Global Greenhouse Environment Control Systems Market - WishTree Insight

Global Greenhouse Environment Control Systems Market by Farming Type (Indoor Gardening, Greenhouse, Hydroponic, Urban Agriculture, and Others), Application (Indoor and Outdoor), End-User (Small Scale, Medium Scale, and Large Scale), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Greenhouse Environment Control Systems market size was valued at USD 7.87 billion in 2021 and is expected to surpass USD 13.4 billion by 2031, expanding at a CAGR of 6.3 % during the forecast period, 2021–2031. The market's growth is attributed to the constant efforts to provide high-end software for long-term reliability, Implementation of the internet of things, and others.

INTRODUCTION

Greenhouse environment control system provides a controlled system and stable environment to grow plants, fruits, flowers, vegetables, and transplants for general planting. The greenhouse environment control system enables plants to produce constant local temperature, terrain constraint, or soil. The plants produced in the greenhouse produce large quantities for consumer consumption. Greenhouse farming provides great control over the environment in which their crops grow.

Market Trends, Drivers, Restraints, and Opportunities

• Implementation of the internet of things leads to a significant shift in environment controllers is a key driver in the market.
• Manufacturers' constant efforts to provide high-end software for long-term reliability are expected to grow the global greenhouse environment control system market.
• The increase in investments in vertical farming is expected to create lucrative growth in the market.
• The high start-up cost and lack of awareness about the greenhouse environment control system is expected to hamper the market growth.

Scope of the Report

Market Segment Insights

The hydroponic segment is projected to register a considerable CAGR

Based on farming type, the greenhouse environment control systems market is divided into indoor gardening, greenhouse, hydroponic, urban agriculture, and others. The hydroponic segment is expected to expand at a rapid pace during the forecast period owing to technology. However, the indoor gardening and urban agriculture segment are anticipated to hold a major share of the market in the coming years.

Based on application, the greenhouse environment control systems market is divided into indoor and outdoor. Based on end-user, the greenhouse environment control systems market is segregated into small-scale, medium-scale, and large-scale.

Europe constitutes a key market share

In terms of regions, the greenhouse environment control systems market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Europe is expected to constitute a key share of the market during the projected period owing to rapid urbanization, rising demand for fruits and vegetables, and technological advancement. However, the market of the Asia pacific is anticipated to expand at a rapid pace during the forecast period owing to the growing population.

Competitive Landscape

Key players competing in the greenhouse environment control systems market are Rough Brothers Inc. (U.S.); TrolMaster (U.S.); Link4 Corporation (U.S.); Trotec GmbH (Germany); Growlink (U.S.); Certhon (Netherlands); SamrtBee Technology Inc. (U.S.).

FAQs

How much is the market worth?

The Greenhouse Environment Control Systems market size was valued at USD 7.87 billion in 2021 and is expected to surpass USD 13.4 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 6.3%.

What segments are covered in the greenhouse environment control systems report?

The segments covered in the report are farming type (indoor gardening, greenhouse, hydroponic, urban agriculture, and others), application (indoor and outdoor), and end-user (small scale, medium scale, and large scale).

Mention which region is expected to hold the highest share of the greenhouse environment control systems market.

The Europe region is expected to hold the highest share of the greenhouse environment control systems market.

Mention the key players in the market.

Rough Brothers Inc. (U.S.); TrolMaster (U.S.); Link4 Corporation (U.S.); Trotec GmbH (Germany); Growlink (U.S.); Certhon (Netherlands); SamrtBee Technology Inc. (U.S.).