United States Smart Greenhouse Market Size, Share, and COVID-19 Impact Analysis, By Type (Hydroponic, Non-Hydroponic), By Technology (HVAC, LED Grow Light, Irrigation System, Material Handling, Valves, Control System, Sensor & Camera), By End-User (Commercial Growers, Research Institute, Retail Gardens, Others), and United States Smart Greenhouse Market Insights Forecast to 2033
Industry: Information & TechnologyUnited States Smart Greenhouse Market Insights Forecasts to 2033
- The Market Size is Growing at a CAGR of 11.4% from 2023 to 2033.
- The United States Smart Greenhouse Market Size is Expected to Hold a Significant Share by 2033.
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The United States Smart Greenhouse Market Size is Expected to Hold a Significant Share by 2033, at a CAGR of 11.4% during the forecast period 2023 to 2033.
Market Overview
Smart Greenhouse is a self-tracking and self-regulating, micro-climatically controlled environment for optimal plant growth. Even remote interpretations in those situations generate automatic moves that compare alternatives and take corrective action, ensuring the best plant increase situations. The crop field's frame structure is covered with a transparent or green shady mesh material. Plants can grow freely in the shade. In addition, technology companies have also entered the market, contributing to its growth by developing advanced sensors and control systems. This trend promotes sustainable and efficient food production while also driving economic growth in the United States. Sensors control the internal environment completely or partially, depending on the needs of agriculture. The introduction of greenhouse technology was required to benefit the agricultural sector. Temperatures, carbon dioxide and oxygen levels, humidity, soil, and atmospheric pressure all vary by culture. It also regulates soil moisture, automatically supplementing all crops with precise amounts of water. The smart greenhouse is quickly gaining popularity in the United States because it helps farmers reduce labor, improve resource and chemical use efficiency, and optimize yield rates with minimal human and climate interference. Hence, smart greenhouses help farmers increase their productivity and achieve better farming results. As such, growing awareness of the ease of crop monitoring, cultivation, and harvesting associated with smart greenhouses is one of the primary drivers of United States market growth.
Report Coverage
This research report categorizes the market for the United States smart greenhouse market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States smart greenhouse market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States smart greenhouse market.
United States Smart Greenhouse Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 11.4% |
Historical Data for: | 2019-2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Technology, By End-User and COVID-19 Impact Analysis. |
Companies covered:: | LumiGrow, Inc., Ceres Greenhouse Solutions, GreenTech Agro LLC, Hort Americas, LLC, TerraSphere Systems LLC, Heliospectra AB, Cultivar Ltd., Rough Brothers, Inc., Nexus Corporation, Netafim Limited and Other Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
Growing climate concerns are expected to drive the United States smart greenhouse market. Climate change affects environmental and social determinants of health such as safe shelter, clean air, adequate food, and safe drinking water. Smart greenhouses provide clean air and promote a healthy environment by lowering carbon emissions and food miles. Furthermore, the growing preference for organic food is expected to boost demand for smart greenhouses. The smart greenhouse system is used to grow organic foods at home with minimal space. Smart greenhouses are automated farming systems that use sensors to monitor farms automatically. It allows farmers to grow fruits and vegetables throughout the year with minimal effort. Also, government support and incentives are vital in fostering agricultural innovation, which contributes significantly to the growth of the United States smart greenhouse market.
Restraining Factors
High installation costs for smart greenhouses are expected to hamper the United States smart greenhouse market growth. Smart greenhouses improve crop growth efficiency by combining multiple systems such as LED grow lights, HVAC, sensors, cameras, valves, pumps, and irrigation systems. These components are expensive, which can hamper the United States smart greenhouse market growth.
Market Segment
- In 2023, the hydroponic segment is witnessing significant growth over the forecast period.
Based on type, the United States smart greenhouse market is segmented into hydroponic, and non-hydroponic. Among these, the hydroponic segment is witnessing significant growth over the forecast period. Innovative systems create a tightly controlled environment that allows for precise monitoring and adjustment of conditions to ensure optimal plant development. Hydroponic systems provide numerous advantages over traditional methods of plant growth because they do not require soil. One of the primary benefits is water and space efficiency. Hydroponic systems are more efficient than traditional soil-based methods because water is recycled and reused within the closed system. In addition, these systems require less space than traditional farming techniques, making them ideal for urban areas with limited land availability.
- In 2023, the HVAC segment accounted for the largest revenue share over the forecast period.
Based on technology, the United States smart greenhouse market is segmented into HVAC, LED grow light, irrigation systems, material handling, valves, control systems, sensors & cameras. Among these, the HVAC segment has the largest revenue share over the forecast period. This is primarily due to the critical role HVAC systems play in maintaining optimal climatic conditions such as temperature, humidity, and air quality, all of which are essential for ensuring high crop yield and quality. HVAC systems allow greenhouse operators to create optimal growing conditions for various crops by providing precise control over these environmental factors.
- In 2023, the commercial growers segment accounted for the largest revenue share over the forecast period.
Based on end user, the United States smart greenhouse market is segmented into commercial growers, research institutes, retail gardens, and others. Among these, the commercial growers segment has the largest revenue share over the forecast period. Since the growing use of greenhouses in the commercial sector. Commercial growers are adopting smart greenhouses because they allow for increased production of plants and vegetables, which are then sold for commercial consumption and revenue. In addition, it assists growers in staying up to date on growing technology, industry trends, pest control techniques, and other critical information that helps them become more effective growers. Furthermore, government bodies are providing financial assistance to growers, which is expected to drive the United States' smart greenhouse market growth. For instance, the United States government provides subsidies to greenhouse-based agriculture/horticulture growers through a variety of schemes.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States smart greenhouse market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the United States Smart Greenhouse market.
List of Key Companies
- LumiGrow, Inc.
- Ceres Greenhouse Solutions
- GreenTech Agro LLC
- Hort Americas, LLC
- TerraSphere Systems LLC
- Heliospectra AB
- Cultivar Ltd.
- Rough Brothers, Inc.
- Nexus Corporation
- Netafim Limited
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States smart greenhouse market based on the below-mentioned segments:
United States Smart Greenhouse Market, By Type
- Hydroponic
- Non-Hydroponic
United States Smart Greenhouse Market, By Technology
- HVAC
- LED Grow Light
- Irrigation System
- Material Handling
- Valves
- Control System
- Sensor & Camera
United States Smart Greenhouse Market, By End-User
- Commercial Growers
- Research Institute
- Retail Gardens
- Others
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