Global Smart Greenhouse Industry

Global Smart Greenhouse Industry

  • July 2020 •
  • 184 pages •
  • Report ID: 5799643 •
  • Format: PDF
Global Smart Greenhouse Market to Reach $3 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Greenhouse estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at aCAGR of 11.9% over the period 2020-2027. Hydroponic, one of the segments analyzed in the report, is projected to record 12.5% CAGR and reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Hydroponic segment is readjusted to a revised 10.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $408.9 Million, While China is Forecast to Grow at 11.4% CAGR

The Smart Greenhouse market in the U.S. is estimated at US$408.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$530.9 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 10% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.We bring years of research experience to this 7th edition of our report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Argus Control Systems Ltd.
  • Certhon Build B.V.
  • Cultivar Ltd.
  • Desert Growing
  • Growlink
  • Heliospectra AB
  • International Greenhouse Company
  • Kheyti
  • Logiqs B.V.
  • LumiGrow, Inc.
  • Motorleaf
  • Netafim Ltd.
  • Nexus Corporation
  • Prospera Technologies Ltd.
  • Rough Brothers, Inc.
  • Sensaphone