Smart Greenhouse Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (LED Grow Lights, Breeding Acceleration By Computer Control, Automated Pumps, Valves And Fittings, Sensors And Cameras, Heating, Ventilating And Air Cooling System, Others), By Component (Hardware, Software, Services), And By Geography - Forecasts From 2023 To 2028

The smart greenhouse market will grow at a CAGR of 15.36% over the forecast period. The demand for smart greenhouses is increasing on account of improvements in overall productivity and the trend toward indoor farming. In addition, favorable government policies aimed at integrating IoT with the agriculture industry will further boost the demand for these greenhouses.

The however high initial cost of setting up a smart greenhouse will restrict the growing demand for smart greenhouses.  The North American and European regions held a significant share of the market owing to the early adoption of technology and increasing research and development expenditure by vendors so as to develop cost-effective solutions. The Asia Pacific market is expected to witness substantial growth in the coming years due to the increasing population and favourable government policies.

This research study examines the current market trends related to demand, supply, and sales, in addition to recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Smart Greenhouse value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the Smart Greenhouse market.

Major industry players profiled as part of the report are Heliospectra AB, Postscapes, Lumiglow Limited, Certhon, Hort Americas, and Sensaphone among others.

Segmentation

The Smart Greenhouse Market has been analyzed through the following segments:

• By Product

• LED Grow Lights
• Breeding Acceleration by Computer Control
• Automated Pumps, Valves, and Fittings
• Sensors and Cameras
• Heating, Ventilating, and Air Cooling (HVAC) System
• Others

• By Component

• Hardware
• Software
• Services

• By Geography

• • North America

• • • USA
    • Canada
    • Mexico
    • Others

• • South America

• • • Brazil
    • Argentina
    • Others

• • Europe

• • • Germany
    • France
    • United Kingdom
    • Spain
    • Others

• • Middle East and Africa

• • • Saudi Arabia
    • Israel
    • Others

• • Asia Pacific

• • • China
    • Japan
    • South Korea
    • India
    • Others