Inkwood Research anticipates that the global smart greenhouse market is set to reach $2530.68 million by 2028, growing at a CAGR of 8.40% during the forecast period, 2021-2028.

GLOBAL SMART GREENHOUSE MARKET FORECAST 2021-2028

Global Smart Greenhouse Market by Type (Hydroponic, Non-hydroponic) by Product (Commercial Growers, Research & Educational Institutes, Retail Gardens, Others) by Component (Hvac Systems, Led Grow Lights, Irrigation Systems, Valves & Pumps, Sensor & Control Systems, Others) and by Geography

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Report Summary

Inkwood Research anticipates that the global smart greenhouse market is set to reach $2530.68 million by 2028, growing at a CAGR of 8.40% during the forecast period.
Smart Greenhouse Market

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Key market drivers for the global smart greenhouse market are:

  • Growing demand for organic food
  • Surging adoption of AI and IoT by agriculturists
    • Framers are increasingly becoming dependent on technology for daily activities. Some different technologies that help farmers execute various agriculture operations are Zigbee, wifi, low power wide area network technology, additional wireless sensor, etc. These help in planting, harvesting, and inventory control. Moreover, the use of AI and IoT provides cost-effective and optimal solutions, eliminates the need for constant monitoring of the crops, and boosts the market growth.
  • Easy monitoring and harvesting of crops

Key factors restraining market growth are:

  • High investment costs
  • Lack of government regulations
    • The shrinking amount of arable land and increased demand for food have led to indoor cultivation. With the growth in greenhouse cultivation, the number of technologies is also increasing. There are fewer users for new smart technologies, as they involve high initial capital expenses.
    • The lack of government regulations for the use of smart technologies has also resulted in the low adoption of these technologies. Companies with the required resources can use smart technologies to grow lots of crops. This could cause an excess food supply in the food sector.
  • Lack of technical professionals

The report scope of the global smart greenhouse market covers the segmentation analysis of type, product, and component.

Market by Component:

  • HVAC Systems
  • LED Grow Lights
    • LED grow lights are the dominant component in the global smart greenhouse market.
    • There is a growing demand for LED grow lights by several plant factories to increase the yield process. Furthermore, rapid growth in urban agriculture, such as greenhouses, vertical farming, fuels their demand. Also, the surging urban agriculture in developing nations such as China, India, and Japan has led to the adoption of LED lights, which boosts the market growth.
  • Irrigation Systems
  • Valves & Pumps
  • Sensor & Control Systems
  • Others

Geographically, the global smart greenhouse market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Netherlands, Belgium, Poland, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia Pacific
    • The Asia Pacific is the fastest-growing region in the global smart greenhouse market.
    • It is one of the most promising markets for the adoption of the smart greenhouse, owing to the emerging economies and growing demographics. Also, various government initiatives in emerging countries boost market growth. Furthermore, the increasing population in China and India and the rising demand for organic food from emerging countries fuel the growth of the market.
  • Rest of World: Latin America, Middle East & Africa

The major players in the global smart greenhouse market are:

  • Argus Controls
  • Certhon Cultivar
  • Netafim
  • Heliospectra AB
  • Greentech Agro LLC
  • Others

Key strategies adopted by some of these companies:

In January 2020, Certhon signed a contract with Madar Farms for UAE’s first commercial indoor farming facility. All the harvested production will be distributed locally and will be available for purchase across the UAE. In October 2019, for large-scale glasshouse installation in Australia, Heliospectra AB partnered with Nectar Farms. MITRA LED Lighting Solutions will scale up quick glasshouse tomato production for Nectar Farms.

Key findings of the global smart greenhouse market:

  • The rising public-private partnership in the agriculture sector i opportunity for market growth.
  • The demand for food security contributes to the market growth.
  • Due to the surging use of vertical space and balanced energy utilization, and rising urban population, there is a growing demand for vertical farming.

 

Frequently Asked Questions & Answers (FAQs):

  • Why do greenhouse owners consider HVAC equipment as a beneficial investment in the smart greenhouse market?

A: The rising temperature and unpredictable climatic conditions worldwide have led many greenhouse owners to consider HVAC equipment as a beneficial investment in the smart greenhouse market.

  • Why is sensor components witnessing a high growth rate in the smart greenhouse market?

A: Sensor components are witnessing a high growth rate, due to the need to monitor the quality parameters on a regular basis, which is further expected to lead to maximum crop yield optimization.

  • Why are hydroponics smart greenhouses gaining popularity in the smart greenhouse market?

A: A Hydroponics smart greenhouse can produce more nutritious eatables in less space consumption, making it popular in the smart greenhouse market.

 

Table of Contents

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    •    KEY DRIVERS
      • GROWING DEMAND FOR ORGANIC FOOD
      • SURGING ADOPTION OF AI AND IOT BY AGRICULTURISTS
      • EASY MONITORING AND HARVESTING OF CROPS
    •    KEY RESTRAINTS
      • HIGH INVESTMENT COSTS
      • LACK OF GOVERNMENT REGULATIONS
      • LACK OF TECHNICAL PROFESSIONALS
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON SMART GREENHOUSE MARKET
    • KEY INVESTMENT INSIGHTS
    •    PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY TYPE
    • HYDROPONIC
    • NON-HYDROPONIC
  3. MARKET BY PRODUCT
    • COMMERCIAL GROWERS
    • RESEARCH & EDUCATIONAL INSTITUTES
    • RETAIL GARDENS
    • OTHERS
  4. MARKET BY COMPONENT
    • HVAC SYSTEMS
    • LED GROW LIGHTS
    • IRRIGATION SYSTEMS
    • VALVES & PUMPS
    • SENSOR & CONTROL SYSTEMS
    • OTHERS
  5. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • NETHERLANDS
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •     ASIA PACIFIC
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • SINGAPORE
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •     REST OF WORLD
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA
  1. COMPETITIVE LANDSCAPE
    •    KEY STRATEGIC DEVELOPMENTS
      • MERGER & ACQUISITIONS
      • PRODUCT LAUNCH & DEVELOPMENTS
      • PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      • BUSINESS EXPANSION
    •    COMPANY PROFILES
      • ARGUS CONTROL SYSTEMS LIMITED
      • CERTHON
      • CULTIVAR LTD
      • GREENTECH AGRO LLC
      • HELIOSPECTRA AB
      • HORT AMERICAS
      • LUMIGROW
      • NETAFIM
      • ROUGH BROTHERS INC
      • SENSAPHONE
      • NEXUS
      • GREENTECH INDIA
      • PROSPERA TECHNOLOGIES
      • DELTA T SOLUTIONS
      • PURE HARVEST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – SMART GREENHOUSE

TABLE 2: GLOBAL SMART GREENHOUSE MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL SMART GREENHOUSE MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL HYDROPONIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL HYDROPONIC MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL NON-HYDROPONIC MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL NON-HYDROPONIC MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL SMART GREENHOUSE MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL SMART GREENHOUSE MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL COMMERCIAL GROWERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL COMMERCIAL GROWERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL RESEARCH & EDUCATIONAL INSTITUTES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL RESEARCH & EDUCATIONAL INSTITUTES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL RETAIL GARDENS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL RETAIL GARDENS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL SMART GREENHOUSE MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL SMART GREENHOUSE MARKET, BY COMPONENT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL HVAC SYSTEMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL HVAC SYSTEMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL LED GROW LIGHTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL LED GROW LIGHTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL IRRIGATION SYSTEMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL IRRIGATION SYSTEMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: GLOBAL VALVES & PUMPS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL VALVES & PUMPS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: GLOBAL SENSOR & CONTROL SYSTEMS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: GLOBAL SENSOR & CONTROL SYSTEMS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 30: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 32: GLOBAL SMART GREENHOUSE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 33: GLOBAL SMART GREENHOUSE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 34: NORTH AMERICA SMART GREENHOUSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 35: NORTH AMERICA SMART GREENHOUSE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 36: LEADING PLAYERS OPERATING IN NORTH AMERICA SMART GREENHOUSE MARKET

TABLE 37: EUROPE SMART GREENHOUSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 38: EUROPE SMART GREENHOUSE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 39: LEADING PLAYERS OPERATING IN EUROPE SMART GREENHOUSE MARKET

TABLE 40: ASIA PACIFIC SMART GREENHOUSE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 41: ASIA PACIFIC SMART GREENHOUSE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 42: LEADING PLAYERS OPERATING IN ASIA PACIFIC SMART GREENHOUSE MARKET

TABLE 43: REST OF WORLD SMART GREENHOUSE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 44: REST OF WORLD SMART GREENHOUSE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 45: LEADING PLAYERS OPERATING IN REST OF THE WORLD SMART GREENHOUSE MARKET

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL SMART GREENHOUSE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

FIGURE 6: GLOBAL SMART GREENHOUSE MARKET, BY HYDROPONIC, 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL SMART GREENHOUSE MARKET, BY NON-HYDROPONIC, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL SMART GREENHOUSE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020

FIGURE 9: GLOBAL SMART GREENHOUSE MARKET, BY COMMERCIAL GROWERS, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL SMART GREENHOUSE MARKET, BY RESEARCH & EDUCATIONAL INSTITUTES, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL SMART GREENHOUSE MARKET, BY RETAIL GARDENS, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL SMART GREENHOUSE MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL SMART GREENHOUSE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020

FIGURE 14: GLOBAL SMART GREENHOUSE MARKET, BY HVAC SYSTEMS, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL SMART GREENHOUSE MARKET, BY LED GROW LIGHTS, 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL SMART GREENHOUSE MARKET, BY IRRIGATION SYSTEMS, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL SMART GREENHOUSE MARKET, BY VALVES & PUMPS, 2021-2028 (IN $ MILLION)

FIGURE 18: GLOBAL SMART GREENHOUSE MARKET, BY SENSOR & CONTROL SYSTEMS, 2021-2028 (IN $ MILLION)

FIGURE 19: GLOBAL SMART GREENHOUSE MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA SMART GREENHOUSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 21: UNITED STATES SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: CANADA SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: EUROPE SMART GREENHOUSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 24: UNITED KINGDOM SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: GERMANY SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: FRANCE SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: ITALY SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: NETHERLANDS SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: BELGIUM SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: POLAND SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: ASIA PACIFIC SMART GREENHOUSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 33: CHINA SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: JAPAN SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: INDIA SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: SOUTH KOREA SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: SINGAPORE SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: AUSTRALIA & NEW ZEALAND SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: REST OF ASIA PACIFIC SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: REST OF WORLD SMART GREENHOUSE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 41: LATIN AMERICA SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 42: MIDDLE EAST & AFRICA SMART GREENHOUSE MARKET, 2021-2028 (IN $ MILLION)

Segmentation

  1. MARKET BY TYPE
    • HYDROPONIC
    • NON-HYDROPONIC
  2. MARKET BY PRODUCT
    • COMMERCIAL GROWERS
    • RESEARCH & EDUCATIONAL INSTITUTES
    • RETAIL GARDENS
    • OTHERS
  3. MARKET BY COMPONENT
    • HVAC SYSTEMS
    • LED GROW LIGHTS
    • IRRIGATION SYSTEMS
    • VALVES & PUMPS
    • SENSOR & CONTROL SYSTEMS
    • OTHERS
  4. GEOGRAPHICAL ANALYSIS
    •    NORTH AMERICA
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    •     EUROPE
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • NETHERLANDS
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    •     ASIA PACIFIC
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • SINGAPORE
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    •     REST OF WORLD
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      •    REGIONAL ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST & AFRICA

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