Thailand smart greenhouse market revenue is projected to grow at a CAGR of 8.9% during 2024-2030F

Hardware sector by Offerings held the highest revenue share in Thailand Smart Greenhouse Market -6Wresearch

In 2023, hardware dominated Thailand’s smart greenhouse market in revenue due to increased demand for advanced systems, such as IoT sensors, climate control equipment, and automated irrigation solutions. The growing need for efficient resource management in agriculture, driven by sustainable farming practices and technological advancements, particularly in the agriculture sectors, contributed to the expansion of hardware market.

According to 6Wresearch, Thailand smart greenhouse market revenue is projected to grow at a CAGR of 8.9% during 2024-2030F. The market has experienced decent growth, driven by the country’s commitment to sustainable agriculture and modernizing farming practices to meet domestic and export demands. A key factor is the 20-year agriculture strategy (2017–2036), which promotes smart farming technologies for enhanced productivity and sustainability. This has spurred the adoption of smart greenhouse methods across farms and companies. In 2022, VLove Farm set a benchmark with retractable roof cooling technology for leafy greens, while ISDN Holdings, in partnership with the Department of Skill Development, invested $2 million in a Smart Greenhouse and Learning Centre, fostering innovation and skill development. All these developments has led to growth of smart greenhouse market in Thailand.

In the coming years, Thailand's smart greenhouse market is set to experience rapid growth, driven by strategic investments, partnerships, and government-backed initiatives. In 2024, Distar Fresh launched a government-supported vertical farm and greenhouse complex, initially focused on leafy greens, with phase two set to increase yields to 620 tons annually and introduce strawberries.

According to Sumit, Senior Research Analyst, 6Wresearch, commercial growers accounted for the highest revenue share in Thailand's smart greenhouse market, driven by their focus on large-scale production of high-value crops like cannabis, strawberries, and leafy greens.

Thailand Smart Greenhouse Market (2024-2030) report provides an in-depth analysis with 15 figures and 7 tables, covered in 61 pages. The report thoroughly covers market by type, offerings, and end-user. Thailand Smart Greenhouse Market outlook report provides an unbiased and detailed analysis of the on-going Thailand Smart Greenhouse Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.