Global Smart Greenhouse Market

Global Smart Greenhouse Market Overview:

The global smart greenhouse market is estimated to reach USD 14.2 billion by 2030, growing at a CAGR of 10.3%during the forecast period of 2022-2030. It was valued at USD 5.1 billion in 2022. Smart greenhouse refers to the process where the cultivation of crops is done without human intervention. The temperature, humidity, light intensity, soil temperature, moisture content, and other functions are automatic control system based on an intelligent controller.  It uses a computer distributed network control structure to control the greenhouse. Smart greenhouse provides real-time data and controls every function that helps in contributing to the growth of plants.

Global Smart Greenhouse Market Insights

The key factors driving the smart greenhouse market include indoor farming due to changes in consumer preferences, the high population demand for food, favorable government regulations, and incentives related to intelligent greenhouse lighting technologies. The smart greenhouse is a modernized planting environment that integrates data collection, central computing, and automatic equipment control. Through the combination of software and hardware and the interaction between online and offline, the technology guarantees accurate perception. Also, precise operation, excellent management, promotes increased output, reduced input cost, and reduced labor consumption, and improved crop quality. With the characteristics of information transparency and non-tampering possessed by blockchain technology and combined with sensor technology, an intelligent greenhouse management system will help in establishing regional services. In addition to it, near-field communication technology and wireless remote communication technology, big data, cloud computing, etc. will help in maintaining operations and functions efficiently. Moreover, Smart greenhouses have become an essential part of agriculture owing to economic benefits over traditional greenhouses. Both the increase of crop income and the supply of vegetables and fruits in winter have a significant role in promoting. With the increasing number and scale of smart greenhouses globally, the intelligentization of smart greenhouses will gradually replace the original greenhouse production mode and become the general direction of the development of modern high-tech agriculture. Furthermore, in a smart greenhouse environment, a shed can use the Internet of Things technology to become a wireless sensor network measurement and control area. Different sensor nodes with simple actuators, such as fans, low-voltage motors, valves, etc., can form a wireless network to measure matrix humidity. Coupled with composition, PH value, air temperature, air humidity, air pressure, light intensity, carbon dioxide concentration, etc., also helps in model analysis. Thus, by automatically adjusting the greenhouse environment, controlling irrigation and fertilization, the best conditions for plant growth were obtained.

Growth Driver

Growing Population

The growing population has increased the market demand and supply of food. Therefore, with emerging technology to meet the request of the customer and produce more food, smart greenhouse technology helps in meeting the requirement. Smart greenhouse technology allows us to grow the vegetable and fruits without human intervention and providing the best condition to develop.

Demand for indoor Farming

The smart greenhouse technology is the new form for the cultivation of crops by replacing traditional greenhouse farming. Moreover, the rising demand for indoor agriculture has emerged owing to the shortage of land, providing better conditions to grow plants, reduce the pesticides in plants, and other factors are fueling the market demand for the global smart greenhouse market.

By Technology Segmental Analysis

Based on the technology, the global smart greenhouse market segmented into HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves and Pumps, Control System, Others. The HVAC captures the largest segment in the global smart greenhouse market. The HVAC system used to maintain a proper temperature in a controlled environment. By keeping the ideal temperature for plant growth and eliminating the adverse effects of external temperature changes, and making cultivation possible throughout the year, it plays an essential role in a smart greenhouse. Therefore, the high-voltage AC system provides an improved indoor environment and reduces operating costs. Moreover, the LED plant growth lamp used as supplementary lighting in the greenhouse environment. HVAC technology, along with other activities such as ventilation and lighting, provides heating and cooling to give proper nutrition to plants. Therefore, based on technology, LED lighting, and HVAC technology expected to occupy a large share of the smart greenhouse market.

By Type Segmental Analysis

Based on the type, the global smart greenhouse market bifurcated into Hydroponic, Non-Hydroponic. The hydroponic segment has the largest market share in the worldwide smart greenhouse market. Smart greenhouses based on hydroponic technology have reduced the consumption of resources in soilless agriculture practices, which has enabled this farming technique to be adopted by a large number of stakeholders, from family gardeners to professional growers, from supermarkets to restaurants. This technique uses containers or specially designed sinks to suspend plants in water.

By Region Segmental Analysis

Based on geography, the global smart greenhouse market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe expected to dominate the largest share of the global smart greenhouse market. Europe has been at the forefront of implementing advanced technologies in greenhouse horticulture. The European population has expanded rapidly, and countries have imported fruits and vegetables from the African and Asian markets in a frozen manner. The indoor horticulture industry has quickly developed in some major countries in the region to obtain fresh produce from locally grown farms. This factor expected to generate significant demand for controlled environmental agriculture shortly.

Competitor Analysis

Companies such as Nexus Corporation, Argus Control Systems Limited, Certhon, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd., Heliospectra AB, LumiGrow and others are key players in the global smart greenhouse market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global smart greenhouse manufacturing companies
• Research organizations and consulting companies’ smart greenhouse
• Regulatory bodies

Recent Development October 2023: Netafim (Orbia’s Precision Agriculture business) partnered with Vermillion Growers to build Manitoba, Canada’s comprehensive vegetable greenhouse. Netafim, the establishment’s division specializing in commercial greenhouse projects, provides Controlled Environment Agriculture.

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Technology

• HVAC
• LED Grow Light
• Communication Technology
• Irrigation System
• Material Handling
• Valves and Pumps
• Control System
• Others

By Type

• Hydroponic
• Non-Hydroponic

By Region

• Europe
• North America
• Asia Pacific
• South America
• Middle East & Africa

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