HOME Top Market Reports Smart Greenhouse Market by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others), Type (Hydroponic, Non-hydroponic), and Geography - Forecast to 2020

Smart Greenhouse Market by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others), Type (Hydroponic, Non-hydroponic), and Geography - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: SE 3602

 

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Smart Greenhouse Market is expected to increase to more than USD 1.2 Billion by 2020, growing at a CAGR of 14.18% between 2015 and 2020.

A greenhouse is a structure developed for growing plants in a controlled environment. These structures capture the incoming visible solar radiation and retain heat to provide a favorable environment for plant growth. Traditionally, majority of the greenhouses used soil as the base for growing plants. However, hydroponic or soil-less horticulture has recently started gaining popularity in the greenhouse industry. The smart greenhouse market is analyzed by different types and on the basis of technologies used. The type segments considered for the market estimation of smart greenhouses include hydroponic and non-hydroponic techniques.

Heating, Ventilation & Air Conditioning or HVAC is the technology used for maintaining optimum temperature within a controlled environment. In case of greenhouses, HVAC plays a vital role in maintaining an ideal temperature for plant growth. This technology is needed to nullify the effects of external temperature changes and enable cultivation throughout the year. HVAC systems are designed taking into consideration the external and internal environment fluctuations in the region in which the greenhouse are setup.

LED grow light is costly compared to other grow light technologies owing to which their usage was restricted to applications where urban farming is conducted on a large scale. However, with advancements in technologies and awareness about energy efficiency compared to other lighting technologies, its adoption has increased rapidly. This market is expected to grow at a CAGR of 27.46% from 2015 to 2020.

This research study segments the smart greenhouse market on the basis of different types, technologies, and regions. It also provides revenue forecast and analyzes the trends in the market. The geographical analysis contains an in-depth classification for North America, Europe, APAC, and Rest of the World and highlights some of the major countries/regions from all these geographies. The sections and the subsegments in the report also shed light on drivers, restraints, opportunities, current market trends, and the technologies expected to revolutionize the smart greenhouse domain. The report also provides comprehensive profiles of various companies active in these markets. Moreover, it includes a competitive landscape of the key players in the smart greenhouse market with detailed market ranking analysis, mergers & acquisitions, collaborations, partnerships, new product developments, and the key growth strategies of each player.

Scope of the Report:

This report categorizes the global smart greenhouse market on the basis of type, technology, and region. It also covers some of the emerging technologies and trends in this market.

Market on the basis of type:

On the basis of greenhouse type, the market is segmented into hydroponic and non-hydroponic techniques.

Market on the basis of technology:

The smart greenhouse market, based on technology, is broadly segmented into HVAC, LED grow light, communication technologies, irrigation systems, material handling, valves & pumps, control systems, and others.

Market based on region:

The geographic analysis covers North America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives a deeper insight about the regional markets.

Table of Contents

1 Introduction (Page No. - 11)
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
           1.3.4 Currency and Pricing

2 Research Methodology (Page No. - 14)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 26)

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Evolution of Smart Greenhouse Market
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 the Need for Smart Farming Due to Increasing Population
                    5.4.1.2 Rising Trend of Rooftop Farming
           5.4.2 Restraints
                    5.4.2.1 High Cost of Smart Greenhouses
           5.4.3 Opportunities
                    5.4.3.1 Emergence of Vertical Farming in Urban Areas
           5.4.4 Challenges
                    5.4.4.1 Integration of Technologies

6 Industry Trends (Page No. - 35)
    6.1 Value Chain
    6.2 Porterís Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry

7 Smart Greenhouse Market, By Technology (Page No. - 41)
    7.1 Introduction
    7.2 HVAC
    7.3 LED Grow Light
    7.4 Communication Technology
    7.5 Irrigation Systems
    7.6 Material Handling
    7.7 Valves & Pumps
    7.8 Control Systems
    7.9 Other Technologies

8 Smart Greenhouse Market, By Type (Page No. - 54)
    8.1 Introduction
    8.2 Hydroponic
    8.3 Non-Hydroponic

9 Geographic Analysis (Page No. - 60)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 72)
     10.1 Overview
     10.2 Market Ranking Analysis, 2014
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launches
             10.3.2 Contracts, Agreements, Partnerships, and Joint Ventures
             10.3.3 Expansions

11 Company Profiles  (Page No. - 76)
(Overview, Products and Services, Financials, Strategy & Development)*
     11.1 Introduction
     11.2 Argus Control System Ltd.
     11.3 Certhon
     11.4 Heliospectra AB
     11.5 Logiqs B.V.
     11.6 Lumigrow, Inc.
     11.7 Greentech Agro LLC
     11.8 Nexus Corporation
     11.9 Hort Americas
     11.10 Terrasphere Systems, LLC
     11.11 Rough Brothers Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 92)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations


List of Tables (40 Tables)

Table 1 Increasing Number of Smart Farming Growers Driving the Smart Greenhouse Market
Table 2 Market Size, By Technology, 2014-2020 ($Million)
Table 3 Market Size for HVAC, By Region,2014-2020 ($Million)
Table 4 Market Size for HVAC, By Type, 2014-2020 ($Million)
Table 5 Market Size for LED Grow Light, By Region, 2014-2020 ($Million)
Table 6 Market Size for LED Grow Light, By Type, 2014-2020 ($Million)
Table 7 Market Size for Communication Technology, By Region, 2014-2020 ($Million)
Table 8 Market Size for Communication Technology, By Type, 2014-2020 ($Million)
Table 9 Market Size for Irrigation Systems, By Region, 2014-2020 ($Million)
Table 10 Market Size for Irrigation Systems, By Type, 2014-2020 ($Million)
Table 11 Market Size for Material Handling, By Region, 2014-2020 ($Million)
Table 12 Market Size for Material Handling, By Type, 2014-2020 ($Million)
Table 13 Market Size for Valves & Pumps, By Region, 2014-2020 ($Million)
Table 14 Market Size for Valves & Pumps, By Type, 2014-2020 ($Million)
Table 15 Market Size for Control Systems, By Region, 2014-2020 ($Million)
Table 16 Market Size for Control Systems, By Type, 2014-2020 ($Million)
Table 17 Market Size for Other Technologies, By Region, 2014-2020 ($Million)
Table 18 Market Size for Other Technologies, By Type, 2014-2020 ($Million)
Table 19 Market Size, By Type, 2014-2020 ($Million)
Table 20 Hydroponic Market Size, By Region, 2014-2020 ($Million)
Table 21 Hydroponic Market Size, By Technology, 2014-2020 ($Million)
Table 22 Non-Hydroponic Market Size, By Region, 2014-2020 ($Million)
Table 23 Non-Hydroponic Market Size, By Technology, 2014-2020 ($Million)
Table 24 Market Size, By Region, 2014-2020 ($Million)
Table 25 North America: Smart Greenhouse Market Size, By Technology, 2014-2020 ($Million)
Table 26 North America: Market Size, By Type,2014-2020 ($Million)
Table 27 North America: Market Size, By Country, 2014-2020 ($Million)
Table 28 Europe: Smart Greenhouse Market Size, By Technology,2014-2020 ($Million)
Table 29 Europe: Smart Greenhouse Market Size, By Type, 2014-2020 ($Million)
Table 30 Europe: Market Size, By Country,2014-2020 ($Million)
Table 31 APAC: Smart Greenhouse Market Size, By Technology,2014-2020 ($Million)
Table 32 APAC: Market Size, By Type, 2014-2020 ($Million)
Table 33 APAC: Smart Greenhouse Market Size, By Country, 2014-2020 ($Million)
Table 34 RoW: Smart Greenhouse Market Size, By Technology,2014-2020 ($Million)
Table 35 RoW: Market Size, By Type, 2014-2020 ($Million)
Table 36 RoW: Market Size, By Region, 2014-2020 ($Million)
Table 37 Market Ranking, 2014
Table 38 New Product Launches, 2013-2015
Table 39 Contracts, Agreements, Partnerships, and Joint Ventures, 2013-2015
Table 40 Expansions, 2013-2015
 
 
List of Figures (44 Figures)
 
Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 Smart Greenhouse Market Snapshot (2015 vs. 2020): the LED Grow Light Segment to Exhibit Highest Growth From 2015 to 2020
Figure 8 Smart Greenhouse Market, By Technology, 2014
Figure 9 Market Snapshot, By Type, 2015 vs. 2020
Figure 10 Smart Greenhouse Market Share (Value), By Region, 2014
Figure 11 Market is Expected to Grow With A High Adoption Rate
Figure 12 LED Grow Light is Expected to Be the Fastest-Growing Technology From 2015 to 2020
Figure 13 China Was One of the Major Shareholders in Smart Greenhouse Market in Asia-Pacific in 2014
Figure 14 The Netherlands and U.S. Were the Leading Markets for Smart Greenhouse in 2014
Figure 15 Smart Greenhouse Market to Witness the Highest Adoption Rate of Hydroponics During the Forecast Period
Figure 16 Evolution of Greenhouses
Figure 17 Smart Greenhouse Market, By Type
Figure 18 Market, By Technology
Figure 19 Need for Smart Farming Drives the Market
Figure 20 Value Chain Analysis for Market
Figure 21 Porterís Five Forces Analysis for Market
Figure 22 Porterís Five Forces Impact Analysis
Figure 23 Threat of Substitutes
Figure 24 Bargaining Power of Suppliers
Figure 25 Bargaining Power of Buyers
Figure 26 Intensity of Competitive Rivalry
Figure 27 LED Grow Light to Exhibit Highest Growth Amongst Smart Greenhouse Technologies During 2015-2020
Figure 28 Europe is Expected to Be the Largest Market for LED Grow Lights During 2014-2020
Figure 29 Non-Hydroponic Greenhouse to Be the Leading Market for Material Handling Technologies During 2015-2020
Figure 30 Non-Hydroponic Greenhouses Expected to Dominate the Market During 2014-2020
Figure 31 Europe is Projected to Be the Leading Market for Hydroponic Greenhouses During 2014-2020
Figure 32 HVAC and LED Grow Light are Expected to Be the Leading Technologies in Non-Hydroponic Smart Greenhouses During 2014-2020
Figure 33 Market, Geographic Snapshot, 2014
Figure 34 Attractive Growth Opportunities for Smart Greenhouses in APAC
Figure 35 European Geographic Snapshot, 2014
Figure 36 Asia-Pacific Geographic Snapshot, 2014
Figure 37 Companies Adopted Agreements and Contracts as the Key Growth Strategy During the Studied Period
Figure 38 Battle for Market Share: Contracts & Agreements Was the Key Strategy
Figure 39 Geographic Revenue Mix of Major Companies
Figure 40 SWOT Analysis: Argus Control System Ltd
Figure 41 SWOT Analysis: Certhon
Figure 42 Heliospectra AB: SWOT Analysis
Figure 43 SWOT Analysis: Logics B.V.
Figure 44 Lumigrow, Inc.: SWOT Analysis

The agriculture market is witnessing a transition from traditional method to advanced urban farming. Smart greenhouse is a type of urban farming of cultivating crops without human intervention. Smart greenhouses have a strong presence and are increasing all over the world. Europe is an early adopter of smart greenhouses and holds a major market share. However, developing regions such as APAC and RoW are witnessing impressive growth in the market. The increasing urbanization and development is one of the main reasons for the demand for urban farming in these regions. The Middle East is the largest-growing country in the RoW region in the smart greenhouse market.

Smart greenhouse is an emerging application with high-growth potential and uses several technologies, such as HVAC, LED grow light, communication technology, irrigation system, material handling, valves & pumps, and control systems. LED grow light holds the largest share in the overall smart greenhouse technology market. The need for energy-efficient light and long-lasting technology is one of the main reasons for the high growth of LED grow lights in the smart greenhouse market. It has a long life of 50,000 hours, while incandescent lamps can work for only 2,000 hours. It can last for nearly 8 to 10 years assuming 14 to 18 hours of daily use. Also, it consumes 50% and 85% lesser electricity than fluorescent lamps and incandescent lights, respectively.

In this report, drivers, restraints, opportunities, and challenges for the smart greenhouse market have been covered. Major driving factors for this market are the rising trend of urban farming, increasing population, and the new trend of rooftop farming.

The smart greenhouse market is expected to raise more than USD 1.2 Billion with CAGR of 14.18% from 2015 to 2020. The below figure shows the estimated growth of the market between 2014 and 2020.

Smart Greenhouse Market

In the smart greenhouse market, the non-hydroponic type captured the majority of the market share; however, the hydroponic type is the fastest-growing type during the forecast period. Some of the major players in this market are GreenTech Agro LLC (U.S.), Nexus Corporation (U.S.), Certhon (The Netherlands), Logiqs B.V. (The Netherlands), Hort Americas (U.S.), Argus Control System Ltd. (Canada), LumiGrow Inc. (U.S.), Heliospectra AB (Sweden), Terrasphere Systems, LLC (U.S.), and Rough Brothers, Inc. (U.S.).

Geographically, this market covers North America, APAC, Europe, and Rest of the World (RoW).

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