Smart Greenhouse Market Size

Smart Greenhouse Market Size

Smart Greenhouse Market was valued at over USD 2 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032. The industry has been fueled by advancements in sensor and IoT technologies, which make it possible to precisely monitor and manage environmental elements. IoT enables smooth communication and automation, while integrated sensors gather temperature, humidity, and light data in real time. Farmers increase agricultural yields, conserve resources, and optimize growing conditions because to this synergy.

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Smart greenhouses are essential instruments for environmentally friendly and cutting-edge agricultural methods due to their ability to continuously evolve sensor and Internet of Things capabilities, which has the potential to transform agriculture. For instance, in November 2023, The Asian Institute of Technology launched a Smart Greenhouse spanning 10m x 20m. Developed by the School of Environment, Resources, and Development, it uses IoT and AI technologies. With an emphasis on agricultural transformation, the Smart Greenhouse is meant to optimize and manage environmental variables, paving the way for more efficient and improved farming techniques.
 

The smart greenhouse industry gains from the growing popularity of vertical farming because of its controlled and space-efficient environment. They offer a practical and effective way to grow crops year-round in confined urban areas.
 

A significant obstacle to the rapid expansion of the smart greenhouse business is the resistance of farmers to modify their farming methods. Traditional farming systems are deeply ingrained with long-standing traditions, making the integration of cutting-edge technologies susceptible to resistance. Due of the unfamiliarity, perceived hazards, or requirement for retraining, farmers may be reluctant to accept new techniques. It will take effective teaching and demonstration of the advantages of smart greenhouse technologies, such as enhanced yields, resource optimization, and better efficiency, to overcome this reluctance.