Greenhouse Products 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 2022 to 2030.
A “smart greenhouse” is a type of greenhouse that employs automated crop cultivation. In a smart greenhouse, crops can grow for a specific amount of time without any climatic modification or human intervention. Smart greenhouses use a variety of microprocessors and sensors to carry out tasks including managing the irrigation system and temperature. The main goal of the smart greenhouse is to increase farmer productivity and yield better agricultural results.
The market is expanding as a result of the rising demand for organic food around the world and the rapid uptake of IoT and AI by farmers and agriculturists. The market’s expansion is also fueled by how simple it is to monitor and harvest crops. However, the market’s expansion is hampered by high investment costs brought on by the usage of pricey technology in smart greenhouses. Additionally, it is anticipated that growing public-private partnerships in the agriculture sector and increased usage of vertical farming technologies would offer attractive potential for market expansion.
Over the course of the forecast period, the hydroponics segment is anticipated to gain a sizable proportion. The primary factor driving the expansion of smart greenhouse in this market is the ability of hydroponics to produce nutrient-dense foods with minimal space consumption. The non-hydroponics segment, however, is anticipated to expand at the fastest rate over the course of the forecast period because to its environmental friendliness and the rapid uptake of non-hydroponic greenhouses by major companies. This fuels the expansion of the smart greenhouse industry in this sector.
Europe had the top spot in the global smart greenhouse market in 2019 and is anticipated to keep it throughout the forecast period. The rise in demand for organic food and the expansion of organic farming in nations like Germany, France, and the Netherlands are the main drivers of market expansion in this region. However, due to an increase in the availability of smart greenhouse suppliers and a rise in government backing in the region’s developing nations, Asia-Pacific is predicted to experience the fastest growth rate over the projection period.
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Major Players in Greenhouse Products market are:
Corvus Drones
GGS
Applied Drone Innovations
OpenRobotix
TraitaService
Most important types of Greenhouse Products products covered in this report are:
Multi-spectral Images
Seedling Counting
Plant Height Counting
Plant Health Index
Most widely used downstream fields of Greenhouse Products market covered in this report are:
Flower
Vegetable
Fruit
Other
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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