Greenhouse Equipment Market Size was worth USD 20.25 billion in 2016 and estimated to be growing at a CAGR of 8.7%, to reach USD 30.73 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/17/2018 -- A greenhouse is a farming structure with walls and roof created principally of transparent material, like glass, within which plants requiring regulated weather conditions are cultivated. The glass greenhouses are full of instrumentation like screening installations, heating, cooling, lighting, and the conditions can be controlled by a computer remotely to achieve optimal conditions for plant growth.
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Greenhouse equipment Market Size was valued at USD 20.25 billion in 2016 and is projected to be growing at a CAGR of 8.7%, to achieve USD 30.73 billion by 2021. Demand for various fruits and vegetables across the seasons are scripted to promote the Greenhouse market, which in turn is estimated to fuel the growth of the Greenhouse Equipment Market.
The rise in concentration on enhancing agricultural yield through newer and latest farming methods is predicted to spice up the global greenhouse equipment market. The utilization of regulation devices, AI devices, and sensors that modify automation, irrigation, and management of the surroundings is predicted to contribute considerably towards the growth of the greenhouse market across the world.
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Greenhouse film is a kind of agricultural film that helps maintain controlled temperatures needed by crops cultivated within the greenhouse. Besides regulating the temperature and the quantity of daylight, these films additionally offer protection to plants against rain, wind, and snow. This provides opportunities for farmers and growers to cultivate seasonal fruits, vegetables, and flowers throughout the year. Rising demand for seasonal fruits and vegetables is predicted to spice up the greenhouse equipment market.
Europe dominated the global Greenhouse equipment market in terms of market share, because of unfavorable farming conditions in the region. The Asia-Pacific market is expected to grow with the highest CAGR due to the growth of greenhouse farming in the developing countries like India and China.
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The major market contributors for the present market include Richel Group SA, Argus Control Systems Ltd., Certhon, Logiqs B.V., Lumigrow, Inc., Agra Tech, Inc, Rough Brothers, Inc., Nexus Corporation, Hort Americas, LLC, and Heliospectra AB.
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