A rise in vertical cultivation in urban areas is expected to drive the United States’ smart greenhouse market during the forecast period. According to TechSci Research report, “United States Smart Greenhouse Market By Type, By Technology, By Component, By Crops, Competition, Forecast & Opportunities, 2024”, the US smart greenhouse market is expected to grow at a CAGR of around 10% during the forecast period owing to the supportive government initiatives and incentives related to smart greenhouse lighting technology.
The Important Factors of the US Smart Greenhouse Market
factors such as increasing demand for rooftop and smart farming techniques, rising vertical farming in urban areas, and use of sensors, AI & control devices to enable irrigation, automation & controlling the environment, among others are further expected to fuel the market during the forecast period. However, the high cost of smart greenhouses can hamper the growth of the United States smart greenhouse market during the forecast period.
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The US smart greenhouse market is segmented based on type, technology, component, crop, region, and company. Based on type, the market can be divided into hydroponic and non-hydroponic. The non-hydroponic segment is expected to witness growth during the forecast period owing to its easy availability and cost-effectiveness. Based on technology, the market can be categorized into HVAC, LED grow light, irrigation systems, material handling, valves, control system, and sensor & cameras. The HVAC segment is expected to hold a significant market share during the forecast period. This can be accredited to the improved indoor environment provided by the HVAC systems. Additionally, these systems minimize operational costs.
The Major companies in the US Smart Greenhouse Market
- LumiGrow, Inc.
- Rough Brothers, Inc.
- Nexus Corporation
- Netafim Irrigation, Inc.
- Ceres Greenhouse Solutions
- GreenTech Agro LLC
- Hort Americas, LLC
- TerraSphere Systems LLC
- International Greenhouse Company
- Growlink and others are some of the leading players operating in the US smart greenhouse market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
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“US smart greenhouse market is expected to witness significant growth during the forecast period, owing to the early and increasing adoption of sustainable farming techniques in the country. Additionally, increasing research and development expenditure by key players to develop cost-effective solutions in the region are further expected to propel the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Smart Greenhouse Market By Type, By Technology, By Component, By Crops, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of the US smart greenhouse market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States smart greenhouse market.
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