IMARC Group's report titled "Smart Greenhouse Market by Type (Hydroponic, Non-Hydroponic), Offering (Hardware, Software, Services), End User (Commercial Growers, Research and Educational Institutes, Retail Gardens, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global smart greenhouse market demand. The global market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.38% during 2024-2032.
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Factors Affecting the Growth of the Smart Greenhouse Industry:
- Automation and Control Systems:
Automation and control systems enable precise monitoring and management of environmental conditions within the greenhouse, including temperature, humidity, light levels, and nutrient levels. This precision allows growers to create optimal growing conditions tailored as per specific crops, leading to higher yields and improved crop quality. Moreover, by automating repetitive tasks, such as watering, fertilizing, and pest control, automation systems reduce the need for manual labor in the greenhouse. This not only lowers labor costs but also addresses labor shortages, especially in regions where agricultural labor is scarce or expensive.
- Technological Advancements:
Internet of Things (IoT) technology enables the integration of sensors, actuators, and other devices into greenhouse systems, allowing for real-time monitoring and control of environmental conditions. IoT sensors can collect data on temperature, humidity, light levels, soil moisture, and other parameters, providing growers with valuable insights into crop health and enabling proactive management practices. Furthermore, technological advancements in big data analytics enable growers to collect, store, and analyze large volumes of data generated by smart greenhouse systems. By analyzing this data, growers can identify patterns, trends, and correlations that help optimize growing conditions, predict crop yields, and make informed decisions to improve productivity and profitability.
- Rising Demand for Food Security:
Smart greenhouses allow for the cultivation of a wide range of crops, including those that are traditionally difficult to grow in certain regions or climates. By diversifying crop production, growers can mitigate the risks associated with monoculture farming and crop failures, thus enhancing food security and resilience against pests, diseases, and climate change. In addition, smart greenhouses enable year-round production of fresh fruits, vegetables, and other crops in controlled environments, regardless of seasonal variations or adverse weather conditions. This continuous production ensures a consistent and reliable food supply, reducing dependency on seasonal harvests and external factors that can affect traditional outdoor farming.
Leading Companies Operating in the Global Smart Greenhouse Industry:
Argus Control Systems Limited (Conviron)
Certhon
Heliospectra AB
Netafim (Orbia)
Sensaphone
Smart Greenhouse Market Report Segmentation:
By Type:
Hydroponic
Non-Hydroponic
Hydroponic exhibits a clear dominance in the market attributed to its efficiency in using space and resources, allowing for higher yields and better control over the growing environment.
By Offering:
Hardware
HVAC Systems
LED Grow Lights
Irrigation System
Valves and Pumps
Sensor and Control System
Others
Software
Services
Hardware represents the largest segment due to the essential role of sensors, control systems, and other equipment in automating and optimizing greenhouse environments.
By End User:
Commercial Growers
Research and Educational Institutes
Retail Gardens
Others
Research and educational institutes hold the biggest market share, as these institutions frequently invest in advanced agricultural technologies to study and teach modern farming techniques.
Regional Insights:
Argus Control Systems Limited (Conviron)
Certhon, Heliospectra AB
Netafim (Orbia)
Sensaphone
Europe dominates the market owing to its strong focus on sustainable agriculture practices, rising investments in technology for precision farming, and supportive government policies promoting green and efficient farming techniques.
Global Smart Greenhouse Market Trends:
Smart greenhouses utilize advanced irrigation systems, water recycling technologies, and precision nutrient management practices to optimize water usage and minimize resource wastage. By enhancing resource efficiency, smart greenhouses can produce more food with fewer inputs, making them a sustainable solution to water scarcity and resource constraints in agriculture, thus driving market growth.
Furthermore, advancements in connectivity technologies like wireless networks and cloud computing enable remote monitoring and control of smart greenhouse systems from anywhere with an internet connection. Growers can access real-time data, receive alerts and notifications, and adjust environmental parameters using smartphones, tablets, or computers, offering greater flexibility and convenience in managing greenhouse operations.
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