Smart Greenhouse Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The smart greenhouses offer self-regulating, micro-climate controlled environment for optimal plant growth. The different climatic conditions such as humidity, temperature, soil moisture, and others inside the greenhouse are monitored continuously. Smart greenhouses are equipped with sensors and actuators as key elements for this purpose. The advent of IoT and connected technologies and key developments by the companies further portray a favorable landscape for the smart greenhouse market in the coming years.

MARKET SCOPE

The "Global Smart Greenhouse Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the smart greenhouse market with detailed market segmentation by type, covering material type, component, and end users. The report provides key statistics on the market status of the leading smart greenhouse market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global smart greenhouse market is segmented into hydroponic and non-hydroponic.
  
•   On the basis of covering material type, the market is segmented into polyethelene, polycarbonate, and others.
  
•   Based on component, the market is segmented into HVAC system, LED grow lights, control systems and sensors.
  
•   Based on end users the market is segmented into research and educational institutes, commercial growers, retail gardens, and others
  

MARKET DYNAMICS

Drivers

•   The smart greenhouse market is anticipated to grow in the forecast period owing to driving factors such as changing consumer preferences leading to the emerging trend of indoor farming along with increased demand for food for the growing population.
  
•   Also, favorable government regulations and incentives related to smart greenhouse lighting technology are further likely to propel the market growth.
  

Restraints

•   High initial investment owing to deployment of expensive systems in smart greenhouses is restraining the growth of the market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart greenhouse market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart greenhouse market in these regions.

IMPACT OF COVID-19 ON SMART GREENHOUSE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the smart greenhouse market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from smart greenhouse market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart greenhouse market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Argus Control Systems Limited
  
•   Certhon Build B.V.
  
•   Greentech Agro LLC
  
•   Heliospectra AB
  
•   Greenhouse Megastore
  
•   LOGIQS B.V.
  
•   LumiGrow, Inc.
  
•   Netafim Limited
  
•   Nexus Corporation
  
•   Rough Brothers, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Greenhouse Report Scope