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Smart Greenhouse Market competitive analysis and industry trends

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Vaibhavi Patil
Smart Greenhouse Market competitive analysis and industry trends

A smart greenhouse is an impression of a greenhouse that cultivates crops without human intervention. Crops raise without adjustment of climate or any human interference by any means for a certain period in a smart greenhouse. The smart greenhouse uses several microprocessors and sensors to perform functions like controlling temperature and irrigation systems. The key unbiassed of the smart greenhouse is to increase the farmers' productivity and produce better farming outcomes. The rise in popularity of organic food across the world and the surge in adoption of IoT and artificial intelligence by farmers and agriculturists drive the development of the market. Also, the ease of crop monitoring and harvesting fuels market development. But high investment costs due to the deployment of expensive systems in smart greenhouses hamper the market's growth. Moreover, the increase in the adoption of vertical farming technology and the rise in public-private partnerships in the agriculture sector is anticipated to offer lucrative opportunities for market development. The Smart Greenhouse Market is expected to grow at the rate of 9.6% CAGR by 2026.

 

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The types of smart greenhouse include hydroponic and non-hydroponic. The hydroponic segment has acquired the highest share in the smart greenhouse market. The hydroponic-based smart greenhouse is a method of production where nutrient solution is used rather than soil. This technique uses sand, pebbles, or sawdust as a substrate since; they have a high water-holding capability. This type of smart greenhouse allows soilless farming to minimize the consumption of resources, enabling many stakeholders to deploy hydroponic-based smart greenhouse agriculture.

 

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