Global Smart Greenhouse Market 2016-2020
About Smart Greenhouse
In a smart greenhouse, crops are cultivated under controlled conditions to optimize production. Technologies such as sensors and devices are used to automate the functions of the greenhouse. Smart greenhouses protect crops from diseases, pests, and harsh weather conditions, while at the same time consuming low amount of power and allowing remote access to the farmers.
A smart greenhouse is equipped with interconnected devices to control sunlight, temperature, and humidity depending on the type of crop. The control system collects data from various sensors and transmits it for analysis to reduce production losses. The environment inside a smart greenhouse can be changed, modified, and analyzed remotely, and this is advantageous when such greenhouses are spread across regions.
Technavio’s analysts forecast the global smart greenhouse market to grow at a CAGR of 17% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart greenhouse market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Greenhouse Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Smart Greenhouse Market: Heliospectra, LumiGrow, Nexus, and Rough Brothers.
Other Prominent Vendors in the market are: Netafim, Logiqs, Hort Americas, Terrasphere Systems, and Certhon.
Commenting on the report, an analyst from Technavio’s team said: “One of the primary purposes of smart technology is to improve energy efficiency. Power is the highest operating expenditure for greenhouses. Power is used mainly for heating, cooling, and lighting. Growers are using LED grow lights and smart heating and cooling technologies to reduce their power consumption, thus reducing costs.”
According to the report, technological innovations have led to the development of floating and solar-powered greenhouses that generate their own power, thereby reducing carbon emissions significantly. They use artificial intelligence devices, sensors, and controls for irrigation, automation, and control of the environment, which increase efficiency and output.
Further, the report states that producing crops in a controlled environment is capital and labor intensive, as the installation of a smart greenhouse is expensive. Apart from building a greenhouse, users have to install interconnected sensors; lighting, heating, cooling, and control devices; and software to control climatic conditions for efficient production. This makes users reluctant to invest in smart greenhouses as the ROI is negligible. The premium prices of technology and installation hinder the use of smart greenhouse technologies.
Heliospectra, LumiGrow, Nexus, Rough Brothers, Netafim, Logiqs, Hort Americas, Terrasphere Systems, Certhon.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook