United States Smart Greenhouse Market to Grow at Formidable Rate During Forecast Period

Rise in vertical cultivation in urban areas is expected to drive United States smart greenhouse market during forecast period

According to TechSci Research report, “United States Smart Greenhouse Market By Type, By Technology, By Component, By Crops, Competition, Forecast & Opportunities, 2024”, United States smart greenhouse market is expected to grow at a CAGR of around 10% during the forecast period owing to the supportive government initiatives and incentives related to smart greenhouse lighting technology. Additionally, factors such as increasing demand for rooftop and smart farming techniques, rising vertical farming in the urban areas, use of sensors, AI & control devices to enable irrigation, automation & controlling the environment, among others are further expected to fuel the market during forecast period. However, high cost of smart greenhouse can hamper the growth of United States smart greenhouse market during the forecast period.

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United States smart greenhouse market is segmented based on type, technology, component, crop, region and company. Based on type, the market can be divided into hydroponic and non-hydroponic. The non-hydroponic segment is expected to witness growth during forecast period owing to its easy availability and cost-effectiveness. Based on technology, the market can be categorized into HVAC, LED grow light, irrigation system, material handling, valves, control system and sensor & camera. The HVAC segment is expected to hold a significant market share during the forecast period. This can be accredited to the improved indoor environment provided by the HVAC systems. Additionally, these systems minimize the operational costs.

LumiGrow, Inc., Rough Brothers, Inc., Nexus Corporation, Netafim Irrigation, Inc., Ceres Greenhouse Solutions, GreenTech Agro LLC, Hort Americas, LLC, TerraSphere Systems LLC, International Greenhouse Company, Growlink and others are some of the leading players operating in United States smart greenhouse market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“United States smart greenhouse market is expected to witness significant growth during the forecast period, owing to the early and increasing adoption of sustainable farming techniques in the country. Additionally, increasing research and development expenditure by key players in order to develop cost-effective solutions in the region are further expected to propel the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Smart Greenhouse Market By Type, By Technology, By Component, By Crops, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of United States smart greenhouse market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States smart greenhouse market.

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