Greenhouse automatic control system market is anticipated to grow at a CAGR of 11.5% during the forecast period. One of the major driver for greenhouse automatic control system is the rising adoption for using climate-smart technologies and practices. Governments and private organizations alike are rising investment for ways to enhance climate-smart cultivation techniques such as using improved seeds and maximizing fertilizer usage. For instance, US Agency for International Development (USAID) invested $35 Million for new climate-smart agriculture project in Bangladesh. With US government funding via the USAID, and International Fertilizer Development Center (IFDC) collaborated with the Ministry of Agriculture to teach smallholder farmers in southern districts of the country to adopt climate-smart cultivation techniques such as using improved seeds and maximizing fertilizer usage. Thus, such projects bring together private sector firms, agri-input service providers, and public sector to build resilience throughout the sector using climate-smart technologies and practices.
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Among the application, commercial sub-segment is anticipated to hold a considerable share of the market, in response to increasing food insecurity, commercial greenhouse projects are expanding across the globe. These projects enable growers to reduce water and fertilizer use by up to 40%, and increase yields by 8 to 10 times in comparison to open field growing. In order to promote the green house projects, the key market players are acquiring company’s project to enhance food production. For instance, in March 2021, Netafim Ltd., announced the acquisition of Dutch Greenhouse Company Gakon Horticultural Projects to meet growing demand for local food production in all climates.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Greenhouse Automatic Control System Market Report Segment
By Type
- Irrigation Automation System
- Climate Automation System
- Others (Pest Diagnosis And Control System, Meteorological Environment Monitoring System)
By Application
- Commercial
- Agriculture
- Research
- Others (Individual)
Global Greenhouse Automatic Control System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global greenhouse automatic control system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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