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Smart Greenhouse Global Opportunity Analysis and Industry, 2020-2027
Release time:
Jun 18,2024
Smart greenhouse is a farming technique, which helps user to monitor and control the growth condition of the plant and to optimize the growing process of the plants. In addition, the major goal of smart greenhouse is to implement a system which will allow user to remotely monitor all conditions required for the growth of the crops. Smart greenhouse provides different benefits such as maintaining a micro-climate environment for the crops, optimizing the yielding process, and minimizing manual intervention. In addition, it provides farmers with data on external environment and type of soil, which reduces the risk of pests and avoids disease outbreak. Furthermore, increase in need for organic food across the globe has replaced traditional farming with adoption of smart greenhouse.
Increase in popularity of organic food across the globe and increase adoption of IoT and artificial intelligence by farmers and agriculturists drive the growth of the market. In addition, ease of crop monitoring and harvesting fuel the growth of the market. However, high investment costs owing to deployment of expensive systems in smart greenhouses hamper the growth of the market. Furthermore, rise in adoption of vertical farming technology and increases in public-private partnership in the agriculture sector are expected to provide lucrative opportunity for the market growth.
The smart greenhouse market is segmented into type, component, end user, and region. By type, it is bifurcated into hydroponic and non-hydroponic. By component, it is divided into HVAC Systems, LED grow lights, irrigation system, valves & pumps, sensor & control system, and others.
By end user, it is classified into commercial growers, research & educational institutes, retail gardens, and others.
By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The global smart greenhouse market size was valued at $1378.23 million in 2019 and is projected to reach $3231.68 million by 2027, growing at a CAGR of 11.4% from 2020 to 2027. Smart greenhouse is the revolution of agriculture in which self-regulating platform is made for monitoring and controlling the growth condition of the plants and to automate their growing process. It helps farmers and agriculture firms to control infection in the crops and provide different agrochemical treatment for increasing the fertility of the soil.
Furthermore, rise in popularity of organic food across the globe and surge in adoption of IoT and artificial intelligence by farmers and agriculturists drive the growth of the market.
In addition, ease of crop monitoring and harvesting fuels the growth of the market. However, high investment costs owing to deployment of expensive systems in
smart greenhouses hamper the growth of the market.
Furthermore, rise in adoption of vertical farming technology and increase in public-private partnership in the agriculture sector is expected to provide lucrative
opportunities for the market growth
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Industry Information
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