Smart Greenhouse Market is expected to grow at a robust CAGR of 8.04% through 2029
Global
Smart Greenhouse Market is expected to grow owing to ongoing advancements in
technology, including artificial intelligence, machine learning, and data
analytics throughout the forecast period 2025-2029
According to TechSci Research report, “Smart Greenhouse Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global Smart Greenhouse Market stood at USD 1.72 Billion in 2023 and is anticipated to grow with a CAGR of 8.04% in the forecast period, 2025-2029. The global population is steadily
growing, and with it, the demand for food is increasing. Smart greenhouses
address this challenge by providing a controlled environment where factors such
as temperature, humidity, and light can be optimized for maximum crop yields.
The ability to enhance efficiency and productivity in agriculture is a
significant driver, particularly in regions facing food security concerns.
The
integration of precision agriculture techniques within smart greenhouses
presents a significant opportunity. Advanced technologies such as sensors,
drones, and machine learning can be harnessed to collect and analyze data on
crop health, environmental conditions, and resource usage. This data-driven
approach allows for precise decision-making, leading to optimized yields,
reduced resource inputs, and improved overall efficiency.
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Smart Greenhouse Market"
The Global Smart Greenhouse Market is segmented into type, component, end user, regional distribution, and company.
Based
on type, the
Hydroponic segment is expected to dominate the market during the forecast
period. The hydroponic segment of the Global Smart Greenhouse Market is
experiencing a surge in the integration of Internet of Things (IoT) and
automation technologies. IoT sensors are employed to monitor crucial parameters
in the hydroponic environment, such as nutrient levels, pH, and water quality.
These sensors provide real-time data, enabling precise control and automation
of nutrient delivery and environmental conditions. Automation in hydroponic
systems extends beyond basic controls to include advanced features such as
robotic harvesting, automated pest control, and data-driven decision-making. AI
algorithms analyze data from hydroponic systems to optimize growing conditions,
detect anomalies, and predict potential issues. This integration of IoT and
automation not only enhances operational efficiency but also reduces the manual
labor required for managing hydroponic systems. The hydroponic segment is aligning
with the broader trends of sustainable agriculture and urban farming.
Hydroponic systems, especially when integrated into smart greenhouses,
facilitate year-round cultivation in controlled environments, independent of
external weather conditions. This is particularly beneficial for urban farming
initiatives, where space is limited, and the need for locally sourced, fresh
produce is growing. The efficient use of water in hydroponics, coupled with the
ability to recycle nutrient solutions, makes it an environmentally friendly
option compared to traditional soil-based agriculture. As urbanization
continues, the hydroponic segment is expected to play a crucial role in meeting
the demand for locally grown, sustainable produce.
Based
on end user, the Research & Educational Institutes segment is projected to
dominate the market throughout the forecast period. Research conducted by
institutions in this segment often addresses global agricultural challenges,
such as food security, resource scarcity, and climate change. Smart greenhouse
technologies developed and studied in these institutes aim to address these
challenges by improving crop yields, resource efficiency, and resilience to
changing environmental conditions. For example, research may focus on
optimizing water usage, developing climate-resilient crops, and mitigating the
environmental impact of agriculture. The findings and innovations generated by
Research & Educational Institutes are instrumental in shaping the direction
of the smart greenhouse market, ensuring that solutions align with the broader
goals of sustainable and resilient agriculture. Collaboration between Research
& Educational Institutes and industry players is a prevalent trend in the
smart greenhouse market. Joint research projects and partnerships facilitate
the transfer of knowledge from academia to industry, accelerating the
development and commercialization of advanced technologies. Industry partners
may benefit from the expertise and research capabilities of these institutions,
while research institutes gain insights into real-world challenges and industry
needs. In conclusion, the Research & Educational Institutes segment plays a
vital role in driving innovation, disseminating knowledge, and addressing global
agricultural challenges within the Global Smart Greenhouse Market. The
collaborative efforts between academia and industry contribute to the growth,
sustainability, and widespread adoption of smart greenhouse technologies.
Key
market players in the Global Smart Greenhouse Market are:
-
- Nexus
Corporation
- Argus
Control Systems Limited
- Certhon
- Rough
Brothers, Inc.
- GreenTech
Agro LLC
- Netafim
- Sensaphone
- Cultivar
Ltd.
- Heliospectra
AB
- LumiGrow
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“The
Global Smart Greenhouse Market in Asia Pacific is poised to be the dominant
force in the industry. The Asia Pacific region is home to a substantial portion
of the world's population, and as urbanization and income levels rise, the
demand for fresh and locally sourced produce is increasing. Smart greenhouses
offer a solution to address these demands by enabling year-round cultivation,
independent of external weather conditions. This is particularly crucial in
densely populated urban areas where traditional agriculture may face space
constraints.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Smart
Greenhouse Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2019-2029 Segmented By Type (Hydroponic
and Non-Hydroponic), By Component (HVAC Systems, LED Grow Lights, Irrigation
System, Valves & Pumps, Sensor & Control System and Others), By End
User (Commercial Growers, Research & Educational Institutes, Retail Gardens
and Others), By Region, and By Competition” has evaluated the future growth
potential of Global Smart Greenhouse Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Smart Greenhouse Market.
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