Smart Greenhouse Market Projected to Grow at 10% CAGR: Forecast Analysis

The global smart greenhouse market size was estimated at around 1.4 billion in 2021 and is expected to grow at a CAGR of over 10% from 2022 to 2030.?

Crops are grown in greenhouses, which are regulated and closely watched surroundings. A smart greenhouse is a more advanced type of greenhouse in which human interaction is eliminated. Microprocessors and sensors are used to regulate the irrigation system and temperature. Establishing a smart greenhouse is primarily intended to raise farmers' overall productivity and increase the caliber of their output.

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GROWTH DRIVERS

The main factors propelling the growth of the global smart greenhouse market are the increasing demand for food and the growing need for smart cultivation due to the widening gap between supply and demand for food caused by the growing global population, the increasing number of government initiatives to encourage the adoption of smart agricultural practices, and the increasing advancement in technology that is replacing traditional agricultural techniques with automated urban farming methods like smart greenhouses to have more efficient cultivation practices.

Additionally, the growing demand for innovative farming methods to meet consumer demands for energy efficiency is anticipated to fuel the growth of the global smart greenhouse market during the forecast period. These factors include the rising popularity of organic food and rooftop cultivation around the world, the spread of indoor farming practices and vertical farming technology in urban areas worldwide, the rise of public-private partnerships in the agriculture sector, and the growing adoption of artificial intelligence (AI) and the Internet of Things (IoT) by farmers and agriculturists.

SMART GREENHOUSE MARKET SEGMENTATION

By Type

·???Hydroponics

·???Non-hydroponics

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By Covering Material Type

·?????????Polyethylene

·?????????Polycarbonate

·?????????Others

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By Offering

·?????????Hardware

·?????????Software & Services

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By Component

·?????????HVAC Systems

·?????????LED Grow Lights

·?????????Control Systems & Sensors

·?????????Irrigation System

·?????????Valves & Pumps

·?????????Others

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By End User

·?????????Commercial Growers

·?????????Research & Educational Institutes

·?????????Retail Gardens

·?????????Others

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By Region

·?????????North America

·?????????Europe

·?????????Asia Pacific

·?????????Latin America

·?????????Middle East and Africa

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KEY COMPANIES IN SMART GREENHOUSE MARKET

·?????????Certhon

·?????????Rough Brothers Inc.?

·?????????GreenTech Agro LLC

·?????????Netafim?

·?????????Sensaphone

·?????????Cultivar Ltd.

·?????????Heliospectra AB ?

·?????????Nexus Corporation?

·?????????Argus Control Systems Limited

·?????????Lumigrow Inc.

·?????????Ceres Greenhouse Solutions

·?????????Logiqs B.V.

·?????????JFE Engineering Corporation

·?????????Terrasphere Systems LLC

·?????????Hort Americas

·?????????Other Players

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