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Global Smart Greenhouse Market – Industry Trends and Forecast to 2030

Semiconductors and Electronics

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Global Smart Greenhouse Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Smart Greenhouse Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2030
Diagram Market Size (Base Year) USD 4.80 Billion
Diagram Market Size (Forecast Year) USD 13.69 Billion
Diagram CAGR %

Major Markets Players

  • Cultivar Ltd
  • Certhon
  • Argus Control Systems Limited
  • LumiGrow
  • Heliospectra AB

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

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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.

Market Players Covered

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

Market Opportunities

  • Increasing demand for sustainable and efficient agricultural practices
  • Rising focus on urban farming and vertical agriculture
  • Integration of Internet of Things (IoT) and data analytics

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Smart Greenhouse Market will be worth USD 13.69 billion by 2030.
The Smart Greenhouse Market Growth Rate is 10.8% during the forecast period.
The Use of Modern Technologies in Greenhous Products, Concerns regarding Soil Erosion and Rise in the usage of IoT solutions are the Growth drivers of the Smart Greenhouse Market.
The type, component, and end-user are the factors on which the Smart Greenhouse Market Research is based.
The 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 and Netafim revealed that they have discovered a superior alternative to traditional paddy field flooding that has produced good results are the latest developments in the Smart Greenhouse Market.
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