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DUBLIN, Sept. 20, 2022 /PRNewswire/ — The “Smart Greenhouse – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
A $2.4 Billion Global Opportunity for Smart Greenhouse by 2026
Amid the COVID-19 crisis, the global market for Smart Greenhouse estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.4 Billion by 2026, growing at a CAGR of 9% over the analysis period.
Hardware, one of the segments analyzed in the report, is projected to grow at a 8.5% CAGR, while growth in the Software & Services segment is readjusted to a revised 11.4% CAGR. Smart greenhouse relates to a greenhouse where crops are grown without the involvement of humans and without climatic alterations.
In other words, smart greenhouses are a controlled, self-regulated environment which facilitates controlling the climatic conditions such as humidity, soil moisture, luminosity, and temperature within the greenhouse in real time with the use of electronic systems such as sensors and actuators. Also , automated action is activated on the basis of external environmental changes, which therefore helps create the ideal condition for the growth of plants. The main aim of a smart greenhouse is to augment productivity and generate improved farming results.
Smart greenhouses continuously record and transmit information automatically regarding the crop and the environment. In these greenhouses, data is gathered and transmitted to an IoT platform and algorithms convert it to insights that help understand any irregularities or challenges.
There is on-demand control of lighting and HVAC operations as well as spraying and irrigation functions. Constant data monitoring supports the design of predictive models for forecasting the risks of infection and crop disease. With the use of IoT sensors, several data points can be gathered with great detail. They offer real-time information regarding climatic conditions such as CO2, light exposure, humidity, and temperature within the greenhouse.
The global smart greenhouses market is being propelled by the rising food demand due to growing global population, increasing AI and IoT adoption in the agriculture sector, rising trend of indoor farming, especially in urban locations, and growing governmental efforts to encourage the use of smart agricultural approaches. MetoMotion`s GRoW robot leverages advanced AI-based computers for 3D perception and finds application in greenhouses.
The robot…
Full story available on Benzinga.com
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