Smart Greenhouse (Hydroponic and Non-hydroponic) Market 2018-2023 - Focus on HVAC, LED Grow Light, Irrigation System, Material Handling, Valves, Control System, and Sensor & Camera - ResearchAndMarkets.com

DUBLIN--()--The "Smart Greenhouse Market by Type (Hydroponic and Non-hydroponic), Technology (HVAC, LED Grow Light, Irrigation System, Material Handling, Valves, Control System, and Sensor & Camera), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The smart greenhouse market is expected to grow from USD 1.26 billion in 2018 to USD 2.28 billion by 2023, at a CAGR of 12.6% between 2018 and 2023.

The key factors driving the growth of the market include favorable government regulations and incentives pertaining to smart greenhouse lighting technology, high demand for food due to enormously growing population, and trend for indoor farming due to changing consumer preferences.

Smart greenhouse market players also have various opportunities including the emerging vertical farming technology and need for energy-efficient lighting technology. However, the integration of various smart greenhouse technologies such as lighting, HVAC, control, and irrigation systems, valves, and many others, and high cost of smart greenhouse system are inhibiting the growth of the smart greenhouse market.

Market Dynamics

Drivers

  • Trend of Indoor Farming Due to Changing Consumer Preferences
  • High Demand for Food Due to Enormously Growing Population
  • Favorable Government Regulations and Incentives Pertaining to Smart Greenhouse Lighting Technology

Restraints

  • High Cost of Smart Greenhouses

Opportunities

  • Emerging Vertical Farming Technology

Challenges

  • Integration of Greenhouse Technologies

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Smart Greenhouse Market, By Type

7 Smart Greenhouse Market, By Technology

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

  • Argus Control Systems
  • Certhon
  • Cultivar
  • Desert Growing
  • Greentech Agro LLC
  • Growlink
  • Heliospectra
  • International Greenhouse Company
  • Kheyti
  • Logiqs
  • Lumigrow
  • Motorleaf
  • Netafim
  • Nexus Corporation
  • Prospera Technologies
  • Pure Harvest
  • Rough Brothers
  • Sensaphone

For more information about this report visit https://www.researchandmarkets.com/research/xb447r/smart_greenhouse?w=4

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Related Topics: Agricultural Machinery and Equipment

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Agricultural Machinery and Equipment