Global Smart Greenhouse Market to 2027: High Investment Costs Owing to the Deployment of Expensive Systems are Hampering Market Growth December 18, 2020 08:38 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com's offering. Global Smart Greenhouse market accounted for $1.31 billion in 2019 and is expected to reach $3.05 billion by 2027 growing at a CAGR of 11.2% during the forecast period. Some of the factors such as the rising number of government initiatives to promote the adoption of smart agricultural practices and growing demand for food owing to continuously increasing global population are propelling the market growth. However, high investment costs owing to the deployment of expensive systems in smart greenhouses are hampering the market growth.