A
greenhouse
is a glasshouse or a hothouse in which plants are grown in a
controlled environment. It is structure which captures solar
radiations and provide favorable environment for growth of plants.
SSmart greenhouse is a type of farming technique used for cultivating
crops without the requirement of human intervention. Recently, the
traditional agriculture techniques are gradually being replaced with
automated urban farming methods. Transition from traditional
agricultural methods with advanced urban farming is driving the
growth of this market. Traditional greenhouse used soil as the
foundation for growing plants. However, in the past few years use of
soil-less and hydroponic horticulture are gaining popularity in green
house industry.
The
major factor driving the growth of smart greenhouse market is due to
the rising need for smart farming techniques to meet the demands of
energy efficiency from customers. Moreover, the smart greenhouse
market is expected to see a robust growth during the forecast period
owing to the rising population. Additionally, rooftop farming in
urban regions is on the rise, further aiding the market growth.
However, high initial investment cost for setting up smart
greenhouses is posing as a major restraint to this market. Emerging
vertical farming techniques in urban regions is creating new
opportunities for various players in the market. Moreover, demand for
advanced smart greenhouse farming technologies also paving new
opportunities in smart greenhouse market. Overall smart greenhouse
market is expected to see a robust growth during the forecast period.
The
market is segmented on the basis of technologies into: material
handling, valves and pumps, heating, ventilation and air conditioning
(HVAC), communication technology, LED grow light, irrigation systems,
control systems and others. LED grow light segment holds the largest
market share in terms of revenue during the forecast period. Rising
need for long lasting and energy-efficient lighting technology is
driving the growth of this segment. Furthermore, the market can be
segmented on the basis of type by: hydroponic and non-hydroponic.
Presently, majority of the market share is captured by non-hydroponic
type smart greenhouse and expected to maintain its dominance during
the forecast period. However, the hydroponic type has the highest
growth potential over the forecast period.
Among
all the regions, Europe holds the largest market share of smart
greenhouse market. The growth in this region is due to the early
adoption of smart greenhouse technology. However, Asia pacific and
Rest of the world regions is expected to witness a robust growth
during the forecast period owing to the increasing population and
presence of growing economies in the region. Moreover, increasing
urbanization in these regions is further aiding the market growth.
Some
of the key players in this market are: 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 among others.
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