global smart greenhouse market analysis include Argus Controls, Certhon, Cultivar, Greentech Agro LLC, Heliospectra AB, Hort Americas, Lumigrow, Inc., Netafim, Rough Brothers and Sensaphone. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders:
KEY MARKET SEGMENTS:
BY Type
BY Component
By End User
By Region
Key Market Players:
Increase in popularity of organic food across the globe and an increase adoption of IoT and artificial intelligence by farmers and agriculturists drive the growth of the market. In addition, ease of crop monitoring and harvesting fuel the growth of the market. However, high investment costs owing to deployment of expensive systems in smart greenhouses hamper the growth of the market. Furthermore, rise in adoption of vertical farming technology and an increase in public-private partnership in the agriculture sector is expected to provide lucrative opportunity for the market growth.
The smart greenhouse market is segmented into type, component, end user, and region. By type, it is bifurcated into hydroponic and non-hydroponic. By component, it is divided into HVAC Systems, LED grow lights, irrigation system, valves & pumps, sensor & control system, and others.
By End User, it is classified into commercial growers, research & educational institutes, retail gardens, and others. By Region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players profiled in the global smart greenhouse market analysis include Argus Controls, Certhon, Cultivar, Greentech Agro LLC, Heliospectra AB, Hort Americas, Lumigrow, Inc., Netafim, Rough Brothers and Sensaphone. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders:
- The study provides an in-depth analysis of the global smart greenhouse market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global smart greenhouse market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market for the period 2020–2027 is provided to determine the market potential.
KEY MARKET SEGMENTS:
BY Type
- Hydroponic
- Non-hydroponic
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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Netherlands
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Argus Controls
- Certhon
- Cultivar
- Greentech Agro LLC
- Heliospectra AB
- Hort Americas
- Lumigrow, Inc.
- Netafim
- Rough Brothers
- Sensaphone
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Smart Greenhouse Market, by Type
Chapter 5: Global Smart Greenhouse Market, by Component
Chapter 6: Global Smart Greenhouse Market, by End-user
Chapter 7: Global Smart Greenhouse Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Smart Greenhouse Market By Type, Component, and End User: Opportunity Analysis and Industry Forecast, 2020-2027', the global smart greenhouse market size was valued at $1.37 billion in 2019 and is projected to reach $3.23 billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027.Smart greenhouse is the revolution of agriculture in which self-regulating platform is made for monitoring and controlling the growth condition of the plants and to automate their growing process. It helps farmers and agriculture firms to control infection in the crops and provide different agrochemical treatment for increasing the fertility of the soil. Furthermore, rise in popularity of organic food across the globe and surge in adoption of IoT and artificial intelligence by farmers and agriculturists drive the growth of the market.
In addition, ease of crop monitoring and harvesting fuels the growth of the market. However, high investment costs owing to deployment of expensive systems in smart greenhouses hamper the growth of the market. Furthermore, rise in adoption of vertical farming technology and increase in public-private partnership in the agriculture sector are expected to provide lucrative opportunities for market growth.
By end user, the global smart greenhouse market growth was led by the research & educational institutes segment in 2019 and is projected to maintain its dominance during the forecast period. Smart greenhouse organizations are providing various small & medium size greenhouses to the research & educational institutes for public or private research, which boost the growth of the market in this segment. However, the commercial grower’s segment is expected to grow at the highest rate during the forecast period, owing to the need to maintain a better environment for the crops and provide an efficient temperature to protect the plants is expected to increase the adoption of smart greenhouse in this segment.
Region wise, the smart greenhouse market trends was dominated by Europe in 2019 and is expected to retain its position during the forecast period. The major factors that drive the growth of the market in this region include rise in adoption of smart farming by various farmers and surge in adoption of greenhouse to provide organic food to the customers. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period owing to various government initiatives in emerging countries to increase smart greenhouse projects and emerging economies such as India, China, and Japan.
Key Findings of the Study:
By end user, the research & educational institutes segment accounted for the highest smart greenhouse market share in 2019.
Region wise, Europe generated the highest revenue in 2019.
Depending on type, the non-hydroponic segment is anticipated to exhibit substantial growth during the forecast period.
The key players profiled in the global smart greenhouse market analysis include Argus Controls, Certhon, Cultivar, Greentech Agro LLC, Heliospectra AB, Hort Americas, Lumigrow, Inc., Netafim, Rough Brothers and Sensaphone.. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Argus Controls
- Certhon
- Cultivar
- Greentech Agro LLC
- Heliospectra AB
- Hort Americas
- Lumigrow Inc.
- Netafim
- Rough Brothers and Sensaphone.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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