Report ID: UCMIG20H2001 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: Figures:Tractor Market
Report ID: SQMIG20H2008 | Region: Global | Published Date: August, 2022 | Pages: 157 | Tables: 92 | Figures: 66
Global smart greenhouse market was valued at USD 1.56 billion in 2021, and it is expected to reach a value of USD 2.92 billion by 2028, at a CAGR of 9.17% over the forecast period (2022–2028).
Smart greenhouse greenhouse employs automated crop cultivation. Wherein, crops can grow for a specific amount of time without any climatic modification or human intervention. Smart greenhouses use a variety of microprocessors and sensors to carry out tasks including managing the irrigation system and temperature. The main goal of the smart greenhouse is to increase farmer productivity and yield better agricultural results.
Smart greenhouse market is expanding as a result of the rising demand for organic food around the world and the rapid uptake of IoT and AI by farmers and agriculturists. The market's expansion is also fueled by how simple it is to monitor and harvest crops. However, the expansion is hampered by high investment costs brought on by the usage of pricey technology in smart greenhouses. On the other hand, it is anticipated that growing public-private partnerships in the agriculture sector and increased usage of vertical farming technologies would offer attractive potential for market expansion.
A smart greenhouse transforms agriculture by creating a self-regulating microclimate environment for the development of a variety of plants in accordance with their ideal circumstances. It is accomplished through indoor farming, which helps to optimise and automate the growth process by using sensors, monitoring, and control systems. As per Planning and Statistics Authority of Qatar, the output of the most popular vegetables in the nation in greenhouses and open fields went from 31.573 tonnes in 2010 to 66.500 tonnes in 2019, a rise of around 110 %.
Modern sensor and communications technology is installed in smart greenhouses, which automatically collect and communicate data about their surroundings and crops seven days a week. To find bottlenecks and abnormalities, data is gathered and transferred into an IoT platform, where analytical algorithms turn it into usable intelligence. By obtaining extensive crop information, a smart greenhouse enables farmers to save labour costs, boost resource and chemical efficiency, and raise output rates. The market for IoT and AI-based agricultural solutions is anticipated to expand as demand for organic food rises around the world and farmers adopt technology at an increasing rate.
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global smart greenhouse market is segmented based on Type, Component, End-User and Region. Based on the Type, the Global Smart Greenhouse Market is segmented Hydroponic and Non-Hydroponic. Based on the Component, the Global Smart Greenhouse Market is segmented into LED Grow Lights, HVAC Systems, Irrigation Systems, Controlling Systems, and Irrigation Systems. Based on the End-User, the market is divided into Commercial Growers, Research & Educational Institutes, Retail Gardens and Others. Based on Region, it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
By type, smart greenhouse market is bifurcated into hydroponic and non-hydroponic. Hydroponics is currently dominating the market. The segment is gaining the demand from the large number of farmers since it has the capability to produce higher yield. In addition to this, the produce is often referred as residue free, which attract a lot of consumers’ attention to the technology.
Analysis by Component
By component, smart greenhouse market sub-segmented into LED Grow Lights, HVAC Systems, Irrigation Systems, Controlling Systems, and Irrigation Systems. Due to the need for expensive equipment like HVAC, control systems, LED grow lights, and sensors in smart greenhouses, LED grow lights now occupy the largest market share in this industry. An array of LEDs that have been specifically created for use in smart greenhouse applications make up the LED grow light unit. Although pricey, LED grow lights are a crucial component of a smart greenhouse.
Analysis by End- User
The research and educational institutions sector dominated the smart greenhouse market in terms of end users. For public or private study, businesses are giving research & educational institutions smart greenhouses. By incorporating various plant systems and plant research tools into their designs for these research facilities, they are able to offer fully working smart greenhouse facilities. Depending on the needs of the research activities to be conducted, research greenhouses might be modest or enormous. For instance, Nexus Corporation creates 500-square-foot smart greenhouses for high school programmes in addition to 15,000-square-foot cutting-edge research facilities. The primary end users in the global smart greenhouses market are research and educational institutions since they conduct study on various plants, fruits, and vegetables and give students on campuses and schools practical experience.
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Asia Pacific smart greenhouse market is projected to grow at the highest CAGR during the forecast period due to the rising demand for fresh food in countries like China and India. Resources are few, and the area is rapidly becoming more urbanised. Growers would need to embrace smart technologies to meet the demand. This is putting pressure on the existing resources to meet the growing demand for agricultural output.
Europe is anticipated to hold the largest market share of the smart greenhouses market. The region's agriculture sector employs highly skilled professionals and cutting-edge technology. With one of the strongest economies in the world and a wide variety of industries, Europe has greater potential for capital investments. Similar to this, North America's smart greenhouse market is anticipated to expand over the forecast period due to the region's dominance of the global smart agricultural sector.
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As the world becomes increasingly reliant on clean energy, sustainable farming practices are becoming more and more important. One such practice is growing crops in smart greenhouses, which use sensors and automation to optimize climate and energy usage.
According to a study by SkyQuest, the smart greenhouse market will grow at a healthy CAGR during the forecast period. This growth is due in part to increased awareness of the benefits of using smart greenhouses, as well as the increasing demand for food that is both sustainable and affordable. In addition, governments are increasingly funding research and development in this area, meaning that there are plenty of innovations to be made in the coming years.
One major player in the smart greenhouse market is Intel Corporation, which has developed a series of products designed to make it easier for growers to adopt this type of farming. These products include the Intel Greenhouse Software Development Kit (IntelGGSDK), which provides software developers with tools needed to create smart greenhouses, and the Intel Edison platform, which is used to power these devices.
The market is seeing investments in Artificial Intelligence (AI). For example, MetoMotion, a business that develops sophisticated, intelligent robotic solutions to help farmers with farm activities, raised USD 5 million in funding in September 2021. The financing was supported by Navus Ventures, a family investment company run by Lely, and Ridder, a well-known greenhouse technology company. Sirius VC also took part in the round. The GRoW robot from MetoMotion uses the most recent AI-based processors for 3D vision to bring cutting-edge technology into the greenhouse. The robot's particular shape is a result of specifically designed, flexible motion control and path-planning algorithms, which match the current greenhouse environment.
The smart greenhouse concept may offer the grower a number of benefits, but the market growth is being constrained by the high investment costs associated with the deployment of pricey technology. Additionally, there is an increase in the use of vertical farming technology, which is an energy-intensive method of growing crops that combines several technologies, including artificial intelligence, robotics, the Internet of Things, big data analysis, and others. To increase crop growth efficiency the installation of pricey systems like HVAC, control systems, LED grow lights, and sensors is necessary for smart greenhouses. An array of LEDs that have been specifically created for use in smart greenhouse applications make up the LED grow light unit. Although pricey, LED grow lights are a crucial component of a smart greenhouse. The devices include various LED light kinds with varying wattages and wavelengths that are necessary for supplying the necessary light for the particular plant species. Thus, the installation of LED technology for smart greenhouses is delayed as a result of this extensive lighting system.
Installation costs can be high. In fact, according to the Greenhouse Association of America, the average cost of installing a greenhouse is $14,000. That's more than three times the cost of installing a traditional home structure!
-Greenhouses need regular maintenance and repairs. For example, they may need to be cleaned and reseeded every year, and they often need replaced parts such as roofing or glass windows.
-The upfront costs don't necessarily mean that greenhouses are expensive long-term. However, if you plan on using your greenhouse for a long time, it's worth investing in quality materials and components that will last.
There is no industry standard for the management of farm data in the global smart greenhouse market. As the smart greenhouse features micro-suppressors and sensors that are needed to carry out various tasks like controlling temperature and irrigation systems, the data received from these systems is of utmost importance. In a sophisticated greenhouse, any kind of fruit, plant, or vegetable can be grown at any time of the year. These data must be carefully handled and stored as they are utilised to make the productive decisions necessary for the development of a certain crop. A successful farming technique relies on these data to assess the farm's state. To enhance the choices made for efficient farm management. The management of the data must be done correctly. Additionally, a lot of farmers and cultivators in the global smart greenhouse market are unaware of how to use this data to make smart decisions. As a result, it has become difficult to educate farmers and cultivators on how to use technologies and procedures for data management in an efficient manner.
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Nexus Corporation, Argus Control Systems Limited, Certhon, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd., Heliospectra AB, and LumiGrow are some of the key players in the global smart greenhouse market. These businesses want to increase generating productivity while utilising resources like labour as sparingly as possible. To find and stop infections and diseases in crops, they are also working and spending enormous sums of money on research and development. For instance, LumiGrow and Scanit Technologies have introduced LumiGrow SporeCam sensors for early disease detection, allowing farmers to examine and find illnesses like Powdery Mildew and Botrytis. This will assist farmers in crop optimization, preventative measures, and necessary crop care which will to minimize the yield loss. Smaller vendors are anticipated to dominate the global smart greenhouse market in local areas while larger vendors are anticipated to battle fiercely for obtaining large-scale projects. Due to the distribution of their presence along the value chain and their capacity to reduce risk, major suppliers that provide integrated products are anticipated to control a bigger part of the adoption of their solutions.
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According to our global smart greenhouse market analysis, growing global smart greenhouse adoption, increased investments in artificial intelligence and Internet of Things (IoT)are some major factors driving the growth of the global Smart Greenhouse market.
|Market size value in 2021||USD 1.56 billion|
|Market size value in 2028||USD 2.92 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Smart Greenhouse Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Smart Greenhouse Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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