Core Insights - The rapid development of technology is driving a profound transformation in traditional agriculture, with smart greenhouses emerging as a key initiative for enhancing agricultural productivity and ensuring the quality and safety of agricultural products [1][9] - The smart greenhouse industry in China is projected to grow from a market size of 2.849 billion yuan in 2020 to 6.267 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 21.79% [1][10] - The future of the smart greenhouse industry will emphasize system integration and cross-industry collaboration, supported by advancements in technologies such as 5G and blockchain [1][9] Smart Greenhouse Industry Overview - Smart greenhouses, also known as modern greenhouses, utilize comprehensive environmental control systems to optimize conditions for crop growth, leading to high yields and economic benefits [3][6] - The industry is characterized by a multi-layered competitive landscape, with key players leveraging technological advancements and regional resources [10] Smart Greenhouse Functions - Key functions of smart greenhouses include environmental control, automation, and data management, which enhance production efficiency and reduce labor costs [5][6] - The integration of AI and big data technologies allows for precise monitoring and management of growth conditions, optimizing production strategies [5][8] Industry Chain - The smart greenhouse industry chain consists of upstream raw materials and equipment, midstream production, and downstream application fields such as flower, fruit, and vegetable cultivation [6][7] Market Trends - The global smart greenhouse market is expected to grow from $1.18 billion in 2020 to $2.2 billion in 2024, with a CAGR of 16.85% [9] - The industry is moving towards deep technological integration, focusing on IoT, big data, AI, and robotics to enhance automation and resource efficiency [12] - Environmental sustainability is becoming a core focus, with the adoption of energy-efficient materials and systems aimed at reducing carbon emissions [13] - The application of smart greenhouses is diversifying beyond traditional vegetable cultivation to include flowers, medicinal herbs, and urban agriculture [14] Key Companies in the Industry - Major players in the Chinese smart greenhouse industry include Beijing Jingpeng Global Technology Co., Ltd., Shandong Baike Am Agricultural Technology Development Co., Ltd., and others, which are forming a competitive landscape based on technological capabilities and market channels [10][11]