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

Posted September 15, 2020 by industryprobe21

HVAC systems play an important role in greenhouses by controlling an ideal temperature for plant growth and revoking the external temperature and enabling the cultivation throughout the year.

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. unfavorable influence of changes in the HVAC systems play an important role in greenhouses by controlling an ideal temperature for plant growth and revoking 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.

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

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Issued By Industry Probe
Phone 9179858551
Business Address 1441 Broadway, 6th Floor – # 6131 New York, NY 10018
Country United States
Categories Business , Consumer , Industry
Tags Smart Greenhouse analysis , Smart Greenhouse trends , Smart Greenhouse sales , Smart Greenhouse industry , Smart Greenhouse growth , Smart Greenhouse demand , Smart Greenhouse Market Analysis
Last Updated September 15, 2020