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Smart Greenhouse Market by Type (Hydroponic Greenhouses, Non-Hydroponic Greenhouses), by Technology (HVAC Systems, LED Grow Lights, Sensors and Control Systems, Irrigation System, Pumps and valves, Material handling), by Components (Hardware, Software, Services), by End-User (Commercial Smart Greenhouses, Large-Scale Commercial Greenhouses, Small and Medium-Scale Commercial Greenhouses, Residential Smart Greenhouses, Research and Educational Institutes), by Application (Floriculture, Fruits and Vegetables, Nurseries), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Smart Greenhouse Market was valued at USD 2 Billion in 2023 and is projected to reach USD 3.90 Billion by 2032, with an expected CAGR of 10% during the forecast period. The Smart Greenhouse Market accentuates the application of cutting-edge technologies to enhance the cultivating conditions inside greenhouses to improve crop yield, effectiveness, and eco-friendliness. These greenhouses utilize IoT, AI, climate control, sensors, automation, and data analytics to oversee and control temperature, humidity, light, CO2 levels, and soil moisture instantly. The market is influenced by the rising desire for sustainable agricultural solutions, the necessity to improve food production in cities, and the increasing worry about environmental issues like climate change and water scarcity. Intelligent greenhouses allow for accurate management of growth conditions, lower waste of resources, and increase crop production while lessening environmental harm. The increasing popularity of urban farming, vertical farming, and a preference for fresh, locally grown produce also contributes to the adoption of these systems. The Smart Greenhouse Market is projected to grow significantly due to the increasing global food demand, revolutionizing conventional agriculture with technology-based solutions for improved efficiency and sustainability.
The Smart Greenhouse Market is moderately concentrated, with few dominant players accounting for a significant market share. The market is highly innovative, with companies constantly investing in research and development to improve greenhouse technology and efficiency. The market is also influenced by regulations related to environmental sustainability and food safety. The end-user concentration is diverse, ranging from commercial farmers to research institutions. The level of M&A is moderate, with companies acquiring smaller players to expand their product offerings and geographical reach.
Key market insights include the increasing adoption of IoT (Internet of Things) and sensor technologies for real-time monitoring and control of greenhouse conditions. The use of AI and machine learning is also gaining traction for optimizing crop yields and reducing operating costs. The rising popularity of vertikale landbouw is creating new opportunities for the smart greenhouse market, as companies seek to maximize space and resources in urban areas. Sustainability remains a key trend, with companies focusing on energy efficiency and water conservation in greenhouse operations.
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The report provides comprehensive insights into the Smart Greenhouse Market, addressing the following aspects:
Market Size: The Smart Greenhouse Market is valued at 2 Billion in 2023 and is projected to reach 5.5 Billion by 2030.
Market Share: Argus Control Systems Ltd. holds the leading market share, followed by Certhon and GreenTech Agro LLC.
Growth: The market is expected to grow at a CAGR of 10% during the forecast period.
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November 2022: Certhon introduced SupriSun, a greenhouse offering precise lighting control and temperature management.
August 2022: Signify Korea installed a Philips horticulture LED grow light solution at the Parm Farm Greenhouse for tomato production.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 10% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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