Smart Greenhouse
PUBLISHED: 2024 ID: SMRC27105
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Smart Greenhouse

Smart Greenhouse Market Forecasts to 2030 - Global Analysis by Type (Hydroponic and Non-hydroponic), Covering Material Type (Polyethylene, Polycarbonate and Other Covering Material Types), Crop Type (Vegetables, Fruits, Flowers, Herbs and Other Crop Types), Component, Size, Technology, End User and By Geography

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4.3 (80 reviews)
Published: 2024 ID: SMRC27105

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smart Greenhouse Market is accounted for $2.14 billion in 2024 and is expected to reach $4.04 billion by 2030 growing at a CAGR of 11.2% during the forecast period. An automated, cutting-edge greenhouse system that combines sensors, control systems, and Internet of Things technology to maximize plant growth is called a smart greenhouse. It ensures optimal growing conditions by continuously monitoring and regulating environmental factors like temperature, humidity, light, and soil moisture. Smart greenhouses are vital to modern agriculture's sustainable and effective food production due to their ability to increase crop yield, utilize fewer resources, and support precise farming techniques.  

According to a study published in ScienceDirect, smart greenhouses are a crucial component of precision agriculture, which is increasingly relying on digital technologies.

Market Dynamics:

Driver: 

Increasing demand for fresh and organic produce

The growing consumer preference for fresh, organic, and locally sourced produce is driving the smart greenhouse market. Smart greenhouses enable year-round cultivation of high-quality fruits and vegetables, meeting the increasing demand for pesticide-free and nutritious food. This technology allows for precise control of growing conditions, resulting in higher yields and better quality produce. As health-conscious consumers seek transparency in food production, smart greenhouses offer traceability and sustainable farming practices, further fueling market growth.

Restraint:

Lack of standardized practices

Without established guidelines, growers face challenges in implementing and optimizing smart greenhouse technologies effectively. This lack of standardization can lead to inconsistent results, difficulties in comparing performance across different systems, and potential inefficiencies in resource utilization. Additionally, it may hinder the adoption of smart greenhouse solutions by traditional farmers who are hesitant to invest in unfamiliar technologies without clear industry standards and best practices to follow.

Opportunity:

Integration of renewable energy

By incorporating solar panels, wind turbines, or geothermal systems, smart greenhouses can reduce their reliance on conventional power sources, lowering operational costs and improving sustainability. This integration aligns with global efforts to reduce carbon emissions and promotes eco-friendly farming practices. Moreover, it enhances the appeal of smart greenhouses to environmentally conscious consumers and investors, potentially opening up new market segments and driving innovation in energy-efficient greenhouse technologies.

Threat:

Competition from traditional agriculture

Established farming methods, with their lower initial investment costs and familiarity among farmers, continue to dominate the agricultural landscape. Traditional agriculture's ability to produce large quantities of crops at competitive prices challenges smart greenhouse adoption. Additionally, resistance to change and skepticism about new technologies among conventional farmers may slow market growth. The perception that smart greenhouse produce is more expensive could also limit consumer acceptance, potentially hindering market expansion in price-sensitive regions.

Covid-19 Impact: 

The COVID-19 pandemic initially disrupted supply chains and labor availability in the smart greenhouse market. However, it also highlighted the importance of local food production and food security, accelerating the adoption of smart greenhouse technologies. The pandemic increased demand for contactless farming solutions and emphasized the need for resilient agricultural systems, potentially boosting long-term market growth.

The non-hydroponic segment is expected to be the largest during the forecast period

The non-hydroponic segment is projected to dominate the smart greenhouse market. This segment's popularity stems from its versatility and compatibility with a wide range of crops. Non-hydroponic systems often require less technical expertise and initial investment compared to hydroponic setups, making them more accessible to a broader range of growers. Additionally, the integration of smart technologies in non-hydroponic greenhouses allows for precise control of soil conditions, irrigation, and nutrient management, enhancing yields and quality.

The polycarbonate segment is expected to have the highest CAGR during the forecast period

The polycarbonate segment is anticipated to experience the highest growth rate in the smart greenhouse market. Polycarbonate's popularity is driven by its excellent light transmission properties, durability, and energy efficiency. This material offers superior insulation, reducing heating costs and improving overall greenhouse performance. Polycarbonate panels are lightweight, easy to install, and resistant to UV radiation, making them ideal for long-term use in various climates. As smart greenhouse technology advances, polycarbonate's compatibility with sensors and automated systems further contributes to its rapid adoption.

Region with largest share:

Europe's dominance in the smart greenhouse market is attributed to several factors. The region's strong focus on sustainable agriculture, stringent environmental regulations, and high consumer demand for locally grown, high-quality produce drive market growth. European countries have a long history of greenhouse cultivation and are at the forefront of smart greenhouse technology adoption. The region's well-developed infrastructure, research institutions, and government support for agricultural innovation contribute to its market leadership. Additionally, Europe's climate challenges make smart greenhouses an attractive solution for year-round crop production, further solidifying its market position.

Region with highest CAGR:

The Asia Pacific region's rapid growth in the smart greenhouse market is driven by increasing population, urbanization, and rising disposable incomes. Countries like China, Japan, and South Korea are investing heavily in agricultural technology to address food security concerns and improve crop yields. The region's diverse climates and limited arable land make smart greenhouses an attractive solution for sustainable agriculture. Additionally, government initiatives promoting modern farming techniques and the adoption of IoT in agriculture are accelerating market growth, positioning Asia Pacific as a key player in the global smart greenhouse industry.

Key players in the market

Some of the key players in Smart Greenhouse Market include Heliospectra AB, Prospiant, Inc., Cultivar Greenhouse Ltd, Kubo Greenhouse Projects B.V., Certhon Group, Argus Control Systems Ltd, Netafim Irrigation Inc., Sensaphone, Nexus Corporation, Rough Brothers, Inc., LumiGrow Inc., GreenTech Agro LLC, Desert Growing, Luiten Greenhouses, Agra Tech Inc., Greenhouse Megastore, Terrasphere Systems LLC, and Palram.

Key Developments:

In May 2024, WA3RM has joined forces with the world's leading supplier of high-tech greenhouses, KUBO, to usher in a new era in vegetable production. The goal is to set up to 200 acres of modern greenhouses powered by waste heat from industrial processes. ""We have great confidence in working with KUBO as a key technology partner to exploit all the opportunities to make Scandinavia a hub for vegetable production in Europe. We strongly believe that Sweden and Scandinavia have the potential to significantly increase their self-sufficiency of vegetables and possibly even become net exporting countries,"" says Jacques Ejlerskov, CEO of WA3RM AB.

In November 2022, Prospiant, the agritech business unit of Gibraltar Industries, Inc., today announced the launch of pre-engineered solutions by Prospiant to help cannabis cultivators more quickly generate revenue. With three specific solutions — Hybrid Vail, Indoor Grow and Sealed Venlo — the line is geared to provide cannabis cultivators with greenhouse growing solutions unique to their challenges.

Types Covered:
• Hydroponic
• Non-hydroponic

Covering Material Types Covered:
• Polyethylene
• Polycarbonate
• Other Covering Material Types

Crop Types Covered:
• Vegetables
• Fruits
• Flowers
• Herbs
• Other Crop Types

Components Covered:
• Hardware
• Software
• Services

Sizes Covered:
• Small-sized
• Medium-sized
• Large-sized

Technologies Covered:
• Automated Greenhouses
• IoT-Enabled Greenhouses
• Sensor-Based Control Systems
• Other Technologies

End Users Covered:
• Farmers
• Commercial Growers
• Educational Institutions
• Research Organizations
• Government Agencies

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Technology Analysis       
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Smart Greenhouse Market, By Type        
 5.1 Introduction       
 5.2 Hydroponic       
 5.3 Non-hydroponic       
         
6 Global Smart Greenhouse Market, By Covering Material Type        
 6.1 Introduction       
 6.2 Polyethylene       
 6.3 Polycarbonate       
 6.4 Other Covering Material Types       
         
7 Global Smart Greenhouse Market, By Crop Type        
 7.1 Introduction       
 7.2 Vegetables       
 7.3 Fruits       
 7.4 Flowers       
 7.5 Herbs       
 7.6 Other Crop Types       
         
8 Global Smart Greenhouse Market, By Component        
 8.1 Introduction       
 8.2 Hardware       
  8.2.1 Sensors      
  8.2.2 Climate Control Systems      
  8.2.3 Irrigation Systems      
  8.2.4 Lighting Systems      
  8.2.5 HVAC Systems      
 8.3 Software       
  8.3.1 Data Management      
  8.3.2 Control Systems      
  8.3.3 Monitoring Systems      
 8.4 Services       
  8.4.1 Installation      
  8.4.2 Maintenance      
  8.4.3 Consulting      
         
9 Global Smart Greenhouse Market, By Size        
 9.1 Introduction       
 9.2 Small-sized       
 9.3 Medium-sized       
 9.4 Large-sized       
         
10 Global Smart Greenhouse Market, By Technology        
 10.1 Introduction       
 10.2 Automated Greenhouses       
 10.3 IoT-Enabled Greenhouses       
 10.4 Sensor-Based Control Systems       
 10.5 Other Technologies       
         
11 Global Smart Greenhouse Market, By End User        
 11.1 Introduction       
 11.2 Farmers       
 11.3 Commercial Growers       
 11.4 Educational Institutions       
 11.5 Research Organizations       
 11.6 Government Agencies       
         
12 Global Smart Greenhouse Market, By Geography        
 12.1 Introduction       
 12.2 North America       
  12.2.1 US      
  12.2.2 Canada      
  12.2.3 Mexico      
 12.3 Europe       
  12.3.1 Germany      
  12.3.2 UK      
  12.3.3 Italy      
  12.3.4 France      
  12.3.5 Spain      
  12.3.6 Rest of Europe      
 12.4 Asia Pacific       
  12.4.1 Japan      
  12.4.2 China      
  12.4.3 India      
  12.4.4 Australia      
  12.4.5 New Zealand      
  12.4.6 South Korea      
  12.4.7 Rest of Asia Pacific      
 12.5 South America       
  12.5.1 Argentina      
  12.5.2 Brazil      
  12.5.3 Chile      
  12.5.4 Rest of South America      
 12.6 Middle East & Africa       
  12.6.1 Saudi Arabia      
  12.6.2 UAE      
  12.6.3 Qatar      
  12.6.4 South Africa      
  12.6.5 Rest of Middle East & Africa      
         
13 Key Developments        
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 13.2 Acquisitions & Mergers       
 13.3 New Product Launch       
 13.4 Expansions       
 13.5 Other Key Strategies       
         
14 Company Profiling        
 14.1 Heliospectra AB       
 14.2 Prospiant, Inc.       
 14.3 Cultivar Greenhouse Ltd       
 14.4 Kubo Greenhouse Projects B.V.       
 14.5 Certhon Group       
 14.6 Argus Control Systems Ltd       
 14.7 Netafim Irrigation Inc.       
 14.8 Sensaphone       
 14.9 Nexus Corporation       
 14.10 Rough Brothers, Inc.        
 14.11 LumiGrow Inc.       
 14.12 GreenTech Agro LLC       
 14.13 Desert Growing       
 14.14 Luiten Greenhouses       
 14.15 Agra Tech Inc.       
 14.16 Greenhouse Megastore       
 14.17 Terrasphere Systems LLC       
 14.18 Palram       
         
List of Tables         
1 Global Smart Greenhouse Market Outlook, By Region (2022-2030) ($MN)        
2 Global Smart Greenhouse Market Outlook, By Type (2022-2030) ($MN)        
3 Global Smart Greenhouse Market Outlook, By Hydroponic (2022-2030) ($MN)        
4 Global Smart Greenhouse Market Outlook, By Non-hydroponic (2022-2030) ($MN)        
5 Global Smart Greenhouse Market Outlook, By Covering Material Type (2022-2030) ($MN)        
6 Global Smart Greenhouse Market Outlook, By Polyethylene (2022-2030) ($MN)        
7 Global Smart Greenhouse Market Outlook, By Polycarbonate (2022-2030) ($MN)        
8 Global Smart Greenhouse Market Outlook, By Other Covering Material Types (2022-2030) ($MN)        
9 Global Smart Greenhouse Market Outlook, By Crop Type (2022-2030) ($MN)        
10 Global Smart Greenhouse Market Outlook, By Vegetables (2022-2030) ($MN)        
11 Global Smart Greenhouse Market Outlook, By Fruits (2022-2030) ($MN)        
12 Global Smart Greenhouse Market Outlook, By Flowers (2022-2030) ($MN)        
13 Global Smart Greenhouse Market Outlook, By Herbs (2022-2030) ($MN)        
14 Global Smart Greenhouse Market Outlook, By Other Crop Types (2022-2030) ($MN)        
15 Global Smart Greenhouse Market Outlook, By Component (2022-2030) ($MN)        
16 Global Smart Greenhouse Market Outlook, By Hardware (2022-2030) ($MN)        
17 Global Smart Greenhouse Market Outlook, By Sensors (2022-2030) ($MN)        
18 Global Smart Greenhouse Market Outlook, By Climate Control Systems (2022-2030) ($MN)        
19 Global Smart Greenhouse Market Outlook, By Irrigation Systems (2022-2030) ($MN)        
20 Global Smart Greenhouse Market Outlook, By Lighting Systems (2022-2030) ($MN)        
21 Global Smart Greenhouse Market Outlook, By HVAC Systems (2022-2030) ($MN)        
22 Global Smart Greenhouse Market Outlook, By Software (2022-2030) ($MN)        
23 Global Smart Greenhouse Market Outlook, By Data Management (2022-2030) ($MN)        
24 Global Smart Greenhouse Market Outlook, By Control Systems (2022-2030) ($MN)        
25 Global Smart Greenhouse Market Outlook, By Monitoring Systems (2022-2030) ($MN)        
26 Global Smart Greenhouse Market Outlook, By Services (2022-2030) ($MN)        
27 Global Smart Greenhouse Market Outlook, By Installation (2022-2030) ($MN)        
28 Global Smart Greenhouse Market Outlook, By Maintenance (2022-2030) ($MN)        
29 Global Smart Greenhouse Market Outlook, By Consulting (2022-2030) ($MN)        
30 Global Smart Greenhouse Market Outlook, By Size (2022-2030) ($MN)        
31 Global Smart Greenhouse Market Outlook, By Small-sized (2022-2030) ($MN)        
32 Global Smart Greenhouse Market Outlook, By Medium-sized (2022-2030) ($MN)        
33 Global Smart Greenhouse Market Outlook, By Large-sized (2022-2030) ($MN)        
34 Global Smart Greenhouse Market Outlook, By Technology (2022-2030) ($MN)        
35 Global Smart Greenhouse Market Outlook, By Automated Greenhouses (2022-2030) ($MN)        
36 Global Smart Greenhouse Market Outlook, By IoT-Enabled Greenhouses (2022-2030) ($MN)        
37 Global Smart Greenhouse Market Outlook, By Sensor-Based Control Systems (2022-2030) ($MN)        
38 Global Smart Greenhouse Market Outlook, By Other Technologies (2022-2030) ($MN)        
39 Global Smart Greenhouse Market Outlook, By End User (2022-2030) ($MN)        
40 Global Smart Greenhouse Market Outlook, By Farmers (2022-2030) ($MN)        
41 Global Smart Greenhouse Market Outlook, By Commercial Growers (2022-2030) ($MN)        
42 Global Smart Greenhouse Market Outlook, By Educational Institutions (2022-2030) ($MN)        
43 Global Smart Greenhouse Market Outlook, By Research Organizations (2022-2030) ($MN)        
44 Global Smart Greenhouse Market Outlook, By Government Agencies (2022-2030) ($MN)        
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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