Global Environment Controllers Market For Agricultural Greenhouse Market Size 2024, Forecast To 2033
6 Mar, 2024
The environment controllers market for agricultural greenhouses has demonstrated strong growth, escalating from $5 billion in 2023 to $5.4 billion in 2024, with a compound annual growth rate (CAGR) of 8.0% during the historical period. This growth is attributed to factors such as increased demand for controlled environment agriculture (CEA), rising global population, concerns related to food security, optimization of crop yield and quality, resource efficiency, sustainability, and government support and incentives. Moving into the future, the market is expected to maintain strong growth, reaching $7.5 billion in 2028 with a CAGR of 8.6%. Anticipated growth drivers for the forecast period include climate change adaptation strategies, precision agriculture and smart farming practices, a growing focus on indoor farming, the global trend towards sustainable agriculture, and market-driven innovation and customization. Key trends during this period encompass the implementation of climate control strategies, water management and irrigation automation, the integration of sustainable practices, a focus on user-friendly interfaces, and remote monitoring and control through mobile devices.
Global Environment Controllers Market For Agricultural Greenhouse Market Key Driver
Increasing investment in vertical farming is expected to propel the growth of the environment controllers’ market for the agricultural greenhouse market going forward. Vertical farming is a method of growing crops in vertically stacked layers or shelves, using artificial lighting and controlled environmental conditions, and nutrient supply by utilizing vertical space. Environment controller systems aid in the creation of ideal growing conditions for plants in vertical farming, where temperature, carbon dioxide, oxygen, lighting, humidity, nutrient content, pH, insect control, watering, and harvesting are all factors to consider to increase the yield. For instance, in March 2023, the report published by Al-Monitor, LLC, a US-based newsroom, the Saudi Public Investment Fund unveiled a new vertical farming project in Saudi Arabia and abroad in the Middle East and North Africa in conjunction with Aero Farms, a US-based sustainable indoor agricultural company due to increasing population and decreasing arable land, it established a crop production target of 1.1 million kilograms (2.4 pounds) per year. Therefore, the increasing investment in vertical farming is driving the growth of the environment controllers market for the agricultural greenhouse market. The environment controllers market is anticipated to witness significant expansion by 2028, in line with the increasing adoption of vertical farming techniques globally, emphasizing the need for advanced agricultural technologies to optimize crop production in limited spaces.
Get A Free Sample Of The Global Environment Controllers Market For Agricultural Greenhouse Market ReportGlobal Environment Controllers Market For Agricultural Greenhouse Market Segments
The environment controllers market for agricultural greenhouse market covered in this report is segmented –
1) By Farming Type: Hydroponics, Greenhouse, Indoor Gardening, Urban Agriculture, Cannabis Home Growers, Other Farming Types
2) By Application: Indoor, Outdoor
3) By End-User: Small Scale, Medium Scale, Large Scale
By Geography:The regions covered in the environment controllers market for agricultural greenhouse market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Europe was the largest region in the environment controllers market for agricultural greenhouse market in 2023. The regions covered in the environment controllers market for agricultural greenhouse market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Environment Controllers Market For Agricultural Greenhouse Industry Players
Smart Bee Technologies LLC, TrolMaster Agro Instruments Co. Ltd., Grow-Link Inc., Trotec GmbH, Argus Control Systems, Priva Holding B.V., Heliospectra AB, Netafim Ltd., LumiGrow Inc., Rough Brothers Inc., Certhon B.V., Link Corporation, Climate Control Systems Inc., Pure Hydroponics Pty Ltd., Redpath Pacific Ltd., Greentech Agro LLC, Hort Americas LLC, GrowSpan Greenhouse Structures, Nexus Greenhouse Systems, Agra Tech Inc., Agroponic Industries, American Hydroponics Inc., Atlas Manufacturing Inc., CropKing Inc., Custom Agricultural Intelligence Inc., Dosatron International Inc., Dramm Corporation, Emerald Kingdom Greenhouse, Everlight Electronics Co. Ltd., Greenhouse Megastore, Growers Supply, Hydrofarm Holdings Group Inc., Sunlight Supply Inc.
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Environment Controllers Market For Agricultural Greenhouse Market Overview
The environment controllers market for agricultural greenhouses refers to the industry that produces and sells devices and systems designed to regulate and manage the growing conditions within greenhouse environments. These controllers can be used to maintain optimal temperature, humidity, lighting, and other environmental factors that are essential for healthy plant growth.
Environment Controllers Market For Agricultural Greenhouse Global Market Report 2023 provides data on the global environment controllers market for agricultural greenhouse market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The environment controllers market for agricultural greenhouse market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.