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987550

Canada Smart Greenhouse Market Forecast 2021-2026

Published: | Inkwood Research | 70 Pages | Delivery time: 2-3 business days

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Canada Smart Greenhouse Market Forecast 2021-2026
Published: February 8, 2021
Inkwood Research
Content info: 70 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The Canada smart greenhouse market is forecasted to grow with a CAGR of 8.22%, across the studied period. The country's market growth is supplemented by key drivers, including, the rising prevalence of vertical farming and the increasing importance of food safety. The base year considered for the market study is 2020, while the forecast years are from 2021 to 2026.

MARKET INSIGHTS

Canada's new ag-tech company, Local Leaf Farms, officially opened its first farming facility in 2020. As a result, the company established itself to transform the food industry in Canada. Local Leaf Farms produces hyper-local produce that is more sustainable, fresh, and completely traceable, using vertical farming technology. Hence, the approach directly addressed several challenges, in terms of food production, highlighted by the COVID-19 pandemic. In addition to the launch, the company also released the findings of an IPSOS study conducted, confirming the ways in which the pandemic has impacted food decisions in Canada. As per the survey, 68% of Canadians believe that the pandemic has made food safety more crucial, while 47% assert that locally produced food is their critical purchase driver.

The research also identified significant insights about changing consumer perceptions, including the widespread belief that eliminating plastic from food packaging is essential. Moreover, 51% of the country's population prefers non-plastic, compostable, and plant-based material. In addition, 88% of Canadians regard food safety as essential in terms of their purchase decision, while buying produce and leafy greens. Hence, these factors are set to fuel the country's market growth over the studied period.

COMPETITIVE INSIGHTS

Some of the prominent companies operating in the country's market are, Argus Control Systems Limited, LumiGrow, Hort Americas, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 35963

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
  • 3.2. KEY RESTRAINTS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON SMART GREENHOUSE MARKET
  • 4.2. KEY INVESTMENT INSIGHTS
  • 4.3. PORTER'S FIVE FORCE ANALYSIS
    • 4.3.1. BUYER POWER
    • 4.3.2. SUPPLIER POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE

5. MARKET BY TYPE

  • 5.1. HYDROPONIC
  • 5.2. NON-HYDROPONIC

6. MARKET BY PRODUCT

  • 6.1. COMMERCIAL GROWERS
  • 6.2. RESEARCH & EDUCATIONAL INSTITUTES
  • 6.3. RETAIL GARDENS
  • 6.4. OTHERS

7. MARKET BY COMPONENT

  • 7.1. HVAC SYSTEMS
  • 7.2. LED GROW LIGHTS
  • 7.3. IRRIGATION SYSTEMS
  • 7.4. VALVES & PUMPS
  • 7.5. SENSOR & CONTROL SYSTEMS
  • 7.6. OTHERS

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGER & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCH & DEVELOPMENTS
    • 8.1.3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
    • 8.1.4. BUSINESS EXPANSION
  • 8.2. COMPANY PROFILES
    • 8.2.1. ARGUS CONTROL SYSTEMS LIMITED
    • 8.2.2. CERTHON
    • 8.2.3. GREENTECH AGRO LLC
    • 8.2.4. HELIOSPECTRA AB
    • 8.2.5. HORT AMERICAS
    • 8.2.6. LUMIGROW
    • 8.2.7. NETAFIM
    • 8.2.8. ROUGH BROTHERS INC
    • 8.2.9. SENSAPHONE

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - SMART GREENHOUSE
  • TABLE 2: CANADA SMART GREENHOUSE MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: CANADA SMART GREENHOUSE MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 4: CANADA SMART GREENHOUSE MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: CANADA SMART GREENHOUSE MARKET, BY PRODUCT, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 6: CANADA SMART GREENHOUSE MARKET, BY COMPONENT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: CANADA SMART GREENHOUSE MARKET, BY COMPONENT, FORECAST YEARS, 2021-2026 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1: KEY INVESTMENT INSIGHTS
  • FIGURE 2: PORTER'S FIVE FORCE ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: CANADA SMART GREENHOUSE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 6: CANADA SMART GREENHOUSE MARKET, BY HYDROPONIC, 2021-2026 (IN $ MILLION)
  • FIGURE 7: CANADA SMART GREENHOUSE MARKET, BY NON-HYDROPONIC, 2021-2026 (IN $ MILLION)
  • FIGURE 8: CANADA SMART GREENHOUSE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020
  • FIGURE 9: CANADA SMART GREENHOUSE MARKET, BY COMMERCIAL GROWERS, 2021-2026 (IN $ MILLION)
  • FIGURE 10: CANADA SMART GREENHOUSE MARKET, BY RESEARCH & EDUCATIONAL INSTITUTES, 2021-2026 (IN $ MILLION)
  • FIGURE 11: CANADA SMART GREENHOUSE MARKET, BY RETAIL GARDENS, 2021-2026 (IN $ MILLION)
  • FIGURE 12: CANADA SMART GREENHOUSE MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)
  • FIGURE 13: CANADA SMART GREENHOUSE MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2020
  • FIGURE 14: CANADA SMART GREENHOUSE MARKET, BY HVAC SYSTEMS, 2021-2026 (IN $ MILLION)
  • FIGURE 15: CANADA SMART GREENHOUSE MARKET, BY LED GROW LIGHTS, 2021-2026 (IN $ MILLION)
  • FIGURE 16: CANADA SMART GREENHOUSE MARKET, BY IRRIGATION SYSTEMS, 2021-2026 (IN $ MILLION)
  • FIGURE 17: CANADA SMART GREENHOUSE MARKET, BY VALVES & PUMPS, 2021-2026 (IN $ MILLION)
  • FIGURE 18: CANADA SMART GREENHOUSE MARKET, BY SENSOR & CONTROL SYSTEMS, 2021-2026 (IN $ MILLION)
  • FIGURE 19: CANADA SMART GREENHOUSE MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)