The Global Smart Greenhouse Market is Projected to Grow to USD 2.36 Billion by 2026, at a CAGR of 9.5% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Smart Greenhouse Market (2021-2026) by Application Type, Type, Covering Material, Offering Type, Component Type, Technologies Type, End-User Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Greenhouse Market is estimated to be USD 1.5 Bn in 2021 and is expected to reach USD 2.36 Bn by 2026, growing at a CAGR of 9.5%.

Market Dynamics

The Global Smart Greenhouse Market is driving due to the increasing adoption of advanced technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) by farmers and agriculturists. Also, growing food demand due to the increase in population, adoption of smart agricultural practices, government initiatives to develop smart farming, and adoption of indoor farming are some reasons for the growing Smart Greenhouse Market. On the other hand, considerable costs in investment and deployment of the expensive system will hamper the market growth. The absence of appropriate standards is the challenge faced by Smart Greenhouse Market.

Furthermore, rooftop farming being adopted by urban areas, increasing PPP, i.e., Public-Private Partnership helps manage the cost can be the opportunities for the market and ease of crop harvesting, and monitoring helps raise market growth.

Market Influencers

Drivers

• Increasing Adoption IoT and AI by Agriculturalists
• Government Initiative in Adopting Smart Agricultural Practices
• Rising Demand for Organic Food
• Increasing Population Growing the Need for Food
• Urban Adoption of Indoor Farming
• Ease in Crop Monitoring and Harvesting

Restraints

• Massive Cost of Investment in Adopting Expensive System
• Lack of Skilled Labour

Opportunities

• Increase Public-Private Partnership in Agricultural Sector
• Growing Rooftop Farming Trend in Urban Areas
• Adoption of Vertical Farming Technology

Challenges

• Issues in Implementing Smart Technologies
• Absence of Data Management Regulatory Standards

Market Segmentation

The Global Smart Greenhouse Market is segmented further based on Application Type, Type, Covering Material, Offering Type, Component Type, Technologies Type, End-User Type, and Geography.

By Application Type, the market is classified into Flowering Plantation, Fruit Cultivation, and Vegetable Cultivation.

By Type, the market is classified into Hydroponics and Non-hydroponics.

By Covering Material Type, the market is classified into Polyethylene, Polycarbonate, and Others.

By Offering Type, the market is classified into Hardware, Software, and Services.

By Component Type, the market is classified into Commercial Growers, Research & Educational Institute, Retail Gardens, and Others.

By Technologies Type, the market is classified into Automated Pumps, Breeding Acceleration by Computer Control, Communication Technology, HVAC, Irrigation System, Material Handling Equipment, Sensors and Cameras, and Others.

By End-User Type, the market is classified into Polyethylene, Polycarbonate, and Others.

By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Argus Control System Limited Increased Yield & Quality with Greenhouse Controls System-July 23, 2021

2. Netafim Launches Intelligent Automated Filter to Counter Degrading Water Quality-May 27, 2021

Company Profiles

• Agrowtek Inc
• Argus Control System Limited
• Atlas Manufacturing
• Beijing Fenglong Greenhouse Technology Co., Ltd
• Certhon- Greenhouse Solutions
• Cultivator Ltd
• Delta T Solution
• Desert Growing
• GreenTech Agro LLC
• Greentech India
• Growflux
• Growlink
• Heliospectra AB
• Hort Americas
• International Greenhouse Company
• JFE Engineering Corporation
• Kheyti
• KUBO Group
• Logiqs BV
• LumiGrow, Inc
• MotorLeaf
• Netafim
• Nexus Corporation
• Palram Industries
• Prospera Technologies
• Pure Harvest
• Rough Brothers, Inc
• Sensaphone
• TerraSphese System LLC
• Top Greenhouses

   

For more information about this report visit https://www.researchandmarkets.com/r/koj0e