Latest News- Smart Greenhouse Market: Hydroponic is expected to lead the Type segment during 2025-2029

The Smart Greenhouse Market is being driven by Growing requirement for fresh food

The Smart Greenhouse Market is expected to grow at a CAGR of 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1552 million. In response to the evolving dietary preferences of the urban populace, who are increasingly seeking fresh produce over processed or frozen alternatives, urban agriculture is gaining significant traction. Rooftop smart greenhouses represent a pioneering solution to the scarcity of arable land in cities. These innovative structures, built atop buildings, employ advanced hydroponic and aeroponic systems for irrigation, thereby expanding agricultural capacity and enhancing urban greenery. By utilizing these methods, rooftop smart greenhouses provide a promising avenue for sustainable, local food production in densely populated areas. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Hydroponic
  • Non-hydroponic
• Component
  • HVAC systems
  • LED grow lights
  • Control systems and sensors
  • Others
• Crop Type
  • Fruits and vegetables
  • Flowers and ornamentals
  • Herbs and leafy greens
  • Others
• Technology
  • IoT-enabled greenhouse
  • Automated greenhouse
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing requirement for fresh food
• Higher yield than traditional methods
• Rapid urbanization and low availability of arable land

However, the market also witnesses some limitations, which are as follows:

• High initial cost of smart greenhouse setup
• Lack of industry standards for managing farm data
• Requirement of precision technology for controlled growth

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Market Scope in Smart Greenhouse Market Research Report

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Research Analysis Overview

In the realm of modern agriculture, Smart Greenhouses are revolutionizing food production through advanced technologies like Artificial Intelligence (AI), benefiting farmers and agriculturists alike. Indoor farming methods, including Vertical Farming and Hydroponic/Non-Hydroponic Technology, are enhanced by these structures. LED grow lights, Climate Control Services, and HVAC Systems optimize Environmental Parameters (temperature, humidity, light) for superior Crop Quality. Irrigation Systems, Communication Systems, Control Systems, and Material Handling Services streamline operations for Commercial Growers. Sensors and Actuators ensure precise monitoring and adjustment of these systems.

Market Research Overview

In the agricultural sector, the implementation of advanced technologies, particularly Artificial Intelligence (AI), is revolutionizing traditional farming practices. This transformation is most evident in the burgeoning market for Smart Greenhouses. Farmers and agriculturists are embracing indoor farming solutions, such as vertical farming, rooftop gardens, and hydroponics, to optimize arable land utilization. Key players in this market include those manufacturing LED grow lights, farm data management systems, and farm machinery, such as irrigation systems and spraying machinery. The market's growth is fueled by an increasing number of product launches, as vendors expand their offerings to cater to this evolving market demand. Technavio's market analysis indicates that the global smart greenhouse market is poised for significant expansion, driven by the integration of AI and farm management technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/