The latest report on Smart Greenhouse Market by Infinium Global Research gives complete coverage of the Smart Greenhouse Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2020 to 2026. In addition, the study covers deep dive into key product and applications trends in the regional markets of Smart Greenhouse such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
We are Now Including the Impact Analysis of the CO VID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.
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Demand from the Emerging Economies is Acting as Drivers for the Growth of the Smart Greenhouse Industry
Greenhouse, an urban farming method, delivers farmers with a preference to provide optimum cultivation conditions by proposing a controlled environment according to the crop’s requirements. The smart greenhouse is a self-regulating and self-monitoring, micro-climatically controlled, for example, temperature, humidity, luminosity, soil moisture environment for ideal plant growth. Even slight differences in these conditions generate automated actions that estimate change and take corrective action and therefore, maintaining ideal conditions for plant growth.
The increased reliability in the smart greenhouse along with the increasing energy demand from the emerging economies is acting as drivers for the growth of the smart greenhouse market. However, a smart greenhouse requires a high investment, has a complex process as well as involves high risk which is detaining the market from growing at a higher pace. With the progression of technological advancements comes the usage of artificial intelligence devices, control devices, and sensors that permits automation in greenhouse agriculture.
The high demand for food due to the ever-growing population, trend of indoor farming, government initiatives and incentives involving to smart greenhouse lighting technology contribute substantially towards the development of the smart greenhouse market across the globe. Conversely, the integration of technologies and the requirement of high initial investment are considered a few of the key factors projected to restrict the growth of the global smart greenhouse in the near future.
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To Sustain the Demand for Agricultural Commodities, Investments in Key Logistics Must Be Enhanced.
The on-going health crisis around COVID-19 has affected all walks of life. Protecting the lives of people suffering from the disease as well as frontline health responders have been the priority of nations. Governments have swung into actions since the Coronavirus attack created an unprecedented situation. To sustain the demand for agricultural commodities, investments in key logistics must be enhanced. Moreover, e-commerce and delivery companies and start-ups need to be encouraged with suitable policies and incentives. The small and medium enterprises, running with raw materials from the agriculture and allied sector or otherwise, also need special attention so that the rural economy doesn’t collapse.
Among the geographies, North America region is expected to hold the largest share in the global smart greenhouse market as countries such as the U.S. and Canada are the front-runners of the adoption of new farming techniques such as precision agriculture, vertical farming, and indoor farming, among others. Further, factors such as growing urbanization and food demand have accelerated the growth of the smart greenhouse market in the North American region. Moreover, the Asia Pacific region is expected to witness high growth during the forecast period owing to the growing government support and rising awareness among cultivators. Countries such as China and Japan are projected to witness considerable growth in the upcoming years owing to the presence of a large number of indoor farms.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Smart Greenhouse.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.