(Entertainment-NewsWire.com, December 07, 2017 ) Greenhouse Equipment Industry Size was worth USD 20.25 billion in 2016 and estimated to be growing at a CAGR of 8.7%, to reach USD 30.73 billion by 2021. The purpose of a greenhouse is to shield crops from excess cold or heat and unwanted pests. A greenhouse makes it possible to grow certain types of crops year round, and fruits, tobacco plants, vegetables, and flowers are what a greenhouse most commonly grows.A greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.
The growth of the global Greenhouse Equipment industry is majorly driven by the rise in adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary equipment which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of industry growth.
The industry has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, Europe led the global Greenhouse Equipment industry in terms of industry share., owing to the beginning of greenhouse culture in Europe because of favourable climate conditions. The industry for these Greenhouse Equipment in Asia-Pacific area is amplifying because more of supportive government policies and increasing demand for greenhouses. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Greenhouse Equipment industry in the following years when compared with the seasoned industrys of developed regions.
The major players operating in the Global Greenhouse Equipment industry include Richel Group SA, Argus Control Systems Ltd., Certhon, Logiqs B.V., Lumigrow, Inc., Agra Tech, Inc, Rough Brothers, Inc., Nexus Corporation, Hort Americas, LLC, and Heliospectra AB.
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