The Smart Greenhouse Market is expected to grow at a CAGR of 11.54% to reach USD 1695.5 million by 2028. In response to the evolving dietary trends of urban populations, there is a burgeoning demand for fresh produce in cities. Traditional agricultural methods face challenges due to the scarcity of affordable land. Rooftop smart greenhouses present a viable solution, offering new agricultural spaces in urban areas. These innovative structures, built on building rooftops, employ hydroponics and aeroponics systems for soil-less cultivation. By utilizing advanced irrigation techniques, they increase plant coverage and contribute significantly to local food production, thereby addressing the growing need for fresh, locally sourced produce in urban environments.
APAC dominates the regional market because of The Smart Greenhouse Market represents a significant growth opportunity for businesses seeking to optimize agricultural production through technology. These advanced structures employ IoT sensors, automation systems, and climate control technologies to enhance crop yield and reduce resource consumption. Market trends indicate continued investment in smart greenhouse solutions, making it an attractive business proposition for agriculture tech innovators and traditional farmers alike.
There are various factors that drive the Smart Greenhouse Market market which are as following: The global urban population is projected to reach 6 billion by 2045, representing a significant increase from the 55% urbanization rate in 2020, according to The World Bank. North America, Latin America and the Caribbean, Europe, and Oceania have already surpassed the 80%, 81%, 74%, and 68% urban population thresholds, respectively. This demographic shift underscores the burgeoning demand for sustainable and efficient food production systems, such as smart greenhouses, to meet the increasing urban population's requirement for fresh, locally grown produce.
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Smart Greenhouse Market Segmentation
Type (Hydroponic, Non-hydroponic) Component (HVAC systems, LED grow lights, Control systems and sensors, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)
The market witnesses several challenges, which are as follows In the smart greenhouse market, the implementation of advanced technologies such as heating, ventilation, and air conditioning systems (HVAC), LED grow lights, and sensors comes with a substantial upfront investment. The high cost is primarily attributed to the expensive components, particularly LED grow lights. While LED lights offer greater efficiency due to their large number of diodes, their cost-effectiveness is limited to large-scale urban farming applications. The durability of low-priced LED grow lights is questionable, necessitating the ongoing research and development of more luminous and robust LED grow light solutions by vendors.
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Some of the key companies that have been profiled in the report include:
The global environmental and facilities services market encompasses businesses offering solutions for environmental and facilities maintenance, comprising waste management, facilities management, and pollution control services. According to Technavio, market size is determined by the consolidated revenue generated by these companies. Key growth drivers include the increasing prioritization of sustainability and environmental stewardship, which is fueling demand for eco-friendly services and solutions. - The Smart Greenhouse Market is experiencing significant growth, fueled by the Growing requirement for fresh food. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Smart greenhouses are revolutionizing food production by integrating modern technology to optimize environmental parameters for crop growth. These advanced structures utilize sensors and actuators for real-time monitoring and control of temperature, humidity, light, and other essential factors. Commercial growers and agriculturists are increasingly adopting smart greenhouses to enhance crop quality and improve yields. Climate control services, HVAC systems, communication systems, irrigation systems, and lighting systems are integral components of these innovative structures. Non-hydroponic technology and hydroponic systems, including LED grow lights, are commonly used to simulate natural growing conditions. Vertical farming in smart greenhouses is also gaining popularity due to its space-saving design and ability to produce crops year-round. Indoor farming using arable land and artificial intelligence (AI) is another application of smart greenhouses. Material handling services ensure efficient crop management, while HVAC and control systems maintain optimal conditions for plant growth. Overall, smart greenhouses offer a sustainable and technologically advanced solution for food production, enabling farmers and commercial growers to maximize their yields and minimize resource consumption.
Technavio Research
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