Smart Greenhouse Market 2023-2027
The smart greenhouse market is forecasted to grow by USD 1,203.77 mn during 2022-2027, accelerating at a CAGR of 9.31% during the forecast period. The report on the smart greenhouse market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing requirement for fresh food, higher yield than traditional methods, and rapid urbanization and low availability of arable land.
Technavio's smart greenhouse market is segmented as below:
By Type
By Component
- HVAC systems
- LED grow lights
- Control systems and sensors
- Others
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the emerging trend of rooftop farming as one of the prime reasons driving the smart greenhouse market growth during the next few years. Also, increasing awareness about smart greenhouse and surge in investments of agricultural R and D will lead to sizable demand in the market.
The report on the smart greenhouse market covers the following areas:
- Smart greenhouse market sizing
- Smart greenhouse market forecast
- Smart greenhouse market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart greenhouse market vendors that include Ag Leader Technology, AGCO Corp., Agra Tech Inc., Ceres Greenhouse Solutions, Certhon Build B.V., CLAAS KGaA mBH, CNH Industrial NV, Controlled Environments Ltd., Cultivar Ltd., Deere and Co., Gibraltar Industries Inc., Green Automation Group Oy Ltd., Heliospectra AB, LOGIQS B.V., Orbia Advance Corp. SAB de CV, Phonetics Inc., Richel Group SAS, Signify NV, Sollum Technologies inc., and TSI Inc. Also, the smart greenhouse market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.