DUBLIN--(BUSINESS WIRE)--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.
- 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
- High Cost of Smart Greenhouses
- Emerging Vertical Farming Technology
- Integration of Greenhouse Technologies
Key Topics Covered:
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
- Desert Growing
- Greentech Agro LLC
- International Greenhouse Company
- Nexus Corporation
- Prospera Technologies
- Pure Harvest
- Rough Brothers
For more information about this report visit https://www.researchandmarkets.com/research/xb447r/smart_greenhouse?w=4