Smart Greenhouse Market Size, Share, Demand and Opportunities 2024-2032

The global smart greenhouse market size reached US$ 1.9 Billion in 2023.

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.

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Factors Affecting the Growth of the Smart Greenhouse Industry:

• Automation and Control Systems:

Automation and control systems enable precise monitoring and management of environmental conditions within the greenhouse, including temperature, humidity, light levels, and nutrient levels. This precision allows growers to create optimal growing conditions tailored as per specific crops, leading to higher yields and improved crop quality. Moreover, by automating repetitive tasks, such as watering, fertilizing, and pest control, automation systems reduce the need for manual labor in the greenhouse. This not only lowers labor costs but also addresses labor shortages, especially in regions where agricultural labor is scarce or expensive.

• Technological Advancements:

Internet of Things (IoT) technology enables the integration of sensors, actuators, and other devices into greenhouse systems, allowing for real-time monitoring and control of environmental conditions. IoT sensors can collect data on temperature, humidity, light levels, soil moisture, and other parameters, providing growers with valuable insights into crop health and enabling proactive management practices. Furthermore, technological advancements in big data analytics enable growers to collect, store, and analyze large volumes of data generated by smart greenhouse systems. By analyzing this data, growers can identify patterns, trends, and correlations that help optimize growing conditions, predict crop yields, and make informed decisions to improve productivity and profitability.

• Rising Demand for Food Security:

Smart greenhouses allow for the cultivation of a wide range of crops, including those that are traditionally difficult to grow in certain regions or climates. By diversifying crop production, growers can mitigate the risks associated with monoculture farming and crop failures, thus enhancing food security and resilience against pests, diseases, and climate change. In addition, smart greenhouses enable year-round production of fresh fruits, vegetables, and other crops in controlled environments, regardless of seasonal variations or adverse weather conditions. This continuous production ensures a consistent and reliable food supply, reducing dependency on seasonal harvests and external factors that can affect traditional outdoor farming.

Leading Companies Operating in the Global Smart Greenhouse Industry:

• Argus Control Systems Limited (Conviron)

• Certhon

• Heliospectra AB

• Netafim (Orbia)

• Sensaphone

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:

Smart greenhouses incorporate advanced irrigation systems, water recycling technologies, and precision nutrient management practices to optimize water usage and reduce resource wastage. By maximizing resource efficiency, smart greenhouses can produce more food using fewer inputs, making them a sustainable solution for addressing water scarcity and resource constraints in agriculture, thereby bolstering the growth of the market.

Additionally, advancements in connectivity technologies like wireless networks and cloud computing enable remote monitoring and control of smart greenhouse systems from anywhere with an internet connection. Growers can access real-time data, receive alerts and notifications, and adjust environmental parameters using smartphones, tablets, or computers, providing greater flexibility and convenience in managing greenhouse operations.

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