According to the research report, the global smart indoor gardening system market size & share was valued at USD 2.06 billion in 2021 and is expected to reach USD 3.22 Billion by 2030, growing at a CAGR of 5.2% during the forecast period.
Several start-ups related to urban farming and innovators have advanced smart devices and provide services for establishing smart gardens. The inclination for urban agriculture utilizing modern technology is gaining momentum amongst the millennials who are keen on growing greens inside or outside their houses. Gardening errands like watering and mowing the lawn have become more straightforward, and even space limitations are being conquered by the smart indoor gardening system.
Smart indoor gardening systems are devised for accessibility indoors in small spaces without messy soil. Seeds are situated inside biodegradable nutrient plant pods that snap into the unit. The unit is then plugged in and attached to the Wi-Fi to fill the water reservoir. Some smart indoor gardening systems are even self-watering indoor watering kits making the individual free of monitoring.
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Highlights of the report
- The report offers an in-depth analysis of present and surfacing smart indoor gardening system market dynamics and trends
- Extensive smart indoor gardening system market analysis is carried out by assembling market assessments for the significant market segments in the forecast period
- In-depth analysis of the market is executed by ensuing significant positioning of the product and observing top contenders within the market framework
- A detailed analysis of all countries is offered to decide the existing opportunities
- The global smart indoor gardening system market analysis over the forecast period is included in this report
- Significant players within the smart indoor gardening system market are profiled in this report, and their schemes are analyzed closely, which assists in comprehending the competitive outlook of the smart indoor gardening system industry
Top Market Players Are:
- AVA Technologies Inc.
- CityCrop Automated Indoor Farming
- CLICK & GROW LLC
- EDN Inc.
- Grow Smart Greens
- Tower Garden
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Smart indoor gardening system market: Growth leading factors
The growing level of urbanization and the increasing concentration of indoor aesthetics are primarily driving the market for smart indoor gardening. Additionally, the promoted living standards of the consumers, together with increasing per capita spending on interior décor that is high end, are further pushing the product demand. Additionally, the growing health worries about the use of growth-inducing chemicals in traditional crop farming are propelling the need for food sources that are organically produced in bright indoor gardens. The exponential growth of smart and green buildings with exotic interior design solutions is also driving the market growth.
The emergence of various innovative technologies has spearheaded the growing penetration of smart indoor gardens with pods that are compostable and hydroponic irrigation systems that are automated. Also, the arrival of IoT-dependent smart home gardening systems that offer high compatibility with software-based mobile applications is further pushing the market. Additionally, the increasing adoption of smart indoor gardening systems associated with AI-based home devices like Google Home, Alexa, and Amazon Echo drives market growth.
Due to covid-19, the global Smart Indoor Gardening System Market has been severely impacted. The demand of consumers is reduced as individuals are bent on doing away with expenses that are non-essential from their respective budgets, as the mainstream economic status of the majority of the individuals has been severely impacted by this outbreak.
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Smart indoor gardening system market: Report Scope
|Market Size 2021 Value||USD 2.06 billion|
|Market Outlook for 2030||USD 3.22 billion|
|Expected CAGR Growth||5.2% from 2022 – 2030|
|Forecast period||2022 – 2030|
|Segments covered||By Type, By Technology, By End-Use, By Region|
|Key Companies||AeroFarms, Agrilution, AVA Technologies Inc., CityCrop Automated Indoor Farming, CLICK & GROW LLC, EDN, Inc., Grobo, Grow Smart Greens, Homecrop, PLANTUI, Theleaflandscape, and Tower Garden.|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Customization Options||Customized purchase options are available to meet your research needs.|
Smart indoor gardening system market: Key segmentation
- Insight by type, technology, end-use, and region
By type, the small garden segment is anticipated to record an outstandingly significant revenue share. Vegetables, fresh fruit, flowers, and herbs can be grown in the small indoor garden throughout the year. By technology, the self-watering technology segment is anticipated to record a significant speedy growth rate during the forecast period owing to the high demand for plant watering systems that are automated. It assists in a hassle-free growing experience. By end-use, the residential segment recorded the largest revenue share attributed to growing residential construction activities worldwide.
By region, the market in North America is anticipated to progress and advance more new indoor vertical farming products and techniques. Growing concentration on innovations in smart indoor gardening technologies, growing emphasis on increasing yield, and the well-established interior designing industry are crucial factors pushing the growth of the North American smart indoor gardening market. In the Asia Pacific, the market is anticipated to register the speediest revenue growth rate over the forecast period. The region is experiencing quick adoption of smart indoor gardening because of growing smart city projects and rapid urbanization in countries like China and India. Additionally, increasing population and increasing concentration on more achievable food production drive the market.
Browse the full “Smart Indoor Gardening System Market Share, Size, Trends, Industry Analysis Report, By Type (Floor Garden, Wall Garden), By End-Use (Residential, Commercial); By Technology (Self-watering, Smart Sensing, Smart Pest Management), By Region; Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/smart-indoor-gardening-system-market
The market primarily depends on the type, technology, end-use, and region
Smart indoor gardening system market: By type
- Floor Garden
- Wall Garden
Smart indoor gardening system market: By technology
- Smart Sensing
- Smart Pest Management
Smart indoor gardening system market: By end-use
Important Questions Being Answered by The Market Report
- What is the market size and growth?
- What are the effective growth strategies of the smart indoor gardening system industry players?
- How can the report on the smart indoor gardening system market be obtained?
- What is the aggregate market value of the smart indoor gardening system market?
- Which market holds the largest market share of the market?
- How be the statistical data of the top players in the market obtained?
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