Smart Greenhouse Market

Market Overview:

The global smart greenhouse market size reached USD 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 4.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.38% during 2024-2032. The growing adoption of organic farming that requires strict adherence to chemical-free cultivation practices, rising innovations in artificial lighting technology, particularly the use of light-emitting diode (LED) grow lights, and increasing integration of automated systems, are some of the factors impelling the market growth.

A smart greenhouse is an advanced concept encompassing a traditional greenhouse equipped with cutting-edge sensors and communications systems to continuously monitor, gather, and deliver data on the surroundings and crops. The collected data is fed into a platform where analytical algorithms convert it into actionable insights to uncover potential problems and analyze crop disease and infection risks. It helps optimize plant growth by regulating temperature, heat, humidity, and light automatically, as well as on demand. It provides a self-regulated controlled environment that allows crops to reach the harvesting stage faster while retaining the maximum nutrients. It also controls moisture in the soil to automatically supplement all crops with precise quantities of water. Since it aids farmers in reducing labor work, improving resource and chemical use efficiency, and optimizing yield rates with minimal human and climate interference, the smart greenhouse is rapidly gaining popularity across the globe.

Smart Greenhouse Market Trends:

Automation and Internet of Things (IoT) Integration

Automated systems allow growers to control various environmental factors like temperature, humidity, lighting, and soil moisture with precision, resulting in optimized growing conditions. Sensors and Internet of Things (IoT) devices collect real-time data, enabling predictive maintenance and efficient resource management. This reduces labor costs and enhances productivity by eliminating the need for manual intervention in routine tasks. The ability to remotely monitor and control greenhouse operations also appeals to commercial and small-scale farmers alike, thereby increasing overall adoption rates. Smart greenhouses are offering data-driven insights to improve crop yield, which is leading to the adoption of automated solutions. In 2024, Nature Fresh Farms partnered with Koidra to trial artificial intelligence (AI)-powered automation in their greenhouse operations. The collaboration aims to optimize productivity and resource use by integrating Koidra's AI solutions, DataPilot and KoPilot, to manage climate, lighting, and irrigation systems autonomously. This trial will focus on enhancing operational efficiency, reducing energy costs, and maximizing crop yields.

Advancements in Artificial Lighting

Innovations in artificial lighting technology are enhancing the efficiency of smart greenhouses. LED lighting systems can be precisely controlled to provide the optimal light spectrum for different plant growth stages, notably increasing crop yields. These lights are energy-efficient and have a longer lifespan compared to traditional lighting options, making them a cost-effective choice for greenhouse operators. Moreover, advancements in light automation allow growers to simulate natural sunlight cycles, improving plant health and growth. The adoption of these cutting-edge lighting technologies is helping smart greenhouses maximize productivity while reducing energy usage. In 2024, ams OSRAM launched the OSCONIQ® P3737, a high-power LED with an 83.2% efficiency in Hyper Red, aimed at reducing energy costs in greenhouses without compromising light output. This LED increases photosynthesis rates and crop yields while offering up to 11% energy savings.

Rising Demand for Organic Food

Organic farming requires strict adherence to chemical-free cultivation practices, which can be challenging to maintain in open fields due to exposure to pollutants, pests, and unpredictable weather. Smart greenhouses provide a controlled environment where organic crops can be grown without the need for pesticides or synthetic fertilizers, ensuring compliance with organic standards. This technology allows for year-round organic production, helping farmers meet the increasing market demand. As organic food is gaining popularity due to health and environmental concerns, the use of smart greenhouses in organic farming is becoming more widespread. In 2023, the total value of the worldwide market for organic food was USD 207.4 Billion, as per the data provided by the IMARC Group.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global smart greenhouse market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, offering, and end user.

Type Insights:

• Hydroponic
• Non-Hydroponic
   

The report has provided a detailed breakup and analysis of the smart greenhouse market based on the type. This includes hydroponic and non-hydroponic. According to the report, hydroponic represented the largest segment.

Offering Insights:

• Hardware
  • HVAC Systems
  • LED Grow Lights
  • Irrigation System
  • Valves and Pumps
  • Sensor and Control System
  • Others
• Software
• Services
   

A detailed breakup and analysis of the smart greenhouse market based on the offering has also been provided in the report. This includes hardware (HVAC systems, LED grow lights, irrigation system, valves and pumps, sensor and control system, and others), software, and services. According to the report, hardware accounted for the largest market share.

End User Insights:

• Commercial Growers
• Research and Educational Institutes
• Retail Gardens
• Others
   

The report has provided a detailed breakup and analysis of the smart greenhouse market based on the end user. This includes commercial growers, research and educational institutes, retail gardens, and others. According to the report, research and educational institutes represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe holds the biggest smart greenhouse market share. Some of the factors driving the Europe smart greenhouse market included the rapid growth in the agriculture industry, increasing penetration of advanced farming practices and technologies, rising demand for highly nutritious and organic food, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global smart greenhouse market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• Argus Control Systems Limited (Conviron)
• Certhon
• Heliospectra AB
• Netafim (Orbia)
• Sensaphone
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Smart Greenhouse Market News:

• September 2024: Bicker Elektronik presented a DC UPS solution designed to ensure uninterrupted power for Hoogendoorn’s IIVO smart greenhouse control system. The UPS provides a reliable shutdown and reboot during power failures, using maintenance-free Supercap energy storage for long-lasting, efficient performance.
• April 2024: Costa Rica, with support from CABEI and the Republic of Korea, launched its first intelligent greenhouse. Located at the Los Diamantes Experimental Station, the 2,500 m² facility uses advanced technology for automated crop management, improving productivity and quality.
• July 2024: It was reported that Uzbekistan will construct a 0.6-hectare smart greenhouse with the help of South Korean technology. The facility, equipped with energy-saving technologies and remote management, will support agricultural cultivation and research.

Report Coverage:

Key Questions Answered in This Report:

• How has the global smart greenhouse market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global smart greenhouse market?
• What is the impact of each driver, restraint, and opportunity on the global smart greenhouse market?
• What are the key regional markets?
• Which countries represent the most attractive smart greenhouse market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the smart greenhouse market?
• What is the breakup of the market based on the offering?
• Which is the most attractive offering in the smart greenhouse market?
• What is the breakup of the market based on end user?
• Which is the most attractive end user in the smart greenhouse market?
• What is the competitive structure of the global smart greenhouse market?
• Who are the key players/companies in the global smart greenhouse market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the smart greenhouse market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global smart greenhouse market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the smart greenhouse industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.