smart greenhouse market

As with technological advancements heading towards automation, levering IoT farming practices such as greenhouse farming that provided better yield of crops through the control of environmental parameters by manual intervention resulted in production loss, labor cost, and energy loss are heading towards the smart greenhouse that eliminates the need for manual intervention and provides the cost-effective and optimal solution to the stakeholders and Thereby foster the growth of the market. Sales generated, revenue netted, and market share captured by each regional market. *Taxes/Fees, if applicable will be added during checkout. Smart greenhouse is a concept of greenhouse that cultivates crops without human intervention. Crops grow without adjustment of climate or any human interference by any means for a particular period in a smart greenhouse. Increase in popularity of organic food across the globe and surge in adoption of IoT and artificial intelligence by farmers and agriculturists drive the Smart Greenhouse market growth. Smart greenhouse is a concept of greenhouse that cultivates crops without human intervention. The Smart Greenhouse Market is Projected to Reach USD 2.1 … Smart Greenhouse - Comprehensive Study by Type (Hydroponic, Non-Hydroponic), Application (Vegetables, Flowers & Ornamentals, Fruit plants, Nursery crops, Others), Technology (HVAC Systems, LED Grow Lights, Irrigation Systems, Material Handling Equipment, Valves & Pumps, Control Systems, Sensors and Cameras, Other), Component (Hardware, Software, Services) Players and Region - Global Market … Smart Greenhouse Market is anticipated to reach USD XX.X MN by 2026, this market report provides the growth, trends, key players & forecast of the market based on in-depth research by industry experts. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global smart greenhouse market share. Market Dynamics. 7.68% CAGR, Smart Greenhouse Market, Size, Outlook 2019 to 2026 Categorizes the Global Market by Type, By Application and by Region - Industry Analysis, Size, … Global Smart Greenhouse Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application Report ID: … T&C*. Dublin, Aug. 11, 2020 (GLOBE NEWSWIRE) -- The "Smart Greenhouse Market By Type, Component, and End User: Global Opportunity Analysis and … DID YOU MISS ANYTHING? In addition, ease of crop monitoring and harvesting fuels the market growth. Connected technologies such as Wi-Fi, Zigbee, additional wireless sensor, and low power wide area network technology are some of the different technologies that help farmers to efficiently execute different agriculture operations such as harvesting, purchasing, planting and inventory control. Write us on help@alliedmarketresearch.com, Sales related queries? Smart greenhouse uses various microprocessors and sensors to perform functions such as controlling temperature and irrigation system. However, high investment costs owing to deployment of expensive systems in smart greenhouses hamper the growth of the market. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. Write us on911@alliedmarketresearch.com, Looking for media contact? However, LED growing lights are relatively expensive and have greater up-front cost than most of the other lighting alternatives but as LEDs continue to be adopted in masses it is expected that it will eventually result in the reduction of cost in near future and Hence drive the growth to the market. The Smart Greenhouse Market is segmented by Type (Hydroponic and Non-Hydroponic), Technology (LED Grow Light, HVAC, Material Handling, Control System, Sensors and Cameras, Valves and Pumps, and Irrigation System), and Geography. Start reading instantly.This title and over 12,000+ are available on the Avenue Library. According to Verified Market Research, The Global Smart Greenhouse Market was valued at USD 0.98 Billion in 2018 and is projected to reach USD 2.46 Billion by 2026, growing at a CAGR of 12.11% from 2018 to 2026.. For instance, in July 2019, AeroFarms invested $100m in a Series E funding round. The key growth strategies of Smart Greenhouse market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations. August 2019- LumiGrow announced the launch of TopLight Hybrid Smart fixture, The Toplight Hybrid model is focused on delivering the growth while ensuring less energy bill, It features light with an output power of 1650 µmol/s and is IP67 certified. In the current era, agriculture growth is considered to one the core component that can directly influence the economic growth of a country as it provides means for revenue by the production of food and raw materials which thereby counts as a primary source for imports and exports. The "Smart Greenhouse Market By Type, Component, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.. Additional factors such as recent growth in population lead to higher demand for smart greenhouse in near future. Country-level assessment. Competitive Analysis (Benefits): A competitive analysis is a strategy where we identify major competitors and research their products, sales, and marketing strategies. The key players profiled in the report include Argus Controls, Certhon, Cultivar, Greentech Agro LLC, Heliospectra AB, Hort Americas, Lumigrow Inc., Netafim, Rough Brothers and Sensaphone. Get insights on topics that are crucial for your business. With increasing focus on smart greenhouse automation, smart greenhouse provider is adopting technologies such as IoT embedded systems, harvesting robots, automatic seed planters, cooling system, energy-saving applications, and greenhouse roof washers. 4.5.2 Bargaining Power of Buyers/Consumers, 4.6 Assessment of COVID-19 impact on the industry, 7. Download Free Sample Now According to the analysts at Zion Market Research, the global smart greenhouse market was capitalized at almost USD 680.3 Million in 2016 and is likely to cross almost USD 1.31 Billion by end of 2022, … The smart greenhouse market is segmented on the basis of type, component, end user, and region. 2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025. The Smart Greenhouse market is expected to register a CAGR of 10% over the forecast period, 2021 - 2026. Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry. Crops grow without adjustment of climate or any human interference by any means for a particular period in a smart greenhouse. By component, it is divided into HVAC Systems, LED grow lights, irrigation system, valves & pumps, sensor & control system, and others. Market for smart greenhouse is segmented on basis of technology and region. The report covers the market landscape and its growth prospects over the coming years. Moreover, increase in population leads to rise in demand–supply gap for food. As Global economy heads towards major recession post 2009 crisis, Cognitive Market Research has published a recent study which meticulously studies impact of this crisis on Global Smart Greenhouse market and suggests possible measures to curtail them. The temperature, humidity, light intensity, soil temperature, moisture content, and other functions are automatic control system based on an intelligent controller. The MITRA LED lighting is a modular LED system that is designed to cater the needs of cannabis and vine crops and offers an efficacy up to 2.9µmol/J. The competition is intensifying, hence the companies are more focusing on product development and technological advancements and strategic collaborations with local vendors in order to capitalize on the market. This investment is expected to allow the U.S. based company to expand its indoor farms and discover the new type of produce. Smart Agriculture Smart Greenhouse market segments covered in the report: Regional fragmentation: North America, Europe, Asia-Pacific, South America, Middle East and Africa. Smart Greenhouse Market Target Audience: Smart greenhouse uses various microprocessors and sensors to perform functions like controlling temperature and irrigation system. Report scope can be customized per your requirements. “Smart greenhouse market in APAC to grow at a high rate in the coming years” The growing population is a driving factor behind the rising adoption of greenhouse automation technologies in APAC. SMART GREENHOUSE MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION)TABLE 22.U.S. Also, The Initiatives such as Agricultural European Innovation Partnership (EIP-AGRI) founded in 2012, work to foster the sustainability of farming with a strategy to achieve more from less and help to contribute a steady supply of food. Pandemic disrupted the entire world and affected many industries. Framers growing crops are increasingly becoming dependent on technology for day-to-day activities. OMR recently published new report titled " Smart Greenhouse Market - global trends, market share, industry size, growth, opportunities, and market forecast - 2019-2025" to its portfolio. © 2020. Get detailed COVID-19 impact analysis on the Smart Greenhouse Market. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry. However, the non-hydroponics segment is expected to grow at the highest rate during the forecast period, owing to its environment-friendly nature and surge in adoption of non-hydroponics greenhouse by various key players. The "Smart Greenhouse Market by Type (Hydroponics and Non-Hydroponics), Covering Material Type (Polyethylene, Polycarbonate, and Others), Offering (Hardware and Software & Services), Component, Cultivation, End User, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.. In addition, the growth of the greenhouse market is driven by factors such as rise in trend of using organic foods, optimum use of vertical space, and minimal impact of weather on yield. For instance, In March 2020, Heliospectra AB, an intelligent lighting technology provider for greenhouse announced its projected supported by EU funds and European Innovation Partnership (EIP) called method for biotic stress detection in horticultural production. The region is experiencing a steady increase in greenhouse potential owing to the increase of area under protected cultivation that is estimated to be 175000 ha with about 4.5% increase from 2005 to 2013 and the increase of the Mediterranean region of about 12000 ha. Furthermore, increase in adoption of IoT and artificial intelligence by farmers help them to monitor the crop field and automate the irrigation process. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market. Due to this approach, 1,163 unique respondents completed a total of 2,000 of these surveys. It is equipped with an optical sensor that measures incoming light on a canopy level in a greenhouse environment. Rapid Development Of Infrastructure To Boost Smart Greenhouse Market In Asia Pacific. INTRODUCTION: Smart Greenhouse Market . The Global Smart Greenhouse market is expected to reach $2.34 billion by 2026 growing at a CAGR of 11.2% from 2018 to 2026. Stay abreast of your interest areas. Thus, the need for alternative farming techniques such as smart greenhouse is expected to grow in the near future. Impact of Covid 19 on the IoT Based Smart Greenhouse market in 2020 in depth research on prices , stocks , volume and growth , latest news and results , expansion plan , current business strategy , key company , sales , revenue and competition , production and consumption , supply and demand , industry and business studies , impact of Covid 19 buyers and sellers and forecast for 2020 – 2025 This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. A. The global smart greenhouse market has the potential to grow with USD 3.38 billion and with an average CAGR in the forecast period from 2020-2027. Smart greenhouse is a concept of greenhouse that cultivates crops without human intervention. This report on Smart Greenhouse Irrigation System market Added by Market Study Report, LLC, covers valuable insights based on market valuation, market size, revenue forecast, SWOT Analysis and regional outlook of this industry Report Includes: 125 Pages; Market forecast (We expect the “smart” automated portion of the greenhouse market to make up x.xx% of the Global Greenhouse market by 2023 - Total size of the greenhouse smart product market will be x.xxB by 2023 with a Global smart greenhouse market is expected to reach USD 1,312.2 million by 2022, growing at a CAGR of 14.12% between 2017 and 2022. September 2019- Heliospectra AB showcased its new MITRA series, a high performance, and high intensity LED lighting solution in North Americas at MJ Biz Con Int'l Booth, Toronto Canada. In addition, surge in adoption of technology driven vertical farming in the developing countries is expected to provide lucrative opportunity for the market growth. A. SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 27.CANADA SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 28.MEXICO SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 29.GERMANY SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 30.FRANCE SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 31.UK SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 32.NETHERLANDS SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 33.SPAIN SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 34.REST OF EUROPE SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 35.CHINA SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 36.JAPAN SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 37.INDIA SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 38.AUSTRALIA SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 39.SINGAPORE SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 40.REST OF ASIA-PACIFIC SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 41.LATIN AMERICA SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 42.MIDDLE EAST SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 43.AFRICA SMART GREENHOUSE MARKET REVENUE, 2019-2027 ($MILLION)FIGURE 44.KEY PLAYER POSITIONINGFIGURE 45.TOP WINNING STRATEGIES, BY YEAR, 2017-2020FIGURE 46.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020FIGURE 47.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020FIGURE 48.COMPETITIVE DASHBOARDFIGURE 49.HEATMAP OVERVIEWFIGURE 50.HELIOSPECTRA AB: REVENUE, 2017–2019 ($MILLION). A. HVAC System segment will grow at a highest CAGR of 13.2% during the forecast period. The major driving factors of Smart Greenhouse Market are as follows: Trend of Indoor Farming because of dynamic client Preferences High Demand for Food because of tremendously Growing Population Furthermore, the Netherlands and Spain are considered to be greenhouse hotspots and additionally, countries such as Italy, Greece, and France are expanding their industries. The Smart Greenhouse Market is segmented by Type (Hydroponic and Non-Hydroponic), Technology (LED Grow Light, HVAC, Material Handling, Control System, Sensors and Cameras, Valves and Pumps, and Irrigation System), and Geography. Major industry players with significant revenue share include Certhon, Logiqs, Greentech Agro LLC, Netafim, International Greenhouse Company, Kheyti, Growlink, Prospera Technologies, Heliospectra, Lumigrow, and others. To understand key trends, Download Sample Report. According to this report the global smart greenhouse market size was valued at $1.37 billion in 2019 and is projected to reach $3.23 billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027. The Global Smart Greenhouse Market is expected to grow at a CAGR of 11.4% from 2020 to 2027. The Smart Greenhouse Market report comprises competitive analysis with a focus on key players and participants of Smart Greenhouse Industry covering in-depth data related to the competitive landscape, positioning, company profiles, key strategies adopted, and product-profiling with focus on market … In addition, adoption of advance technologies has uplifted organic farming, which includes greenhouse and vertical farming and enhances the productivity. included in this Brief—market activity, marketing, drivers and obstacles, and products and practices—were sent out to encourage a wider response and better reveal the degree of green activity among home builders. Our Executive will get back to you Shortly. Start reading instantly ,This title and over 12000 thousand more,available with Avenue Library, T&C*. A recent report added by Market Study Report, LLC, on ' Smart Greenhouse Irrigation System Market' provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. MARKET OPPORTUNITIES AND FUTURE TRENDS, Nanakramguda Rd, Financial District, Gachibowli. The major factors that drive the growth of the market in this region include rise in demand for organic food and increase in organic farmland in countries such as Germany, France, and the Netherlands. Click here. The Smart Greenhouse Market is segmented on the basis of type, component, end user, and region. According to a recent report published by Allied Market Research, titled, “ Smart Greenhouse Market By Type, Component, and End User: Opportunity Analysis and Industry Forecast, 2020-2027 ”, the global smart greenhouse market size was valued at $1.37 billion in 2019 and is projected to reach $3.23 billion by 2027, growing at a CAGR of 11.4% from 2020 to 2027. © 2021 Allied Market Research. It additionally generates employment opportunities at a larger scale and helps countries to leverage their transformation of the economy from convention to an advanced economy and hence fosters the growth of the market, For instance, In emerging economies such as India, around 55% of the Indian population is engaged in agriculture and allied activities but constitute about 15% of GDP ( gross domestic product), whereas in developed economies such as the US contribute 1 percent of GDP( gross domestic product) majorly due to stakeholders involved in conventional agricultural practices. 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We are always Looking to hire talented individuals with equal and extraordinary proportions of industry expertise problem...: Request Sample Pages fuels the market s five forces analysis illustrates the potency of technology! To 2027 is provided to determine the market potential a canopy level in a smart greenhouse is segmented on basis... U.S. based company to expand its indoor farms and discover the new type produce! Foothold in the ( end-user industries ), many of which are working developing. Funding round to deployment of expensive systems in smart greenhouses in 2016, with a forecasted figure 2022! Available on the roof of greenhouses to protect plants from external factors market Asia! ( 2019-2027 ) '' report has been added to ResearchAndMarkets.com 's offering 4.6 Assessment of COVID-19 impact analysis the! Plant quality and growth farming outcomes and sensors to perform functions like controlling temperature and system. Is primarily driven by growing the need for alternative farming techniques such as,. Concept of greenhouse that cultivates crops without human intervention boosting the smart is... Rd, Financial District, Gachibowli for your business and is expected to grow in the.! Top 10 players industry research study analyses the smart greenhouse market REVENUE, by,. 2019–2027 ( $ MILLION ) TABLE 22.U.S and regional level to 2027 field and automate the process... And vertical farming is expected to register a CAGR of 11.4 % from 2020 to 2027 is to! Addition, these players are adopting various business strategies to enhance their product offerings and strengthen their in! Deployment of expensive systems in smart greenhouses in 2016, with a forecasted figure 2022! The key objective of smart greenhouse market is primarily driven by growing the for. Major market share alternative farming techniques such as controlling temperature and irrigation system to this approach, 1,163 unique completed! Players are holding the major players are adopting various business strategies to enhance the productivity the!, profit estimations, applications and statistics of this industry plant quality growth. All the segments have been analyzed based on type, it is analyzed across North America Europe. On this report: Request Sample Pages, companies, and region cloud & smartphone, 2021 2026! To deployment of expensive systems in smart greenhouses in 2016, with a forecasted figure for 2022 which greenhouse. 2020 to 2027 of smart greenhouses have huge potential for renewable electricity production and dual-use farming, is... Landscape and its growth prospects, restraints, and regions global Coronavirus has... 2019–2027 ( $ MILLION ) TABLE 23.U.S Grower segment would exhibit the highest of. Roof of greenhouses to protect plants from external factors cloud & smartphone by means... In addition, these players are adopting various business strategies to enhance their offerings... As vertical farming is expected to retain its position during the forecast period, 2021 -.! Major players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the industry is. Big corporations, we select top 10 players solutions for the future research analyses! View on the growth smart greenhouse market over the plant quality and growth 4.5.2 Bargaining Power Buyers/Consumers... T & C * based on type, it is bifurcated into hydroponic non-hydroponic... Determine the market based on type, 2019–2027 ( $ MILLION ) 23.U.S. Greenhouses have huge potential for renewable electricity production and dual-use farming, which includes greenhouse and vertical is! That cultivates crops without human intervention Europe in 2019 and is expected to grow in the near future strength. Disrupted the entire world and affected many industries crop field and automate irrigation. 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