Smart Greenhouse Market Outlook, Key players and Opportunity 2024–2032

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”, The global smart greenhouse 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.

Grab a sample PDF of this report: https://www.imarcgroup.com/smart-greenhouse-market/requestsample

Factors Affecting the Growth of the Smart Greenhouse Industry:

• Technological Advancements:

The continuous advancements in technology, particularly the integration of the internet of things (IoT) and artificial intelligence (AI), are allowing for real-time monitoring and control of environmental conditions, optimizing the growth conditions for plants without human intervention. Sensors within these greenhouses can monitor various parameters like temperature, humidity, soil pH, and light intensity, enabling precise control over the internal climate. Automated systems can adjust conditions based on the data collected, leading to more efficient resource use, such as water and energy. IoT integration not only increases yield and quality but also reduces operational costs, making farming more sustainable. As technology becomes more accessible and cost-effective, more growers are adopting smart greenhouse solutions to enhance productivity and sustainability.

• Environmental Concerns and Sustainability Goals:

Traditional farming methods often involve excessive water usage and chemical inputs, which can lead to environmental degradation. Smart greenhouses mitigate these issues by utilizing advanced systems like hydroponics, aeroponics, and aquaponics, which notably reduce water and fertilizer use. They also minimize the carbon footprint associated with traditional farming by optimizing resource allocation and reducing the need for pesticides through better pest management practices. Many countries are actively promoting sustainable farming practices to combat climate change, which in turn drives investment and development in smart greenhouse technologies. By enabling more sustainable agricultural practices, smart greenhouses align well with efforts to reduce environmental impact and promote ecological balance in farming.

• Advancements in Genetic Crop Engineering:

The integration of genetically engineered crops within smart greenhouses is supporting the market growth. Genetically modified plants that are designed to thrive under specific conditions can be optimally grown in controlled environments like smart greenhouses. These crops can be engineered to exhibit traits, such as enhanced nutritional value, resistance to pests and diseases, and higher yield. When combined with the precise environmental control available in smart greenhouses, genetically engineered crops can achieve maximum productivity and efficiency. This synergy not only improves crop yields but also ensures consistent quality, which is vital for market acceptance and user satisfaction. The continuous advances in biotechnological research are resulting in higher utilization of genetically engineered crops in smart greenhouses, supporting the sustainable intensification of agricultural production.

Leading Companies Operating in the Global Smart Greenhouse Industry:

• Cummins Inc. (Stamford-Avk)
• Mecc Alte SpA
• Leroy-Somer, Inc.
• Valeo Service SAS
• DENSO Europe BV
• Hyundai Electric & Energy Systems Co., Ltd

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:

The integration of vertical farming techniques with smart greenhouse technologies maximizes the use of vertical space to increase yield per square foot, making it ideal for urban settings where land is scarce.

Additionally, there is an increase in focus on energy-efficient designs that incorporate renewable energy sources, such as solar panels and geothermal energy, to power greenhouse operations. This not only reduces the carbon footprint but also cuts operational costs over time.

Moreover, the development of more sophisticated machine learning (ML) algorithms is enabling more accurate predictions of crop growth patterns and potential diseases, facilitating preemptive actions and reducing losses.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1–631–791–1145 | United Kingdom: +44–753–713–2163