Smart Greenhouse Market - By Type (Hydroponic Greenhouses, Non-Hydroponic Greenhouses), By Technology, By Components, By End-User, By Application & Forecast, 2024 – 2032

Smart Greenhouse Market - By Type (Hydroponic Greenhouses, Non-Hydroponic Greenhouses), By Technology, By Components, By End-User, By Application & Forecast, 2024 – 2032

Smart Greenhouse Market Size

Smart Greenhouse Market was valued at over USD 2 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032. The industry has been fueled by advancements in sensor and IoT technologies, which make it possible to precisely monitor and manage environmental elements. IoT enables smooth communication and automation, while integrated sensors gather temperature, humidity, and light data in real time. Farmers increase agricultural yields, conserve resources, and optimize growing conditions because to this synergy.

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Smart greenhouses are essential instruments for environmentally friendly and cutting-edge agricultural methods due to their ability to continuously evolve sensor and Internet of Things capabilities, which has the potential to transform agriculture. For instance, in November 2023, The Asian Institute of Technology launched a Smart Greenhouse spanning 10m x 20m. Developed by the School of Environment, Resources, and Development, it uses IoT and AI technologies. With an emphasis on agricultural transformation, the Smart Greenhouse is meant to optimize and manage environmental variables, paving the way for more efficient and improved farming techniques.

The smart greenhouse industry gains from the growing popularity of vertical farming because of its controlled and space-efficient environment. They offer a practical and effective way to grow crops year-round in confined urban areas.
 

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A significant obstacle to the rapid expansion of the smart greenhouse business is the resistance of farmers to modify their farming methods. Traditional farming systems are deeply ingrained with long-standing traditions, making the integration of cutting-edge technologies susceptible to resistance. Due of the unfamiliarity, perceived hazards, or requirement for retraining, farmers may be reluctant to accept new techniques. It will take effective teaching and demonstration of the advantages of smart greenhouse technologies, such as enhanced yields, resource optimization, and better efficiency, to overcome this reluctance.

Smart Greenhouse Market Trends

The smart greenhouse industry has witnessed a growing adoption of scalable and modular solutions. This enables farmers to expand and alter their greenhouse structures in response to requirements. On account of their versatility, modular designs allow for the integration of new technologies as well as the adaptation of crop varieties or cultivation techniques. This methodology maximizes the use of available resources and fosters effective, customized solutions for a range of agricultural needs.

Remote monitoring and control solutions are becoming more popular in the smart greenhouse industry, enabling farmers to remotely monitor and modify greenhouse conditions. These systems make use of cutting-edge technologies to provide immediate access to environmental data, enabling quick decision-making. This improves total output and quality by increasing operating efficiency, maximizing resource consumption, and guaranteeing crops receive the right growth conditions.

Smart Greenhouse Market Analysis

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Based on component, the market is divided into hardware, software, and services. The hardware segment is expected to reach USD 2 billion by 2032.

• The smart greenhouse hardware market is expected to expand due to increased usage of advanced technologies such as sensors, actuators, and control systems. These components are required to create intelligent and automated greenhouse habitats that allow for real-time monitoring and control of variables including as temperature, humidity, and lighting.
• As the demand for precision farming and sustainable agriculture grows, so will the requirement for robust hardware solutions to support these technologies, fueling growth in the hardware market.

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Based on the type, the market is divided into hydroponic and non-hydroponic greenhouses. The non-hydroponic greenhouses segment is expected to register a CAGR of over 11% during the forecast period.

• Non-hydroponic greenhouses align with traditional soil-based farming practices, ensuring accessibility for a diverse range of farmers. This integration allows for a smoother transition, enabling growers to leverage advanced greenhouse technologies while maintaining familiar cultivation methods, contributing to industry growth.
   
• Non-hydroponic systems provide a seamless integration advantage since they are easily installed into existing greenhouse constructions. This versatility reduces the need for costly changes or new constructions, making it a cost-effective and practical alternative for greenhouse operators wishing to equip their facilities with smart technologies.

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North America dominated the global smart greenhouse market, accounting for a share of over 45% in 2023. The growing usage of cutting-edge agricultural technologies in North America is expected to propel the market for smart greenhouses. The region's robust technology infrastructure, the challenges posed by climate fluctuation, and the growing need for year-round, locally sourced produce are some of the contributing factors. The market is further driven by increased awareness of resource-efficient solutions and government backing for sustainable farming methods. North America is witnessing a transition toward smart greenhouse technologies to improve agricultural productivity and quality, with an emphasis on precision agriculture.

Smart Greenhouse Market Share

Argus Control Systems Ltd. and Nexus Corporation held a significant share of over 15% in the market. Argus Control Systems Ltd. is a global leader in advanced control systems for horticulture. Specializing in the smart greenhouse industry, Argus provides comprehensive solutions for environmental control, irrigation management, and data-driven automation. Their technology optimizes crop conditions, enhances resource efficiency, and ensures year-round production. With over 30 years of expertise, Argus Control Systems is a trusted provider, contributing to the advancement of sustainable and high-yield agriculture worldwide.

Nexus Corporation specializes in advanced greenhouse automation solutions. As a prominent player in the global market, Nexus provides innovative technologies for climate control, irrigation, and resource optimization. Their offerings include state-of-the-art sensors, automated systems, and software solutions. With a commitment to sustainable and precision farming, Nexus contributes to increased yields, reduced resource consumption, and enhanced crop quality, meeting the evolving needs of modern agriculture.

Smart Greenhouse Market Companies

Major players operating in the smart greenhouse industry are

• Argus Control Systems Ltd.
• Certhon
• GreenTech Agro LLC
• Netafim Ltd.
• Nexus Corporation 
• Rough Brothers Inc.
• Sensaphone

Smart Greenhouse Industry News

• In November 2022, Certhon introduced SupriSun, a greenhouse that offers precise lighting control and temperature management, akin to indoor farming. SupriSun can be standalone or complement Certhon's earlier product, the Gronos, providing versatile and sustainable solutions for modern agriculture.
• In August 2022, Signify Korea installed a Philips horticulture LED grow light solution at the 2.8 ha Parm Farm Greenhouse for tomato production in Nonsan, Chungcheongnam-do, Korea. Parm Farm installed Philips GreenPower toplighting compact to produce higher yields, accelerate plant growth, and enable higher-quality crop production.

The smart greenhouse market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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Market, By Type

• Hydroponic Greenhouses
• Non-Hydroponic Greenhouses

Market, By Technology

• HVAC Systems
• LED Grow Lights
• Sensors and Control Systems
• Irrigation System
• Pumps and valves
• Material handling

Market, By Components

• Hardware
• Software
• Services

Market, By End-User

• Commercial Smart Greenhouses
• Large-Scale Commercial Greenhouses
• Small and Medium-Scale Commercial Greenhouses 
• Residential Smart Greenhouses
• Research and Educational Institutes

Market, By Application

• Floriculture
• Fruits and Vegetables
• Nurseries

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA