The global Smart Greenhouse market size is expected to reach USD 3.16 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research.
The Smart Greenhouse report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services Demand for automated (Light Emitting Diode) LED lighting greenhouse has been increasing to meet plants needs with real-time and scheduled spectrum. LED grow lights improve plant growth, offer reduced electricity consumption, and add additional light without increasing need for much modification of existing electrical infrastructure. The waste heat from LEDs can be transferred and distributed for use in greenhouse heating, which offsets the cost of fuel during cold weather and climate, and allows venting during warm weather.
The comprehensive study performs an in-depth analysis of the SMART GREENHOUSE industry and lays immense emphasis on the major driving forces and restraints expected to govern the overall business for the forecast period, 2020 - 2028.
Steady market revenue growth can be attributed to rapid urbanization, climate change, growing global population, and rising food demand. Rising awareness among farmers regarding the benefits of automatic monitoring and control of greenhouse environment has resulted in increasing adoption of smarter greenhouse automation systems and techniques in the recent past.
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Some Key Highlights From the Report
Asia Pacific accounted registered fastest revenue growth that other regional markets in the global smart greenhouse market in 2020. Increasing government initiatives favoring adoption of Controlled Environment Agriculture (CEA) practices to increase crop yield and quality is contributing to steady growth of the smart greenhouses market in the region.
Major players in the market include Argus Control, Certhon, Rough Brothers, GreenTech Agro LLC, Netafim, Sensaphone, Cultivar, Heliospectra AB, LumiGrow, and Desert Growing.
LED grow lights segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing usage of automated LED lighting in greenhouses lowers electricity bills, provides additional lighting without increasing electrical infrastructure, and improves plant performance and ability to meet year-round growing schedules.
Research & educational Institutes segment accounted for a significantly high revenue share in the smart greenhouse market in 2020. Research & educational institutes are carrying out research activities for development of greenhouse monitoring using wireless sensor networks, which is expected to drive growth of the segment going ahead.
In July 2020, Netafim USA enhanced its Digital Farming solution offering with the addition of Industry leading soil sensor technology of Sentek. The agreement is expected to help in the integration of Automated Irrigation Control, Fertigation, and Crop Protection Solutions of Netafim, with the Industry’s Leading Precision Soil Moisture Management Technologies.
Hydroponics segment accounted for largest revenue share in 2020. Unfavorable weather conditions and increasing need to feed a growing population has resulted in rising utilization of hydroponic technology to mitigate impending food shortage.
Emergen Research has segmented the global smart greenhouse market on the basis of type, component, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Hydroponics
Non-hydroponics
Component Outlook (Revenue, USD Billion; 2018–2028)
LED Grow Lights
HVAC System
Sensors & Control System
Irrigation System
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Research & Educational Institutes
Commercial Growers
Retail Gardens
Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Greenhouse Market Segmentation & Impact Analysis
4.1. Smart Greenhouse Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for food owing to growth in global population
4.2.2.2. Rising adoption of IoT and AI in agriculture sector
4.2.2.3. Growing trend in indoor farming practices
4.2.2.4. Increasing government initiatives
4.2.3. Market restraints analysis
4.2.3.1. High initial investment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
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The Smart Greenhouse Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the smart greenhouse market include Argus Controls, Certhon, Rough Brothers, Greentech Agro, and Netafim.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Greenhouse Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/smart-greenhouse-market/download-sampleMarket DynamicsInformation and communication technologies are benefitting every sector and agriculture is no exception, but they have not been widely introduced in agriculture.
This is because small farmers do not have the capital resources to spend on expensive monitoring and controlling methods.
They face both internal and external challenges as far as the adoption of modern agricultural technologies is concerned.
Smart Greenhouse Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the smart greenhouse market include Argus Controls, Certhon, Rough Brothers, Greentech Agro, and Netafim.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developmentsGet more information on "Global Smart Greenhouse Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/smart-greenhouse-market/download-sampleMarket DynamicsInformation and communication technologies are benefitting every sector and agriculture is no exception, but they have not been widely introduced in agriculture.
The smart greenhouse market is progressing with growing development in internet technology.
This is because small farmers do not have the capital resources to spend on expensive monitoring and controlling methods.
Smart Greenhouse Market:WiseGuyReports.com adds “Global Smart Greenhouse Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryGlobal Smart Greenhouse Market is valued approximately at USD 1.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.20% over the forecast period 2020-2026.
The concept of greenhouse that cultivates crops deprived of human intervention is known as smart greenhouse.
The smart greenhouse utilizes different sensors and microprocessors to operate functions such as controlling irrigation system and temperature.
Furthermore, emerging trend of rooftop farming in urban areas is likely to create significant growth opportunity in the market over the forecast period.
However, integration of technologies and the requirement of high initial investment impedes the growth of the market over the forecast period of 2020-2026.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5278113-global-smart-greenhouse-market-size-study-by-typeThe regional analysis of global Smart Greenhouse market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
Factors such as increasing population, high pressure to improve agricultural yields with limited available resources and increased requirements to protect crops from unexpected climatic changes would create lucrative growth prospects for the Smart Greenhouse market across Asia-Pacific region.Major market player included in this report are:Nexus CorporationArgus Control Systems LimitedCerthonRough Brothers, Inc.GreenTech Agro LLCNetafimSensaphoneCultivar Ltd.Heliospectra ABLumiGrowThe objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.
