Commercial Greenhouse Market Growing at 8.8% CAGR to 2020 Led by Glass Greenhouse Segment

Feb 23, 2016, 01:00 ET from RnR Market Research

PUNE, India, February 23, 2016 /PRNewswire/ --

Global commercial greenhouse market is projected to grow at a CAGR of 8.8% and reach USD 29.64 billion by 2020, wherein heating systems accounted for the largest market share in 2015 and glass greenhouse set to lead the market with the largest share. Fruits & Vegetables are accounted for the maximum market share in 2015.

Complete report on global commercial greenhouse market spread across 117 pages, profiling 10 companies and supported with 46 tables and 38 figures is now available at http://www.rnrmarketresearch.com/commercial-greenhouse-market-by-equipment-heating-systems-cooling-systems-and-others-type-glass-greenhouse-plastic-greenhouse-and-others-crop-type-by-region-global-trends-forecasts-to-2020-market-report.html  

In 2015, Europe is estimated to be the largest market for commercial greenhouse. North America is projected to be the fastest-growing market with the highest CAGR for commercial greenhouse during the forecast period 2015-2020. The market is majorly driven by the factors like higher yields compared to traditional agriculture and the demand for rooftop farming.

Among the equipment used in commercial greenhouse, heating system accounted for the largest market share, followed by cooling systems, in 2015. Heating systems are considered as one of the vital requirements for the effective production of plants in commercial greenhouses. Greenhouses use radiant hot water heating systems for internal heating during cold weather conditions.

On the basis of type, the commercial greenhouse market is led by the glass greenhouse segment, followed by the plastic greenhouse segment. Glass is preferred for traditional glazing because of its permanence and beauty. However, glass is one of the least efficient materials for retaining heat due to its high heat transfer rate, as it allows the cold temperature to transfer easily and has poor insulating characteristics.

Among the crop type, fruits & vegetables accounted for the largest market share, followed by flowers & ornamentals, in 2015.Rising population, increasing demand for fresh fruits & vegetables, and urbanization are expected to drive the market for fruits & vegetables in commercial greenhouses.

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (25%), Tier 2 (20%) and Tier 3 (55%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (25%) and Manager Level (75%) from various key organizations operating in the global commercial greenhouse market. The primary interviews were conducted worldwide covering regions such as North America (2%), Europe (10%), Asia-Pacific (83%) and Row (5%).

Leading players such as Richel Group SA (France), Argus control systems ltd. (U.S), Certhon (U.S.), Logiqs (The Netherlands), and Lumigrow (U.S.) have been profiled in the report. Other players include Keder Greenhouse (UK), Agra Tech, Inc (U.S.), Hort Americas, LLC (U.S.), Rough Brothers Inc. (U.S.) and Heliospectra AB (Sweden). Order a copy of Commercial Greenhouse Market by Equipment (Heating Systems, Cooling Systems, and Others), Type (Glass Greenhouse, Plastic Greenhouse and Others), Crop Type, & by Region - Global Trends & Forecasts to 2020 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=480469  

From an insight perspective, this research report has focused on various levels of analysis, namely, industry analysis, market share analysis of top players, supply chain analysis, and company profiles. All of these together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging- and high-growth segments, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities for the global commercial greenhouse market.

On a related note, another research on Smart Agriculture Market Global Forecast to 2022 says, the smart agriculture market is expected to reach USD 18.45 billion by 2022, at a CAGR of 13.8% between 2016 and 2022. The major driving factors for the Smart agriculture market are increasing adoption of technology in agriculture, global increase in the demand for food, and assistance in monitoring livestock performance and health. This report caters to the needs of leading companies, end users, and other related stakeholders in this market. Companies like Deere & Company (U.S.), Trimble Navigation Ltd. (U.S.), Ag Junction (U.S.), Raven Industries Inc. (U.S.), and AGCO Corporation (U.S.). have been profiled in this 145 pages research report available at http://www.rnrmarketresearch.com/smart-agriculture-market-by-hardware-and-network-platform-gps-gnss-devices-sensor-monitoring-systems-and-smart-detection-systems-network-elements-service-software-application-and-geography-global-forecast-to-2022-market-report.html  

Explore more reports on Agriculture market at http://www.rnrmarketresearch.com/reports/food-beverage/agriculture  

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