Smart Greenhouse Market Value to Surpass USD 1.2 Bln by 2020, Says MarketsandMarkets in Its Report Published at MarketPublishers.com
London, UK (PRWEB) August 03, 2015 -- The world smart greenhouse market is gaining traction, driven mainly by the increasing trend of urban farming, mushrooming population, and the novel trend of rooftop agriculture, among others. Its value is expected to surpass the USD 1.2 billion mark by 2020, posting a CAGR of just under 14.2% during the forecast period. Amongst the various technology segments available in the market, LED grow light will likely record high growth in the offing. The demand for LED grow lights is on the rise owing to the surging trend of indoor farming, government standards and regulations in favour of LED lighting, and demand for energy-saving and long-life lighting technology as an addition to natural lighting. The HVAC technology segment captures the lion’s share of the smart greenhouse sector; its value is anticipated to reach USD 382.28 million by end-2020.
Europe is set to grab the largest market share, while the APAC region will likely see the highest growth rate at a CAGR of just under 15.6% through to 2020, due to the rising urbanisation and development in the region.
GreenTech Agro LLC, Nexus Corporation, Certhon, Logiqs B.V., Hort Americas, Argus Control System Ltd., LumiGrow Inc., Heliospectra AB, Terrasphere Systems, LLC, and Rough Brothers, Inc. are amongst the key players in the marketspace.
New study “Smart Greenhouse Market by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others), Type (Hydroponic, Non-hydroponic), and Geography - Forecast to 2020” developed by MarketsandMarkets (M&M) is now available at MarketPublishers.com
Report Details:
Title: Smart Greenhouse Market by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others), Type (Hydroponic, Non-hydroponic), and Geography - Forecast to 2020
Published: July, 2015
Pages: 99
Price: US$ 4,650.00
https://marketpublishers.com/report/it-technology/hardware/smart-greenhouse-market-by-technology-type-n-geography-forecast-to-2020.html
The report offers a comprehensive, unbiased analysis of the world’s smart greenhouse market, segmenting it based on technology and type; with each segment and sub-segment analysed qualitatively and quantitatively. The research study includes a granular analysis of the market trends alongside the pertinent growth rate for each market segment covered. Further, the report conducts Porter's five forces analysis, an analysis of the value chain, as well as of the market dynamics such as driving forces, restraining factors, key opportunities, and challenges for the world’s smart greenhouse market. A detailed geographical market analysis is included, including an evaluation of the market size for the 4 regional markets. The research study examines the competitive landscape and profiles the 10 major market players. Additionally, detailed market size forecasts for the various categories through 2020 are available.
Report Scope:
• comprehensive insight into the market space;
• detailed assessment of the performance of each market segment and sub-segment;
• exhaustive market analysis by top 4 regions;
• analysis of the competition alongside a discussion of the leading companies;
• granular analysis of the market dynamics;
• detailed estimates of the market size plus forecasts;
• and more.
More reports by the publisher can be found at MarketsandMarkets page.
Natalie Aster, The Market Publishers, Ltd, http://marketpublishers.com, +44 2081446009, [email protected]
Share this article