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Industry Probe

Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings.

HAVC Technology in Smart Greenhouse Market to Expand at a CAGR of 9.9% between 2019 and 2027: Industry Probe

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Smart Greenhouse Market (Type: Hydroponic and Non-hydroponic; Technology: HVAC, LED, Material Handling, Grow Light, Communication Technology, Water System Framework, Control Framework Irrigation System, Valves & Pumps, and Others) – Global Industry Dynamics 2018-2019, Trends and Forecast, 2020–2027,’ the global non-hydroponic smart greenhouse market is expected to expand at a CAGR of 8.4% from 2019 to 2027 and reach US$ 1.10 Bn by 2027.  

An HVAC system is used for sustaining the most suitable temperature within a controlled environment. HVAC systems play an important role in greenhouses by controlling an ideal temperature for plant growth and revoking the unfavorable influence of changes in the external temperature and enabling the cultivation throughout the year. Thus, HVAC systems provide an improved indoor environment and minimize the cost of operation. Traditionally, micro-climate and agronomic parameters have been shown in a rather manual and contradictory manner. There’s a limit to what can be measured, and farming practices are executed on a pre-defined, speculation-based schedule. However, weather changes throughout the day and undisclosed conditions like open doors or early-stage infection constantly influence the greenhouse environment and threaten to damage crops. Thus, HAVC Technology in Smart Greenhouse Market can be more useful for the farmers and indoor cultivators.

Smart Greenhouse market size

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The HVAC technology held a major share of 22.2% globally in 2018. The forecasted rise in HVAC, grow lights, and controlled irrigation framework in smart greenhouse manufactured with the incorporation of superior technology is expected to drive the growth of the smart greenhouse market. As farm productivity is increasing rapidly, there is an expected demand out of more equipped and effective farm equipment. This is further encouraging smart greenhouse producers to integrate innovative technology in their greenhouses, which would help customers reduce spending time in uniform activities. The precise energy consumption of the chiller system (comprising of chillers, AHUs, circulation pumps) is reduced and results in savings to the tune of about 15%. This improvement is brought about by using advanced controls in chillers and AHUs, customized control logic, and fine-tuning of the entire HVAC system. This solution not only delivers energy savings but also contributes to the overall comfort of the users.

The report includes the below mentioned pointers of major players operating in the smart greenhouse market:

    • Competition Matrix
    • Company Overview
    • Market Share Analysis (2018)
    • Product Innovation
    • Business Strategies / Recent Developments
    • Technological advancements
    • Key mergers and acquisitions
    • Expansion strategies
    • Company Financials
Smart Greenhouse market analysis

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Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprise syndicated research, strategic consulting & advisory services, competitive intelligence, and full-time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.

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