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Smart Greenhouse Market by Technology, Type, and Geography - Forecast to 2020

Smart Greenhouse Market: Forecast until 2020

  • July 2015
  • 99 pages
  • ID: 3139672
In this report:
HVAC systems are expected to witness faster growth in hydroponic greenhouses and its market size is projected to increase from $##.## million in 2014 to $##.## million by 2020, at a CAGR of ##.##% from 2015 to 2020.
The APAC region is expected to witness the fastest growth for valves & pumps in smart greenhouses and its market size is expected to increase from $##.## million in 2014 to $##.## million by 2020, at a CAGR of ##.##% from 2015 to 2020.

Summary

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A greenhouse is a structure used for increasing plants in a controlled environment. The increase in population in urban areas leads to a domino effect for increased food production, wherein through natural lighting, food can be produced on seasonal basis. Owing to this, smart greenhouses use advanced technologies to offer the required environment for high yield. Hydroponic and non-hydroponic are types of smart greenhouses used for urban farming. Traditionally, majority of the greenhouses used soil as the base for increasing plants. On the other hand, hydroponic or soil-less horticulture has recently started gaining popularity in the greenhouse sector. Both techniques of crop cultivation have certain benefits of their own. The primary concern of growers while selecting hydroponics or soil-less technique greenhouses is the availability of technical infrastructure, skilled workforce to assist in installation & operation, capital requirement, and environmental factors.

Earlier, the netherlands (NL) used greenhouses for the development of urban farming and fulfill the requirement of urban customers. Nevertheless, with advancements in technology, every area is attesting an impressive increase in this sector. Non-hydroponic increasing technique is favored all over and held the biggest share in the global smart greenhouse market. Non-hydroponic technique makes use of soil as the base for increasing plants. Traditional controlled environment agriculture began by using soil as the base for all plants due to its easy availability and less initial infrastructure costs. That is why, even today a majority of greenhouses across the globe follow this technique. In non-hydroponic greenhouses, proper review of the soil needs to be performed to determine the type of plant and achieve greater yields. Presently, this industry is worth ~$453.3M in 2015 and is estimated to grow with a compound annual growth rate (CAGR) of ~13.1 percent between 2015 and 2022.

The technology segments for smart greenhouses included in this analysis contain HVAC, LED grow light, communication technology, irrigation systems, material handling, valves & pumps, control systems, and others. Each type and technology is analyzed both in terms of qualitative and quantitative aspects, and it includes all sub-segments with an in-depth study. The competitive landscape section of the report primarily focuses on main industry actors in the smart greenhouse market, their latest developments, and respective market shares. Moreover, the market research entails emerging market trends, advancements in the technological space, market demand of segments, top increase areas, market value, region-wise demand factors, and main competitors' review.

The geographic segmentation of the report includes four main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe. The report also profiles main actors in the smart greenhouse market. Some of the main players in this sector are GreenTech Agro LLC, Nexus Corporation, Certhon, Logiqs B.V., Hort Americas, Argus Control System Ltd., LumiGrow Inc., Heliospectra AB, Terrasphere Systems, Limited liability company, and Rough Brothers, Incorporated.

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Greenhouse

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