High-Tech Commercial Greenhouse Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Plastic, Glass), By Component (Heating And Cooling Systems), By Application (Fruits And Vegetables, Flowers And Ornamentals, Nursery Crops) And By Geography - Forecasts From 2019 To 2024

The high-tech commercial greenhouse market is projected to grow at a CAGR of 8.26% to reach US$18.987 billion by 2024. High-tech commercial greenhouses offer superior crop and environmental performance and enormous opportunities for economic and environmental stability. Although these greenhouses are capital intensive they offer a highly productive and an opportunity for the advanced fresh produce industry. Increasing adoption of high-tech commercial in harsh climatic condition and rising automation in the greenhouse industry is expected to be prime drivers for the growth of the market for high-tech commercial greenhouse during the forecast period. In addition, increasing government support with the aim of increasing productivity is further expected to propel the market growth opportunities for vendors and manufacturers of high-tech commercial greenhouse components in the coming years. Geographically, the European region is expected to hold a significant market share in the market owing to the early adoption of technology and extreme weather conditions in many parts of Europe couple with a rising focus towards increasing productivity.

DRIVERS
The decrease in arable land per capita.
Unfavorable conditions in traditional agriculture.

RESTRAINTS
Lack of proper management of greenhouse facilities.

INDUSTRY UPDATE
In May 2019, a five-hectare high-tech greenhouse was launched in the Akhalsky region of Turkmenistan which will be the country’s first greenhouse equipped with advanced cooling and heating systems.
In May 2019, Israel-based agricultural tech company Roots Sustainable Agricultural Technologies Ltd increased tomato plant yield in Spain using its root zone temperature optimization (RZTO) heating systems.
In January 2019, the Ministry of Agriculture and Forestry and Agricultural Credit Cooperative of Turkey take an initiative on high-tech greenhouses of constructing 2 thousand hectares of greenhouses in 2019 with the aim to prevent high prices in fruits and vegetables and to increase productivity throughout the year.

The major players profiled in the High-tech commercial greenhouse market include Richel Group SA, Argus Control Systems Ltd., Certhon, Agra Tech, Inc., Rough Brothers, Inc., Nexus Corporation, Dalsem, MotorLeaf Inc., and Ecosystems group among others.

High-Tech Commercial Greenhouse Market scope:

Report Metric	Details
Market size value in 2024	US$18.987 billion
Growth Rate	CAGR of 8.26% during the forecast period
Base year	2018
Forecast period	2019–2024
Forecast Unit (Value)	USD Billion
Segments covered	Type, Component, Cooling Systems, Application, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	Richel Group SA, Argus Control Systems Ltd., Certhon, Agra Tech, Inc., Rough Brothers, Inc., Nexus Corporation, Dalsem, Ecosystems group, MotorLeaf Inc., J. Huete, SL
Customization scope	Free report customization with purchase

Segmentation

The high-tech commercial greenhouse market has been analyzed through the following segments:

By Type
Plastic
Glass

By Component
Heating system
Heaters
Valves
Vents
Others

Cooling systems
Fans
Cooling pad system
Lighting
Sensors
Others

By Application
Fruits and Vegetables
Flowers and Ornamentals
Nursery Crops

By Geography
North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Others

Asia Pacific
China
Japan
South Korea
India
Others

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