Smart Greenhouse Market Forecast, Share, Size, Growth 2022-2027
The Smart Greenhouse Market worldwide is expected to experience astounding growth during the 2023-2027 timeframe. This could be due to an increase in food demand due to the growing population of the world. The world's population is projected to grow by around 35% to reach 9.74 billion by 2050. Here, we will discuss the Smart Greenhouse Market Forecast, Share, Size, and Growth for 2022-2027.
The increasing need to satisfy the ever-growing food requirements of the population is predicted to fuel the expansion of The global Smart Greenhouse Market.
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In addition, the increasing use in use of farming 4.0 solutions and the growing usage of artificial intelligence, the Internet of Things, as well as other technologies in the agriculture sector around the globe are predicted to drive the growth of the market over the next few years.
Additionally, inside a greenhouse, plants, fruits, and vegetables, among others, can be grown in controlled conditions. The produce is available throughout the year, regardless of the season or climate changes. This is likely to increase the demand for the product.
Growing Adoption of Rooftop Farming for Smart Greenhouse Market
The use of practices for farming on rooftops has increased significantly because of the rising demand for organic, high-quality food items.Rooftop farming involves cultivating fruits, vegetables, and flowers on the roof of a structure.
The roofs of high-rise buildings are usually used for the construction of rooftop farms, whereas green roofs, hydroponics systems, and aeroponics are used for the cultivation of various fruits, crops, vegetables, etc.
The declining amount of arable land available to cultivate crops has resulted in the widespread adoption of farming methods on rooftops, especially in urban regions.
The rising popularity of rooftop farms is predicted to provide lucrative opportunities for the expansion of the global Smart Greenhouse Market.
Benefits of Smart Greenhouse Market
There are many benefits to Smart Greenhouse Market like the growing of vegetables and fruits such as crops, fruits, and more.all year round, regardless of seasonal fluctuations.
There are also additional advantages that a smart-gardening can provide over conventional greenhouses, such as a Smart Greenhouse Market where information about the crop and its pattern of growth is continuously recorded for the entire 24 hours.
The data is then transmitted to analytical platforms where it is examined and should there be any problems or anomalies in the pattern of growth it is identified. This information also provides cultivators or farmers with different information about the crop.
By using these data, cultivators can boost their yield overall. Furthermore, the costs of labor can be reduced by utilizing the proper greenhouse design as opposed to conventional greenhouses.
Market Segmentation for Smart Greenhouse Market
The market for Smart Greenhouse Market in the world is segmented according to the type of technology, component type, and crop by the end-user by region.Based on the type the market is classified into hydroponic and non-hydroponic.Based on the technology used the market could be divided into LED, HVAC grows lights, irrigation systems, valves, material handling, control system, sensors, and camera.Based on the component market, can be classified into software, hardware, and services.Based on the type of crop and other components, the market could be divided into vegetable and floriculture, tree seedlings, and many more.Based on the end-user the market could be divided into retailers, educational and research institutes, and others.
The regional market is North America dominated the market across Europe, Asia Pacific, the Middle East & Africa, and South America. By countries, this United States region is dominating all over the world in Smart Greenhouse Market. This could be due to the rising use of indoor farming practices within the region. In 2016 there were 41,351 indoor farms in the United States.
Market Player for Smart Greenhouse Market
LumiGrow, Inc., Rough Brothers, Inc., Nexus Corporation, Netafim Limited, Ceres Greenhouse Solutions, GreenTech Agro LLC, Hort Americas, LLC, Heliospectra A/B, Cultivar Ltd. are some of the most prominent companies operating in the global greenhouse market with smart technology.
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