Smart Greenhouse Market

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MarketsandMarkets Presents
Smart Greenhouse Market worth 1.2 Billion USD by
2020 According to a new market research report
"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", the 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.
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The smart greenhouse is expected to witness high
growth in technologies such as LED grow light.
LED grow lights are used for indoor farming due
to increasing awareness about its benefits such
as energy efficiency, no ballast requirement, and
low heat wastage. It is one of the major
technologies used in smart greenhouses for
growing crops. The demand for LED grow lights is
increasing due to the rising trend of indoor
farming, government regulations in favor of LED
lighting, and requirement for energy-efficient
and long-lasting lighting technology as a
supplement to natural lighting. The HVAC
technology holds the largest market share among
all smart greenhouse market technologies. The
present value of HVAC is worth USD 283.97 Million
in 2015 to reach USD 382.28 Million by
2020. Download Sample Pages _at_http//www.marketsa
ndmarkets.com/requestsample.asp?id63166169 In
this report, the smart greenhouse market is
segmented into hydroponic and non-hydroponic
greenhouses. The technologies used in smart
greenhouses covered in this report are HVAC, LED
grow light, communication technologies,
irrigation systems, material handling, valves
pumps, control systems, and others. Each
technology, and type is analyzed both in terms of
qualitative and quantitative aspect, and it
includes all subsegments with detailed analysis.
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One of the objectives of the report was to
analyze the market trends for each of the smart
greenhouse market segments and their respective
growth rates. Apart from the market segmentation,
the report also conducts in-depth analyses such
as Porters five forces analysis, value chain
with a detailed process flow diagram, and market
dynamics such as drivers, restraints,
opportunities, and challenges for the smart
greenhouse market. The market size for the smart
greenhouse market is included in the report for
four geographical regions, namely, North America,
Europe, Asia-Pacific, and Rest of the World
(RoW). Europe is estimated to account for a major
share in this market, whereas the Asia-Pacific
region is expected to witness the highest growth
with a CAGR of 15.58 from 2015 to 2020. Report
Details _at_ http//www.marketsandmarkets.com/Market
-Reports/smart-greenhouse-market-63166169.html
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.).
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