Smart Greenhouse Market Report: Trends, Forecast and Competitive Analysis to 2030

Smart Greenhouse Trends and Forecast

The future of the global smart greenhouse market looks promising with opportunities in the commercial grower, research & educational institute, and retail garden sectors. The global smart greenhouse market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 9.0% from 2024 to 2030. The major drivers for this market are increasing demand for food in worldwide, rising preference for rooftop farming, and growing adoption of IoT and AI based technology in agricultural methods.

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Smart Greenhouse by Segment

The study includes a forecast for the global smart greenhouse by type, covering material type, component, end use, and region.

Smart Greenhouse Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hydroponics
• Non-Hydroponics

Smart Greenhouse Market by Covering Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Polyethylene
• Polycarbonate
• Others

Smart Greenhouse Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• HVAC Systems
• LED Grow Lights
• Control Systems & Sensors

Smart Greenhouse Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Commercial Growers
• Research & Educational Institutes
• Retail Gardens
• Others

Smart Greenhouse Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Smart Greenhouse Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart greenhouse companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart greenhouse companies profiled in this report include-

• KIOSK Information Systems
• Olea Kiosks
• Frank Mayer and Associates
• Source Technologies
• NCR
• Diebold Nixdorf
• Embross
• Meridian Kiosks
• REDYREF Interactive Kiosks
• Lilitab

Smart Greenhouse Market Insights

Lucintel forecasts that hydroponic will remain the largest segment over the forecast period due to its ability to produce wholesome foods with less storage space needed.

Within this market, research & educational institute will remain the largest segment due to growing adoption of smart greenhouses in this sector to conduct research on a variety of plants, flowers, fruits, and vegetables.

APAC is expected to witness highest growth over the forecast period due to continual growth of population and existence of key smart greenhouse vendor in the region.

Features of the Global Smart Greenhouse Market

Market Size Estimates: Smart greenhouse market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Smart greenhouse market size by various segments, such as by type, covering material type, component, end use, and region in terms of value ($B).

Regional Analysis: Smart greenhouse market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, covering material types, components, end uses, and regions for the smart greenhouse market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart greenhouse market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the smart greenhouse market size?

Answer: The global smart greenhouse market is expected to reach an estimated $2.5 billion by 2030.

Q2. What is the growth forecast for smart greenhouse market?

Answer: The global smart greenhouse market is expected to grow with a CAGR of 9.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the smart greenhouse market?

Answer: The major drivers for this market are increasing demand for food in worldwide, rising preference for rooftop farming, and growing adoption of IoT and AI based technology in agricultural methods.

Q4. What are the major segments for smart greenhouse market?

Answer: The future of the smart greenhouse market looks promising with opportunities in the commercial grower, research & educational institute, and retail garden sectors.

Q5. Who are the key smart greenhouse market companies?

Answer: Some of the key smart greenhouse companies are as follows:

• KIOSK Information Systems
• Olea Kiosks
• Frank Mayer and Associates
• Source Technologies
• NCR
• Diebold Nixdorf
• Embross
• Meridian Kiosks
• REDYREF Interactive Kiosks
• Lilitab

Q6. Which smart greenhouse market segment will be the largest in future?

Answer: Lucintel forecasts that hydroponic will remain the largest segment over the forecast period due to its ability to produce wholesome foods with less storage space needed.

Q7. In smart greenhouse market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to continual growth of population and existence of key smart greenhouse vendor in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the smart greenhouse market by type (hydroponics and non-hydroponics), covering material type (polyethylene, polycarbonate, and others), component (HVAC systems, LED grow lights, and control systems & sensors), end use (commercial growers, research & educational institutes, retail gardens, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?