Global Smart Greenhouse Market Report and Forecast 2024-2032

Global Smart Greenhouse Market Outlook

The global smart greenhouse market size reached approximately USD 1.97 billion in 2023. The market is projected to grow at a CAGR of 10.1% between 2024 and 2032, reaching a value of around USD 4.69 billion by 2032.

Key Trends in the Market

A smart greenhouse is an advanced agricultural facility that leverages technologies like automation to regulate and enhance environmental conditions crucial for plant growth. By merging traditional greenhouse techniques with modern innovations, smart greenhouses provide a well-regulated and efficient environment for cultivating plants. These advanced structures incorporate various integrated systems and components to monitor and manage multiple factors and provide an optimal environment for farming.

• The increasing demand for food amid rising population levels is a crucial factor propelling the global smart greenhouse market growth. Farmers are increasingly implementing advanced farming methods, including smart greenhouses, to enhance their yield. Moreover, smart greenhouse technology is used in vertical farming to surge the production of nutritious and fresh fruits and vegetables.

• The global smart greenhouse market growth can be attributed to the ability of the facility to provide a controlled setting for the cultivation of plants. It allows growers to nullify the climatical boundaries and create a perfect environment for any specific plant.

• The increasing adoption of IoT and AI in the agricultural sector is one of the major smart greenhouse market trends. Through the implementation of advanced IoT sensors and communication devices, farmers can collect highly detailed data, that is later analysed by algorithms to extract real-time data.

Market Analysis

Based on type, the market is bifurcated into hydroponics and non-hydroponics. The global smart greenhouse market segmentation, based on component, includes HVAC systems, LED grow lights, irrigation systems, sensor and control systems, and valves and pumps, among others.

The market, based on end-user, is divided into commercial growers, research and educational institutes, and retail gardens, among others. The major regional markets for smart greenhouses are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global smart greenhouse market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Heliospectra AB

• Certhon Build B.V.

• Synnefa

• Nexsel Tech Pvt Ltd

• Argus Control Systems Limited

• Greentech Organic Hydroponics Systems Mfrs

• Netafim Ltd

• Phonetics Incorporated (Sensaphone)

• Others

Market Share by Type

Hydroponics farming is likely to account for a significant portion of the global smart greenhouse market share. Hydroponics refers to a technique of farming which involves the use of water-based mineral solutions for the growth of plants instead of soil. Hydroponic smart greenhouses utilise sawdust, sand, or pebbles, instead of soil.

Market Share by End-User

According to the global smart greenhouse market analysis, research and educational institutes are one of the major users of smart greenhouses. Institutions are extensively utilising greenhouses to develop innovative methods for bolstering the production of fruits and vegetables. Companies around the world also provide significant amounts of funds and facilities to institutions and research facilities to drive innovations in smart greenhouses.

Competitive Landscape

Heliospectra AB is a Swedish company founded in 2006 that specialises in delivering cutting-edge lighting solutions tailored for greenhouse and indoor horticulture. Its core expertise lies in the development and production of LED lighting systems, specifically designed to optimise plant growth and cultivation. Heliospectra’s lighting systems offer growers meticulous control over factors like light spectrum, intensity, and duration.

Certhon Build B.V. is a company that specialises in designing, constructing, and installing turnkey greenhouse and indoor farming solutions. The company is based in the Netherlands and has been operating since 1896, making it one of the oldest and most experienced players in the market. Certhon offers a wide range of services and solutions to support the horticulture sector.

Synnefa is a software development company based in Kenya. The company was founded in 2013 and has been operating in the sector to provide farming solutions. It is actively integrating technology with farming to create long-lasting solutions for farmers. Products developed by the company include Farmcloud, farm-shield, smart greenhouses, and screen houses, among others.

Other market players include Nexsel Tech Pvt Ltd, Argus Control Systems Limited, Greentech Organic Hydroponics Systems Mfrs, Netafim Ltd, and Phonetics Incorporated (Sensaphone), among others.

Key Highlights of the Report

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Smart Greenhouse Market Report Snapshots

Smart Greenhouse Market Size

Smart Greenhouse Market Analysis

Smart Greenhouse Companies