Global Smart Greenhouse Market: Hvac Technology Segment to Dominate the Market

The rapidly expanding urban population is fueling the demand for food. This factor is expected to drive the smart greenhouse market significantly. A greenhouse is a structure made using glass, in which plants are grown in a controlled environment. Smart greenhouses use farming techniques to cultivate crops without the need for human intervention.

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Advancement in Technology to Drive Demand for Smart Farming Techniques

The rising demand for smart farming due to the ever-expanding global population has led to improvement in conventional agricultural techniques. More and more traditional farming techniques are now being integrated with smart technologies. Conventionally, soil was used as the foundation in greenhouses for growing plants. However, due to the advancement in technology in the past few years, the use of soilless hydroponic horticulture is increasingly gaining popularity in the greenhouse industry. Furthermore, the rising demand for rooftop farming in urban areas is supporting the growth of the global smart greenhouse market.

On the other hand, the high initial investment cost required to set up a smart greenhouse is acting as a major restraint on the global smart greenhouse market. Nevertheless, the rising popularity of vertical farming in urban regions will provide good opportunities for market players.

HVAC Sector to Dominate Global Smart Greenhouse Market

On the basis of technology, the global smart greenhouse market is segmented into HVAC, LED grow light, irrigation systems, communication technology, control systems, valves and pumps, material handling, and other technologies.

The technology of heating, ventilation, and air conditioning (HVAC) is used to maintain optimum temperature in a controlled environment. Hence, HVAC plays a crucial role in maintaining the ideal temperature for plant growth in a smart...