Global Smart Greenhouse Market 2016-2020

Outlook of the global smart greenhouse market

Technavio’s market research analyst predicts the global smart greenhouse market to grow at an impressive CAGR of approximately 17% by 2020. Smart greenhouses use artificial intelligence devices, sensors, and control devices that facilitate irrigation, automation, and control of the environment. The use of such devices increases the efficiency and output of floating and solar powered greenhouses. This increased efficiency and output of smart greenhouses is a critical factor that foster its adoption during the predicted period.    

In terms of geography, the EMEA region will account for the largest share of the market during the forecast period. The recent increase in the use of smart greenhouse technologies across various regions like Spain, the Netherlands, and Italy will result in the growth of this market in EMEA during the forecast period. Since the European greenhouse sector is one of the most energy-intensive sectors in agriculture, vendors from across the globe will invest in smart monitoring and controlling devices. This increase in investments by vendors will result in the strong growth of this market in EMEA during the predicted period.

Technological segmentation of the smart greenhouse market

• Lighting
• Climate control
• Irrigation
• Control system

In this market research, analysts have estimated the lighting segment to be the largest market segment during the forecast period. This segment currently accounts for more than 26% of the total market share and is predicted to further enhance its hold over the market by 2020 owing to the augmented focus on energy-efficient lighting systems among the end users. Furthermore, factors like the increasing government support and the entry of multiple competitors will spur growth in this market segment during the forecast period.

Segmentation by application and analysis of the smart greenhouse market

• Hydroponic
• Non hydroponic

Technavio market research analysts have estimated the non-hydroponic market segment to account for more than 67% of the total market share by 2020. The rising demand for improved productivity and efficiency in power and water consumption has led to the use of smart technologies in indoor farming. Smart devices and sensors placed in the soil help to detect the moisture content of the soil and the level of humidity in the air, which in turn results in better irrigation.

Competitive landscape and key vendors

The global smart greenhouse market is fragmented due to the presence of numerous established local and multinational vendors. In several regions, the local or regional vendors dominate the market, which in turn will bolster the level of competition in the next four years.

Key vendors in the market are -

• Heliospectra
• LumiGrow
• Nexus
• Rough Brothers

Other prominent vendors in the market include  Netafim, Logiqs, Hort Americas, Terrasphere Systems, and Certhon.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global smart greenhouse market?
• What are the key market trends impacting the growth of the global smart greenhouse market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in global smart greenhouse market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global smart greenhouse market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Greenhouse Horticulture Market 2015-2019
• Smart Grid Equipment in the US - Market Research 2015-2019
• Global Home Energy Management Systems Market 2015-2019
• Global Building Energy Management System (BEMS) Market 2015-2019