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Thailand Smart Greenhouse Market | Size, Revenue, Industry, Companies, Trends, Share, Value, Forecast, Analysis & Growth: Market Forecast By Type, By Offering, By End User And Competitive Landscape

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    Report

  • 61 Pages
  • January 2024
  • Region: Thailand
  • 6W Research
  • ID: 6050538
Thailand’s smart greenhouse market has seen substantial growth, driven by efforts to modernize agriculture and enhance productivity. Initiatives like Farming 4.0 provide education and technical training for farmers, enabling the adoption of technologies such as drones and IoT sensors. The Bio-Circular-Green Economic Model (BCG) further supports sustainable growth by promoting innovation aligned with the UN’s Sustainable Development Goals (SDGs).

This transformation is supported by investments from farms and companies like in 2022 VLove Farm cultivating leafy greens and vine crops by using green house and Green House Energrow, which operates a 100-hectare cannabis cultivation facility, featuring advanced polycarbonate greenhouses and climate-controlled glasshouses. Additionally, AIT in 2023, unveiled a cutting-edge smart greenhouse incorporating IoT and AI technologies, revolutionizing sustainable agriculture. These initiatives are driving technological advancements and promoting sustainable farming practices, accelerating smart greenhouse market growth.

According to the research, Thailand Smart Greenhouse Market revenue is projected to grow at a CAGR of 8.9% during 2024-2030F. Thailand’s smart greenhouse market is poised for substantial growth, fueled by strategic investments, government support, and modernization of agricultural practices. In 2024, Turnkey Communication Services (TKC) launched the “Smart Hydroponic Greenhouse” project, utilizing IoT technology in a 12x6 meter facility to enhance crop quality and sustainability, setting a benchmark for smart farming. This initiative aligns with Thailand’s 20-year agriculture strategy (2017-2036), which emphasizes smart farming for increased productivity and sustainability.

Additionally, in 2024, Distar Fresh’s government-supported vertical farm and greenhouse complex, starting with leafy greens and expanding to 620 tons annually, including strawberries, exemplifies the shift towards sustainable farming. Together, these initiatives promote innovation, resource efficiency, and the widespread adoption of smart greenhouse technologies, driving market growth and transforming Thailand’s agricultural sector.

Market Segmentation By Type

Hydroponics is expected to see the highest growth by type due to its ability to enable year-round crop production with space and soil. Its efficiency in nutrient delivery supports higher yields, especially for leafy greens and herbs. Rising urban farming trends and increasing demand for fresh, locally grown produce are driving growth in the food and retail sectors.

Market Segmentation By Offering

By Offering, hardware is projected to have the highest growth rate due to the increasing demand for advanced systems like automated irrigation, climate control, and energy-efficient lighting in smart greenhouses. These technologies are essential for optimizing crop production and sustainability. The growing focus on large-scale commercial farming and the push for precision agriculture in the food and agriculture sectors are driving this growth.

Market Segmentation By End-user

By End-user, commercial growers are set to experience the highest growth rate due to their need for large-scale, efficient production systems to meet increasing market demands. The use of smart greenhouse technologies helps optimize resource use and reduce operational costs. Growth in the export market for high-value crops, such as herbs and vegetables, is driving adoption in the agriculture and retail sectors.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Thailand Smart Greenhouse Market Overview
  • Thailand Smart Greenhouse Market Outlook
  • Thailand Smart Greenhouse Market Forecast
  • Historical Data and Forecast of Thailand Smart Greenhouse Market Revenues, for the Period 2020-2030F
  • Historical Data and Forecast of Thailand Smart Greenhouse Market Revenues, By Type, for the Period 2020-2030F
  • Historical Data and Forecast of Thailand Smart Greenhouse Market Revenues, By Offering, for the Period 2020-2030F
  • Historical Data and Forecast of Thailand Smart Greenhouse Market Revenues, By End-User, for the Period 2020-2030F
  • Thailand Smart Greenhouse Market Revenue Ranking, By Companies
  • Thailand Smart Greenhouse Market Drivers and Restraints
  • Thailand Smart Greenhouse Market Porters Five Forces
  • Thailand Smart Greenhouse Market Opportunity Assessment
  • Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

  • Hydroponics
  • Non-Hydroponics

By Offering

  • Hardware
  • Components
  • HVAC Systems
  • LED Grow Lights
  • Irrigation Systems
  • Sensor and Control Systems
  • Valves and Pumps
  • Covering Material
  • Polyethylene
  • Polycarbonate
  • Others (Fiberglass, Acrylic, PVC etc.)
  • Software & Services

By End-user

  • Commercial Growers
  • Research & Educational Institutes
  • Retail Gardens
  • Others (Export Oriented Farms, Aquaponics Farmers etc.)

Table of Contents

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Thailand Smart Greenhouse Market Overview
3.1 Thailand Smart Greenhouse Market Revenues, 2020-2030F
3.2 Thailand Smart Greenhouse Market Industry Life Cycle
3.3 Thailand Smart Greenhouse Market - Porter's Five Forces
4. Thailand Smart Greenhouse Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Thailand Smart Greenhouse Market Evolution & Trends
6. Thailand Smart Greenhouse Market Overview, By Type
6.1. Thailand Smart Greenhouse Market Revenue Share and Revenues, By Type (2023 & 2030F)
6.1.1. Thailand Smart Greenhouse Market Revenues, By Hydroponics (2020-2030F)
6.1.2. Thailand Smart Greenhouse Market Revenues, By Non-Hydroponics (2020-2030F)
7. Thailand Smart Greenhouse Market Overview, By Offering
7.1. Thailand Smart Greenhouse Market Revenue Share and Revenues, By Offering (2023 & 2030F)
7.1.1. Thailand Smart Greenhouse Market Revenues, By Hardware (2020-2030F)
7.1.2. Thailand Smart Greenhouse Market Revenues, By Software and Services (2020-2030F)
7.2. Thailand Smart Greenhouse Market Revenue Share and Revenues, By Hardware (2023 & 2030F)
7.2.1. Thailand Smart Greenhouse Market Revenues, By Component (2020-2030F)
7.2.2. Thailand Smart Greenhouse Market Revenues, By Covering Material (2020-2030F)
7.3. Thailand Smart Greenhouse Market Revenue Share and Revenues, By Component (2023 & 2030F)
7.3.1. Thailand Smart Greenhouse Market Revenues, By HVAC Systems (2020-2030F)
7.3.2. Thailand Smart Greenhouse Market Revenues, By LED Grow Lights (2020-2030F)
7.3.3. Thailand Smart Greenhouse Market Revenues,By Irrigation Systems (2020-2030F)
7.3.4. Thailand Smart Greenhouse Market Revenues, By Sensor and Control Systems (2020-2030F)
7.3.5. Thailand Smart Greenhouse Market Revenues, By Valves and Pumps (2020-2030F)
7.4. Thailand Smart Greenhouse Market Revenue Share and Revenues, By Covering Material (2023 & 2030F)
7.4.1. Thailand Smart Greenhouse Market Revenues, By Polyethylene(2020-2030F)
7.4.2. Thailand Smart Greenhouse Market Revenues, By Polycarbonate (2020-2030F)
7.4.3. Thailand Smart Greenhouse Market Revenues, By Others (2020-2030F)
8. Thailand Smart Greenhouse Market Overview, By End User
8.1. Thailand Smart Greenhouse Market Revenue Share and Revenues, By End-User (2023 & 2030F)
8.1.1. Thailand Smart Greenhouse Market Revenues, By Commercial Growers, (2020-2030F)
8.1.2. Thailand Smart Greenhouse Market Revenues, By Research & Educational Institutes, (2020-2030F)
8.1.3 Thailand Smart Greenhouse Market Revenues, By Retail Gardens, 2020-2030F
8.1.4 Thailand Smart Greenhouse Market Revenues, By Others, 2020-2030F
9. Thailand Smart Greenhouse Market Key Performance Indicators
10. Thailand Smart Greenhouse Market Opportunity Assessment
10.1. Thailand Smart Greenhouse Market Opportunity Assessment, By Type (2030F)
10.1. Thailand Smart Greenhouse Market Opportunity Assessment, By Offering (2030F)
10.2. Thailand Smart Greenhouse Market Opportunity Assessment, By End User (2030F)
11. Thailand Smart Greenhouse Market Competitive Landscape
11.1. Thailand Smart Greenhouse Market Revenue Ranking, By Top 3 Companies (2023)
11.2. Thailand Smart Greenhouse Market Competitive Benchmarking, By Technical Parameters
11.3. Thailand Smart Greenhouse Market Competitive Benchmarking, By Operating Parameters
12. Company Profiles
12.1 Yanmar Holdings Co., Ltd.
12.2 Netafim
12.3 Agri Solutions Asia Company Limited.
12.4 Chia Tai Co. Ltd.
12.5 SST Construction & Shades
12.6 Teshuva Agricultural Projects
13. Key Strategic Recommendations14. Disclaimer
List of figures
1. Thailand Smart Greenhouse Market Revenues, 2020-2030F ($ Million)
2. Thailand Agtech Startup landscape (%), 2023
3. Thailand Fresh Fruits & Vegetables Market Revenue, (USD Billion, 2023 and 2027F
4. Thailand Smart Greenhouse Market Revenue Share, By Type, 2023 & 2030F
5. Thailand Smart Greenhouse Market Revenue Share, By Offering, 2023 & 2030F
6. Thailand Smart Greenhouse Market Revenue Share, By Hardware, 2023 & 2030F
7. Thailand Smart Greenhouse Market Revenue Share, By Components, 2023 & 2030F
8. Thailand Smart Greenhouse Market Revenue Share, By Covering Material, 2023 & 2030F
9. Thailand Smart Greenhouse Market Revenue Share, By End-user, 2023 & 2030F
10. Thailand Agriculture Market Size and Local Production ($ Billion), 2020-2023
11. Thailand’s Agriculture Total Exports and Imports ($ Billion), 2020-2023
12. Thailand Smart Greenhouse Market Opportunity Assessment, By Type, (2030F)
13. Thailand Smart Greenhouse Market Opportunity Assessment, By Offering, (2030F)
14. Thailand Smart Greenhouse Market Opportunity Assessment, By End-user, (2030F)
15. Thailand Smart Greenhouse Market Revenue Ranking, By Companies, 2023
List of tables
1. Thailand Total Sustainable Rice Area by 2050, (ha) and %
2. Thailand Smart Greenhouse Market Revenues, By Type, (2020-2030F) ($ Million)
3. Thailand Smart Greenhouse Market Revenues, By Offering, (2020-2030F) ($ Million)
4. Thailand Smart Greenhouse Market Revenues, By Hardware, (2020-2030F) ($ Million)
5. Thailand Smart Greenhouse Market Revenues, By Components, (2020-2030F) ($ Million)
6. Thailand Smart Greenhouse Market Revenues, By Covering Material, (2020-2030F) ($ Million)
7. Thailand Smart Greenhouse Market Revenues, By End-user, (2020-2030F) ($ Million)

Companies Mentioned

  • Yanmar Holdings Co., Ltd.
  • Netafim
  • Agri Solutions Asia Company Limited.
  • Chia Tai Co. Ltd.
  • SST Construction & Shades
  • Teshuva Agricultural Projects