Non-hydroponic Smart Greenhouse Market to Valuation of Reach US$ 1.10 Bn by 2027
According to anew market report published by Industry Probe (www.industryprobe.com) titled‘Smart Greenhouse Market (Type: Hydroponic and Non-hydroponic; Technology:HVAC, LED, Material Handling, Grow Light, Communication Technology, WaterSystem Framework, Control Framework Irrigation System, Valves & Pumps, andOthers) – Global Industry Dynamics 2018-2019, Trends and Forecast, 2020–2027,’the global non-hydroponic smart greenhouse market isexpected to expand at a CAGR of 8.4% from 2019 to 2027 and reach US$ 1.10 Bn by2027.
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The non-hydroponic Smart Greenhouse Market is expectedto expand at a CAGR of ~8.4% from 2019 to 2027 and was valued at US$ 973 Mn in 2018.With the rise in IoT technologies and the integration of smart technologies inthe field of the Greenhouse market, there is a rapid growth in the marketduring this period. Other factors driving an uplift in this segment includeincreasing consumer spending capacities, rising disposable incomes, increasinghealth knowledge, and environmental trends. One of the major factors is therising popularity of the smart greenhouse market which has a decisive impact ongrowth. Furthermore, the rapid innovation in the products and technology hasaccelerated the products globally. Market players are focusing on the adoptionof business strategies such as product development and expanding thedistribution channel which is expected to increase the demand across the globe.
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The technology is controlling the fertilizing processto provide remote monitoring, supporting farmers to enhance productivity andefficiency. The non-hydroponic crops hold a major share of 56% globally in2018. The Non-hydroponic includes soil-grown, aeroponics, aquaponics crops,etc. Hydroponically grown crops are sustainable and eco-friendly and thesegment is expected to grow at a good growth rate in the coming years. Theadoption of IoT embedded systems, harvesting robots, automatic seed planters,cooling systems, energy-saving applications, and greenhouse roof washers inthese sectors has multiplied the results, and productivity with better qualityis driving the market to its highest. These technological devices are alsoequipped with touch screen, visual and acoustic signals providing informationon the wash cycle and status of the equipment, which is providing an easierinterface for the users with very less technological knowledge. However, theinitial high investment might act as a restraint for the smart greenhousemarket. Also, technologically advanced and equipped greenhouses are costlierthan the traditional ones. This might hamper the growth of the smart greenhousemarket.
The Non-hydroponicsmart greenhouse market is dominatedby several players who are focused on the development of new products to caterto the rising and shifting consumer preferences.
The report includes the below mentioned pointers of major playersoperating in the Non-hydroponicsmart greenhouse market:
· CompetitionMatrix
· CompanyOverview
· MarketShare Analysis (2018)
· ProductInnovation
· BusinessStrategies / Recent Developments
· Technologicaladvancements
· Keymergers and acquisitions
· Expansionstrategies
· CompanyFinancials
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Key companies profiled in the smartgreenhouse research report include Heliospectra AB, Rough Brothers, Inc.,Certhon, LumiGrow, Argus Control Systems Ltd., Ceres Greenhouse Solutions, JFEEngineering Corporation, Nexus Corporation, GreenTech Agro LLC., and LogiqsB.V. among others.
Originallypublished on-
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