Smart Greenhouse Market by Type (Hydroponic and Non-hydroponic), Technology (HVAC, LED Grow Light, Irrigation System, Material Handling, Valves, Control System, and Sensor & Camera), and Geography - Global Forecast to 2023

The smart greenhouse market was valued at USD 1.12 Billion in 2017 and is expected to reach 2.28 Billion by 2023, at a CAGR of 12.6% between 2018 and 2023.

The years considered for the study are as follows:

• Base Year: 2017
• Estimated Year: 2018
• Projected Year: 2023
• Forecast Period: 2018–2023

The objectives of the study of this report

• To define, describe, and forecast the smart greenhouse market segmented on the basis of technology, type, and geography
• To forecast the market size of various segments with regard to 4 main regions:
  North America, Europe, and Asia Pacific, and RoW
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the value chain and market roadmaps to study the evolution
• To strategically analyze the micromarkets1 with regard to individual growth trends, prospects, and contributions to the total market
• To analyze the opportunities in the market for stakeholders by identifying high-growth segments in the smart greenhouse market
• To strategically profile the key players, comprehensively analyze their market share and core competencies, and detail the competitive landscape of the market
• To analyze growth strategies such as contracts, agreements, acquisitions, product launches and developments, business expansions, and research and development (R&D) activities in the smart greenhouse market

This research involves extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the smart greenhouse market. To find the overall market size, top-down and bottom-up approaches have been used to estimate the sizes of other individual markets by using percentage splits from secondary sources such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource as well as with the help of primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews of industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market.

The figure below shows the breakdown of the primaries based on company type, designation, and region, conducted during the research.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The smart greenhouse market comprises key technology providers such as Heliospectra (Sweden), LumiGrow (US), Rough Brothers (US), Nexus Corporation (US), Argus Control Systems (Canada), Certhon (Netherlands), Logiqs (Netherlands), Greentech Agro (US), Netafim (US), and International Greenhouse Company (US).

Target Audience:

• Small and commercial growers
• Raw material and manufacturing equipment suppliers
• Original equipment manufacturers (OEMs)
• Material suppliers (glass and aluminum)
• ODM and OEM technology solution providers
• Research organizations
• Technology standards organizations, forums, alliances, and associations
• Technology investors
• Governments, financial institutions, and investment communities
• Analysts and strategic business planners
• End users of greenhouse solutions

“Study answers several questions for the target audiences, primarily which market segments to focus in the next 2 to 5 years for prioritizing the efforts and investments.”

Scope of the Report:

In this report, the overall smart greenhouse market has been segmented on the basis of type, technology, and geography.

By Type:

• Hydroponic
• Non-Hydroponic

By Technology:

• HVAC Systems
• LED Grow Lights
• Irrigation Systems
• Material Handling Equipment
• Valves & Pumps
• Control Systems
• Sensors and Cameras
• Others

By Geography:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • Netherlands
  • Scandinavia
  • Rest of Europe
• APAC
  • Japan
  • China
  • Australia
  • Rest of APAC
• RoW
  • Middle East
  • South America
  • Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

• Further breakdown of the geography segment, by application and country

Company Information

Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Growth Opportunities in Smart Greenhouse Market
    4.2 Smart Greenhouse Market, By Type
    4.3 Smart Greenhouse Market in Europe
    4.4 Smart Greenhouse Market, By Country/Region

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Evolution of Smart Greenhouse
    5.3 Value Chain Analysis
    5.4 Greenhouse Installation, 2017
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Trend of Indoor Farming Due to Changing Consumer Preferences
                    5.5.1.2 High Demand for Food Due to Enormously Growing Population
                    5.5.1.3 Favorable Government Regulations and Incentives Pertaining to Smart Greenhouse Lighting Technology
           5.5.2 Restraints
                    5.5.2.1 High Cost of Smart Greenhouses
           5.5.3 Opportunities
                    5.5.3.1 Emerging Vertical Farming Technology
           5.5.4 Challenges
                    5.5.4.1 Integration of Greenhouse Technologies

6 Smart Greenhouse Market, By Type (Page No. - 38)
    6.1 Introduction
    6.2 Hydroponic
    6.3 Non-Hydroponic

7 Smart Greenhouse Market, By Technology (Page No. - 42)
    7.1 Introduction
    7.2 HVAC Systems
    7.3 LED Grow Lights
    7.4 Irrigation Systems
    7.5 Material Handling Equipment
    7.6 Valves and Pumps
    7.7 Control Systems
    7.8 Sensors and Cameras
    7.9 Other Technologies

8 Geographic Analysis (Page No. - 53)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Europe
           8.3.1 UK
           8.3.2 Germany
           8.3.3 Netherlands
           8.3.4 Scandinavia
           8.3.5 Rest of Europe
    8.4 APAC
           8.4.1 China
           8.4.2 Japan
           8.4.3 Australia
           8.4.4 Rest of APAC
    8.5 RoW
           8.5.1 Middle East
           8.5.2 Africa
           8.5.3 South America

9 Competitive Landscape (Page No. - 69)
    9.1 Introduction
    9.2 Ranking of Top 5 Players in Smart Greenhouse Market
    9.3 Competitive Situations and Trends
           9.3.1 Product Launches and Developments
           9.3.2 Contracts, Partnerships, and Agreements
           9.3.3 Others

10 Company Profiles (Page No. - 75)
     10.1 Key Players
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
             10.1.1 Heliospectra
             10.1.2 Lumigrow
             10.1.3 Rough Brothers
             10.1.4 Nexus Corporation
             10.1.5 Argus Control Systems
             10.1.6 Certhon
             10.1.7 Logiqs
             10.1.8 Greentech Agro LLC
             10.1.9 Netafim
             10.1.10 International Greenhouse Company
     10.2 Other Companies
             10.2.1 Sensaphone
             10.2.2 Cultivar
             10.2.3 Desert Growing
     10.3 Startup Ecosystem
             10.3.1 Kheyti
             10.3.2 Growlink
             10.3.3 Prospera Technologies
             10.3.4 Motorleaf
             10.3.5 Pure Harvest

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 95)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details

List of Tables (32 Tables)

Table 1 Smart Greenhouse Market, By Type, 2015–2023 (USD Million)
Table 2 Hydroponic Smart Greenhouse Market, By Technology, 2015–2023 (USD Million)
Table 3 Non-Hydroponic Smart Greenhouse Market, By Technology, 2015–2023 (USD Million)
Table 4 Smart Greenhouse Market, By Technology, 2015–2023 (USD Million)
Table 5 Smart Greenhouse Market for HVAC Systems, By Type, 2015–2023 (USD Million)
Table 6 Smart Greenhouse Market for HVAC Systems, By Region, 2015–2023 (USD Million)
Table 7 Smart Greenhouse Market for LED Grow Lights, By Type, 2015–2023 (USD Million)
Table 8 Smart Greenhouse Market for LED Grow Lights, By Region, 2015–2023 (USD Million)
Table 9 Smart Greenhouse Market for Irrigation Systems, By Type, 2015–2023 (USD Million)
Table 10 Smart Greenhouse Market for Irrigation Systems, By Region, 2015–2023 (USD Million)
Table 11 Smart Greenhouse Market for Material Handling Equipment,By Type, 2015–2023 (USD Million)
Table 12 Smart Greenhouse Market for Material Handling Equipment, By Region, 2015–2023 (USD Million)
Table 13 Smart Greenhouse Market for Valves and Pumps, By Type, 2015–2023 (USD Million)
Table 14 Smart Greenhouse Market for Valves and Pumps, By Region, 2015–2023 (USD Million)
Table 15 Smart Greenhouse Market for Control Systems, By Type, 2015–2023 (USD Million)
Table 16 Smart Greenhouse Market for Control Systems, By Region, 2015–2023 (USD Million)
Table 17 Smart Greenhouse Market for Sensors and Cameras, By Type, 2015–2023 (USD Million)
Table 18 Smart Greenhouse Market for Sensors and Cameras, By Region, 2015–2023 (USD Million)
Table 19 Smart Greenhouse Market for Other Technologies, By Type, 2015–2023 (USD Million)
Table 20 Smart Greenhouse Market for Other Technologies, By Region, 2015–2023 (USD Thousand)
Table 21 Smart Greenhouse Market, By Region, 2015–2023 (USD Million)
Table 22 Smart Greenhouse Market in North America, By Technology, 2015–2023 (USD Million)
Table 23 Smart Greenhouse Market in North America, By Country, 2015–2023 (USD Million)
Table 24 Smart Greenhouse Market in Europe, By Technology, 2015–2023 (USD Million)
Table 25 Smart Greenhouse Market in Europe, By Country, 2015–2023 (USD Million)
Table 26 Smart Greenhouse Market in APAC, By Technology, 2015–2023 (USD Million)
Table 27 Smart Greenhouse Market in APAC, By Country, 2015–2023 (USD Million)
Table 28 Smart Greenhouse Market in RoW, By Technology, 2015–2023 (USD Million)
Table 29 Smart Greenhouse Market in RoW, By Region, 2015–2023 (USD Million)
Table 30 Ranking of Top 5 Players, 2016
Table 31 Product Launches and Developments, 2015–2017
Table 32 Contracts, Partnerships, and Agreements, 2015–2017

List of Figures (25 Figures)

Figure 1 Markets Covered
Figure 2 Geographic Scope
Figure 3 Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 LED Grow Lights to Lead Smart Greenhouse Market During Forecast Period
Figure 8 Non-Hydroponic Smart Greenhouses to Hold Larger Market Size in 2018
Figure 9 Smart Greenhouse Market, By Region, 2018
Figure 10 LED Grow Lights to Exhibit Highest CAGR in Smart Greenhouse Market Between 2018 and 2023
Figure 11 Rapidly Growing Population—A Key Driver for Smart Greenhouse Market Growth
Figure 12 Hydroponic Smart Greenhouses to Hold Larger Size of Smart Greenhouse Market During Forecast Period
Figure 13 LED Grow Lights Accounted for Largest Share of European Smart Greenhouse Market in 2017
Figure 14 Smart Greenhouse Market in Mexico to Grow at Highest CAGR During 2018–2023
Figure 15 Rising Trend for Indoor Farming and Increasing Demand for Food Acting as Drivers for Smart Greenhouse Market
Figure 16 Hydroponic Smart Greenhouse Market Expected to Grow at Higher CAGR During Forecast Period
Figure 17 Mexico and Middle East is Likely to Exhibit Highest CAGR in Smart Greenhouse Market During 2018–2023
Figure 18 Europe to Hold Largest Size of Smart Greenhouse Market By 2023
Figure 19 Europe: Smart Greenhouse Market Snapshot
Figure 20 LED Grow Lights to Exhibit Highest CAGR in Smart Greenhouse Market in Europe Between 2018 and 2023
Figure 21 APAC: Smart Greenhouse Market Snapshot
Figure 22 Rest of APAC to Exhibit Highest CAGR in Smart Greenhouse Market During Forecast Period
Figure 23 Companies Adopted Contracts, Partnerships, and Agreements as Key Strategies Between 2015 and 2017
Figure 24 Battle for Market Share: Contracts & Agreements Were Key Strategies
Figure 25 Heliospectra: Company Snapshot

The smart greenhouse market is expected to grow from USD 1.26 Billion in 2018 to USD 2.28 Billion by 2023, at a CAGR of 12.6% between 2018 and 2023. The trend of indoor farming due to changing consumer preferences, favorable government regulations and incentives pertaining to smart greenhouse lighting technology, and high demand for food due to enormously growing population are the key factors driving the smart greenhouse market growth.

This market is segmented on the basis of type, technology, and geography. Among all technologies, the market for LED grow light is expected to grow at the highest CAGR during the forecast period. LED grow lights are proving to be the best lighting systems owing to their compact design, adjustable light spectrum, and cool and directional emission of light. LED grow light systems also have a long operational life of 30,000 to 50,000 hours and consume considerably less energy.

On the basis of type, the smart greenhouse market has been segmented into hydroponic and non-hydroponic greenhouses. Controlled-environment agriculture (CEA) and hydroponics have gained popularity due to advancements in greenhouse structures and affordability of technologies that support plant growth. Hydroponics offers several advantages over soil-based horticulture, such as lower water consumption, no need of soil, better use of space and location, effective use of nutrients, and requirement for fewer pests.

Europe was the leading market for smart greenhouses in 2017. The population growth, which consequently is likely to lead to the increase in the global demand for food, is the key driver for the smart greenhouse market growth. The emergence of controlled-environment agriculture (CEA) and smart greenhouses in Europe due to the favorable environment for the adoption of greenhouse automation technologies and initiatives taken by the government due to growing population are the other factors that are expected to boost market growth in Europe.

Smart greenhouses are a combination of technologies such as HVAC, material logistics, sensors, and LED grow lights. The integration of all technologies in greenhouses is a challenge because different companies provide different attributes for a controlled environment. Hence, to make a smart greenhouse, companies need to work together and provide a controlled environment to produce maximum yields. This is the major constraint which hinders the growth of the smart greenhouse market.

Certhon held a leading position in the smart greenhouse market in 2017. Certhon is an expert in greenhouse construction to meet the requirements of commercial growers. It also provides HVAC technologies for maintaining temperatures and control systems for regulating the conditions in a greenhouse. The company has adopted contracts, agreements, and expansions as key strategies to increase its business in the smart greenhouse market. In September 2017, it signed a contract with Poumo d'Amour (France) to build a SuprimAir greenhouse for Poumo d’Amour for growing tomato. With this development, the company will increase its business in the smart greenhouse market.

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