Smart Greenhouse Market Size, Share, Growth Analysis, By Type(Hydroponic, Non-Hydroponic), By Component(LED Grow Lights, HVAC Systems, Irrigation Systems, Controlling Systems), By End-User(Commercial Growers, Research & Educational Institutes, Retail Gardens, Others), By Region - Industry Forecast 2024-2031

Smart Greenhouse Market size was valued at USD 1607.87 million in 2019 and is poised to grow from USD 1772.36 million in 2023 to USD 4258.43 million by 2031, growing at a CAGR of 10.23% in the forecast period (2024-2031).

Nexus Corporation, Argus Control Systems Limited, Certhon, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd., Heliospectra AB, and LumiGrow are some of the key players in the smart greenhouse market. These businesses want to increase generating productivity while utilising resources like labour as sparingly as possible. To find and stop infections and diseases in crops, they are also working and spending enormous sums of money on research and development. For instance, LumiGrow and Scanit Technologies have introduced LumiGrow SporeCam sensors for early disease detection, allowing farmers to examine and find illnesses like Powdery Mildew and Botrytis. This will assist farmers in crop optimization, preventative measures, and necessary crop care which will to minimize the yield loss. Smaller vendors are anticipated to dominate the smart greenhouse market in local areas while larger vendors are anticipated to battle fiercely for obtaining large-scale projects. Due to the distribution of their presence along the value chain and their capacity to reduce risk, major suppliers that provide integrated products are anticipated to control a bigger part of the adoption of their solutions. 'Heliospectra AB', 'LumiGrow Inc.', 'Rough Brothers Inc.', 'Nexus Corporation', 'Terrasphere Systems LLC', 'Certhon', 'GreenTech Agro LLC', 'Logiqs BV', 'Ceres Greenhouse Solutions', 'Hort Americas LLC', 'Smart Cannabis Corp.', 'Green IQ', 'Netafim Ltd.', 'Signify Holding BV (formerly known as Philips Lighting)', 'Motorleaf Inc.', 'International Greenhouse Company', 'BrightFarms Inc.', 'Green Automation Americas LLC', 'Agra Tech, Inc.', 'Conservatory Craftsmen'

Growing Adoption of Smart Greenhouse

Intensive methods of rooftop cultivation are now in trend all over the smart greenhouse market. Rooftop farming is the process of growing fruits, vegetables, and flowers on a building's rooftop. Green roofs, hydroponics, and an aeroponics system are necessary for this farming. Due of the lack of arable land, this farming method is primarily used in metropolitan settings. Rooftop farms are typically developed on the roofs of high-rise buildings. These farms capture rainfall, minimise pests and human intervention in crop production, and offer clean air. All of these elements are developing the potential for rooftop farming, which will greatly expand the market for smart greenhouses.

Asia Pacific smart greenhouse market is projected to grow at the highest CAGR during the forecast period due to the rising demand for fresh food in countries like China and India. Resources are few, and the area is rapidly becoming more urbanised. Growers would need to embrace smart technologies to meet the demand. This is putting pressure on the existing resources to meet the growing demand for agricultural output.