Verified Market Research®, a leading provider of business intelligence and market analysis, is pleased to announce the release of a comprehensive and authoritative report on “Smart Greenhouse Market Size and Forecast”. The smart greenhouse market is driven by the growing need for sustainable agriculture, advancements in IoT and AI technologies, and increasing demand for food security. Automated climate control and resource efficiency will attract investments and drive market growth.
LEWIS, Del., Oct. 30, 2024 /PRNewswire/ — The global smart greenhouse market size is projected to grow at a CAGR of 9.9% from 2024 to 2031, according to a new report published by Verified Market Research®. I am. According to the report, the market was valued at USD 1.96 billion in 2024 and is expected to reach USD 3.9 billion by the end of the forecast period.
A new report highlights how automation, IoT integration and energy-efficient solutions are transforming greenhouse operations. Smart greenhouses promise to improve crop yields, optimize resources and reduce environmental impact by transforming traditional agriculture into data-driven adaptive models. Recognizing the growing demand for year-round crop production in controlled environments, Verified Market Research® identifies the key factors driving this market, including regulatory policies, growing consumer preference for fresh produce, and pressure to minimize resource consumption. We have carefully investigated the factors that
Key insights include:
Market Forecast: The market is expected to grow during the forecast period due to increased adoption across regions where environmental instability is prevalent.
Innovation: Analysis of key technologies such as climate control systems, precision sensors, and AI-driven analytics to improve productivity and sustainability.
Regional and Competitive Landscape: An in-depth look at the region’s opportunities and assesses the key players, innovations, and strategic partnerships shaping the competitive landscape.
Stay ahead of the curve in the ever-evolving diesel generator market. For more information or to request a sample copy of the report, please visit https://www.verifiedmarketresearch.com/download-sample?rid=6503.
Browse the detailed table of contents on “Global Smart Greenhouse Market Size”:
202 – Page
126 – Table
37 – Figure
Report scope
Report attributes
detail
learning period
2021-2031
base year
2024
Forecast period
2024-2031
historical period
2021-2023
unit
Value (US$ billion)
Overview of major companies
Argus Control Systems Ltd, Certhon, Nexus Corporation, Rough Brothers, GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd, Heliospectra AB, LumiGrow Inc., Priva Automation, Signify NV, Toshiba Mitsubishi Cary Corporation, Van Der Graaff, Gautier Semences, Lots, and AeroFarms.
Target segment
Types, Components, End Users, and Geography.
Scope of customization
Free report customization with purchase (equivalent to up to 4 analyst business days). Add or change country, region, or segment ranges.
Smart greenhouse market overview
Increasing demand for sustainable agriculture: The smart greenhouse market is currently witnessing strong expansion due to the increasing demand for environment-friendly agriculture. With the growing urgency of global food security, the use of intelligent greenhouses provides advanced farming methods that utilize resources efficiently, minimize waste, and increase crop productivity. The implementation of this trend will not only increase agricultural yields, but also attract significant investment and establish smart greenhouses as a vital answer in modern agriculture.
Advancements in IoT and AI Technology: The smart greenhouse market is being transformed by advancements in IoT and AI technology. These technologies enable continuous monitoring and automated management of greenhouse settings, improving crop quality and reducing operating costs. The convergence of sensors, data analytics, and machine learning is driving progress, making smart greenhouses more effective and attractive to investors looking to profit from the next advances in agriculture.
Increasing Government Initiatives and Subsidies: Government initiatives and subsidies are significantly contributing to the growth of the smart greenhouse market. Several governments have provided financial incentives and introduced favorable regulations to support smart agriculture aimed at promoting sustainable agricultural techniques. These programs not only ease the financial burden on farmers, but also facilitate the adoption of cutting-edge greenhouse technology, thereby facilitating market expansion and providing profit prospects for stakeholders.
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High initial setup costs: Although the smart greenhouse market has its advantages, it faces significant hurdles due to rising costs associated with initial implementation. Small and medium-sized farmers may find it difficult to cover the costs of implementing new technology, developing and maintaining infrastructure. The existence of this economic impediment, especially in developing regions, prevents widespread market acceptance and, as a result, hinders the overall expansion of the market and necessitates the development of affordable alternatives.
Complex technology integration: Integration of various technologies within smart greenhouses is a major hurdle for the growth of the smart greenhouse market. Farmers often have difficulty integrating IoT devices, AI systems, and other digital tools, resulting in operational inefficiencies. The complexity of this system not only discourages potential users but also highlights the need for user-friendly solutions and comprehensive training programs to ensure its adoption.
Lack of skilled labor: The growth of the smart greenhouse market is hampered by the lack of skilled labor. Operating and maintaining advanced greenhouse systems requires specialized knowledge, which is currently limited in the agricultural industry. The existence of this skills gap hinders the efficient use of intelligent technologies and reduces their potential impact on productivity and sustainability. To realize the full potential of the market, it is important to address this challenge by implementing intensive training and education efforts.
Geographic advantage:
Europe has significant influence in the smart greenhouse market due to its advanced agricultural technologies, favorable government regulations, and extensive technology integration. The Netherlands and Spain are prominent participants, spending heavily on advanced agricultural practices. The establishment of European industry standards and the ability to attract global attention are contributing to the market growth in this sector. Nevertheless, this focus may also hinder expansion in developing regions where economic and technological limitations impede uptake.
Key players in the smart greenhouse market shaping the future
Major companies: Argus Control Systems Ltd, Certhon, Nexus Corporation, Rough Brothers, GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd, Heliospectra AB, LumiGrow Inc., Priva Automation, Signify NV, Toshiba Mitsubishi Cary Corporation, Van Der Graaff, etc. , Gautier Semences, Plenty, AeroFarms. will play a pivotal role in shaping the future of the smart greenhouse market. Financial statements, product benchmarks, and SWOT analysis provide valuable insight into the leading companies in the industry.
Smart Greenhouse Market Segment Analysis
Based on research, Verified Market Research® has segmented the global Smart Greenhouse market into types, components, end users, and region.
Smart Greenhouse Market, By Type Hydroponic Non-Hydroponic Smart Greenhouse Market, By Component Lighting Systems Irrigation Systems Communication Systems HVAC Systems Pumps Others Smart Greenhouse Market, By End User Commercial Producers Research & Educational Institutions Retail Gardens Others Smart Greenhouse Market, Geography Americas by North Europe Germany France United Kingdom Rest of Europe Asia Pacific China Japan India Rest of Asia Pacific ROW Middle East and Africa Latin America
See related reports:
Global Green Walls Market Size by Product (Soil-Based and Soil-less), by Application (Outdoor and Indoor), by Geography, and Forecast
Global Indoor Agriculture Robots Market Size: By Product Type (Robot Grippers, Robotic Feed), By Facility (Greenhouses, Indoor Vertical Farms), By End-Use Industry (Hardware Systems, Software & Services), By Geography, And Forecast
Global High-end Greenhouse Market Size: By Application (Commercial, Residential), By Crop Type (Vegetables, Fruits, Floriculture), By Vegetables (Tomatoes, Cucumbers, Peppers), By Geography, And Forecast
Global greenhouse film market size By resin type (LDPE, LLDPE, FDPE, PVC, EVA, EBA), by thickness (less than 100 microns, 100-150 microns, 150-200 microns, 200 microns or more), by application ( vegetables), fruits, flowers, ornamental plants), by geography, and weather forecast
Top 7 green technology and sustainability companies facing environmental crisis
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