Cultivation of crops
under monitored and controlled environment is done in what is called a greenhouse. However, managing to do so without human intervention is what a smart greenhouse is capable of. Automation is making its way into practically everything around us and agriculture is not far behind. Smart greenhouses are increasingly being adopted to have more efficient cultivation methods in place. The growing global population is driving the need for such systems and is the reason why the smart greenhouse market will experience a robust growth rate during the forecast period considered in this report. A substantial amount of research and development is being conducted and funded by governments and universities across the globe to further the use of smart greenhouses.
The need for a high initial investment is one of the main inhibitors for the growth of the
smart greenhouse market.
Coupled with this is the fact that there is considerable amount of lack of awareness, especially in the under-developed and developing regions across the world. The smart greenhouse market is expected to cross $1.1 billion by the end of the forecast period.
A smart greenhouse requires an amalgamation of several different technologies. The Smart Greenhouse market can be segmented on the basis of technology
- Lighting System, Irrigation System, Communication System, Control System, HVAC System, Pumps, Material Handling Services, Climate Control Services and Others
In terms of applications, the Smart Greenhouse market has been segmented across the following
- Hydroponic and Non-hydroponic
Non-hydrophonic applications currently account for the largest share of this market and will continue to do so till the end of the forecast period. In terms of the growth rate, the hydroponic applications will be on the higher side.
Europe has been an early adopter of smart greenhouses and will maintain its largest share of the global smart greenhouse market throughout the forecast period. Regions such as Asia Pacific and the rest of the world are expected to witness a high growth rate owing to the increasing urbanization and the population explosion taking place in these regions.