Request Sample Inquiry
Smart Greenhouse Market

Smart Greenhouse Market

Smart Greenhouse Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2022

Date

May - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1592

Segments Covered
  • By Type By Type Hydroponics, Non-hydroponics
  • By Covering Material Type By Covering Material Type Polyethylene, Polycarbonate, Others
  • By Offering By Offering Hardware, Software & Services
  • By Component By Component HVAC Systems, LED Grow Lights, Control Systems & Sensors
  • By End User By End User Commercial Growers, Research & Educational Institutes, Retail Gardens, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1767.46 Million
Revenue 2030Revenue 2030: USD 3394.57 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 8.50%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Smart Greenhouse Market Share

Market Synopsis:

The Global Smart Greenhouse Market is valued at USD 1767.46 Million in 2022 and is projected to reach a value of USD 3394.57 Million by 2030 at a CAGR of 8.50% over the forecast period.

A Smart Greenhouse is a type of greenhouse that grows plants without the need for human intervention. Crops grow in a Smart Greenhouse for a set amount of time without any climate adjustments or human intervention. The temperature and watering system are controlled by multiple microprocessors and sensors in a smart greenhouse. A smart greenhouse's main purpose is to boost farmer productivity and improve farming results. The Smart Greenhouse Market is expected to develop as organic food becomes more popular around the world and farmers and agriculturists utilize IoT and artificial intelligence. Furthermore, the industry grows due to the convenience of crop monitoring and harvesting. However, the market's growth is hampered by high investment costs due to the deployment of pricey technology in Smart Greenhousees. Furthermore, the use of vertical farming technology and public-private partnerships in the agriculture sector are likely to give lucrative market growth possibilities.

Farmers producing crops are becoming increasingly reliant on technology for day-to-day tasks. Wi-Fi, Zigbee, extra wireless sensors, and low-power wide-area network technology are just a few examples of the different technologies that enable farmers to undertake effective agriculture operations such as harvesting, purchasing, planting, and inventory control. Farmers' rising use of IoT and artificial intelligence also helps with crop field monitoring and irrigation automation. Furthermore, innovative technology has enhanced organic farming production, including greenhouse and vertical farming. Furthermore, integrating IoT and AI in greenhouses eliminates the need for constant crop monitoring and provides farmers with cost-effective and appropriate solutions with less manual intervention, resulting in increased market growth.

Smart Greenhouse Market Size, 2022 To 2030 (USD Million)

AI (GPT) is here !!! Ask questions about Smart Greenhouse Market
Loading....

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

  • Real-Time Data Updates:
  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
  • Demographic and Geographic Insights

Get Access Now

Market Segmentation:

The Smart Greenhouse Market is segmented on the basis of Type, Covering Material Type, Offering, Component and End User. On the basis of Type, the market is segmented into Hydroponics and Non-hydroponics. On the basis of Covering Material Type, the market is segmented into Polyethylene, Polycarbonate and Others. On the basis of Offering, the market is segmented into Hardware and Software & Services. On the basis of Component, the market is segmented into HVAC Systems, LED Grow Lights and Control Systems & Sensors. On the basis of End User, the market is segmented into Commercial Growers, Research & Educational Institutes, Retail Gardens and Others.

Based on Type-

During the projection period, the hydroponics segment is expected to gain a large share. The potential of hydroponics smart greenhouses to generate nutritious eatables in less space is a crucial element driving Smart Greenhouse growth in this segment. The non-hydroponics category, on the other hand, is expected to grow at the quickest rate during the projection period due to its ecologically benign character and the surge in adoption of non-hydroponics greenhouse by many big firms. This promotes the growth of the Smart Greenhouse market in this industry.

Based on End user-

The Smart Greenhouse Market was dominated by the research and educational institutes sector. Smart greenhouses are being provided to research and educational institutes for public and private research. They provide completely functional Smart Greenhouse facilities by including various plant systems and plant research equipment into their designs to ensure that these research facilities run optimally. Depending on the research activities to be carried out, research greenhouses might be modest or enormous. Smart greenhouses are mostly used by research and educational institutes, which conduct study on various flowers, fruits, and vegetables and provide hands-on experience to students on campuses and in schools.

Europe Region Dominates the Smart Greenhouse Market with the Largest Share

Europe is projected to acquire the largest market share with a share of 36.10%. Smart Greenhouse techniques were originally used in Europe, particularly in countries like Italy, Spain, and the Netherlands, where greenhouse horticulture covers large areas. Europe is the most powerful player due to urbanization, rapid technological advancements, and high demand for fruits and vegetables. Smart Greenhouse' ability to provide larger yields than traditional agricultural methods, as well as the shrinking amount of arable land per person, are propelling the worldwide Smart Greenhouse Market forward. The worldwide Smart Greenhouse market report covers a detailed analysis of the market for the predicted period.

Competitive Landscape:

Key players operating in the global Smart Greenhouse Market include Nexus Corporation (US), Argus Control Systems Limited (Canada), Certhon (Netherlands), Rough Brothers Inc. (US), GreenTech Agro LLC (US), Netafim (Israel), Sensaphone (US), Cultivar Ltd. (UK), Heliospectra AB (Sweden), LumiGrow (US).

Segmentation of Smart Greenhouse Market:

Parameter Details
Segments Covered

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

By End User

  • Commercial Growers
  • Research & Educational Institutes
  • Retail Gardens
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Nexus Corporation (US)
  • Argus Control Systems Limited (Canada)
  • Certhon (Netherlands)
  • Rough Brothers Inc. (US)
  • GreenTech Agro LLC (US)
  • Netafim (Israel)
  • Sensaphone (US)
  • Cultivar Ltd. (UK)
  • Heliospectra AB (Sweden)
  • LumiGrow (US)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

FAQ
Frequently Asked Question
  • The global Smart Greenhouse valued at USD 1767.46 Million in 2022 and is expected to reach USD 3394.57 Million in 2030 growing at a CAGR of 8.50%.

  • The prominent players in the market are Nexus Corporation (US), Argus Control Systems Limited (Canada), Certhon (Netherlands), Rough Brothers Inc. (US), GreenTech Agro LLC (US), Netafim (Israel), Sensaphone (US), Cultivar Ltd. (UK), Heliospectra AB (Sweden), LumiGrow (US).

  • The market is project to grow at a CAGR of 8.50% between 2023 and 2030.

  • The driving factors of the Smart Greenhouse include

    • Increasing adoption of IoT and AI by farmers and agriculturists

  • Europe was the leading regional segment of the Smart Greenhouse in 2022.