environment-controllers-market-for-agricultural-greenhouse-to-cross-us$-7.65-bn-by-2031,-tmr-study

Environment Controllers Market for Agricultural Greenhouse to Cross US$ 7.65 Bn by 2031, TMR Study

 

Analysts at TMR estimate the environment controllers market for agricultural greenhouse to expand at a CAGR of 21.98% over the forecast period, from 2021 to 2031. Continual rise in demand for environment controllers for various techniques of plant cultivation such as greenhouse, hydroponics, and indoor gardening is fueling the growth of the environment controllers market for agricultural greenhouse.

Rapid industrialization and urbanization in several parts of the world leading to substantial loss of arable land suitable for farming has compelled the use of new agricultural practices for the limited land. This stirs the demand for advanced farming equipment such as environment controllers.

Significant investments in vertical farming with decreasing availability of arable land directly influences the demand for various types of environment controllers such as humidity controllers, sensors, and coolers to maintain the desired ambient conditions.

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Environment Controllers Market for Agricultural Greenhouse – Key Findings of Report

  • Increasing shift from traditional greenhouses to modern greenhouses due to limitations of the former is creating demand for equipment to control interior temperatures. Practical difficulties to manually adjust some or all equipment to maintain a consistent interior climate is leading to a preference for modern greenhouses from traditional greenhouses, and therefore fueling the demand for environment controllers for agricultural greenhouse.
  • Modern greenhouses comprise a wide range of equipment, including roof vents, roll-up sidewalls, shade screens, heating & cooling equipment, recirculation fans, thermal screens, fogging, extraction fans, evaporative cooling pads, and lighting that allow interior climate to be automatically maintained in accordance with specifications
  • Environmental sensors are highlight of modern greenhouses that are placed inside and outside of the structure to monitor variables that influence plant growth. Environmental sensors receive information that is used by controllers to adjust the various equipment for climate control.

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  • Design innovations in environment controllers that are ultra-compact, and meant for recording of air temperature and relative humidity in farm settings underway in the environment controllers market for agricultural greenhouse. Manufacturers are making efforts to increase the availability of environment controller devices that deliver simple and long-term recording of environmental data.
  • Extensive efforts for technologically advanced devices such as to regulate micro-climate for different types of crops, including light intensity and environment parameters to stir demand in the environment controllers market. Manufacturers are using technology to design smart devices that provide a consistent growing environment and at the same time automate temperatures, and thus, save manufacturing costs. Integrating environment controllers with software systems that create reports and offer real-time data to users and can be operated using smartphone is the focus of savvy manufacturers in the environment controllers market for agricultural greenhouse.
  • Technological advancements in a number of areas, including multifunction systems in chips, ubiquitous cloud services, and digital communication for environment controllers to elevate operational efficiency. This will assist to address challenges of connection and configuration of sensors associated with IoT-enabled devices.

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Environment Controllers Market for agricultural Greenhouse – Growth Drivers

  • Need to adopt modern techniques of farming with the limited availability of arable land propels the environment controllers market for agricultural greenhouse
  • Consistent rise in demand for environment controllers for various types of agriculture and plant cultivation such as hydroponics and greenhouse farming to maintain desired environment fuels the growth of the environment controllers market for agricultural greenhouse

Environment Controllers Market for agricultural Greenhouse

Some of the key players operating in the environment controllers market for greenhouse are;

  • SmartBee Technology Inc.
  • Growlink
  • Argus Control Systems Limited
  • Link4 Corporation
  • Climate Control Systems Inc.
  • TrolMaster
  • Trotec GmbH
  • Certhon
  • Rough Brothers Inc.
  • Netafim

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Environment Controllers Market for Agricultural Greenhouse, by Farming Type

  • Hydroponics
  • Greenhouse
  • Indoor Gardening
  • Urban Agriculture
  • Cannabis Home Growers
  • Others (including Indoor Deep Water Culture)

Environment Controllers Market for Agricultural Greenhouse, by Application

  • Indoor
  • Outdoor

Environment Controllers Market for Agricultural Greenhouse, by End User

  • Small Scale
  • Medium Scale
    • Scale 1
    • Scale 2
  • Large Scale

Environment Controllers Market for Agricultural Greenhouse, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • U.K.
    • Netherlands
    • Austria
    • Russia & CIS
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • Taiwan
    • Malaysia
    • South Korea
    • Australia
    • Thailand
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • Egypt
    • Israel
    • Turkey
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America

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hybrid-cars-market-to-reach-us$-2.1-trn-by-2031,-tmr-study

Hybrid Cars Market to Reach US$ 2.1 Trn by 2031, TMR Study

 

Analysts at TMR estimate the hybrid cars market to expand at a CAGR of 21.9% during the forecast period from 2021 to 2031. Increasing shift in demand from conventional gasoline powered engine vehicles to environment-friendly engine vehicles is a key factor fueling the growth of the hybrid cars market. Consistent effort of automobile manufacturers for improved designs until commercialization is promising for the growth of hybrid cars market.

Increasing consumer awareness for fuel-efficient vehicles and government regulations to curb vehicle emissions is leading to the rising demand for electric and hybrid vehicles. Hybrid vehicles receive power either from electric motor engine, natural gas engine, or internal combustion (IC) engine, with IC engines mostly used to power battery of electric vehicles and hybrid vehicles for their low emissions.

Several governments the world over are playing a key role to increase awareness about electric and hybrid vehicles to reduce the use of conventional fuel-based engine vehicles in an effort to conserve the environment. Governments are providing several benefits and subsidies to increase the production capacity of electric and hybrid vehicles, and tax incentives to users for purchase of these vehicles. For instance, the U.S. Government offers up to US$ 7,500 federal income tax credits for all electric and plug-in hybrid electric vehicles.

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Hybrid Cars Market – Key Findings of Report

  • Design encompassing environment-friendly compact size engines, improved aero dynamics, and reduced car weight as compared to IC engine cars elevates the fuel efficiency of hybrid vehicles
  • Demand for series-parallel hybrid cars is at the fore among other leading product segments in the hybrid cars market. Superior functionality of series-parallel hybrid cars allows to split power, wherein power is routed from IC engine to the wheels of the vehicle. Nonetheless, plug-in hybrid cars are anticipated to witness high demand during the forecast period. The commercialization of plug-in hybrids that is attracting consumers to own battery-operated vehicles is providing substantial opportunities to this product segment of the hybrid cars market.
  • Hybrid car manufacturers in developed countries are leaning toward local production to strengthen their manufacturing capacity. This is proving to be beneficial to serve substantial demand in regional markets, and reduce cost of shipping of several raw materials used.
  • Exponential rise in vehicle ownership in several parts of the world leading to rise in pollution has alerted governments to adopt measures to reduce pollution. Several governments offer tax benefits for environment-friendly vehicles, and thus stimulate demand for hybrid cars market
  • Asia Pacific led the hybrid cars market in terms of revenue in 2020 due to the substantial demand for of IC engine and electric motor powered vehicles. Rising awareness among consumers for the adoption of low emission vehicles and incentives provided by several governments for use of electric and hybrid cars fuels the hybrid cars market in the region.

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Hybrid Cars Market – Growth Drivers

  • Growing consumer awareness about fuel-efficient vehicles and government regulations to curb vehicular emissions drives the hybrid cars market
  • Array of benefits and incentives offered by governments to vehicle manufacturers to increase the production capacity of electric and hybrid vehicles stimulates the hybrid cars market

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Hybrid Cars Market – Key Players

Some of the key players operating in the hybrid cars market are;

  • Volkswagen AG
  • Nissan Motor Co. Ltd.
  • Hyundai Motor Co.
  • BorgWarner Inc.
  • Volvo Group
  • Allison Transmission
  • Toyota Motor Corp.
  • Honda Motor Co. Ltd.
  • Continental AG
  • Ford Motor Company
  • Daimler AG
  • ZF Friedrichshafen AG

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The hybrid cars market is segmented as follows;

Hybrid Cars Market, by Type

  • Series
  • Parallel
  • Plug-in
  • Series-Parallel

Hybrid Cars Market, by Energy Source

  • ICE Hybrid
  • Fuel Cell Hybrid
  • Solar Hybrid
  • Natural Gas Hybrid

Hybrid Cars Market, by Degree of Hybridization

  • Full Hybrid
  • Micro-Hybrid
  • Mild Hybrid

Hybrid Cars Market, by Vehicle Type

  • Passenger Vehicle
    • Hatchback
    • Sedan
    • Utility Vehicles
  • Light Commercial Vehicle

Hybrid Cars Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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