The global smart indoor garden market size is expected to reach USD 243.3 Million in 2030 and register a revenue CAGR of 8.2% over the forecast period, Various key factors such as increase in construction activities in developing countries such as India and China and growing novelty and rising popularity of indoor gardening and available systems are factors driving global smart indoor garden market revenue growth.
Smart indoor garden systems allow growing of plants such as herbs, strawberries, and flowers faster in a controlled environment, and without the use of pesticides, plant hormones, or potentially harmful chemicals and substances. Smart indoor garden combines small farming units with upgraded technologies to provide effective gardening solutions. Biodegradable plant capsules, growth sensors, self-watering systems, nutrition devices, Light Emitting Diode (LED) lighting, humidifiers, and other components are part of a smart indoor garden system. Smart air purifiers are also included in an indoor garden, and helps plants to improve their natural phytoremediation effectiveness by inhibiting microbial growth, fine particles, and odors. Smart indoor gardens are increasingly becoming popular in homes, retail stores, and hospitality sector.
Smart Indoor Garden Market research report published by Emergen Research describes in detail the vital aspects of the Smart Indoor Garden market on a global and regional level. The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market.
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The research study presents an industry-wide summary of the Smart Indoor Garden market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Smart Indoor Garden research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
Key Highlights From the Report
· In May 2020, US-based Niwa invented a smartphone-controlled growing system, which is a completely linked growing system that uses a mix of hardware and software to aid plant growth.
· Fruits & vegetables segment accounted for a significantly large revenue share in 2020 owing to increasing tendency of growing healthy vegetables at home with the help of smart indoor gardening techniques.
· Smart sensing technology segment revenue is expected to register a rapid rate during the forecast period owing to robust adoption of various smart sensing technologies in smart indoor garden systems.
· Hydroponics segment expected to register steady growth during the forecast period owing to rapid adoption for growing plants by using only water, in a no soil zone.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Leading Players Profiled in the Report:
Agrilution Systems Gmb, AVA Technologies Inc., CityCrop Automated Indoor Farming, Click & Grow LLC, EDN, Inc., Grobo Inc., SproutsIO Inc., BrightFarms, Bowery Farming Inc., and Metropolis Farms Inc.
The report analyzes the market based on different categories such as product types, end-user applications, and leading geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
Emergen Research has segmented the global smart indoor garden market on the basis of type, crop type, technology, growing system, end use, and region:
· Type Outlook (Revenue, USD Million, 2018–2030)
o Small Garden
o Wall Garden
o Floor Garden
o Others
· Crop Type Outlook (Revenue, USD Million, 2018–2030)
o Fruits & Vegetables
o Herbs and Microgreens
o Flowers and Ornamentals
· Technology Outlook (Revenue, USD Million, 2018–2030)
o Smart Sensing Technology
o Smart Pest Management Technology
o Self-Watering Technology
o Others
· Growing System Outlook (Revenue, USD Million, 2018–2030)
o Hydroponics
o Aeroponics
o Aquaponics
o Soil-based
o Hybrid
· End Use Outlook (Revenue, USD Million, 2018–2030)
o Residential
o Commercial
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Major regions include North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and demand, production and consumption patterns, import/export, and presence of key players in each region.
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