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Global Commercial Greenhouse Market Will Grow at a CAGR 8.8% and Reach USD 49.1 Billion by 2023, from USD 29.6 Billion in 2017

New Global Commercial Greenhouse Consumption Market Report 2023 Report Covers market forecast and top Companies like Richel Group SA, Argus Control Systems Ltd., Certhon, Logiqs B.V., Lumigrow, Inc. and others.


Lewes, DE -- (SBWIRE) -- 02/26/2019 -- Global Commercial Greenhouse market will register a 8.8% CAGR in terms of revenue, reach US$ 49100 million by 2023, from US$ 29600 million in 2017.

This report covers the present scenario (with the base year being 2017) and the growth prospects of global Commercial Greenhouse market for 2018-2023.

Greenhouses are places for growing plants in a controlled environment. Europe has traditionally been at the forefront of implementing advanced techniques in the commercial greenhouse market. Countries such as The Netherlands, Spain, and France have large areas under greenhouse cultivation. The increasing population and demand for food in developing regions such as Asia-Pacific are boosting the growth of this market. The increasing trend of rooftop farming and the rising population are the two major drivers for the market. However, the high cost of commercial greenhouses, especially technologies such as LED grow light and HVAC systems, is a restraint for the commercial greenhouse market.

Temperature is one of the most important parameters for plant photosynthesis. Due to this, a commercial greenhouse needs to be equipped with technologies for maintaining the ideal temperature required for photosynthesis. Thus, heating and cooling systems together constituted nearly 51% of the overall commercial greenhouse market in 2014. However, they are far more superior to the conventional greenhouses or traditional farming in terms of providing the desired light spectrum at all stages of plant growth, are energy-efficient, and offer longer operating life. These features are encouraging growers to adopt LED grow lights.

Over the next five years, study projects that Commercial Greenhouse will register a 8.8% CAGR in terms of revenue, reach US$ 49100 million by 2023, from US$ 29600 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Greenhouse market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Glass Greenhouse
Plastic Greenhouse

Segmentation by application:

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report:
Richel Group SA
Argus Control Systems Ltd.
Logiqs B.V.
Lumigrow, Inc.
Agra Tech, Inc
Rough Brothers, Inc.
Nexus Corporation
Hort Americas, LLC
Heliospectra AB

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Commercial Greenhouse consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Commercial Greenhouse market by identifying its various subsegments.
Focuses on the key global Commercial Greenhouse manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Commercial Greenhouse with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Commercial Greenhouse submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 136 pages "Forecast of Global Commercial Greenhouse Consumption Market Report 2023" report covers Scope of the Report, Executive Summary, Global Commercial Greenhouse by Players, Commercial Greenhouse by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Commercial Greenhouse Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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