The global smart greenhouse market is expected to grow at a CAGR of 18.9% during the forecast period. A smart greenhouse is a type of greenhouse that is self-regulating & has a micro-climate-controlled environment for the optimal growth of plants by with the help of various electronic devices like actuators, sensors, and other monitoring & control systems. The smart greenhouse is a revolutionizing technique that is widely employed in the agriculture sector. Some of the smart greenhouse functions automatically, whereas some are operated through smartphones. Smart greenhouse offers several advantages: enhancing irrigation and fertilization practices, controlling infection and disease outbreaks, preventing threats, improving security, and many others.

Top Driver: Rising Smart Cultivation Techniques and Vertical Cultivation in Urban Areas

The increasing requirement for smart cultivation due to the rising population is one of the key factors anticipated to drive the global smart greenhouse market in the coming years. In addition, the popularity of rooftop cultivation and industrial improvements are also expected to fuel the growth. The increasing vertical cultivation in urban regions and the growing awareness among purchasers regarding the advantages of embracing smart greenhouse are anticipated to propel the market’s development during the forecast period.

Control Systems and Sensors  to Make Crucial Contribution to Growth of Global Smart Greenhouse Market

On the basis of component, the global smart greenhouse market can be segmented into HVAC Systems, LED Grow Lights, Control Systems & Sensors. The control systems and sensors segment accounted for a major share in the market. On the basis of type Hydroponics, Non-hydroponics. On the basis of end use Retail Gardens, Commercial Growers, Research & Educational Institutes, Others.

Rising Adoption Of Advanced Technologies to Benefit APAC Market

The smart greenhouse market in Asia Pacific is estimated to gain highest revenue shares during the forecast period. Furthermore, the increased growth of the market in APAC would continuously increasing population which would help the industry to propel in the coming years. The surge in demand for food from the region would help the industry flourish. The increase in the adoption of advanced technologies such as smart greenhouses to allow the supply of fresh fruits and vegetables would help the industry boost in the forecast period.

Players to Focus on Smart Greenhouse Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Nexus Corporation, Argus Control Systems Limited, Certhon, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd., Heliospectra AB among others could be at the forefront of the competition in the global market.

Sensaphone: In April 2019, Sensaphone had recently launched the Express II monitoring system to cater to the operational requirements of greenhouses. The Express II monitoring system allows users to remotely monitor changes in the environmental conditions of greenhouses and evaluate the performance of equipment installed in them round-the-clock.

Argus: In November 2019, Argus had launched 3 new subscription-based products available on Argus Hub. These 3 add-ons enable Argus software to provide the right tools to users to easily access and retrieve information from the Argus system.

Scope of the Report

By Type

• Hydroponics
• Non-hydroponics

By Component

• HVAC Systems
• LED Grow Lights
• Control Systems & Sensors

By End-User

• Retail Gardens
• Commercial Growers
• Research & Educational Institutes
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is pre