Global Smart Greenhouse Market Poised for Rapid Growth, Expected to Reach New Heights with Substantial CAGR

Dublin, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The "Global Smart Greenhouse Market by Type (Hydroponics, Non-Hydroponics), Covering Material Type (Polycarbonate, Polyethylene), Component, Offering, End-User - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to's offering.

The global smart greenhouse market is set to experience significant growth, driven by a noteworthy Compound Annual Growth Rate (CAGR) forecasted for the coming years. Regional revenue generation has received a boost from economic growth and substantial infrastructure development.

By analyzing patterns related to domestic production, import and export, and consumption, market participants have harnessed potential opportunities. The report, complemented by qualitative and quantitative parameters including detailed analysis, unveils both driving and restraining factors shaping the market.

Market Statistics and Currency Support

The report offers market sizing and forecasts across seven major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. This multi-currency support empowers organizational leaders to make well-informed decisions. The report utilizes historical data from 2018 to 2021, considers 2022 as the base year, and estimates 2023 as well as years from 2024 to 2030 as the forecast period.

FPNV Positioning Matrix: Evaluating Market Success

The FPNV Positioning Matrix plays a pivotal role in assessing the Global Smart Greenhouse Market. It evaluates vendors comprehensively through key metrics within Business Strategy and Product Satisfaction, enabling users to make informed decisions tailored to their specific needs. This advanced analysis categorizes vendors into four quadrants—Forefront (F), Pathfinder (P), Niche (N), or Vital (V)—reflecting diverse levels of market success.

Market Share Analysis: Insight into Competitive Landscape

The Market Share Analysis offers valuable insights into the current state of vendors within a specific market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, companies gain a better understanding of their performance and competitive positioning. The analysis illuminates the competitive nature of sectors in terms of accumulation, fragmentation dominance, and amalgamation traits over the base year period.

Report Highlights:

The report provides insights into various aspects:

  • Market Penetration: Comprehensive information on the market offered by key players.
  • Market Development: In-depth information about emerging markets and penetration analysis across mature segments of the markets.
  • Market Diversification: Detailed information on new product launches, untapped geographies, recent developments, and investments.
  • Market Trends: Comprehensive understanding of the cumulative impact of COVID-19, the Russia-Ukraine Conflict, and high inflation.
  • Competitive Assessment & Intelligence: Exhaustive evaluation of market shares, strategies, products, certifications, regulatory approvals, patent landscapes, and manufacturing capabilities of leading players.
  • Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

Market Dynamics: Drivers, Restraints, Opportunities, and Challenges

The market dynamics section explores various factors influencing the market:

  • Drivers: Increasing demand owing to climate change, dwindling resources, and growing population; strong government support for smart agricultural activities; enhancement of irrigation and fertilization practices.
  • Restraints: High deployment cost of expensive systems in smart greenhouses.
  • Opportunities: Emergence of rooftop and vertical farming in urban areas; introduction of interactive devices with smart greenhouses.
  • Challenges: Complex infrastructure attributed to various components and technologies.

Companies at the Forefront of Innovation:

Leading companies contributing to the smart greenhouse market include:

  • Argus Control Systems Limited
  • Ceres Greenhouse Solutions
  • Certhon Build B.V.
  • Cultivar Ltd.
  • Desert Growing
  • Growlink, Inc.
  • Heliospectra AB
  • Netafim Ltd.
  • Nexus Corporation
  • Phonetics, Inc. d.b.a. Sensaphone
  • Prospera Technologies by Valmont Industries, Inc.
  • Pure Harvest Smart Farms, Ltd.
  • Rough Brothers, Inc.
  • Solar Impulse
  • Yanmar Holdings Co., Ltd.

Market Segmentation & Coverage:

The report categorizes the Global Smart Greenhouse Market into sub-markets for revenue forecast and trend analysis. These segments include:

  • Type: Hydroponics and Non-Hydroponics. Hydroponics is projected to witness significant market share during the forecast period.
  • Covering Material Type: Polycarbonate and Polyethylene. Polycarbonate is projected to witness significant market share during the forecast period.
  • Component: Control Systems & Sensors, HVAC Systems, and LED Grow Lights. Control Systems & Sensors is projected to witness significant market share during the forecast period.
  • Offering: Hardware and Software & Services. Software & Services is projected to witness significant market share during the forecast period.
  • End-User: Commercial Growers, Research & Educational Institutes, and Retail Gardens. Retail Gardens is projected to witness significant market share during the forecast period.
  • Region: Americas, Asia-Pacific, Europe, Middle East & Africa. Asia-Pacific is projected to witness significant market share during the forecast period.

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