What is Greenhouses and Growth Chambers Market?
Government initiatives for promoting the greenhouse and growth chamber will help to boost global greenhouses and growth chambers market. The main purpose of the greenhouse and growth chamber is to generate such atmospheric circumstances responsible for effective plant germination and growth. Greenhouses and plant growth chambers are perfect environments for smart, innovative research, whether that be teasing apart the important and extremely complex nature of plants or finding sensible keys for vexing agricultural problems. It is used for research projects at the college of agriculture and life sciences. Additionally, in this chambers temperature, humidity, and lights are organized in such a way that it will help to create the desired environment necessary for examining the growth of a particular plant.
The market study is being classified by Type (Reach-In and Walk-In), by Application (Short Plants, Tall Plants and Others) and major geographies with country level break-up.
Thermo Fisher Scientific (United States), Controlled Environments Ltd (United States), Caron Foundation (United States), Percival Scientific Inc. (United States), Binder GmbH (Germany), Weiss Umwelttechnik GmbH (Germany), Saveer Biotech Limited (India), Ara Labs Security Solutions Inc. (Canada), Hettich Benelux B.V. (Netherlands) and Freezers (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Brs Bvba (Belgium) and Darwin Chambers Company (United States).
The Manufacturers having a strong hold in the market are Thermo Fisher Scientific, Controlled Environments, Caron Foundation, Percival Scientific Inc., and Binder. Research Analyst at AMA predicts that German and United States Manufacturers will contribute to the maximum growth of Global Greenhouses and Growth Chambers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Greenhouses and Growth Chambers market by Type, Application and Region.
On the basis of geography, the market of Greenhouses and Growth Chambers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Growth Chamber due to its Advantages such as Acceleration Cultivation Process, better Crop Quality, no Light Pollution, and Many Others.
- Government Initiatives for Promoting Growth Chambers due to Increasing Environmental Side Effects
Market Trend
- Increasing Productivity as well as Crop Yield with respect to the Emergence of the LED Lighting System
Restraints
- Comparatively Higher Initial Investments and Installation Cost
- Maximum Water and Electricity Consumed in Growth Chambers
Opportunities
- Rising demand for specialty crop in emerging economies particularly from Asian Countries
Challenges
- Higher Post Purchase Maintenance might Stagnate Demand
- Lack of Awareness in Underdeveloped Regions
Market Leaders and some development strategies
On May 16, 2019, the world leader in serving science, "Thermo Fisher Scientific Inc." has signed a definitive agreement to acquire a drug substance manufacturing site in Cork, Ireland, from GlaxoSmithKline plc for approximately €90 million in cash. The Cork site will expand capacity to meet customer demand for the development and commercial manufacturing of complex active pharmaceutical ingredients (APIs). With more than 400 employees approximately, the site produces highly specialized APIs for treating diseases including childhood cancer, depression and Parkinson's.
From April 16, 2019, one of the nation’s leading not-for-profit addiction and behavioral healthcare providers, "Caron Treatment Centers" is now an in-network substance used as a disorder treatment provider in the Regional Preferred Network offered by AmeriHealth HMO, Inc. and AmeriHealth Insurance Company of New Jersey. Caron also has in-network agreements with Independence Blue Cross in the Greater Philadelphia area for its commercial Keystone Health Plan East and Personal Choice PPO plans.
Key Target Audience
Greenhouses and Growth Chambers Manufacturers, Greenhouses and Growth Chambers Distributors and Traders, Upstream and Downstream Buyers, Research and Development Institutes, Government Agencies, Agricultural Industry Associations and Others