This market analysis includes a detailed segmentation of the global smart greenhouse market by technology (lighting, climate control, irrigation, and control systems) and by application (hydroponic and non-hydroponic). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this report are Heliospectra, LumiGrow, Nexus, and Rough Brothers.
Technavio has released a new market research report on the global smart greenhouse market, which is expected to grow at a CAGR of 17% between 2016 and 2020. Smart greenhouses use artificial intelligence devices, sensors, and control devices that facilitate irrigation, automation, and control of the environment. These greenhouses protect crops from diseases, pests, and harsh weather conditions, while at the same time consuming low amount of power and allowing remote access to the farmers. EMEA is the largest revenue-generating region in the smart greenhouse market, accounting for 40% of the overall market share. The recent increase in the use of smart greenhouse technologies across various regions like Spain, the Netherlands, and Italy will result in the growth of this market in EMEA during the forecast period.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Smart technologies are one of the most effective source of improving energy efficiency. The growers in the market are using LED grow lights and smart heating and cooling technologies to reduce their power consumption, thus reducing costs. Sensors, power strips, and control devices help to achieve the optimal temperature required for the healthy growth of crops. The centralized network allows for the continuous monitoring of temperature, which can be sent for analysis to further improve the process,” says Vishu Rai, Lead Analyst, Energy, Technavio Research
The non-hydroponic market segment dominates the smart greenhouse market, and is expected to occupy more than 67% of the total market share by 2020. The rising demand for improved productivity and efficiency in power and water consumption has led to the use of smart technologies in indoor farming. Smart devices and sensors placed in the soil help to detect the moisture content of the soil and the level of humidity in the air, which in turn results in better irrigation.
The key players in the global smart greenhouse market are Heliospectra, LumiGrow, Nexus, and Rough Brothers. The market is fragmented due to the presence of numerous established local and multinational vendors. In several regions, the local or regional vendors dominate the market, which in turn will bolster the level of competition in the next four years.
A more detailed analysis is available in the Technavio report, Global Smart Greenhouse Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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