Smart Agriculture Smart Greenhouse Market will reach at USD 18.12 billion by 2032 ,Booming Worldwide With Leading Key Players -Steinsvik, Nedap NV, VEMCO, The Climate, LumiGrow

The smart greenhouse market is projected to reach USD 18.12 billion by 2032 from USD 1.41 billion in 2021; it is expected to grow at a CAGR of 12.2% from 2021 to 2032. Major drivers for the growth of the market are increasing adoption of Internet of Things (IoT) and artificial intelligence (AI) by farmers and agriculturists; growing demand for food owing to continuously increasing global population; surging adoption of indoor farming in urban areas; and rising number of government initiatives to promote the adoption of smart agricultural practices.

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Restraint: High investment costs owing to deployment of expensive systems in smart greenhouses
Smart greenhouses are highly expensive owing to the deployment of a number of high-cost systems, such as HVAC systems, control systems, LED grow lights, and sensors in them. LED grow lights are an important and expensive component used in smart greenhouses. Each LED grow light unit contains an array of LED, specially designed for greenhouse applications, which increases their overall costs. These units contain different types of LED lights having variations in terms of wattage and wavelengths to provide the required light spectrum for the optimal growth of specific plant species. High-powered LED grow lights are available in the market, with prices ranging from USD 500 to USD 2,000. However, high-quality full-spectrum LED grow lights suitable for indoor farming can cost around USD 2,000 or more, depending on their power output and other features. Thus, the high costs of LED lighting systems are an important aspect delaying the incorporation of LED technology in the lighting of greenhouses.

Opportunity: Emerging trend of rooftop farming in urban areas
Rooftop gardens have become a prevailing trend across the world. The practice of cultivating food on rooftops of buildings is referred to as rooftop farming. It usually uses green roofs, hydroponics, aeroponics, or air-dynaponics systems or container gardens. Rooftop farming is being adopted in urban areas owing to the scarcity of the arable land. Rooftops of high-rise buildings are used to develop rooftop farms. These farms retain rainwater, decrease the likelihood of pests and human interference in crop cultivation, and reduce air pollution. Thus, the increasing adoption of rooftop farming in urban areas is expected to act as a growth opportunity for the smart greenhouse market.

The market was studied across External Smart Agriculture Smart Greenhouse and Internal Smart Agriculture Smart Greenhouse based on Category. Report provides a basic overview of the industry including definitions, classifications, applications and Smart Agriculture Smart Greenhouse industry chain structure. Top Companies in this report are: Steinsvik, Nedap NV, VEMCO, The Climate, LumiGrow

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Smart Greenhouse Market Segmentation:
In this report, the smart greenhouse market has been segmented into the following categories:

By Type:
Hydroponics
Non-hydroponics

By Covering Material Type:
Polyethylene
Polycarbonate
Others

By Offering:
Hardware
Software & Services

By Component:
HVAC Systems
LED Grow Lights
Control Systems & Sensors

By End User:
Commercial Growers
Research & Educational Institutes
Retail Gardens
Others

By Region
North America
Europe
APAC
RoW

Following crops cultivated in smart greenhouses have also been considered in the report

Vegetables
Flowers
Food

Recent Developments
In December 2019, Argus and urban-gro, Inc. entered into a multiyear strategic agreement to provide cultivators in North America with industry-leading, plant-centric solutions for ensuring environmental control, greenhouse automation, and nutrient management.

In November 2019, Argus launched 3 new subscription-based products available on Argus Hub. These 3 add-ons enable Argus software to provide the right tools to users to easily access and retrieve information from the Argus system.
In October 2019, Heliospectra partnered with Nectar Farms to provide MITRA LED lighting solutions for large-scale glasshouse installations in Australia.

Smart Agriculture Smart Greenhouse Market Segmentation by Type:

HVAC Management, Yield Management.

Smart Agriculture Smart Greenhouse Market Segmentation by Application:

Small Farm, Medium-sized Farm, Large Farm

Key Market Trends
Increasing Adoption of IoT and AI by Farmers and Agriculturists
Smart greenhouses, equipped with current sensor and communications technology, automatically record and disseminate information on the environment and crop 24/7. Data is collected and supplied into an IoT platform, where analytical algorithms turn it into actionable insight to identify bottlenecks and irregularities. As a result, HVAC and lighting operations and irrigation and spraying operations may all be controlled on demand. The creation of predictive models to estimate crop disease and infection risks is aided by continuous data monitoring.
Farmers can collect various data points in unprecedented detail using IoT sensors. They provide real-time data on critical climate factors such as temperature, humidity, light exposure, and carbon dioxide throughout the greenhouse. This information leads to appropriate changes to HVAC and lighting settings to maintain the ideal conditions for plant development while also increasing the energy economy. Simultaneously, motion/acceleration sensors help detect doors left open unintentionally, ensuring a tightly controlled environment.
Greenhouses with high-value crops are a viable target for hackers. Many farmers do not have an efficient security system since standard surveillance networks with CCTVs are costly to establish. IoT sensors in smart greenhouses provide a cost-effective infrastructure for monitoring door status and detecting suspicious activity in this context. When linked to an automatic alarm system, they can immediately alert farmers if a security risk emerges.

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Cumulative Impact of COVID-19 on Smart Agriculture Smart Greenhouse report:

Competitive Landscape
The smart greenhouse market is fragmented, and various companies are competing on a regional scale to gain market share. Vendors in the market are expected to compete intensely for gaining large-scale projects, but in local space, smaller vendors are expected to hold prominence over the market.​ Major vendors that offer integrated products are expected to command a higher share of the adoption of their solutions due to the spread of their presence over the value chain and the ability to mitigate the risk.

January 2022- BFG Supply overtook International Greenhouse Co. Greenhouse Megastore, distributor of commercial and hobby greenhouse structures and related products. The acquisition of GMS will expand BFG's greenhouse capabilities and product selection, further improving service levels to customers in the horticulture market.
July 2021- MineARC Systems, a manufacturer and supplier of controlled environments for biotechnology and agriculture applications, established a reseller partnership with Heliospectra. In the Australian market, the company would represent Heliospectra's market-leading LED lighting and light control systems for controlled environment agriculture.

Smart Agriculture Smart Greenhouse Market Share Analysis: Knowing Smart Agriculture Smart Greenhouse's market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the Smart Agriculture Smart Greenhouse market characteristics in accumulation, dominance, fragmentation, and amalgamation traits.

Recent Developments
January 2022 - BFG Supply overtook International Greenhouse Co. Greenhouse Megastore, distributor of commercial and hobby greenhouse structures and related products. The acquisition of GMS will expand BFG's greenhouse capabilities and product selection, further improving service levels to customers in the horticulture market.
July 2021 - MineARC Systems, a manufacturer and supplier of controlled environments for biotechnology and agriculture applications, established a reseller partnership with Heliospectra. In the Australian market, the company would represent Heliospectra's market-leading LED lighting and light control systems for controlled environment agriculture.
May 2021 - Heliospectra partnered with Harahara Inc. to roll out its LED lightning and light control solutions for controlled environment agriculture and PEALs in Japan.

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