Smart Greenhouse Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

Smart Greenhouse: Definition/Overview

  • The greenhouse automation system, also known as the smart greenhouse system, is a technical approach in which farmers located in the rural areas would get benefits by automatic monitoring and control of the environment inside a greenhouse. It replaces the direct observation and control of the human being.

Global Smart Greenhouse Market: Regional Overview

  • Europe held a major share of the global smart greenhouse market in 2018, followed by North America and the Asia Pacific. The Asia Pacific market is expected to show good growth opportunities for solution providers of the smart greenhouse during the forecast period. Digital farming as well as precision farming have been gaining popularity in several European countries and are projected to contribute to the growth of the smart greenhouse market in the region. Increased integration of advanced technologies such as HVAC controls, LED grow lights, sensor-controlled irrigation systems in greenhouses are fueling the growth of North America's smart greenhouse market.

  • The Asia Pacific smart greenhouse market is anticipated to witness significant growth during the forecast period, owing to the rising incorporation of innovative technologies in agriculture. For instance, various manufacturers are concentrating on integrating technologies such as robotic systems, GPS, and Google Earth into the present greenhouse to improve productivity.

Global Smart Greenhouse Market: Trends

  • The smart greenhouse technology provider is developing energy-efficient solutions to reduce the carbon footprint of smart greenhouse technology. Due to rising global energy concerns, various smart greenhouse providers are collaborating with noteworthy interest and solutions for adopting renewable energy-based technologies.

  • One of the finest trends in agriculture. From yield monitors to rate controllers to autopilot features, these new advances are helping farmers maximize yield and improve efficiency. The precise application of fertilizer, water, and chemicals means less input cost and less waste.

  • Rising adoption of IoT is another major factor driving the smart greenhouse market. With the increasing use of mobile devices and cloud computing, the IoT industry is growing across the globe. The growing IoT industry due to various benefits offered by IoT such as the ability to handle large amounts of structured and unstructured data format, the demand for IoT is increasing in the smart greenhouse sector.

Global Smart Greenhouse Market: Market Drivers, Opportunities, and Restraints

  • With increasing focus on smart greenhouse automation, smart greenhouse provider is adopting technologies such as IoT embedded systems, harvesting robots, automatic seed planters, cooling system, energy-saving applications, and greenhouse roof washers. They are also equipped with a touchscreen, visual and acoustic signals providing information on the wash cycle and status of the equipment, and LED display with background software are some of the new display technologies being offered by vendors.

  • These technology-specific models combine the newest which helps reduce energy and water costs, labor costs, and chemical costs. In short, advanced machines help reduce the total cost of dish machine ownership. All these factors are expected to drive the demand for smart greenhouse market.

  • However, the initial high investment might act as a restraint for the smart greenhouse market. New product development and partnerships in a smart greenhouse increase the cost of research and development. Hence, technologically advanced and equipped greenhouses are costlier than the traditional ones. This might hamper the growth of the smart greenhouse market.

Global Smart Greenhouse Market: Key Segments

The global smart greenhouse market has been segmented based on type, technology, and region.

  • Product

    • In terms of type, the global smart greenhouse market has been classified into broadcast hydroponic, and non-hydroponic

  • Technology

    • The market has been divided into HVAC, LED, material handling, grow light, communication technology, water system framework, control framework irrigation system, valves & pumps, and others

  • Region

    • Based on region, the market has been segregated into North America (U.S., Canada, Mexico, and Rest of North America), Europe (U.K., Germany, France, Russia, the Netherlands, and Rest of Europe), Asia Pacific (India, China, Japan, Australia, and Rest of Asia Pacific), Middle East & Africa (Turkey, Israel, Saudi Arabia, UAE, South Africa, and Rest of the Middle East & Africa), and South America (Brazil, Argentina, and Rest of South America)

Global Smart Greenhouse Market: Competition Landscape

  • The smart greenhouse market is fragmented due to the presence of local and established companies. There would intense competition among companies during the forecast period, due to technologically advanced solutions offered by both established and local players.

  • Key companies profiled in the smart greenhouse research report include Heliospectra AB, Rough Brothers, Inc., Certhon, LumiGrow, Argus Control Systems Ltd., Ceres Greenhouse Solutions, JFE Engineering Corporation, Nexus Corporation, GreenTech Agro LLC., and Logiqs B.V. among others

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