The global smart greenhouse market size reached US$ 1.74 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.23 Billion by 2028, exhibiting a growth rate (CAGR) of 9.60% during 2023-2028. The rising consumer preferences for organic food, increasing utilization of vertical farming technology, and supportive government initiatives represent some of the key factors driving the market.
A smart greenhouse is an advanced concept encompassing a traditional greenhouse equipped with cutting-edge sensors and communications systems to continuously monitor, gather, and deliver data on the surroundings and crops. The collected data is fed into a platform where analytical algorithms convert it into actionable insights to uncover potential problems and analyze crop disease and infection risks. It helps optimize plant growth by regulating temperature, heat, humidity, and light automatically, as well as on demand. It provides a self-regulated controlled environment that allows crops to reach the harvesting stage faster while retaining the maximum nutrients. It also controls moisture in the soil to automatically supplement all crops with precise quantities of water. Since it aids farmers in reducing labor work, improving resource and chemical use efficiency, and optimizing yield rates with minimal human and climate interference, the smart greenhouse is rapidly gaining popularity across the globe.
A smart greenhouse is an advanced concept encompassing a traditional greenhouse equipped with cutting-edge sensors and communications systems to continuously monitor, gather, and deliver data on the surroundings and crops. The collected data is fed into a platform where analytical algorithms convert it into actionable insights to uncover potential problems and analyze crop disease and infection risks. It helps optimize plant growth by regulating temperature, heat, humidity, and light automatically, as well as on demand. It provides a self-regulated controlled environment that allows crops to reach the harvesting stage faster while retaining the maximum nutrients. It also controls moisture in the soil to automatically supplement all crops with precise quantities of water. Since it aids farmers in reducing labor work, improving resource and chemical use efficiency, and optimizing yield rates with minimal human and climate interference, the smart greenhouse is rapidly gaining popularity across the globe.
Smart Greenhouse Market Trends:
Smart greenhouses assist in enhancing the productivity of farmers and producing better farming outcomes. As a result, the surging awareness regarding the ease of crop monitoring, cultivation, and harvesting associated with smart greenhouses represents one of the key factors driving the market growth. Besides this, the rising consumer preferences for organic food and the escalating demand for high-value crops are other major growth-inducing factors. In addition, governments of various countries are taking favorable initiatives to promote the uptake of smart agricultural practices due to the surging food demand, declining arable land, and increasing water shortage. Along with this, heavy investments in the modernization of the agriculture sector, especially in developing nations, coupled with the rising adoption of indoor farming in urban areas, are contributing to market growth. Furthermore, the leading players are offering integrated products and introducing new smart greenhouse variants embedded with various novel features and technologies to provide higher visibility and automation. In line with this, the surging adoption of the internet of things (IoT) and artificial intelligence (AI) by farmers and agriculturalists have propelled market growth. Other factors, including the growing popularity of vertical farming technology, increasing environmental concerns among the masses, continual technological advancements, and ongoing research and development (R&D) activities, are also anticipated to create a positive outlook for the global market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global smart greenhouse market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, offering, and end user.Type Insights:
- Hydroponic
- Non-Hydroponic
Offering Insights:
- Hardware
- HVAC Systems
- LED Grow Lights
- Irrigation System
- Valves and Pumps
- Sensor and Control System
- Others
- Software
- Services
End User Insights:
- Commercial Growers
- Research and Educational Institutes
- Retail Gardens
- Others
Regional Insights:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global smart greenhouse market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Argus Control Systems Limited (Conviron), Certhon, Heliospectra AB, Netafim (Orbia), Sensaphone, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global smart greenhouse market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global smart greenhouse market?
- What is the impact of each driver, restraint, and opportunity on the global smart greenhouse market?
- What are the key regional markets?
- Which countries represent the most attractive smart greenhouse market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the smart greenhouse market?
- What is the breakup of the market based on the offering?
- Which is the most attractive offering in the smart greenhouse market?
- What is the breakup of the market based on end user?
- Which is the most attractive end user in the smart greenhouse market?
- What is the competitive structure of the global smart greenhouse market?
- Who are the key players/companies in the global smart greenhouse market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Smart Greenhouse Market
6 Market Breakup by Type
7 Market Breakup by Offering
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Argus Control Systems Limited (Conviron)
- Certhon
- Heliospectra AB
- Netafim (Orbia)
- Sensaphone
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.74 Billion |
| Forecasted Market Value ( USD | $ 3.23 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
