PUBLISHER: The Business Research Company | PRODUCT CODE: 1605609
PUBLISHER: The Business Research Company | PRODUCT CODE: 1605609
Heating and cooling systems for greenhouses are specialized technologies aimed at controlling temperature and humidity levels within the greenhouse setting. These systems are crucial for establishing ideal conditions for plant development and enhancing crop yields. They play a vital role in contemporary agriculture, allowing farmers to cultivate crops in a variety of climates and settings.
The primary categories of greenhouse heating and cooling systems consist of heating systems and cooling systems. Heating systems are specifically designed to sustain optimal temperatures for plant growth, particularly during the colder seasons, ensuring that plants receive the necessary warmth to flourish. This helps prevent frost damage and encourages healthy development. Various technologies are utilized, including natural ventilation, mechanical ventilation, radiant heating, forced air heating, evaporative cooling, and more, serving applications such as flower planting, vegetable farming, fruit growing, and others.
The greenhouse heating and cooling systems market research report is one of a series of new reports from the business research company that provides greenhouse heating and cooling systems market statistics, including greenhouse heating and cooling systems industry global market size, regional shares, competitors with an greenhouse heating and cooling systems market share, detailed greenhouse heating and cooling systems market segments, market trends and opportunities, and any further data you may need to thrive in the greenhouse heating and cooling systems industry. This greenhouse heating and cooling systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The greenhouse heating and cooling systems market size has grown strongly in recent years. It will grow from $19.15 billion in 2023 to $20.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The increase during the historical period can be linked to the emergence of commercial agriculture, a heightened demand for year-round crop production, the growth of organic farming, government support for sustainable practices, the necessity for pest and disease management, and a rising awareness of the effects of climate change on agriculture.
The greenhouse heating and cooling systems market size is expected to see strong growth in the next few years. It will grow to $26.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth during the forecast period can be linked to the increasing consumer demand for local and organic produce, heightened investment in sustainable agricultural practices, the creation of climate-resilient crop varieties, improved energy efficiency standards, the expansion of urban agriculture initiatives, and the incorporation of renewable energy sources in farming operations. Key trends in this period include the adoption of precision climate control technologies, the rise of renewable energy integration, the expansion of vertical farming systems, advancements in energy-efficient materials, the growth of automated monitoring and control systems, a focus on sustainability and reduced carbon footprints, and the increased utilization of data analytics to optimize crop production environments.
The growing demand for year-round crop production is anticipated to drive the greenhouse heating and cooling systems market in the future. Year-round crop production entails the continuous cultivation and harvesting of crops throughout the entire year, irrespective of seasonal fluctuations. This demand arises from shifts in consumer lifestyles, a preference for fresh and locally sourced food, and the necessity to ensure food security amid climate variability and population growth. Greenhouse heating and cooling systems play a vital role in fulfilling this rising demand by creating optimal growing conditions. These systems manage temperature and humidity, which allows for consistent plant growth and extends the growing season, regardless of external weather factors. For example, a report released by the United States Department of Agriculture in August 2023 indicated that contracted tomato production in California reached 12.9 million tons in 2023, with an average yield of 50.8 tons per acre. This marks a 23% increase from the previous year's 10.5 million tons and is 2% higher than the May estimate. The projected harvested area is 254,000 acres, representing a 13% rise from 2022. Thus, the increasing demand for year-round crop production is fueling the growth of the greenhouse heating and cooling systems market.
Key companies in the greenhouse heating and cooling systems sector are concentrating on developing innovative energy technologies, including renewable energy-powered greenhouse heating systems, to improve energy efficiency, enhance crop yields, and reduce operational costs by more effectively utilizing solar energy while maintaining optimal growing conditions. These renewable energy-powered systems use sustainable sources such as solar, wind, or geothermal energy to regulate temperature, thereby decreasing reliance on fossil fuels and lowering greenhouse gas emissions. For instance, in April 2023, EHP Technologies AG, a Switzerland-based company that specializes in heating and cooling solutions, unveiled a revolutionary greenhouse heating system that minimizes water usage compared to traditional systems that typically require large volumes of water. This system ensures a consistently regulated internal temperature, facilitating uniform heat distribution throughout the greenhouse. Powered by up to 100% renewable energy, it eliminates the need for fossil fuels such as coal, gas, and petroleum, greatly improving operational efficiency. EHP estimates that their system will allow users to save over 16 million kWh annually while reducing CO2 emissions by nearly 393,000 kg, contributing to global carbon footprint reduction and efforts to combat climate change.
In August 2023, DENSO Corporation, a Japan-based automotive supplier, acquired Certhon Group for an undisclosed amount. This acquisition aims to broaden DENSO's capabilities in smart agricultural technologies and enhance its offerings in greenhouse heating and cooling systems. Certhon Group, based in the Netherlands, specializes in greenhouse technology, focusing on climate control, automation, and sustainable heating and cooling solutions for indoor farming.
Major players in the greenhouse heating and cooling systems market are Netafim Ltd., Kelvion Holding GmbH, Munters Corporation, Hydrofarm, Griffin Greenhouse & Nursery Supplies Inc., Richel Group S.A.S., Priva B.V., BFG Supply Co., FarmTek Inc., Prospiant LLC, Dalsem Greenhouse Construction B.V., GGS Structures Inc., Saveer Biotech Limited, AgriNomix LLC, Gothic Arch Greenhouses Inc., Enerdes Inc., Agra Tech Inc., Luiten Greenhouses, Valoya Oy, BioTherm Solutions LLC, Rimol Greenhouses Inc., DryGair Energies Ltd.
North America was the largest region in the greenhouse heating and cooling systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in greenhouse heating and cooling systems report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the greenhouse heating and cooling systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The greenhouse heating and cooling systems market consists of revenues earned by entities by providing services such as installation services, maintenance services, repair services, consulting services, system design services, climate monitoring services, and energy efficiency audits. The market value includes the value of related goods sold by the service provider or included within the service offering. The greenhouse heating and cooling systems market also includes sales of climate control equipment, ventilation systems, fans and thermostats. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Greenhouse Heating and Cooling Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on greenhouse heating and cooling systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for greenhouse heating and cooling systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The greenhouse heating and cooling systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.