Smart Greenhouse Market
Smart Greenhouse Market - Global Industry Assessment & Forecast
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
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 1767.46 Million |
Revenue 2030: | USD 3394.57 Million |
Revenue CAGR (2023 - 2030): | 8.50% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | Europe |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Smart Greenhouse Market by Type by Covering Material Type by Offering by Component by End User by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
At the later stage, the primary research is conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- Overall Smart Greenhouse market size and regional/segmental trends
- Company market share and competitive scenario
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Smart Greenhouse market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Smart Greenhouse in terms of revenue?
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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%.
Which are the prominent players in the market?
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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).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 8.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Smart Greenhouse include
- Increasing adoption of IoT and AI by farmers and agriculturists
Which region accounted for the largest share in the market?
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Europe was the leading regional segment of the Smart Greenhouse in 2022.