Environment Controller Market size was over USD 7.09 billion in 2023 and is anticipated to reach USD 15.88 billion by 2036, witnessing around 6.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of environment controller is estimated at USD 7.45 billion. The growth of the market can be attributed to the growing consumption of grains and other food products by the ever-increasing global population. The demand for food grains is increasing tremendously, and to increase the production of crops, optimum environmental conditions are required in every season. Environment controllers help achieve the required atmospheric conditions, which is the primary factor estimated to drive the market growth. The growing trend of cultivation in controlled environment is anticipated to boost the market growth. Moreover, the government initiatives to raise the food security on a global level are foreseen to boost the market growth. According to a report by the World Bank, in 2018 agriculture contributed to only 4% of the global GDP. Nearly 690 million people, which is 8.9% of the global population lived with food scarcity in 2020, up by nearly 60 million since 2015. World Bank aims to promote agriculture to feed over 9.7 billion people by 2050. Increasing focus on organic farming, indoor cultivation, greenhouse agriculture, and other advanced farming techniques to boost the production rate, is estimated to advance the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.4% |
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Base Year Market Size (2023) |
USD 7.09 billion |
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Forecast Year Market Size (2036) |
USD 15.88 billion |
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Regional Scope |
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The market is segmented by end-user industry into agriculture, defense, and others, out of which, the agriculture segment is anticipated to hold the largest share in the global environment controller market over the forecast period on account of increasing usage of environment controllers in advanced agricultural practices. Moreover, rising focus of the government on improving agriculture supply, is estimated to promote the segment growth.
Our in-depth analysis of the global market includes the following segments
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By Application |
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By End-User Industry |
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APAC Market Statistics
On the basis of geographical analysis, the global environment controller market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is estimated to dominate majority revenue share by 2036, led by high population in the region, along with massive dependence on agriculture for livelihood. The increasing practice of organic agriculture, adoption of technology in agricultural activities, and growing investment in the sector, are some of the factors estimated to boost the market growth in the region.
North America Market Analysis
The environment controller market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the various government initiatives to promote greenhouse agriculture on a commercial scale. Moreover, the presence of major market players is also expected to promote the regional market growth.
Author Credits: Nilanjana Ray
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