The global smart greenhouse market size is expected to reach USD 3.16 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rapid urbanization, climate change, growing global population, and rising food demand. Rising awareness among farmers regarding the benefits of automatic monitoring and control of greenhouse environment has resulted in increasing adoption of smarter greenhouse automation systems and techniques in the recent past. Limited availability of arable land in developed and developing countries is also driving deployment of smart greenhouses to increase crop yield in order to meet rising demand for food. Advancements in technology is aiding in wirelessly controlling and monitoring multiple greenhouses using Internet of Things (IoT) from a central location.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Some Key Highlights From the Report
In July 2020, Netafim USA enhanced its Digital Farming solution offering with the addition of Industry leading soil sensor technology of Sentek. The agreement is expected to help in the integration of Automated Irrigation Control, Fertigation, and Crop Protection Solutions of Netafim, with the Industry’s Leading Precision Soil Moisture Management Technologies.
Hydroponics segment accounted for largest revenue share in 2020. Unfavorable weather conditions and increasing need to feed a growing population has resulted in rising utilization of hydroponic technology to mitigate impending food shortage.
LED grow lights segment revenue is expected to expand at a rapid CAGR during the forecast period. Increasing usage of automated LED lighting in greenhouses lowers electricity bills, provides additional lighting without increasing electrical infrastructure, and improves plant performance and ability to meet year-round growing schedules.
Research & educational Institutes segment accounted for a significantly high revenue share in the smart greenhouse market in 2020. Research & educational institutes are carrying out research activities for development of greenhouse monitoring using wireless sensor networks, which is expected to drive growth of the segment going ahead.
Asia Pacific accounted registered fastest revenue growth that other regional markets in the global smart greenhouse market in 2020. Increasing government initiatives favoring adoption of Controlled Environment Agriculture (CEA) practices to increase crop yield and quality is contributing to steady growth of the smart greenhouses market in the region.
Major players in the market include Argus Control, Certhon, Rough Brothers, GreenTech Agro LLC, Netafim, Sensaphone, Cultivar, Heliospectra AB, LumiGrow, and Desert Growing.
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Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA
Emergen Research has segmented the Smart Greenhouse market on the basis of machinery type, packaging type, end-use, application, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Hydroponics
Non-hydroponics
Component Outlook (Revenue, USD Billion; 2018–2028)
LED Grow Lights
HVAC System
Sensors & Control System
Irrigation System
Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
Research & Educational Institutes
Commercial Growers
Retail Gardens
The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Smart Greenhouse industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Smart Greenhouse industry.
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
The report on global Smart Greenhouse market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders’ product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.
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Table of content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Greenhouse Market Segmentation & Impact Analysis
4.1. Smart Greenhouse Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for growing medicinal application
4.2.2.2. Rising legalization of Smart Greenhouse
4.2.2.3. Technological advancement in product invention
4.2.3. Market restraints analysis
4.2.3.1. The complex regulatory framework for the usage of Smart Greenhouse
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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