Global Smart Greenhouse Market, By Type (Hydroponic, Non-Hydroponic Technology), Component (Product Segment Analysis, Lighting System, Irrigation System, Communication System, Control System, HVAC System, Pumps, Material Handling Services, Climate Control Services, Others), End-User (Commercial Growers, Research & Educational Institutes, Retail Gardens, Others) - Industry Trends and Forecast to 2030.
Smart Greenhouse Market Analysis and Size
Growing demand for food owing to continuously increasing global population is a crucial factor accelerating the market growth, also increasing number of government initiatives to promote adoption of smart agricultural practices, rising adoption of indoor farming in urban areas, increased reliability in the smart greenhouse, rising energy demand from the emerging economies, rising ever-growing population, increasing trend of indoor farming, increasing government initiatives and incentives relating to smart greenhouse lighting technology are the major factors among others boosting the smart greenhouse market..
Global smart greenhouse market was valued at USD 4.80 billion in 2021 and is expected to reach USD 13.69 billion by 2030, registering a CAGR of 10.8% during the forecast period of 2023-2030. Hydroponic accounts for the largest type segment in the respective market owing to hydroponic technology offers significant advantages in terms of efficient water usage and nutrient delivery to plants. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Smart Greenhouse Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Hydroponic, Non-Hydroponic Technology), Component (Product Segment Analysis, Lighting System, Irrigation System, Communication System, Control System, HVAC System, Pumps, Material Handling Services, Climate Control Services, Others), End-User (Commercial Growers, Research & Educational Institutes, Retail Gardens, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Cultivar Ltd (U.K.), Certhon (Netherlands), Argus Control Systems Limited (Canada), LumiGrow (U.S.), Heliospectra AB (Sweden), Hort Americas (U.S.), Rough Brothers, Inc. (U.S.), GreenTech Agro LLC (U.S.), Netafim (Israel), Sensaphone (U.S.), LOGIQS B.V. (Netherlands), Nexus Corporation LTD (U.K.), International Greenhouse Company (U.S.), KUBO (Netherlands) among others
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Market Opportunities
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Market Definition
Smart greenhouse is defined as a self-regulating and self-monitoring, micro-climatically controlled environment for ideal plant growth. Therefore, even slight variations in these conditions helps in generating automated actions which evaluate change and take corrective action and also, helps in maintaining ideal conditions for plant growth.
Global Smart Greenhouse Market Dynamics
Drivers
- Use of Modern Technologies in Greenhous Products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products is one of the major factors driving the growth of Smart Greenhouse Market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
- Concerns regarding Soil Erosion
The increase in the concerns regarding soil erosion encouraging farmers to adopt advanced agricultural technologies further influence the market. The status of soil condition plays a crucial role in decision making regarding sustainable soil management and appropriate land use that is acquired with the help of modern agricultural solutions.
In addition, rapid urbanization, change in lifestyle, expansion of agricultural sector, surge in investments and increase in government initiatives positively affect the smart greenhouse market.
- Rise in the usage of IoT solutions
Industry 4.0 and the Industrial internet of things (IoT) have increased demand for diagnostics and mobile-based access, which will propel the industry forward. The existence of the multinational corporations funding in the research and development for industrial technologies, industrial Internet of Things (IoT) and as well as the cloud technology are the factors that will further boost the growth of the smart greenhouse market.
Opportunity
- Technological Advancements and Innovation
Furthermore, use of unmanned aerial vehicles or drones in agricultural farms and popularity of land-based recirculating aquaculture systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. In addition, rise in focus on integration of smartphones with agricultural hardware and software applications will further expand the market.
Restraint/Challenge
- Workforce Skill Enhancement and Retraining
The increasing adoption of Smart Greenhouse requires companies to invest in retraining and upskilling their workforce to adapt to the changing work environment. Employees need to acquire new skills to collaborate effectively with robots, manage robotic systems, and perform tasks that complement and support robotic operations. Retraining programs and initiatives are crucial to ensure a smooth transition and maximize the benefits of industrial automation while safeguarding employment opportunities.
This global smart greenhouse market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Smart Greenhouse Market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- May 2021, Heliospectra AB and Harahara Inc. have established partnership to represent them in Japan. For leading the market in LED lights and light control systems for controlled environments agriculture and Plant Factories with Artificial Light (PFALs)
- November 2020, Netafim revealed that they have discovered a superior alternative to traditional paddy field flooding that has produced good results. Drip irrigation has been shown to be efficient in enabling the cultivation of high yielding, healthier rice while optimizing the use of water, land, labor, and fertilizers and lowering GHG emissions in pilot plot experiments around the world.
Global Smart Greenhouse Market Scope
Smart greenhouse market is segmented on the basis of type, component, and end-user. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Hydroponic
- Non-Hydroponic Technology
Component
- Product Segment Analysis
- Lighting System
- Irrigation System
- Communication System
- HVAC System
- Pumps
- Material Handling Services
- Climate Control Services
- Others
End-User
- Commercial Growers
- Research & Educational Institutes
- Retail Gardens
- Others
Global Smart Greenhouse Market Regional Analysis/Insights
The smart greenhouse market is analysed and market size insights and trends are provided by country, type, component, and end-user as referenced above.
The countries covered in the Smart Greenhouse Market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific is the fastest growing and dominate the smart greenhouse market due to rise in the adoption of advanced technologies such as smart greenhouses to enable the supply of fresh fruits and vegetables, increasing number of government initiatives to promote adoption of smart agricultural practices, rising adoption of indoor farming in urban areas, increased reliability in the smart greenhouse, rising energy demand from the emerging economies, rising ever-growing population and increasing trend of indoor farming in this region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Semiconductor Infrastructure growth Installed base and New Technology Penetration
The global smart greenhouse market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for global smart greenhouse market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the smart greenhouse market. The data is available for the historic period 2015-2020.
Competitive Landscape and Global Smart Greenhouse Market Share Analysis
The smart greenhouse market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global smart greenhouse market are:
- Cultivar Ltd (U.K.)
- Certhon (Netherlands)
- Argus Control Systems Limited (Canada)
- LumiGrow (U.S.)
- Heliospectra AB (Sweden)
- Hort Americas (U.S.)
- Rough Brothers, Inc. (U.S.)
- GreenTech Agro LLC (U.S.)
- Netafim (Israel)
- Sensaphone (U.S.)
- LOGIQS B.V. (Netherlands)
- Nexus Corporation LTD (U.K.)
- International Greenhouse Company (U.S.)
- KUBO (Netherlands)
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