Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) -- The "Smart Greenhouse Market by Type, Offering, End User, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global smart greenhouse market reached a valuation of $1.74 billion in 2022 and is projected to grow to $3.23 billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 9.60% during the period from 2023 to 2028.
Smart Greenhouse and Its Significance:
A smart greenhouse combines traditional greenhouse structures with advanced sensor and communication systems. It continuously monitors and collects data on environmental conditions and crop health, using this data to optimize growing conditions for crops automatically. The goal is to improve crop yield, resource efficiency, and overall productivity while minimizing human intervention. Smart greenhouses offer an innovative solution to the challenges of modern agriculture, supporting sustainable and efficient food production.
Market Trends:
The global smart greenhouse market is driven by several key trends:
- Rising Consumer Demand for Organic Food: Consumer preferences for organic and sustainably grown food products are increasing, driving the adoption of smart greenhouse technology.
- Vertical Farming Technology: Vertical farming is becoming more prevalent, especially in urban areas, as it allows for efficient use of space and resources. Smart greenhouses are a key component of vertical farming.
- Government Support: Governments worldwide are introducing initiatives to promote smart agricultural practices due to increasing food demand, limited arable land, and water scarcity concerns.
- Technological Advancements: The integration of technologies like the Internet of Things (IoT) and artificial intelligence (AI) in agriculture is driving the adoption of smart greenhouses.
- Environmental Concerns: Growing environmental awareness is leading to increased interest in sustainable farming practices, which smart greenhouses support.
Market Segmentation:
The global smart greenhouse market is segmented as follows:
- Type: Hydroponic and Non-Hydroponic. Hydroponic smart greenhouses represent the largest segment.
- Offering: Hardware (including HVAC systems, LED grow lights, irrigation systems, sensors, and control systems) and Software and Services.
- End User: Commercial Growers, Research and Educational Institutes, Retail Gardens, and Others.
Competitive Landscape:
- Argus Control Systems Limited (Conviron)
- Certhon
- Heliospectra AB
- Netafim (Orbia)
- Sensaphone
The report has also provided a comprehensive analysis of the competitive landscape in the global smart greenhouse market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Argus Control Systems Limited (Conviron), Certhon, Heliospectra AB, Netafim (Orbia), Sensaphone, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global smart greenhouse market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global smart greenhouse market?
- What is the impact of each driver, restraint, and opportunity on the global smart greenhouse market?
- What are the key regional markets?
- Which countries represent the most attractive smart greenhouse market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the smart greenhouse market?
- What is the breakup of the market based on the offering?
- Which is the most attractive offering in the smart greenhouse market?
- What is the breakup of the market based on end user?
- Which is the most attractive end user in the smart greenhouse market?
- What is the competitive structure of the global smart greenhouse market?
- Who are the key players/companies in the global smart greenhouse market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $1.74 Billion |
| Forecasted Market Value (USD) by 2028 | $3.23 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/5l3pm4
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