Dublin, April 02, 2024 (GLOBE NEWSWIRE) -- The "Smart Greenhouse - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Smart Greenhouse estimated at US$1.9 Billion in the year 2023, is projected to reach a revised size of US$3.6 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2023-2030.
Smart Greenhouse Hardware, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Software & Services segment is estimated at 10.4% CAGR for the next 8-year period.
The Smart Greenhouse market in the U.S. is estimated at US$442.7 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$363 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.
Key Market Trends & Drivers
- AgTech Emerges as New Buzzword in Agricultural Industry
- Myriad Benefits of Smart Greenhouses to Propel Market Gains
- Growing Adoption of IoT Presents Vast Opportunities for the Smart Greenhouse Market
- Developments in Artificial Intelligence (AI) Encourage Growth in Greenhouse Industry
- Surging Demand for Food from World's Expanding Population Spurs Adoption of Advanced Farming Techniques, Driving Market Growth
- Climate Change Compounds Food Security Concerns
- Market Poised to Benefit from the Rising Consumption of Organic Foods & Resultant Rise in Organic Farmland
- Vertical Farming Technology's Growing Popularity to Fuel Smart Greenhouse Market Growth
- Rising Adoption of Indoor/Rooftop Farming in Urban Locations: Potential for Smart Greenhouses
- Smart Greenhouses Support the Transition towards Precision Farming
- HVAC and LED: Prominent Smart Greenhouse Technologies
- LED Grows Emerge as the Preferred Medium of Lighting in Smart Greenhouses
- High-Tech Greenhouses to be the Future of Agriculture
- Automated Greenhouse: The Ultimate Objective
- Students Develop a New Intelligent Greenhouse
- Challenges Facing Smart Greenhouse Market
The report features profiles of 200+ featured companies. A selection of companies in the report includes:
- Agrify Corporation
- Aerofarms LLC
- Agra Tech, Inc.
- Agri Plast Tech India Pvt., Ltd.
- Agrilution GmbH
- American Hydroponics
- 4D Bios Inc.
- AEssense Grows
- Agrinamics Corporation
- Alesca Life Technologies Limited
- Babylon Micro-Farms Inc.
- AFFINOR Growers
- Angel Energy LLC
- Agritecture
- Agrowtek
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Smart Agriculture Transforming Traditional Farming
- An Introduction to Smart Greenhouse
- Technologies Used in Smart Greenhouses
- Hydroponic and Non-Hydroponic Greenhouses
- Benefits of Smart Greenhouse System
- Global Market Prospects & Outlook
- Hydroponics Leads the Smart Greenhouses Market
- Europe: The Leading Regional Market
- Competition
- Smart Greenhouse - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Adoption of IoT in Agriculture Presents Growth Opportunities for Smart Greenhouse Market: Global Agricultural IoT Market (In US$ Billion) for the Years 2020, 2023 & 2026
- Artificial Intelligence (AI) in Agriculture Worldwide (In US$ Million) for the Years 2020, 2023 and 2026
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050 and 2100
- Food Demand Growth Worldwide: Demand Growth in Million Tonnes for Select Foods for the Period 2008-2017 and 2018-2027
- Global Organic Foods and Beverages Market (in US$ Billion) by Geographic Region for 2020 and 2027
- Global Vertical Farming Market Size (in US$ Million) by Geographic Region for 2020 and 2027
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Rest of World
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/gqf848
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