$29 Billion Commercial Greenhouse Market to 2020 - Market projected to grow at a CAGR of 8.8%

Mar 02, 2016, 14:10 ET from Research and Markets

DUBLIN, March 2, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/25lpg7/commercial) has announced the addition of the "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" report to their offering.

Commercial Greenhouse market projected to grow at a CAGR of 8.8%

The global commercial greenhouse market is projected to reach USD 29.64 billion by 2020

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.

Heating Systems accounted for the largest market share in 2015

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.

Glass Greenhouse led the market with the largest share

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.

Fruits & Vegetables accounted for the maximum market share in 2015

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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Commercial Greenhouse Market, By Equipment

8 Commercial Greenhouse Market, By Type

9 Commercial Greenhouse Market, By Crop Type

10 Commercial Greenhouse Market, By Region

11 Competitive Landscape

12 Company Profiles

- Agra Tech, Inc

- Argus Control Systems Ltd.

- Certhon

- Heliospectra Ab

- Hort Americas, Llc

- Logiqs B.V.

- Lumigrow, Inc.

- Nexus Corporation

- Richel Group Sa

- Rough Brothers, Inc.

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SOURCE Research and Markets