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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.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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?
For any questions related to Smart Greenhouse Market, Smart Greenhouse Market Size, Smart Greenhouse Market Growth, Smart Greenhouse Market Analysis, Smart Greenhouse Market Report, Smart Greenhouse Market Share, Smart Greenhouse Market Trends, Smart Greenhouse Market Forecast, Smart Greenhouse Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Smart Greenhouse Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Smart Greenhouse Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Smart Greenhouse Market by Type
3.3.1: Hydroponics
3.3.2: Non-Hydroponics
3.4: Global Smart Greenhouse Market by Covering Material Type
3.4.1: Polyethylene
3.4.2: Polycarbonate
3.4.3: Others
3.5: Global Smart Greenhouse Market by Component
3.5.1: HVAC Systems
3.5.2: LED Grow Lights
3.5.3: Control Systems & Sensors
3.6: Global Smart Greenhouse Market by End Use
3.6.1: Commercial Growers
3.6.2: Research & Educational Institutes
3.6.3: Retail Gardens
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Smart Greenhouse Market by Region
4.2: North American Smart Greenhouse Market
4.2.2: North American Smart Greenhouse Market by End Use: Commercial Growers, Research & Educational Institutes, Retail Gardens, and Others
4.3: European Smart Greenhouse Market
4.3.1: European Smart Greenhouse Market by Type: Hydroponics and Non-Hydroponics
4.3.2: European Smart Greenhouse Market by End Use: Commercial Growers, Research & Educational Institutes, Retail Gardens, and Others
4.4: APAC Smart Greenhouse Market
4.4.1: APAC Smart Greenhouse Market by Type: Hydroponics and Non-Hydroponics
4.4.2: APAC Smart Greenhouse Market by End Use: Commercial Growers, Research & Educational Institutes, Retail Gardens, and Others
4.5: ROW Smart Greenhouse Market
4.5.1: ROW Smart Greenhouse Market by Type: Hydroponics and Non-Hydroponics
4.5.2: ROW Smart Greenhouse Market by End Use: Commercial Growers, Research & Educational Institutes, Retail Gardens, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart Greenhouse Market by Type
6.1.2: Growth Opportunities for the Global Smart Greenhouse Market by Covering Material Type
6.1.3: Growth Opportunities for the Global Smart Greenhouse Market by Component
6.1.4: Growth Opportunities for the Global Smart Greenhouse Market by End Use
6.1.5: Growth Opportunities for the Global Smart Greenhouse Market by Region
6.2: Emerging Trends in the Global Smart Greenhouse Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart Greenhouse Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart Greenhouse Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: KIOSK Information Systems
7.2: Olea Kiosks
7.3: Frank Mayer and Associates
7.4: Source Technologies
7.5: NCR
7.6: Diebold Nixdorf
7.7: Embross
7.8: Meridian Kiosks
7.9: REDYREF Interactive Kiosks
7.10: Lilitab
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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