Smart Greenhouses Statistics By Region, Market Size, Component and Horticulture
Updated · Jan 31, 2025
TABLE OF CONTENTS
Introduction
Smart Greenhouses Statistics: The growth potential for the world smart greenhouse market is enormous in 2024 due to advancements in technologies, an increase in the focus of countries toward sustainable agriculture, and greater food security demand. Smart greenhouses are increasingly being equipped with advanced technologies, including IoT, AI, and automation, which provide optimum environmental conditions for the growth of the plants.
This article sheds considerable shed light on some of the critical smart greenhouse statistics, trends, and factors affecting the smart greenhouse industry in 2024.
Editor’s Choice
- The global smart greenhouses market was valued at USD 1.8 billion in 2022.
- It is projected to reach USD 4.7 billion by 2032.
- The market is estimated to experience a compound annual growth rate (CAGR) of 10.4% from 2023 to 2032.
- However, initial investment costs range from $50,000 to $250,000 for an acre. This still proves a major limitation for small farmers.
- By 2032, the hardware sector will probably be worth USD 2 billion as it will demand advanced technologies such as sensors and control systems for real-time monitoring.
- According to Smart Greenhouse’s statistics, in APAC, the market is expected to hold a 48% contribution during the forecast period because of the increased population, shrinking farmland, and rising demand for clean, pesticide-free food.
- The market is supported by well-established greenhouse horticulture practices and businesses in Europe and, on the other hand, is expected to contribute 46% to global revenue in 2024 due to technological improvement and consumer preferences for sustainable farming.
- More than 75% of smart greenhouses are expected to use IoT-integrated sensors by the year 2024, which will cut down water cost usage by about 30-35%, while 80% will be on LED grow lights that save energy by up to 50%.
- Hydroponics systems will compose 22% of the market, and aquaponics will account for 10%.
- Smart greenhouse statistics show that It primes the market for enormous watersheds to break the US dollar 8 billion mark by 2030 due to increasing government incentives for smart farming measures, which sum up to USD 500 million in 2024.
- Smart greenhouses are about to become quite popular in a world where food needs increase while success, energy efficiency, and environmental sustainability are increasingly improving.
Smart Greenhouses Market Size
(Source: Market.us)
- The global smart greenhouses market was valued at USD 1.8 billion in 2022.
- It is projected to reach USD 4.7 billion by 2032.
- The market is anticipated to register a compound annual growth rate (CAGR) of 10.4% from 2023 to 2032.
- The hydroponic segment led the market with a share of 58% in 2022.
- The LED grow lights segment held a market share of 31% in 2022.
- The Asia-Pacific region was the dominant market region, accounting for 32.5% of global revenue in 2022.
- Innovations in artificial intelligence (AI), the Internet of Things (IoT), and renewable energy have significantly enhanced greenhouse operations.
- A growing consumer preference for food grown locally and available year-round, supported by government initiatives, has accelerated market growth.
- High initial investment costs for smart greenhouse systems pose a significant obstacle, particularly for small farms.
- By 2024, the hydroponics sector is expected to dominate the market significantly and continue leading throughout the forecast period.
- The hardware sector is anticipated to lead the market in 2024.
- Commercial growers are expected to generate the maximum revenue within the end-user segment by 2024.
- Asia-Pacific is estimated to be the most lucrative market, holding a 60% market share, due to a long-standing tradition of agriculture that extends to modern agricultural practices, including greenhouse farming.
- Key players in the global smart greenhouses market include Heliospectra AB, Rough Brothers Inc. (Gibraltar Industries INC.), Lumigrow Inc., Certhon, GreenTech Agro LLC, Argus Control System Ltd, Hort Americans, Greenhouse Megastore (BFG Supply), Netafim, Desert Growing, Sensaphone, CarbonBook (Motorleaf), DutchGreenhouses, and other significant entities.
By Component
- Type Analysis: The hydroponic segment is the most lucrative in the global smart greenhouses market, holding a market share of 58% in 2022.
- Component Analysis: The LED grow lights segment is the most lucrative, with a market share of 31% in 2022.
- End-User Analysis: Research and educational institutes are the most lucrative segment among end-users, with a market share of 32.5% in 2022.
By Horticulture
(Reference: statista.com)
- Smart greenhouse statistics show that from 2007 to 2021, the number of greenhouse horticulture farms literally decreased in the Netherlands sharply by more than 1,500 to a mere 822.
- This in fact is not a trend related to a specific farm type, all agricultural farms will face similar reductions, though unlike other types, some can be said to have experienced a little less steep drops.
- For instance, there were more than 12,700 arable farms over a period that dropped to 11,189.
- For fruit farms, this again totals just over a 350 differential in the last decade. On the other hand, organic farming continued to grow very well.
- Organic farms increased their number by over 500 in the Netherlands in the last decade, from 1,511 in 2011 to 2,063 in 2021.
- Continues and within the same line of doubling, the number of organic tree nurseries reached over 42 in 2017, the latest year for which there are available data.
- Even though the production sites are diminished, the Kingdom of the Netherlands is still among the top agricultural product-exporting nations in the world. Within the year 2021, agri-food exports were valued at more than 100 billion euros.
- That, of course, places Germany, the neighbor in European terms, as number one among all partner nations in export.
By Region
- Smart greenhouse statistics indicate that North America, in 2024, will comprise roughly 46% of the global revenue in smart greenhouse markets. This region proves to be the most attractive to investors due to the extensive use of advanced agricultural technologies, strengthened government support for sustainable farming practices, and an increase in the number of consumers preferring to consume locally produced goods all year round.
- Europe is expected to be the broadest smart greenhouse market in the year 2024. The growth of this region is associated with the increased practice of greenhouse horticulture and the presence of prominent companies in the field of smart greenhouse technology.
- Asia-Pacific will develop into the fastest-growing market for smart greenhouses and register a significant CAGR during the forecast period. The development is fueled by factors such as food security concerns due to a rapidly growing population, the adoption of advanced technologies to boost production efficiency, and government initiatives to promote controlled environment agriculture practices.
- Latin America the Middle East & Africa will witness moderate growth in the uptake of smart greenhouse technologies. However, they currently occupy a minor share when compared to North America, Europe, and Asia-Pacific. Growth in such regions was attributed to an increasing awareness of sustainable farming practices and the adoption of advanced agricultural technology.
- The forecast for the year shows that APAC would contribute around 48% to market growth. In 2022, this region dominated the global market, mainly due to its large population, accounting for more than half of the world’s total count. However, the region suffers from shrinking farmland worsened by bad land management and natural disasters while the demand for fresh, clean, pesticide-free food is heightening.
- Compared to other sectors like manufacturing and services, agriculture in the region needs to catch up in modernization. These would lead to inefficiencies in agricultural logistics, which translate into higher retail prices and reduced income on the part of farmers. All these have facilitated the uptake of smart greenhouse technologies toward the growth of the regional market during the period forecasted.
Technology Adoption
- Smart Greenhouses statistics show that more than 75% of smart greenhouses will have integrated IoT-enabled sensors into their systems to obtain real-time data by the year 2024.
- According to IoT implementation, a 30-35% water reduction has been recorded in smart greenhouses, thus naturally reducing costs and promoting sustainability.
- Around 80% of smart greenhouses get involved in LED grow lights that would save up to 50% energy compared with traditional facilities.
- In 2024, about 22% of smart greenhouses were hydroponics systems, while 10% involved aquaponics to produce more efficient and sustainable plants.
Challenges
- Establishing a smart greenhouse can cost anywhere from $50,000 to $250,000 for each acre, depending on the technological integration level. This is a serious barrier for small farmers.
- Smart Greenhouses statistics reveal that only 35% of farmers in developing countries have access to the technological knowledge to operate smart greenhouses.
- It is expected that by 2030, the smart greenhouse market will grow to over $8 billion as the technology continues to advance and governments increase their support.
- Governments around the world are encouraging the adoption of smart farming methods through incentives of $500 million in 2024.
Conclusion
With their sustainable solution to the ever-increasing demand for food with reduced resource depletion, smart greenhouses are the future of the agriculture industry. According to Smart Greenhouse’s statistics, it is valuable in the market of USD 3.1 billion in the year 2024 and poised to maintain such strong development at a CAGR of over 11%. This is one of the defining trends in the future of global agriculture as it affects the way farming practices are carried out around the world.
Technology affordability and accessibility measure the rates of transfer during the use of smart greenhouses. They would allow better yields, energy efficiency, and environmental sustainability for all the simulated environmental conditions of the crops and plant material being grown.
Sources
FAQ.
The global smart greenhouse market is expected to value about $3.1 billion by 2024, whereas the U.S. market alone reaches $1.0 billion, growing at a compound annual growth rate (CAGR) of 9.8%. In addition, the market will grow at a CAGR of 10.4%, with a projected reach of $5.7 billion by 2033.
Smart greenhouses use advanced technologies like IoT, AI, automation, and LED grow lights. Real-time monitoring and control of environmental factors such as temperature, humidity, and light can be achieved. This enhances operational efficiency and sustainability. At least 75% of smart greenhouses are expected to make use of IoT sensors, while 80% are likely to utilize energy-saving LED grow lights by 2024.
It is North America, which is estimated to account for 46% of global revenue in 2024 due to advanced agricultural technologies, government support, and demand from consumers for locally produced, sustainable produce. Asia-Pacific is growing the fastest and will be responsible for up to 48% of the market growth as a result of population growth, food security issues, and reduced farmland.
The initial costs, ranging from $50,000 to $250,000 per acre, are a major stumbling block for small farmers. More so, only 35% of farmers in developing countries have the relevant technological know-how to operate smart greenhouses at their full potential.
Go smart farming in the house with financial incentives. In 2024, 500 million green bucks have already been earmarked for smart farming purposes. These efforts are aimed at improving the sharp rates of adoption and sustainability in food production and making smart greenhouses available.
Joseph D'Souza started Coolest Gadgets in 2005 to share his love for tech gadgets. It has since become a popular tech blog, famous for detailed gadget's reviews and companies statistics. Joseph is committed to providing clear, well-researched content, making tech easy to understand for everyone. Coolest Gadgets is a trusted source for tech news, loved by both tech fans and beginners.
