Greenhouse Heating and Cooling Systems Market Overview 2024-2033 - Share, Size, Insights, Forecast

"The Business Research Company recently released a comprehensive report on the Global Greenhouse Heating and Cooling Systems Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The greenhouse heating and cooling systems market size has grown strongly in recent years. It will grow from $19.15 billion in 2023 to $20.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to the rise of commercial agriculture, increasing demand for year-round crop production, the expansion of organic farming, government subsidies for sustainable practices, the need for pest and disease control, and the growing awareness of climate change impacts on agriculture.

The greenhouse heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $26.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rising consumer demand for local and organic produce, increasing investment in sustainable agriculture practices, the development of climate-resilient crop varieties, enhanced energy efficiency standards, expanding urban agriculture initiatives, and the integration of renewable energy sources in farming operations. Major trends in the forecast period include adoption of precision climate control technologies, the rise of renewable energy integration, the growth of vertical farming systems, advancements in energy-efficient materials, the expansion of automated monitoring and control systems, the emphasis on sustainability and reduced carbon footprints, and the growing use of data analytics for optimizing crop production environments.

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Market Drivers and Trends:

The rising demand for year-round crop production is expected to propel the growth of the greenhouse heating and cooling systems market going forward. Year-round crop production refers to the practice of growing and harvesting crops continuously throughout the entire year, regardless of seasonal changes. The demand for year-round crop production is due to changing consumer lifestyles, a desire for fresh and locally sourced food, and the need to ensure food security in the face of climate variability and population growth. Greenhouse heating and cooling systems are crucial in meeting the rising demand for year-round crop production by creating optimal growing conditions. These systems regulate temperature and humidity, allowing for consistent plant growth and extending the growing season, regardless of external weather conditions. For instance, in August 2023, according to a report published by the United States Department of Agriculture, a US-based federal agency, contracted tomato production in California reached at 12.9 million tons in 2023, with an average yield of 50.8 tons per acre. This is a 23% increase from last year's 10.5 million tons and 2% higher than the May estimate. The projected harvested area is 254,000 acres, up 13% from 2022. Therefore, the rising demand for year-round crop production is driving the growth of the greenhouse heating and cooling systems market.

Major companies operating in the greenhouse heating and cooling systems market are focusing on developing innovative energy technologies, such as renewable energy-powered greenhouse heating systems, to enhance energy efficiency, improve crop yields, and reduce operational costs by harnessing solar energy more effectively while maintaining optimal growing conditions. Renewable energy-powered greenhouse heating systems utilize sustainable energy sources such as solar, wind, or geothermal power to regulate temperature, reducing reliance on fossil fuels and lowering greenhouse gas emissions. For instance, in April 2023, EHP Technologies AG, a Switzerland-based company specializing in heating and cooling solutions, introduced a groundbreaking greenhouse heating system that operates with minimal water usage, unlike traditional systems that require substantial water volumes. The system ensures a consistently regulated internal temperature, promoting uniform heat distribution throughout the greenhouse. It is powered by up to 100% renewable energy that eliminates the need for fossil fuels such as coal, gas, and petroleum, significantly enhancing operational efficiency. EHP estimates that their system will enable users to save over 16 million kWh annually while reducing CO2 emissions by nearly 393,000 kg, contributing to the reduction of global carbon footprints and combating climate change.

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Major Key Players of the Market:

Netafim Ltd., Kelvion Holding GmbH, Munters Corporation, Hydrofarm, Griffin Greenhouse & Nursery Supplies Inc., Richel Group S.A.S., Priva B.V., BFG Supply Co., FarmTek Inc., Prospiant LLC, Dalsem Greenhouse Construction B.V., GGS Structures Inc., Saveer Biotech Limited, AgriNomix LLC, Gothic Arch Greenhouses Inc., Enerdes Inc., Agra Tech Inc., Luiten Greenhouses, Valoya Oy, BioTherm Solutions LLC, Rimol Greenhouses Inc., DryGair Energies Ltd.

Greenhouse Heating and Cooling Systems Market 2024 Key Insights:

• The greenhouse heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $26.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Growing Year-Round Crop Demand Fuels Expansion Of Greenhouse Heating And Cooling Systems Market
• Revolutionizing Greenhouse Efficiency With Renewable Energy Heating Systems
• North America was the largest region in the greenhouse heating and cooling system market in 2023

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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