Smart Greenhouse Market – Growth, Trends, and Forecast (2024 to 2030)

Smart Greenhouse Market was valued at US$ 2.10 Bn. in 2023. The Global Smart Greenhouse Market size is estimated to grow at a CAGR of 9.4% over the forecast period.
Smart Greenhouse Market Overview:
The report explores the Smart Greenhouse market's segments (Type, component, End User and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Smart Greenhouse market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Smart Greenhouse market's contemporary competitive scenario.To know about the Research Methodology:- Request Free Sample Report
Smart Greenhouse Market Dynamics:
Growing Adoption of Smart Greenhouse across the Globe:

A smart greenhouse is an agricultural revolution of creating a self-regulating microclimate that will be suitable for growing plants through the use of sensors, actuators, monitoring, and control systems that can optimize the growing conditions and automate the growing process. Greenhouse provides a controlled environment for the customization of the vegetation that needs to be cultivated inside. The smart greenhouse has equipped with modern sensors and communication technologies that can automatically capture and deliver information 24/7 on the crop.

The data which is collected from these sensors and communication technologies is fed into the Internet of Things (IoT). Platforms where analytical algorithms convert into actionable intelligence for identifying the bottlenecks. Continuous data monitoring provides the development of predictive models for identifying crop diseases and infection risks. By gathering information about a crop, a smart greenhouse allows the cultivators to reduce labor work and increase the efficiency of resources and the uses of chemicals while optimizing the yield rate. The micro-suppressors and sensors are used to perform different functions like controlling temperature and irrigation systems. Any type of fruit, plant, and vegetable can be grown at any time of the year in a smart greenhouse. This system is low cost and increases the efficiency and versatility of the greenhouse. These smart greenhouses are raising the adoption of indoor farming, and the increasing number of government initiatives are the major drivers of the growing market.

High Installation and Maintenance Cost:

The smart greenhouse concept may give many advantages to the cultivator, but the investment of high cost is owing to the deployment of expensive systems is restraining the market growth. Also, there is a global rise in vertical farming technology, which is an energy-intensive system of cultivating crops that involves a combination of multiple technologies like big data analysis, robotics, the Internet of Things, artificial intelligence, etc. To improve the efficiency of crop growth. Smart greenhouses require the deployment of expensive systems such as HVAC, control systems, LED grow lights, and sensors. LED grow light unit contains an array of LEDs which is specially designed for the application of smart greenhouse. LED grow lights are expensive and an important part of a smart greenhouse. The units contain different types of LED lights, which differ in terms of wattage and wavelengths, which are required for providing the required light for the specific plant species. Thus, this expansive lighting system is a restraining factor that delays the incorporation of LED technology for smart greenhouses.

Growing Adoption of Rooftop Farming:

The immersing practices of rooftop cultivation have become a current trend across the world. It is the practice of cultivating vegetables, fruits, and flowers on the rooftop of a building known as rooftop farming. This farming requires green roofs, hydroponics, and an aeroponics system. This technique of farming is mostly adopted in urban areas due to the scarcity of arable land. Mostly, the rooftops of high-rise buildings are used for the development of rooftop farms. These farms hold rainwater, reduced pests and human interference in crop cultivation, and provide good quality air present. All these factors are creating the upcoming opportunity for the growth of rooftop farming which will significantly increase the smart greenhouse market.

Absence of Standard Industry Rules and Regulations:

Industry-standard is absent for the management of farm data. The data which is obtained from the systems which are present in the smart greenhouse is of high importance as it has micro-suppressors and sensors that are used to perform different functions like controlling temperature and irrigation systems. Any type of fruit, plant, and vegetable can be grown at any time of the year in a smart greenhouse. These data are used for making a productive decision required for the cultivation of a particular crop, these data must be stored and managed properly as the successful and smart farming technique depends on this data for evaluating the condition of the farm. To improve the decisions which are taken for the proper farm operation. It is important to manage the data properly. Also, many farmers and cultivators are not aware of the effective use of this data for effective decision-making. Hence, it has become a challenge to provide proper knowledge to the farmers and cultivators about data management of tools and techniques so that they can be used effectively.

Smart Greenhouse Market Trends:

Green Houses are equipped with microsensors and communication technologies that are used in recording data. The data which is collected from these sensors and communication technologies is fed into the Internet of Things (IoT). Platforms where analytical algorithms convert into actionable intelligence for identifying the bottlenecks. Continuous data monitoring provides the development of predictive models for identifying crop diseases and infection risks. HVAC and LED grow lighting operators are used for controlling crops properly. Rooftop cultivation has become a current trend across the world. Rooftop farming is a technique of farming is mostly adopted in urban areas due to the scarcity of arable land. All these are increasing the demands for the Smart Greenhouse Market.
Smart Greenhouse Market Segment Analysis:
Based on Type, the Smart Greenhouse Market is segmented into Hydroponic and Non-Hydroponic. The hydroponics segment of the market holds the maximum number of shares because hydroponics is a technique in which the plants are grown in a nutrient solution rather than in growing in soil. With this emerging new technology, the plants can be hung into the water with the help of a specially constructed bench that includes a container or trough. As a result, there is a significant rise in the growth of the hydroponic segment in the smart greenhouse market.

Based on Application, the Power Amplifier Market is segmented into HVAC Systems, Irrigation Systems, Controlling systems, LED Grow Lights, and Others. The LED Grow Lights hold the maximum market share of the Smart Greenhouse Market as Smart greenhouses require the deployment of expensive systems such as HVAC, control systems, LED grow lights, and sensors. LED grow light unit contains an array of LEDs which is specially designed for the application of smart greenhouse. LED grow lights are expensive and an important part of a smart greenhouse. The units contain different types of LED lights, which differ in terms of wattage and wavelengths, which are required for providing the required light for the specific plant species.
Smart Greenhouse Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 60% in 2023. In the Asia-Pacific region, the agriculture sector has remained the major backbone of the Indian economy since it includes 65% of countries workforce. Since engaging a largescale market for the farming-based country, India also earns huge profits by exporting large varieties of food products across the world. The government of India is also promoting agricultural activities by providing the farmer's easy access able loans and different agricultural incentives, and the government also organizes some agricultural programs for increasing the yield of crops. However, India's agricultural sector is climate-based with very less penetration of technology.

China is considered a highly populated country with a population of 1.5 billion as of 2023. The agricultural sector has been a major economic activity of the country. China, with feeding the local population, also serves major international markets. The Chinese government is promoting modernization in the agricultural sector. The rest of Asia-Pacific countries, like Australia and other, contributes major agricultural accounts. Hence, the Asia-Pacific region is the maximum shareholding region.

The North American region is expected to witness significant growth at a CAGR of 9.4% through the forecast period. Increasing Modernization and urbanization are leading to decreased arable land. This is leading to the growth of the Smart Greenhouse Market in the North American Region.

The objective of the report is to present a comprehensive analysis of the global Smart Greenhouse Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Smart Greenhouse Market dynamic and structure by analyzing the market segments and projecting the Smart Greenhouse Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Smart Greenhouse Market make the report investor’s guide.
Smart Greenhouse Market Scope: Inquire before buying



Smart Greenhouse  Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 2.10 Bn.


Forecast Period 2024 to 2030 CAGR:
9.4%
Market Size in 2030:
US $ 3.93 Bn.


 Segments Covered:
by Type
Hydroponic
Non-Hydroponic


by Component
HVAC Systems
Irrigation Systems
Control System
LED Grow Light


by End User
Commercial Growers
Research & Educational Institutes
Retail Gardens
Others



Smart Greenhouse Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Smart Greenhouse Market Key Players are:
1. Heliospectra AB
2. Postscapes
3. Lumiglow Limited
4. Certhon
5. Hort Americas
6. Sensaphone
7. Cultivar Ltd.
8. Desert Growing
9. Kubo
10. Agrowtek Inc.
11. Argus’s control sty’s ltd
12. Netafim
13. Rough Brothers, Inc.
14. Lumigrow
15. Unilever
16. Coty
17. Jahwa
18. 3M
Frequently Asked Questions:
1) What is the CAGR at which the Smart Greenhouse Market is growing?
Ans: The Global Smart Greenhouse Market size is estimated to grow at a CAGR of 9.4 % over the forecast period.

2) What are the major key players of the Smart Greenhouse Market?
Ans: Postscapes, Lumiglow Limited, Certhon, Hort Americas, Sensaphone, Cultivar Ltd., Desert Growing, Kubo, Agrowtek Inc., Argus’s control sty’s ltd, Netafim, and Rough Brothers, Inc.

3) What are the factors that are driving the Smart Greenhouse Market?
Ans: The micro-suppressors and sensors are used to perform different functions like controlling temperature and irrigation systems. Any type of fruit, plant, and vegetable can be grown at any time of the year in a smart greenhouse. This system is low cost and increases the efficiency and versatility of the greenhouse. These smart greenhouses are raising the adoption of indoor farming, and the increasing number of government initiatives are the major drivers of the growing market.

4) Which region is dominating the market with maximum shares?
Ans: Asia Pacific region held the largest market share accounting for 60% in 2023. In the Asia-Pacific region, the agriculture sector has remained the major backbone of the Indian economy since it includes 65% of countries workforce. Since engaging a largescale market for the farming-based country, India also earns huge profits by exporting large varieties of food products across the world. The government of India is also promoting agricultural activities by providing the farmer's easy access able loans and different agricultural incentives, and the government also organizes some agricultural programs for increasing the yield of crops.

5) Which segment of the types has the largest market shares?
Ans: The Smart Greenhouse Market is segmented into Hydroponic and Non-Hydroponic. The hydroponics segment of the market holds the maximum number of shares because hydroponics is a technique in which the plants are grown in a nutrient solution rather than in growing in soil. With this emerging new technology, the plants can be hung into the water with the help of a specially constructed bench that includes a container or trough. Hence, there is a significant rise in the growth of the hydroponic segment in the smart greenhouse market.