Global Smart Greenhouse Market worth to gain $1,312.2 Mn by 2022, according to new statistics released by the Zion Market Research, the market research group.
The smart greenhouse is the integration of a broad set of technologies such as control system and different application together with components like sensors, actuators, and monitoring system helps to grow the plants in an artificial way.
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Europe dominated this market due to the early adoption of a smart greenhouse. Experimentation with the design of greenhouses started in the 17th century in Europe, as technology produced better glass and construction techniques for growing plants. The Netherlands has some of the largest greenhouses in the world. In Europe, greenhouses occupied 10,526 hectares or 0.25% of the total land area. The Netherlands has around 4,000 greenhouse enterprises that operate over 9,000 hectares of greenhouses and employ some 150,000 workers, producing USD 7.55 billion. Currently, around 73% of Europe population lives in urban areas and is expected reach to 80% by 2050. A major part of Europe is developed and adopted the advanced technology for different applications. Therefore, high technological development and early adoption of a smart greenhouse are expected to grow the market.
Europe was followed by Asia Pacific and North America in 2016. The infrastructural development is growing at the rapid pace in Asia-Pacific since the past few years. Continuously growing population coupled with fast growing economies like China and India is expected to boost the smart greenhouse market in this region. According to the food and agriculture arm of the United Nations (FAO), the food production worldwide should see a 70% increase by 2050 to cater the ever growing population. The advancement in technology such as IoT could play an important role in meeting this need. IoT has the potential to monitor irrigation and productivity wherein the data gathered by IoT sensors have the ability to provide an overall performance of the crops. On July 2016, China launched modern Smart Glass Greenhouse; Strawberry Cultivation Project is located in Yaozhou. It is a 50,000 square meter structure which is the largest smart greenhouse in China. This project uses the most advanced Dutch PB irrigation system.
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North America is expected to be one of the fastest growing regions for smart greenhouse market. Cannabis Science, a U.S. company specializing in the development of cannabinoid-based medications, has started work on its second 33,000 sq. ft. greenhouse pilot cannabinoid drug development and manufacturing facility in Douglas County, Nevada.
Latin America, Middle East, and Africa are likely to have moderate growth for smart greenhouse market during the estimated five years. Shifting technological preferences coupled with increasing demand for food is expected of fuel the smart greenhouse market within the forecast period.
Some of the major participants operative in smart greenhouse market includes Rough Brothers, Inc., Heliospectra AB, Terrasphere Systems, LLC, Argus Control Systems Ltd., LumiGrow Inc., Ceres Greenhouse Solutions, Hort Americas, JFE Engineering Corporation, Nexus Corporation, Logiqs B.V., Certhon, and GreenTech Agro LLC .
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This report segments the global smart greenhouse market as follows:
Global Smart Greenhouse Market: Type Segment Analysis
Global Smart Greenhouse Market: Technology Segment Analysis
LED Grow Light
Valves & Pumps
Global Smart Greenhouse Market: Regional Segment Analysis
Middle East & Africa
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