Commercial Greenhouse Market Is Growing at a CAGR of 8.6% Between 2018 and 2025
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City of Industry, CA -- (SBWire) -- 07/13/2018 --This report studies the Commercial Greenhouse market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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.
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The global Commercial Greenhouse market was 29600 million US$ in 2017 and is expected to 57300 million US$ by the end of 2025, growing at a CAGR of 8.6% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Commercial Greenhouse in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this 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
Heliospectra AB
By the product type, the market is primarily split into
Glass Greenhouse
Plastic Greenhouse
Others
By the end users/application, this report covers the following segments
Commmercial
Farm
Others
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