Press release
Smart Greenhouse Market Poised for Significant Growth Across Key Regions
Smart Greenhouse Market
The global smart greenhouse market is projected to experience significant growth, with market size estimates varying across sources. According to Maximize Market Research, the market was valued at US$2.10 billion in 2023, with an anticipated compound annual growth rate (CAGR) of 9.4% over the forecast period. In contrast, Market Research Future reports a market size of USD 1.88 billion in 2024, projected to reach USD 5.01 billion by 2034, reflecting a CAGR of 10.3% during the forecast period.
This growth is driven by technological advancements in agriculture and the increasing adoption of sustainable farming practices.
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Competitive Landscape and Regional Demand
The smart greenhouse market is characterized by the presence of key players such as Certhon, Logiqs, Greentech Agro LLC, and Netafim.
These companies are actively engaged in developing innovative solutions to meet the rising demand for efficient agricultural practices. Notably, the Europe region holds a significant market share, attributed to the early adoption of advanced greenhouse technologies and supportive government initiatives.
United States: Smart Greenhouse Market Growth and Consolidation
In the United States, the smart greenhouse market is witnessing substantial growth, propelled by technological innovations and strategic industry moves. For instance, LumiGrow Inc., a prominent provider of smart horticultural lighting, has been at the forefront of integrating advanced LED solutions to enhance greenhouse efficiencies. Such developments underscore the trend towards consolidation and technological advancement in the U.S. market.
Asia-Pacific: Opportunities and Trends in Smart Greenhouse Adoption
The Asia-Pacific region presents significant opportunities for the smart greenhouse market, driven by increasing investments in agricultural technologies and a focus on food security. Countries like China and Japan are leading in the adoption of smart greenhouse practices, integrating IoT and automation to boost productivity. Collaborations between local governments and tech companies are fostering the development of advanced greenhouse systems, reflecting a trend towards modernization in agriculture.
Europe: Trends and Mergers in the Smart Greenhouse Sector
Europe continues to be a leader in the smart greenhouse market, characterized by a strong emphasis on sustainable farming and technological integration. Companies such as Certhon and Logiqs are pioneering innovations in greenhouse automation and climate control systems. The region has also witnessed strategic mergers and acquisitions aimed at enhancing technological capabilities and expanding market reach, reinforcing Europe's position at the forefront of smart greenhouse adoption.
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Middle East and Africa: Emerging Trends and Market Updation
The Middle East and Africa region is gradually embracing smart greenhouse technologies, driven by the need to improve food production in arid climates. Innovations in water-efficient irrigation and climate control are gaining traction, with countries like the UAE investing in controlled environment agriculture. While the market is still emerging, ongoing developments indicate a growing interest in adopting smart greenhouse solutions to address regional agricultural challenges.
Smart Greenhouse Market segmentation :
by Type
Hydroponic
Non-Hydroponic
The smart greenhouse market is divided into two segments based on type: hydroponic and non-hydroponic. Due to the fact that hydroponics is a technology where plants are grown in a nutrient solution instead of soil, it has the largest market share. With the aid of a specifically designed bench that has a container or trough, the plants can be suspended in the water using this new and developing technology. Consequently, the hydroponic segment of the smart greenhouse market is experiencing a notable surge in growth.
by Component
HVAC Systems
Irrigation Systems
Control System
LED Grow Light
The power amplifier market is divided into several segments based on application, including LED grow lights, HVAC systems, irrigation systems, and controlling systems. Since smart greenhouses need the installation of costly equipment like HVAC, control systems, LED grow lights, and sensors, LED grow lights have the largest market share in the smart greenhouse industry. The array of LEDs in the LED grow light unit is specifically made for use in smart greenhouses. Although they are costly, LED grow lights are a crucial component of a smart greenhouse. The many LED light types included in the units vary in wattage and wavelengths, which are necessary to provide the necessary light for the particular plant species.
by End User
Commercial Growers
Research & Educational Institutes
Retail Gardens
Others
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Learn about the top players driving innovation in the Smart Greenhouse Market :
1. Heliospectra AB
2. Postscapes
3. Lumiglow Limited
4. Certhon
5. Hort Americas
6. Sensaphone
7. Cultivar Ltd.
8. Desert Growing
9. Kubo
10. Agrowtek Inc.
11. Argus's control sty's ltd
12. Netafim
13. Rough Brothers, Inc.
14. Lumigrow
15. Unilever
16. Coty
17. Jahwa
18. 3M
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