PUBLISHER: The Business Research Company | PRODUCT CODE: 1414197
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414197
“Environment Controllers Market For Agricultural Greenhouse Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on environment controllers market for agricultural greenhouse market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for environment controllers market for agricultural greenhouse? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The environment controllers market for agricultural greenhouse market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The agricultural greenhouse environment controllers market pertains to the industry involved in the manufacturing and distribution of devices and systems crafted to regulate and oversee the growing conditions within greenhouse environments. These controllers serve the purpose of maintaining optimal temperature, humidity, lighting, and other crucial environmental factors necessary for fostering healthy plant growth.
Within the environment controllers market for agricultural greenhouses, various types of farming practices are prevalent, including hydroponics, greenhouse farming, indoor gardening, urban agriculture, cannabis home growing, and others. Hydroponics, a method of cultivating plants in a soil-free, nutrient-rich water solution, extensively utilizes environment controllers for precise management of growing conditions. This includes control over water, nutrient levels, pH, temperature, and lighting-essential factors contributing to optimal plant growth. The applications of these controllers span both indoor and outdoor settings and find application across small-scale, medium-scale, and large-scale farms.
The environment controllers market for agricultural greenhouse market research report is one of a series of new reports from The Business Research Company that provides environment controllers market for agricultural greenhouse market statistics, including environment controllers market for agricultural greenhouse industry global market size, regional shares, competitors with an environment controllers market for agricultural greenhouse market share, detailed environment controllers market for agricultural greenhouse market segments, market trends, and opportunities, and any further data you may need to thrive in the environment controllers market for the agricultural greenhouse industry. This environment controllers market for agricultural greenhouse market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The environment controllers market for agricultural greenhouse market size has grown strongly in recent years. It will grow from $5 billion in 2023 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth observed in the historical period can be ascribed to a heightened demand for controlled environment agriculture (CEA), escalating concerns related to population growth and food security, endeavors to optimize crop yield and quality, a focus on resource efficiency and sustainability, and supportive measures from governments, including incentives.
The environment controllers market for agricultural greenhouse market size is expected to see strong growth in the next few years. It will grow to $7.5 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be credited to strategies aimed at adapting to climate change, the adoption of precision agriculture and smart farming practices, a growing emphasis on indoor farming, a global trend favoring sustainable agriculture, and innovation driven by market demands and customization. Key trends expected in the forecast period encompass the implementation of climate control strategies, automation of water management and irrigation, the integration of sustainable practices, a focus on user-friendly interfaces, and the facilitation of remote monitoring and control through mobile devices.
The anticipated growth in the environment controllers market for agricultural greenhouses is expected to be propelled by increasing investment in vertical farming. Vertical farming involves growing crops in vertically stacked layers or shelves, utilizing artificial lighting, controlled environmental conditions, and nutrient supply in a vertical space. Environment controller systems play a crucial role in establishing optimal growing conditions for plants in vertical farming, considering factors such as temperature, carbon dioxide levels, oxygen, lighting, humidity, nutrient content, pH, insect control, watering, and harvesting, all of which contribute to enhancing yield. As an illustration, in March 2023, the Saudi Public Investment Fund, in collaboration with Aero Farms, a US-based sustainable indoor agricultural company, unveiled a new vertical farming project in Saudi Arabia and other regions in the Middle East and North Africa. This initiative aims to address the challenges posed by a growing population and decreasing arable land, setting a crop production target of 1.1 million kilograms (2.4 pounds) per year. Therefore, the increasing investment in vertical farming is a driving force behind the growth of the environment controllers market for the agricultural greenhouse sector.
The rising demand for food is expected to drive the growth of the environmental controllers market for agricultural greenhouses. Food, defined as any substance consumed to provide nutritional support for the body, is typically of plant or animal origin and contains essential nutrients. The environment controllers market for agricultural greenhouses contributes to sustaining food production to meet the needs of a growing population through advanced climate management technology. For example, a report by the World Food Programme, an Italy-based humanitarian organization, revealed in July 2022 that approximately 828 million people globally were affected by hunger in 2021. This marked an increase of 46 million from the previous year and a rise of 150 million people since the beginning of the COVID-19 pandemic. Therefore, the growing demand for food is a key driver of the environmental controllers market for agricultural greenhouses.
Technological advancements stand out as a prominent trend gaining momentum in the environment controllers market for agricultural greenhouses. Companies engaged in this market are actively embracing new technologies to maintain and strengthen their positions. For example, in November 2022, Certhon B.V., a Netherlands-based company specializing in greenhouse construction and technology solutions, introduced SupriSun. This innovation comprises distinctive screens and dimmable LED illumination designed for managing light levels in indoor farming. SupriSun integrates unique screens, customizable LED illumination, climate systems, and dehumidification to ensure uniform and controllable light, providing an energy-efficient solution for indoor gardening. It allows precise management of the growth environment, addressing plant needs while benefiting from natural sunlight in terms of heat and light.
Major players in the environmental controllers market for agricultural greenhouses are actively developing intelligent control systems, including closed-loop AI systems, to deliver value to greenhouse operators and optimize profits. A closed-loop AI system is an artificial intelligence system that continuously receives feedback from its environment, allowing it to adapt and enhance performance in real-time. For instance, in June 2023, IUNU, a US-based industrial computer vision company, launched LUNA AI, an autonomous climate control technology. Utilizing computer vision for analyzing climate and plant performance data, LUNA AI provides optimal crop strategies and autonomously implements them. It is recognized as the sole closed-loop AI system for autonomous climate control in horticulture, making real-time adjustments based on comprehensive plant performance data. This technology empowers greenhouse operators to improve profitability by autonomously controlling climate setpoints, effectively closing the crop/climate feedback loop for efficient management.
In April 2022, Blue Lab Corporation Limited, a New Zealand-based agriculture technology company, acquired Autogrow Systems Limited for an undisclosed amount. This strategic move aims to expand Blue Lab Corporation's operations into new regions and diversify its portfolio of technological products for clients in the horticulture sector. Autogrow Systems Limited, based in New Zealand, is an indoor agriculture technology company specializing in manufacturing environment controllers.
Major companies operating in the environment controllers market for agricultural greenhouse market report are Smart Bee Technologies LLC, TrolMaster Agro Instruments Co. Ltd., Grow-Link Inc., Trotec GmbH, Argus Control Systems, Priva Holding B.V., Heliospectra AB, Netafim Ltd., LumiGrow Inc., Rough Brothers Inc., Certhon B.V., Link Corporation, Climate Control Systems Inc., Pure Hydroponics Pty Ltd., Redpath Pacific Ltd., Greentech Agro LLC, Hort Americas LLC, GrowSpan Greenhouse Structures, Nexus Greenhouse Systems, Agra Tech Inc., Agroponic Industries, American Hydroponics Inc., Atlas Manufacturing Inc., CropKing Inc., Custom Agricultural Intelligence Inc., Dosatron International Inc., Dramm Corporation, Emerald Kingdom Greenhouse, Everlight Electronics Co. Ltd., Greenhouse Megastore, Growers Supply, Hydrofarm Holdings Group Inc., Sunlight Supply Inc.
Europe was the largest region in the environment controllers market for agricultural greenhouse market in 2023. The regions covered in the environment controllers market for agricultural greenhouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the environment controllers market for agricultural greenhouse market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The environment controllers market for agricultural greenhouses market consists of thermostats, timers, analog step controllers, computer zone controllers, and integrated computer controls. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.