Albany, NY -- (SBWIRE) -- 05/15/2018 -- The global market for smart greenhouse is expected to witness promising growth throughout the forecast period. The rising popularity of the technology is predicted to encourage market growth in the coming years. Moreover, the use of smart greenhouse technology helps significantly in increasing the output and efficiency of solar and floating powered greenhouse.
A detailed overview of the global smart greenhouse market has been provided in the research report, focusing on the key factors that are encouraging the growth of the market. The study throws light on the product portfolio, primary applications, latest trends, technological advancements, and geographical segmentation of the global smart greenhouse market. In addition, a thorough overview of the competitive scenario of the global market has been included in the research report to offer a clear understanding and guide the new entrants in making effective business decisions in the near future.
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The growing need for smart farming owing to the tremendously rising population is one of the key factors that is expected to supplement the growth of the global smart greenhouse market in the next few years. In addition, the growing popularity for rooftop farming and technological developments are anticipated to encourage the growth of the overall market in the near future. The emergence of vertical farming in urban areas and the growing awareness among consumers regarding the benefits of adopting smart greenhouse are projected to accelerate the market's growth.
On the contrary, the high cost of smart greenhouse is considered as one of the key factors anticipated to restrict the growth of the global smart in the coming years. Moreover, the integration of technologies and the requirement of high initial investment are estimated to curb the growth of the market. Nonetheless, the use of artificial intelligence devices, control devices, and sensors that enable automation, irrigation, and control of the environment is expected to contribute substantially towards the development of the smart greenhouse market across the globe.
Global Smart Greenhouse Market: Region-wise Outlook
Europe is expected to lead the overall market and account for a key share in the coming years. The robust growth of this region can be attributed to the increasing adoption of smart greenhouse technology in the last few years. Additionally, a significant contribution from the Netherlands, Spain, and Italy is anticipated to encourage the growth of the smart greenhouse market in Europe throughout the forecast period.
Furthermore, Asia Pacific and the Rest of the World segments are estimated to witness progressive growth in the coming years. The swift pace of urbanization in these two regions is one of the important factors predicted to accelerate the growth of smart greenhouse market in the near future. Moreover, the development of economy and the rising population are some of the other factors likely to fuel the growth of the market throughout the forecast period. The research study has provided the share and grow rate of each regional segment to offer a clear understanding to readers and market players.
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Some of the leading players operating in the smart greenhouse market across the globe are Rough Brothers, Inc., Ceres Greenhouse Solutions, GreenTech Agro LLC, Logiqs B.V., Argus Control Systems Ltd., Heliospectra AB, JFE Engineering Corporation, Nexus Corporation, Terrasphere Systems, LLC, Certhon, LumiGrow Inc., and Hort Americas. The presence of a large number of players in the global market is expected to result in a stiff competition among players in the coming years.