The perception of greenhouse that encourages crops depressed of human intervention is well-known as smart greenhouse. Crops in a smart greenhouse are increase up without the variation of climate or any human intervention through any means for certain duration. The smart greenhouse exploits dissimilar sensors and microprocessors to activate functions such as controlling irrigation system and temperature. In smart greenhouse any form of fruit, plant and vegetables can be sophisticated at any period of year.
According to the report analysis, ‘Global Smart Greenhouse Market to reach USD 2.4 billion by 2026’ states that the effective augment in the demand for food with the growing global populace along with augmenting number of government initiatives to encourage implementation of smart agricultural practices are measured to be the foremost driving forces of the market growth. The prominent increase in the population is significantly growing the per capita food consumption levels hence augmenting the requirement for food production. As per FOA organization, requirement for cereals is projected to reach 3 billion tones in 2050 as measured to 2.1 billion tones during 2009 owing to increasing population. Similarly, the Per capita food consumption is projected to augment from 2700 during year 2005 to 3100 kilo calories by 2050. Furthermore, developing trend of rooftop farming across urban areas is probable to generate the significant growth opportunity in the market over the review period. However, amalgamation of technologies and the prerequisite of high initial investment limit the growth of the market over the review duration of 2020-2026.
Furthermore, the effective growth in the popularity of organic food around the globe and surge in implementation of IoT and artificial intelligence by the farmers and agriculturists propel the growth of the market. Not only has this, convenient of crop monitoring and harvesting propels the market growth. However, the great investment costs due to deployment of exclusive systems in smart greenhouses restrict the growth of the market. Furthermore, effective increase in implementation of vertical farming technology and augment in public-private partnership in the agriculture segment are expected to deliver the lucrative choices for the market growth.
Nexus Corporation, Argus Control Systems Limited, Certhon, Rough Brothers, Inc., GreenTech Agro LLC, Netafim, Sensaphone, Cultivar Ltd., Heliospectra AB, LumiGrow and several others are major players included in report.
Although, the regional analysis of international Smart Greenhouse market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Europe is the leading/significant region around the world in terms of market share due to great number of smart greenhouse projects being passed out across the region. Whereas, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the review period of 2020-2026. Aspects such as growing populace, high pressure to develop agricultural yields with restricted available resources and augmented requirements to safeguard crops from unexpected climatic fluctuations would create rewarding growth prospects for the Smart Greenhouse market around the Asia-Pacific region. Therefore, in the coming duration, the market smart greenhouse will increase around the globe more positively over the inflowing duration.
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Ankur Gupta, Head Marketing & Communications