(MoneyNewsWire.Net, January 18, 2018 ) According to the report Commercial Greenhouse Market, published by Market Data Forecast, the Global market is projected to reach USD 33.24 billion by 2022, at a CAGR of 8.9% from 2017 to 2022. Greenhouses which can be customized for an ideal growing environment (as per the requirement of the plants) and can feature different options are called commercial green houses. These greenhouses are compatible with natural ventilation systems but can also be hooked with fans and other gimmicks.
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Commercial Greenhouse Market: Drivers & Restraints Better crop yield and productivity, unavailability of arable land, unpredictable weather conditions, growing demand for rooftop farming, increasing demand for fresh fruits and vegetables conjoined with the rising demand for flowers are the primary drivers of market growth. High investment is the primary restraint of this market.
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Commercial Greenhouse Market: Segmentation By Equipment Heating Systems Cooling Systems Other Systems By Type Glass Greenhouses Plastic Greenhouses Others By Crop Type Fruits and Vegetables Flowers and Ornamentals Nursery crops Other crops By Geography North America Europe Asia-Pacific Latin America Middle East & Africa
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Commercial Greenhouse Market: Overview In 2016, heating system was the market leader and is expected to retain its lead in the aforementioned forecast period. This segment is closely trailed by the cooling systems segment which is predicted to inch closer to the former by the end of 2022. By type, glass greenhouse market sub-segment was the market leader and will remain so in the forecast period. Fruits & Vegetables were leaders by crop type. Europe is the largest regional market and North America is predicted to grow with the highest CAGR in the aforementioned forecast period.
Commercial Greenhouse Market: Key Players Richel Group SA (France), Certhon (U.S.), Argus Control Systems Ltd. (U.S), Logiqs (The Netherlands) are the key players in the market. Other players in the market include Lumigrow (U.S.), Keder Greenhouse (UK), Agra Tech, Inc (U.S.), Hort Americas, LLC (U.S.), Rough Brothers Inc. (U.S.), and Heliospectra AB (Sweden).
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