Middle East & Africa Smart Greenhouse Market to Expand at CAGR of 8.4% during 2023–2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Middle East & Africa smart greenhouse market size to grow at a CAGR of 8.4% during the forecast period between 2023 and 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Middle East & Africa smart greenhouse market size to grow at a CAGR of 8.4% during the forecast period between 2023 and 2029. Major factors for expansion of Middle East & Africa smart greenhouse market include rising food consumption due to an immensely growing population, as well as indoor farming trends due to changing consumer preferences. The increasing necessity fresh food in the Middle East region has contributed to the region's potential for urban gardening. The most pivotal elements driving the market's growth are the expanding trend of rooftop farming, as well as the rising population. Adopting an innovative approach to vertical farming might provide access to safe, nutritious, and inexpensive food, create thousands of jobs, provide ample financial opportunities, and benefit the environment. Crops, fruits, and vegetables, among other things, can be grown under regulated conditions in a greenhouse, and the produce can be gathered throughout the year regardless of season or weather differences. Therefore, this factor is expected to boost the market growth during the forecast period. However, high-cost investment in smart greenhouse is anticipated to hinder the growth of Middle East and Africa smart greenhouse market.
Middle East & Africa Smart Greenhouse Market – Overview
Smart greenhouse is a self-tracking and self-regulating, micro climatically controlled environment for optimal plant growth. Even remote interpretations in those instances generate automatic actions that compare alternates and take corrective action, allowing the optimal plant increase situations to be maintained. In the agricultural field, the frame structure is covered with a transparent or green shady mesh material. There is a room to cultivate plants in the shade. Sensors manage the state of the inside environment entirely or partially, based on the requirements of agriculture. The agriculture sector required the development of greenhouse technology. Temperature, carbon dioxide and oxygen levels, humidity, soil, and air pressure are all varied for each culture. The increasing reliability of the smart greenhouse and growing energy demand from emerging nations are the major factors driving market expansion. Population growth has increased the demand for food production around the world. Farmers may face enormous pressure to boost crop yield by clearing area for crop cultivation or implementing innovative technologies such as smart greenhouses and vertical farming. Due to the general scarcity of arable land in metropolitan settings, farmers have turned to innovative solutions such as smart greenhouses and vertical farming to produce fresh vegetables.
Middle East & Africa Smart Greenhouse Market – By Technology
Based on technology, Middle East & Africa smart greenhouse market is divided into HVAC, LED Grow Light, Irrigation System, Material Handling, and Valves segments. The LED grow light segment dominates the market during period in analysis because smart greenhouses necessitate the installation of costly systems, such as HVAC, control systems, LED grow lights, and sensors. LED grow light units are made up of an array of LEDs that are specifically intended for smart greenhouse applications. LED grow lights are pricey, but they are an essential component of a smart greenhouse. The units contain several types of LED lights that range in terms of power and wavelengths required to provide the necessary light for the respective plant species.
Impact of COVID-19 on Middle East & Africa Smart Greenhouse Market
COVID-19 had minimal influence on the smart agricultural market in 2021 because of movement restrictions and lockdowns. COVID-19 disrupted the supply chains of various smart agricultural verticals, including precision farming, livestock monitoring, aquaculture, greenhouses, and forestry. However, the use of remote monitoring technology and farm management software tools may lead to higher usage in the post COVID-19 period. Companies are focused to find new ways to engage with growers and farmers by utilizing modern technologies.
Major players operating in Middle East & Africa smart greenhouse market include Desert Growing, Elite Equipments FZE, GreenZone, Jordan Greenhouses Manufacturing Co., Novedades Agrícolas, Saveer Biotech Limited, RICHEL Group, Certhon, Top Greenhouse, and Rivulis Irrigation, Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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