The market for plant growth chambers is projected to reach USD 485.6 Million by 2022, at a CAGR of 4.0% during the forecast period. The plant growth chambers market is gaining momentum in economies such as Germany and France, due to rise in technological advancements. Growing usage of plant growth chambers in the agricultural sector and pharmaceutical industry is one of the important driving factors for the growth of the market in these countries.
North America is estimated to hold the largest share in the global market, in terms of value, in 2017, owing to the declining arable land area which has spurred the demand for plant growth chambers in the US. These chambers are significantly utilized in the region to avoid the disturbances in the continuous supply of food and to develop innovative and quality plants that are free of diseases. The presence of major companies such as Thermo Fisher, Caron, and Conviron is majorly contributing to the growth of the market in this region.
Europe is projected to be the fastest-growing region in the global market during the forecast period owing to the increase in the usage of plant growth chambers in the agricultural sector as well as the pharmaceutical industry in this country. The growth in the use of plant growth chambers in academic research organizations and cosmetic industries is another key factor propelling the demand for plant growth chambers in Europe. Additionally, dry climatic conditions in some of the countries of Europe are some of the other key factors that have been fueling the demand for plant growth chambers in this region.
The key players in global market include Thermo Fisher(US), CARON(US), Conviron (Canada), Percival Scientific (US), BINDER (Germany), Weiss Technik (Germany), Saveer Biotech (India), Arlab (Portugal), Hettich Benelux (Netherlands), Freezers India, BRS bvba (Belgium), and Darwin Chambers (US).