Vancouver, Oct. 19, 2023 (GLOBE NEWSWIRE) -- The global Smart Greenhouse Market size is expected to reach USD 4.53 Billion in 2032 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. This steady market revenue growth can be attributed to increasing initiatives by governments to promote adoption of smart greenhouse technologies to improve crop yield and quality and rising global food demand. Increasing adoption of Controlled Environment Agriculture (CEA) practices and hydroponics to enhance crop yield, limited availability of manpower and natural resources, and rapidly changing climatic conditions are other factors expected to continue to contribute to rising deployment of smart greenhouse technologies.
Potential to maintain ideal micro-climate conditions inside smart greenhouses is boosting popularity of these techniques among small growers. Growing trend in indoor farming practices is expected to remain a key contributing factor to growth of smart greenhouse technologies in the long term. Greenhouse deployment enables growing a variety of plants regardless of season or location, and use of indoor farming practices and advancements in the field is resulting in rising demand for LED grow lights to further enhance crop quality and yield. Growers are increasingly adopting vertical farming as stack structures that hold growing plants offer better potential to optimize space and resources indoors, and the number of stacks or levels can be increased according to available space and height of the outer structure.
Request a Free Sample Copy or View Report Summary: https://www.emergenresearch.com/request-sample/717
Scope of Research
| Report Details | Outcome |
| Market size in 2020 | USD 1.54 Billion |
| CAGR (2021–2032) | 9.4% |
| Revenue forecast in 2032 | USD 4.53 Billion |
| Base year for estimation | 2020 |
| Historical data | 2018–2019 |
| Forecast period | 2021–2032 |
| Quantitative units | Revenue in Billion, revenue share (%) and CAGR (%) |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, component, end-use and region |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S., Canada, Mexico, Germany, France, U.K., BENELUX, Italy, Spain, Sweden, Rest of Europe, China, Japan, South Korea, India, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, Israel, South Africa, Rest of MEA |
| Key companies profiled | Argus Control, Certhon, Rough Brothers, GreenTech Agro LLC, Netafim, Sensaphone, Cultivar, Heliospectra AB, LumiGrow, and Desert Growing |
| Customization scope | 10 hours of free customization and expert consultation |
Check out our latest discount on report @ https://www.emergenresearch.com/request-discount/717
MAJOR COMPANIES and Competitive Landscape
The global smart greenhouse market is consolidated with a few players accounting for majority market revenue. Companies are focusing on strategic expansions into untapped markets and on research and development initiatives to develop new and enhanced smart greenhouse technologies in order to secure and maintain a robust position in the rapidly growing market. Some prominent players operating in the smart greenhouse market are:
- Argus Control
- Certhon
- Rough Brothers
- GreenTech Agro LLC
- Netafim
- Sensaphone
- Cultivar
- Heliospectra AB
- LumiGrow
- Desert Growing
Strategic development
In March 2021, Netafim, which is a specialist in precision irrigation solutions and agricultural projects, announced that it is planning to acquire Dutch turnkey greenhouse projects provider, Gakon. Netafim, which is an active player in the greenhouse market. The company is planning to expand its offerings in the production and supply of top-tier greenhouse projects in order to meet growing demand for advanced farming methods.
Buy This Premium Report Now: https://www.emergenresearch.com/select-license/717
Some Key Highlights From the Report
- In October 2019, Heliospectra AB, which is a world leader in intelligent lighting technology for greenhouse and controlled plant growth environment, entered into a partnership with Nectar farms on MITRA LED Lighting Solutions for Large Scale Glasshouse Installation in Australia.
- Hydroponics segment accounted for largest revenue share in 2020. Rising need for improving the nutritional value of plants is contributing significantly to rising demand for hydroponic farming and controlled environment agriculture practices.
- LED grow lights segment revenue is expected to expand at a rapid CAGR during the forecast period. LED grow light help growers meet their yield and sustainability goals by increasing harvests, reducing energy costs, and improving the quality and nutritional content of plants.
- Research & educational Institutes segment accounted for a significantly higher revenue share in the smart greenhouse market in 2020. Rising need to maximize profits from fruit and vegetable cultivation in the greenhouse environment is supporting increasing research activities by research and educational institutes.
- Asia Pacific registered fastest revenue share growth among other regional markets in the global smart greenhouse market in 2020. Rapidly changing climatic conditions and limited availability of natural resources are major factors projected to drive adoption of smart greenhouse technologies in countries in the region during the forecast period.
For more information about this report visit: https://www.emergenresearch.com/industry-report/smart-greenhouse-market
Emergen Research has segmented the global smart greenhouse market on the basis of type, component, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2018–2032)
- Hydroponics
- Non-hydroponics
- Component Outlook (Revenue, USD Billion; 2018–2032)
- LED Grow Lights
- HVAC System
- Sensors & Control System
- Irrigation System
- Others
- End-use Outlook (Revenue, USD Billion; 2018–2032)
- Research & Educational Institutes
- Commercial Growers
- Retail Gardens
- Others
- Regional Outlook (Revenue, USD Billion; 2018–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Spain
- Sweden
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
- North America
Curated Reports You Shouldn't Miss: Dive In Now!
Water Quality Monitoring Market By Product (Ph Meters, Conductivity sensor, TOC Analyzer, Dissolved Oxygen Analyzers, Turbidity Meter), By Application (Industrial, Laboratory, Commercial Space, Government Building), Forecasts to 2027
Anti-Reflective and Anti-Fingerprint Coatings Market By Product Type, By Technology, By Application, Forecasts to 2027
Construction Sealants Market By Resin Type, By Usage, By Product Type, By Application, By Industry Vertical, Forecasts to 2027
Plastic Waste Management Market By Polymer Type (Polyethylene, Polypropylene, LDPE, PET, PVC), By Source (Residential, Industrial, Commercial), By Service (Recycling, Energy Recovery, Landfills), By Application (Packaging, Construction, Textile, Building & Construction, and Others), and By Region, Forecasts to 2027
Water Treatment Biocides Market By Application (Oil & Gas, Mining, Municipal Water Treatment, Pulp & Paper, Swimming Pools, Power Plants), By Product Type (Non-oxidizing Biocides, Oxidizing Biocides), and By Region, Forecasts to 2027
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. For more information, visit
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Japanese Version: Smart Greenhouse Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Read our Press Release @ https://www.emergenresearch.com/press-release/global-smart-greenhouse-market
