Global Smart Greenhouse Market Will Register A CAGR Of 12.97% From 2016 To 2020

Date: 2017-09-04

According to the forecast, the global smart greenhouse market is expected to reach about USD 1.16 billion by 2020, growing at a CAGR of 12.97% from 2016 to 2020.

Smart Greenhouse is a greenhouse with sensors and actuators. The smart greenhouse uses various microprocessors and sensors to perform functions such as controlling temperature and irrigation system. Any type of plant, fruit, and vegetables can be grown at any time of year in smart greenhouse. This system is cost effective and improves efficiency & versatility of greenhouses.

The development of intelligent agriculture has promoted the development of smart greenhouse market in the world. However, the high cost of smart greenhouses is inhibiting market growth. On the other hand, the emergence of urban vertical agriculture has brought opportunities to the market.

In terms of technology, the smart greenhouse market can be divided into HVAC, LED grow light, communication technology, irrigation system, material handling, valves and pumps, control system, and others. By types, the smart greenhouse market can be segmented as hydroponic and non-hydroponic, among them, the non-hydroponic type occupied the largest market share; however, the hydroponic type is the fastest growing type during the forecast period.

On the basis of geographies, Europe is projected to occupy the major market share, the Asia Pacific region will be the fastest growing market, with a CAGR of 18.21% in the next five years. The increasing urbanization and development is one of the main reasons for the demand for urban farming in these regions.

The key players in the smart greenhouse market are Certhon (The Netherlands), GreenTech Agro LLC (U.S.), Heliospectra AB (Sweden), Nexus Corporation (U.S.), Logiqs B.V. (The Netherlands), Hort Americas (U.S.), Argus Control System Ltd. (Canada), LumiGrow Inc. (U.S.), Terrasphere Systems, LLC (U.S.), and Rough Brothers, Inc. (U.S.).
Global Smart Greenhouse Market Size Analysis, by Regions, by 2019

Read Full Report:  http://www.gosreports.com/global-smart-greenhouse-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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