(Entertainment-NewsWire.com, December 08, 2017 ) North America Greenhouse Equipment Industry Size was worth USD 5.87 billion in 2016 and estimated to be growing at a CAGR of 8.4%, to reach USD 8.79 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 North America Greenhouse Equipment industry is 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 North America industry has been geographically segmented into segmented into US and Canada.The North American region holds the second major stake in the aggregate income of Global Greenhouse Equipment industry in 2016 because of noteworthy growth in demand, brought about by established distribution channels and supportive governmental policies.
The major players operating in the North America 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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