Industry Background:
Smart Greenhouse is defined as the concept of the greenhouse, which provides micro-climate controlled environment aimed at optimal plant growth. It saves both time and effect for plant growth in agriculture. Numerous benefits of using smart greenhouses in agriculture such as temperature control, heating system, forced ventilation system, cooling system, hot water temperature, inside air temperature, inside relative humidity, light intensity, outside air temperature, outside relative humidity, user control interface and others benefits. The necessity for smart farming and trend of rooftop farming is the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Heliospectra (Sweden), LumiGrow (United States), Rough Brothers (United States), Nexus Corporation (United States), Argus Control Systems (Canada), Certhon (Netherlands), Logiqs (Netherlands), Greentech Agro (United States), Netafim (United States) and International Greenhouse Company (United States) |
According to AMA, the market for Smart Greenhouse - is expected to register a CAGR of 13.2% during the forecast period to 2030. This growth is primarily driven by Trend of Indoor Farming Due to Changing Consumer Preferences, High Demand for Food Due to Enormously Growing Population and Favorable Government Regulations and Incentives Pertaining to Smart Greenhouse Lighting Technology.
Globally, a noticeable market trend is evident Technology Advancement in Smart Greenhouse
The Electronic Manufacturing Services sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Heliospectra (Sweden), LumiGrow (United States), Rough Brothers (United States), Nexus Corporation (United States), Argus Control Systems (Canada), Certhon (Netherlands), Logiqs (Netherlands), Greentech Agro (United States), Netafim (United States) and International Greenhouse Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented with numerous players focusing on technique and quality of the product due to which the global smart greenhouse market can witness an upsurge in the forecast period
In March 2019, the smart greenhouses have recently launched in Baguio City in the Philippines. In addition, this smart agriculture is funded by the Korean International Cooperation Agency as well as private Korean companies. Therefore, this will, in turn, propel the growth of smart greenhouses market. and In September 2017, the Certhon (Netherlands) Company has a signed a contract with Poumo d'Amour (France) Company in order to build a SuprimAir greenhouse for Poumo d’Amour for growing tomato. Therefore, this contract will help in strengthening the position of the company.
Influencing Trend:
Technology Advancement in Smart Greenhouse and Rise of vertical cultivation in urban regions and the developing awareness among purchasers
Market Growth Drivers:
Trend of Indoor Farming Due to Changing Consumer Preferences, High Demand for Food Due to Enormously Growing Population and Favorable Government Regulations and Incentives Pertaining to Smart Greenhouse Lighting Technology
Challenges:
Integration of Greenhouse Technologies
Restraints:
Issue related to High Cost of Smart Greenhouses
Opportunities:
Rising Demand from Emerging Economics such as China and India and Emerging Vertical Farming Technology in Urban Areas
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Smart Greenhouse - Market
- Analysis about New Entrants in Smart Greenhouse - Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Smart Greenhouse - Study Sheds Light on
The Smart Greenhouse - Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Greenhouse - industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Greenhouse - industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.