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Smart Greenhouse Market Trends

ID: MRFR//10900-HCR | 128 Pages | Author: Anshula Mandaokar| July 2024

Global Smart Greenhouse Market Overview

Smart Greenhouse Market Size was valued at USD 1.6 Billion in 2022. The Smart Greenhouse industry is projected to grow from USD 1.7 Billion in 2023 to USD 3.86 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.3% during the forecast period (2023 - 2032). The primary driver for the smart greenhouse market, the increasing demand for efficient and sustainable agriculture practices, is a key market driver.

Smart Greenhouse Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Greenhouse Market Trends

  • Empowering digital transformation will enable market growth

Market CAGR will be dominant due to an important development in the smart greenhouse industry, which is the growing automation and Internet of Things (IoT) technology integration. Precision agriculture, which uses sensors and smart devices to monitor and regulate multiple greenhouse conditions, is the driving force behind this trend. Automation systems improve resource consumption, lower labor costs, and increase crop yields. Examples of these systems include robotic harvesters and climate control. IoT sensors gather information on temperature, humidity, soil moisture, and other topics to facilitate remote management and in-the-moment decision-making. This trend is expected to grow as agriculture becomes more data-driven.

The increasing focus on sustainability and energy efficiency in greenhouse operations is another important trend. Resource conservation and environmental concerns are the driving forces behind this. To reduce energy usage, smart greenhouses are implementing cutting-edge technologies, including solar panels, rainwater collecting systems, and sophisticated insulating materials. Furthermore, the industry is seeing growth in the application of circular economy principles and the utilization of renewable energy sources. Greenhouse farmers are being forced to embrace more environmentally friendly operations as a result of laws and consumer preference for sustainable practices. Data analytics and artificial intelligence (AI) are transforming smart greenhouse management. AI algorithms are used to optimize nutrient distribution and irrigation, forecast disease outbreaks, and forecast crop growth. Large-scale sensor data is analyzed by machine learning models, which give greenhouse managers useful information. These innovations improve crop quality, cut down on waste, and aid in more effective resource management. AI is anticipated to become much more important to greenhouse operations as it develops.

The market for smart greenhouses is expanding in emerging economies as well as mature ones. The necessity for sustainable food production and the growing world population are the main drivers of this increase. In order to meet their needs for food security, emerging markets in South America, Africa, and Asia are rapidly implementing smart greenhouse technologies. Market participants are also broadening the range of products they offer to accommodate various crops, such as vegetables, herbs, and medicinal plants. It is anticipated that when the idea of the smart greenhouse becomes more widely accepted, it will spread over the world and undergo regional modifications to accommodate different climates. To summarize, the market for smart greenhouses is developing, with an emphasis on worldwide expansion, automation, sustainability, and data-driven decision-making. The need for more effective and sustainable agricultural methods in response to pressing issues, such as population expansion and environmental concerns, is what is driving these trends. In the upcoming years, industry participants are likely to keep coming up with new ideas and implementing cutting-edge technologies in order to stay competitive and deal with these issues. Thus, drivin the Smart Greenhouse market revenue.

Smart Greenhouse Market Segment Insights

Smart Greenhouse Type Insights

The Smart Greenhouse market segmentation, based on type, includes Hydroponics and Non-hydroponics. The largest category of smart greenhouse production techniques is hydroponics, which is motivated by its high output and resource efficiency. By nourishing plants with a nutrient-rich water solution instead of soil, this technique uses less water and lowers the danger of soil-borne illnesses. Crop growth and quality are greatly improved by the exact control that smart greenhouses offer over environmental conditions and nutrient supply. With its sustainable and effective cultivation method, hydroponics is leading the sector's growth as worries about food supply and water scarcity throughout the world grow.

Figure 1: Smart Greenhouse Market, by Type, 2022 & 2032 (USD Billion)
Smart Greenhouse Market, by Type, 2022 & 2032
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Greenhouse Component Insights

The Smart Greenhouse market segmentation is based on components, HVAC systems, LED grow lights, and control systems & sensors. The HVAC systems category is the biggest one in the smart greenhouse industry. The main factor behind this domination is the vital function HVAC plays in controlling the inside climate of greenhouses. HVAC systems ensure year-round cultivation by maintaining ideal humidity and temperature levels. HVAC is a crucial component that is driving the expansion of its category due to the growing demand for constant crop quality and production, as well as the necessity of climate control during extreme weather conditions.

Smart Greenhouse End User Insights

The Smart Greenhouse market segmentation, based on end users, includes commercial growers, research & educational institutes, retail gardens, and others. The commercial growers category make up the largest market sector for smart greenhouses. The strong need for improved crop production efficiency and reliable quality in commercial agriculture is the foundation of this domination. Higher crop yields, efficient resource management, and economical operations are all provided by smart greenhouse systems. The need to ensure sustainability while meeting the increasing demands for food throughout the world is a major motivator, with commercial producers being the main users of this technology.

Smart Greenhouse Covering Material Type Insights

The Smart Greenhouse market segmentation, based on covering material type, includes polycarbonate and others. Polycarbonate category constitutes the largest section of the smart greenhouse construction materials market. The expansion of this market is being driven by polycarbonate because of its remarkable qualities, which include high durability, light diffusion, and insulation. It provides a resilient and long-lasting substitute for glass, which is often used for greenhouse glazing. It is a favored material for greenhouse construction because of its capacity to uniformly disperse sunlight, which lowers the possibility of crop damage from extreme heat or UV radiation. This segment has grown significantly as a result of its energy-efficient insulation qualities, which also aid in keeping a stable interior environment, which is essential for plant growth.

Smart Greenhouse Offering Insights

The Smart Greenhouse market segmentation, based on offering, includes hardware and software services. Hardware category makes up the biggest portion of the market for smart greenhouse technologies. The primary reason for this domination is the vital role that physical components play in the development and upkeep of smart greenhouse systems. Sensors, actuators, control systems, and other necessary devices are examples of hardware. In smart greenhouses, these elements serve as the foundation for automation, data gathering, and remote monitoring. Hardware investments mostly drive the growing demand for data-driven decision-making and precision agriculture.

Smart Greenhouse Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America leads the market for smart greenhouses worldwide. Its expansion is fueled by things like the widespread use of cutting-edge technology, a focus on sustainable agriculture, and government subsidies for clever farming methods. Furthermore, the demand for smart greenhouses in this region is driven by the necessity of year-round crop production in climate-variable environments.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SMART GREENHOUSE MARKET SHARE BY REGION 2022 (USD Billion)SMART GREENHOUSE MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The Asia Pacific Smart Greenhouse market accounts for the second-largest market share. In the worldwide smart greenhouse market, the Asia Pacific region is expanding at the highest rate. A growing population, rising food prices, and a move toward more sustainable agricultural methods are the main drivers of this growth. Government programs and growing financial commitments to cutting-edge agricultural technologies are also propelling the region's adoption of smart greenhouses. Further, the German Smart Greenhouse market held the largest market share, and the UK Smart Greenhouse market was the fastest-growing market in the European region.

The European mart Greenhouse Market is expected to grow at the fastest CAGR from 2023 to 2032. The region's growth is being propelled by a strong emphasis on lowering carbon footprints, stringent environmental rules, and a dedication to sustainable agriculture. Government incentives and increased public awareness of food security and climate change mitigation fuel smart greenhouse technology proliferation. Moreover, China’s Smart Greenhouse market held the largest market share, and the Indian Smart Greenhouse market was the fastest-growing market in the Asia-Pacific region.

Smart Greenhouse Key Market Players & Competitive Insights

During the forecast period, the leading market players Market will further their reach owing to widening investments on a scale. Furthermore, the players are expected to undertake various market developments, including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations to increase their production further. The Smart Greenhouse industry will widen its value at a rapid pace.

The Smart Greenhouse industry is expected to widen its outreach by investing heavily within its manufacturing base. During the forecast period, the Smart Greenhouse industry has offered some of the most significant advantages to the automotive industry. Major players in the Smart Greenhouse market, including Heliospectra AB, Rough Brothers Inc. (Gibraltar Industries INC.), Lumigrow Inc., Certhon, GreenTech Agro LLC, Argus Control System Ltd, and others, are attempting to increase market demand by investing in research and development operations.

One of the leading companies in the smart greenhouse industry, Argus Control Systems Ltd., provides complete control and monitoring systems. Their cutting-edge solutions offer real-time data on greenhouse conditions, guaranteeing the best possible crop management, energy efficiency, and climate control. Their proficiency in horticulture automation gives them a competitive advantage and establishes them as a preferred option for retail gardens, research institutes, and commercial farmers. Furthermore, their dedication to sustainability and innovation is in line with the market's rising need for environmentally friendly products. Argus Control Systems is a significant player in this market due to its robust industry presence and commitment to supporting the changing demands of the smart greenhouse market.

Offering a large selection of goods and solutions for greenhouse requirements, Greenhouse Megastore is a major player in the smart greenhouse market. Their wide range of products, which includes supplies, equipment, and greenhouse structures, gives them a competitive edge. They serve a wide range of clients, including both enthusiasts and commercial producers. The company has established itself as a dependable option for greenhouse-related products thanks to its dedication to quality, price, and customer service. Thanks to its wide range of products and online platform, Greenhouse Megastore is a force to be reckoned with in the smart greenhouse market, catering to a diverse range of sectors and clients.

Key Companies in the Smart Greenhouse market include

  • Heliospectra AB

  • Rough Brothers Inc. (Gibraltar Industries INC.)

  • Lumigrow Inc.

  • Certhon

  • GreenTech Agro LLC

  • Argus Control System Ltd

  • Logigs

  • Greenhouse Megastore (BFG Supply)

  • Netafim

  • Desert Growing

  • Sensaphone

  • Carbon Book (Motorleaf)

Smart Greenhouse Industry Developments

August 2022: Philips horticulture LED grow light solution was installed by Signify Korea at the 2.8 ha Parm Farm Greenhouse in Nonsan, Chungcheongnam-do, Korea, for the cultivation of tomatoes. In order to increase yields, quicken plant growth, and facilitate the production of higher-quality crops, Parm Farm installed Philips GreenPower toplighting compacts.

January 2022: International Greenhouse Co. Greenhouse Megastore, a wholesaler of hobby and commercial greenhouse buildings and related items, was acquired by BFG Supply in January 2022. Through the acquisition of GMS, BFG will be able to offer a wider range of greenhouse products and services, thereby raising the bar for customer care in the horticulture industry.

Smart Greenhouse Market Segmentation

Smart Greenhouse Type Outlook

  • Hydroponics

  • Non-hydroponics

Smart Greenhouse Covering Material Type Outlook

  • Polycarbonate

  • Others

Smart Greenhouse Offering Outlook

  • Hardware

  • Software & Services

Smart Greenhouse Component Outlook

  • HVAC Systems

  • LED Grow Lights

  • Control System & Sensors

Smart Greenhouse End User Outlook

  • Commercial Growers

  • Research & Educational Institutes

  • Retail Gardens

  • Others

Smart Greenhouse Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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