Global IoT Based Smart Greenhouse Market Overview:
IoT Based Smart Greenhouse market is expected to grow in the future to control and monitor the multiple Greenhouses from the central location. Due to urbanization and lack of land availability the construction of Greenhouses is required for growing crops. The developed system of IoT can be proved profitable as it will optimize the resources in the greenhouse. A smart greenhouse through IoT embedded systems not only monitors intelligently but also controls the climate. Thereby eliminating any need for human intervention which is boosting the demand for the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Huge Investment in Research and Development, Increase Adoption of Digital Farming Solution to Improve Risk Management and Value Chain Efficiency and Favorable Government Regulations and Incentives Pertaining to Smart Greenhouse
Market Growth Drivers:
Growing Need to Improve Efficiency of Farming and Increasing Governments Support to Adopt Modern Agricultural Techniques
Challenges:
Lack of Standardisation in Smart Agriculture Industry
Restraints:
High Cost Required in Technology Development and Less Presence of Technical Knowledge and Skills of Farmers
Opportunities:
High Adoption of the Smartphones for Agriculture Specific Applications and Rising Demand from Emerging Economics such as China and India
Competitive Landscape:
The companies are operating in this industry are heavily investing in technology development. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry.
Some of the key players profiled in the report are Schaefer Ventilation Equipment LLC (United States), Delta T Solution (United States), Modine (United States) and Coolair (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global IoT Based Smart Greenhouse market by 2028. Considering Market by Services, the sub-segment i.e. System Integration and Consulting will boost the IoT Based Smart Greenhouse market. Considering Market by Component, the sub-segment i.e. Hardware will boost the IoT Based Smart Greenhouse market.
Agricultural law, or "Ag Law," deals with the laws pertaining to agricultural infrastructure, seed, water, fertilizer, pesticide, land use, environmental issues, food production, agricultural finance, agricultural labor; agricultural marketing, agricultural insurance, farming rights, land tenure and tenancy systems, and other aspects of the agricultural processing and rural industries. As modern technologies and processes emerge, credit, intellectual property, and technology-related trade and commerce issues pertaining to the agricultural industry become an increasingly large part of the sphere of issues related to ag law.
What Can be Explored with the IoT Based Smart Greenhouse Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global IoT Based Smart Greenhouse Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in IoT Based Smart Greenhouse
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global IoT Based Smart Greenhouse market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in IoT Based Smart Greenhouse market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, IoT Based Smart Greenhouse Providers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.