Global Smart Greenhouse (Hydroponic, Non-hydroponic) Market 2015-2020 - Market is expected to raise more than USD 1.2 Billion

Jul 24, 2015, 15:15 ET from Research and Markets


DUBLIN, July 24, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/jp78w7/_smart_greenhouse) has announced the addition of the " 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 " report to their offering.

The smart greenhouse market is expected to raise more than USD 1.2 Billion with CAGR of 14.18% from 2015 to 2020. The below figure shows the estimated growth of the market between 2014 and 2020.

The agriculture market is witnessing a transition from traditional method to advanced urban farming. Smart greenhouse is a type of urban farming of cultivating crops without human intervention. Smart greenhouses have a strong presence and are increasing all over the world. Europe is an early adopter of smart greenhouses and holds a major market share. However, developing regions such as APAC and RoW are witnessing impressive growth in the market. The increasing urbanization and development is one of the main reasons for the demand for urban farming in these regions. The Middle East is the largest-growing country in the RoW region in the smart greenhouse market.

Smart greenhouse is an emerging application with high-growth potential and uses several technologies, such as HVAC, LED grow light, communication technology, irrigation system, material handling, valves & pumps, and control systems. LED grow light holds the largest share in the overall smart greenhouse technology market. The need for energy-efficient light and long-lasting technology is one of the main reasons for the high growth of LED grow lights in the smart greenhouse market. It has a long life of 50,000 hours, while incandescent lamps can work for only 2,000 hours. It can last for nearly 8 to 10 years assuming 14 to 18 hours of daily use. Also, it consumes 50% and 85% lesser electricity than fluorescent lamps and incandescent lights, respectively.

In this report, drivers, restraints, opportunities, and challenges for the smart greenhouse market have been covered. Major driving factors for this market are the rising trend of urban farming, increasing population, and the new trend of rooftop farming.

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.).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Smart Greenhouse Market, By Technology

8 Smart Greenhouse Market, By Type

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

- Argus Control System Ltd.

- Certhon

- Greentech Agro LLC

- Heliospectra AB

- Hort Americas

- Logiqs B.V.

- Lumigrow, Inc.

- Nexus Corporation

- Rough Brothers Inc.

- Terrasphere Systems, LLC

For more information visit http://www.researchandmarkets.com/research/jp78w7/_smart_greenhouse

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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