According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Smart Greenhouse Market (Type: Hydroponic and Non-hydroponic; Technology: HVAC, LED, Material Handling, Grow Light, Communication Technology, Water System Framework, Control Framework Irrigation System, Valves & Pumps, and Others) – Global Industry Dynamics 2018-2019, Trends and Forecast, 2020–2027,’ the global non-hydroponic smart greenhouse market is expected to expand at a CAGR of 8.4% from 2019 to 2027 and reach US$ 1.10 Bn by 2027.
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The non-hydroponic Smart Greenhouse Market is expected to expand at a CAGR of ~8.4% from 2019 to 2027 and was valued at US$ 973 Mn in 2018. With the rise in IoT technologies and the integration of smart technologies in the field of the Greenhouse market, there is a rapid growth in the market during this period. Other factors driving an uplift in this segment include increasing consumer spending capacities, rising disposable incomes, increasing health knowledge, and environmental trends. One of the major factors is the rising popularity of the smart greenhouse market which has a decisive impact on growth. Furthermore, the rapid innovation in the products and technology has accelerated the products globally. Market players are focusing on the adoption of business strategies such as product development and expanding the distribution channel which is expected to increase the demand across the globe.
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The technology is controlling the fertilizing process to provide remote monitoring, supporting farmers to enhance productivity and efficiency. The non-hydroponic crops hold a major share of 56% globally in 2018. The Non-hydroponic includes soil-grown, aeroponics, aquaponics crops, etc. Hydroponically grown crops are sustainable and eco-friendly and the segment is expected to grow at a good growth rate in the coming years. The adoption of IoT embedded systems, harvesting robots, automatic seed planters, cooling systems, energy-saving applications, and greenhouse roof washers in these sectors has multiplied the results, and productivity with better quality is driving the market to its highest. These technological devices are also equipped with touch screen, visual and acoustic signals providing information on the wash cycle and status of the equipment, which is providing an easier interface for the users with very less technological knowledge. However, the initial high investment might act as a restraint for the smart greenhouse market. Also, technologically advanced and equipped greenhouses are costlier than the traditional ones. This might hamper the growth of the smart greenhouse market.
The Non-hydroponic smart greenhouse market is dominated by several players who are focused on the development of new products to cater to the rising and shifting consumer preferences.
The report includes the below mentioned pointers of major players operating in the Non-hydroponic smart greenhouse market:
- Competition Matrix
- Company Overview
- Market Share Analysis (2018)
- Product Innovation
- Business Strategies / Recent Developments
- Technological advancements
- Key mergers and acquisitions
- Expansion strategies
- Company Financials
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Key companies profiled in the smart greenhouse research report include Heliospectra AB, Rough Brothers, Inc., Certhon, LumiGrow, Argus Control Systems Ltd., Ceres Greenhouse Solutions, JFE Engineering Corporation, Nexus Corporation, GreenTech Agro LLC., and Logiqs B.V. among others.
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