The latest market information report, titled Global smart greenhouse market, is intended to provide the target audience with necessary information about the global Smart Greenhouse industry. The report entails a detailed analysis of the vital elements of the Smart Greenhouse market, including key drivers, restraints, opportunities, limitations, threats, and micro and macroeconomic factors. The report carefully examines the current market scenario and fundamental growth prospects. The report includes an organized database of Smart Greenhouse market dynamics that helps market analysts to estimate the growth rate of the global market over the projected period. Hence, the report, published by Emergen Research, is a detailed compilation of the crucial aspects of the Smart Greenhouse market, including the product offerings of major players, wide range of applications of these products, major market segments, the main competitors in the market. , their company profiles, pricing strategies, production capabilities, revenue generation programs, technological advancements and many more.
The Global smart greenhouse market the size is expected to reach USD 3.16 billion in 2028 and register a stable CAGR during the forecast period, according to the latest analysis from Emergen Research. The steady growth in market income can be attributed to rapid urbanization, climate change, global population growth and increased food demand. Growing awareness among farmers about the benefits of automatic greenhouse environment monitoring and control has led to the increasing adoption of smarter greenhouse automation systems and techniques in the recent past. The limited availability of arable land in both developed and developing countries is also driving the deployment of smart greenhouses to increase crop yield to meet the growing demand for food. Technological advancements make it easier to wirelessly control and monitor multiple greenhouses using the Internet of Things (IoT) from a central location.
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Some highlights of the report
- In July 2020, Netafim USA enhanced its digital agriculture solutions offering with the addition of Sentek’s industry-leading soil sensor technology. The agreement is expected to help integrate Netafim’s automated irrigation control, fertigation and crop protection solutions with industry-leading precision soil moisture management technologies.
- The hydroponics segment accounted for the largest share of revenue in 2020. Adverse weather conditions and the growing need to feed a growing population have led to an increasing use of hydroponics technology to alleviate the impending food shortage.
- Revenue from the LED grow light segment is expected to grow at a rapid CAGR during the forecast period. The increasing use of automated LED lighting in greenhouses reduces electricity bills, provides supplemental lighting without increasing electrical infrastructure, and improves plant performance and ability to meet growth schedules throughout the life of the plant. ‘year.
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Smart Greenhouse Market Segmentation
Emergen Research has segmented the global smart greenhouse market based on type, component, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2018-2028)
- Not hydroponic
- Components Outlook (Revenue, USD Billion; 2018-2028)
- led grow lights
- HVAC system
- Sensors and control system
- Irrigation system
- End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Research and educational institutes
- Commercial producers
- Retail gardens
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- Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- The rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of MEA
- North America
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The report also studies the leading companies of the Smart Greenhouse Market along with the analysis of their business strategies, merger and acquisition activities, investment plans, product portfolio, financial status, gross profit margin, and abilities. of production and manufacturing.
Some key players analyzed in the report are:
Argus Control, Certhon, Rough Brothers, GreenTech Agro LLC, Netafim, Sensaphone, Cultivar, Heliospectra AB, LumiGrow and Desert Growing.
Key questions answered by the report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements in the market?
What are the key strategies adopted by the leading players in the Smart Greenhouse market?
What are the major product types and applications of Smart Greenhouse industry?
What is the result of the SWOT analysis and Porter’s five forces analysis?
How is the Competitive Landscape of the Smart Greenhouse Market?
Who are the major players in the industry?
What is the growth rate of the industry in the coming years?
What will be the valuation of the smart greenhouse market by 2028?
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