Sarasota, FL, Jan. 24, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Smart Greenhouse Market (Hydroponic, Non-hydroponic) by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global smart greenhouse market was valued at approximately USD 680.3 million in 2016 and is expected to reach approximately USD 1,312.2 million by 2022, growing at a CAGR of around 14.12% between 2017 and 2022.
The smart greenhouse is a revolution in agriculture and is a self-regulating, climate controlling which is suitable for plant growth. It is possible to control microclimate environment (climate in the restricted area) using sensors and different applications. The smart greenhouse is consists of different components such as sensors, actuators, monitoring system, control system. The concept of smart greenhouse aims to optimize growth conditions for plants and automate the growing process.
Browse through 29 Market Tables and 21 Figures spread through 110 Pages and in-depth TOC on “Global Smart Greenhouse Market: By Type, Technology, Size, Share, Statistics, Trends, Analysis, Segment and Forecast 2016 – 2022”.
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Smart greenhouse market is expected to witness significant growth due to initiatives were taken by the government on account of increasing population. Smart farming is expected to develop at an astounding growth rate. Changing atmosphere affects the agriculture industry which simultaneously affects the food & beverage industry and economy of many nations. Therefore, smart greenhouse gives new opportunity for the agriculture industry. Transforming technological preferences due to urbanization in developing countries is also expected to have a positive impact on smart greenhouse market. High installation prices of the automation system and high initial investment may inhibit the growth of smart greenhouse market at a certain level in non-developed countries like the Middle East & Africa. But developed countries like Europe and North America have started adoption of this technique to address the concern of increasing population.
Based on type segment, the global smart greenhouse market has been segmented into hydroponic and non-hydroponic. Hydroponic greenhouse deals with the method of growing plants without soil. Presently, non-hydroponic smart greenhouse-dominated the global smart greenhouse market. Furthermore, the hydroponic smart greenhouse type has the highest growth perspective over the forecast period.
Browse the full "Smart Greenhouse Market (Hydroponic, Non-hydroponic) by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/smart-greenhouse-market
HVAC, LED grow light, communication technology, irrigation system, material handling, valves & pumps, control system, and others are the key technologies covered under the smart greenhouse market. LED grow light segment dominated the smart greenhouse market in 2016 in terms of as it can be used as an artificial light source to stimulate plant growth.
Europe dominated this market due to the early adoption of the smart greenhouse. Experimentation with the design of greenhouses started in the 17th century in Europe, as technology produced better glass and construction techniques for growing plants. The Netherlands has some of the largest greenhouses in the world. In Europe, greenhouses occupied 10,526 hectares or 0.25% of the total land area. The Netherlands has around 4,000 greenhouse enterprises that operate over 9,000 hectares of greenhouses and employ some 150,000 workers, producing USD 7.55 billion. Currently, around 73% of Europe population lives in urban areas and is expected reach to 80% by 2050. A major part of Europe is developed and adopted the advanced technology for different applications. Therefore, high technological development and early adoption of the smart greenhouse are expected to grow the market.
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Europe was followed by Asia Pacific and North America in 2016. The infrastructural development is growing at the rapid pace in Asia-Pacific since the past few years. Continuously growing population coupled with fast growing economies like China and India is expected to boost the smart greenhouse market in this region. According to the food and agriculture arm of the United Nations (FAO), the food production worldwide should see a 70% increase by 2050 to cater the ever growing population. The advancement in technology such as IoT could play an important role in meeting this need. IoT has the potential to monitor irrigation and productivity wherein the data gathered by IoT sensors have the ability to provide an overall performance of the crops. On July 2016, China launched modern Smart Glass Greenhouse; Strawberry Cultivation Project is located in Yaozhou. It is a 50,000 square meter structure which is a largest smart greenhouse in China. This project uses the most advanced Dutch PB irrigation system.
North America is expected to be one of the fastest growing regions for smart greenhouse market. Cannabis Science, a U.S. company specializing in the development of cannabinoid-based medications, has started work on its second 33,000 sq. ft. greenhouse pilot cannabinoid drug development and manufacturing facility in Douglas County, Nevada.
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Latin America, Middle East, and Africa are likely to have moderate growth for smart greenhouse market during the estimated five years. Shifting technological preferences coupled with increasing demand for food is expected of fuel the smart greenhouse market within the forecast period.
Key industry participants include Rough Brothers, Inc., Heliospectra AB, Terrasphere Systems, LLC, Argus Control Systems Ltd., LumiGrow Inc., Ceres Greenhouse Solutions, Hort Americas, JFE Engineering Corporation, Nexus Corporation, Logiqs B.V., Certhon, and GreenTech Agro LLC.
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This report segments the global smart greenhouse market as follows:
Global Smart Greenhouse Market: Type Segment Analysis
- Hydroponic
- Non-hydroponic
Global Smart Greenhouse Market: Technology Segment Analysis
- HVAC
- LED Grow Light
- Communication Technology
- Irrigation System
- Material Handling
- Valves & Pumps
- Control System
- Others
Global Smart Greenhouse Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East & Africa
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