The global smart greenhouse market was valued at $2018.12 billion in 6

According to the report by Markets and Markets, the global smart greenhouse market is expected to grow from $1.
26 billion in 2018 to $2.
28 billion by 2023, with a CAGR of 12.
6%
during the period.

The global smart greenhouse market was valued at $1.
26 billion in 2018

The key factors driving the smart greenhouse market include indoor farming due to changing consumer preferences, substantial population growth, high demand for food products, favorable government regulations, and incentives related to smart greenhouse lighting technology
.

HVAC and LEDs have become the main technologies for smart greenhouses

HVAC systems are used to maintain optimal temperatures
in a controlled environment.
It plays an important role
in smart greenhouses by maintaining the ideal temperature for plant growth and eliminating the adverse effects of external temperature changes, and making year-round cultivation possible.
As a result, the high-voltage AC system provides an improved indoor environment and minimizes operating costs
.

LED grow lights serve as supplemental lighting in a greenhouse environment, and HVAC technology is heated and cooled along with other activities such as ventilation equipment and lighting to provide proper nutrition
to plants.
And due to the compact design, adjustable spectrum, and cold and directional luminescence of LED lighting systems, LED lighting systems are the best lighting systems
.
LED grow light systems have a long service life of 30,000 hours to 50,000 hours, and the energy consumption is greatly reduced
.
Therefore, based on technology, LED lighting and HVAC technology are expected to occupy the largest share
of the smart greenhouse market.

Non-hydroponic smart greenhouses account for the largest market share

Non-hydroponic greenhouses use soil as a basis for
growing plants.
Due to its easy availability and low infrastructure costs, traditional greenhouse gardening began to use soil as a base
for all plants.
Therefore, even today, most greenhouses around the world follow this technique
.
In non-hydroponic (soil-based) greenhouses, proper analysis of the soil is required to determine the type of plant growth, which helps to increase the yield
of the soil greenhouse.

Europe accounts for the largest market share of the overall smart greenhouse

Traditionally, Europe has been at the forefront
of implementing advanced technologies for greenhouse horticulture.
Countries such as the Netherlands, Spain and Italy have large
areas of greenhouse cultivation.
Recently, the population of Europe has expanded rapidly, and countries have imported fruits and vegetables
frozen from markets in Africa and Asia.
The indoor gardening industry has seen rapid growth in some of the major countries in the region to obtain fresh produce
from locally grown farms.
This factor is expected to generate a huge demand
for controlled environment agriculture in the near future.

Key players in the smart greenhouse market include Heliospectra (Sweden), LumiGrow (US), Rough Brothers (US), Nexus Corporation (US), Argus Control Systems (Canada), Certhon (Netherlands), Logiqs (Netherlands), Greentech Agro (US), Netafim (US), and International Greenhouse Corporation (US).

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