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
The global smart indoor gardening system market size is expected t-reach USD 3.22 billion by 2030 according t-a new study by Polaris Market Research. The report “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” gives a detailed insight int-current market dynamics and provides analysis on future market growth.
The significant factors such as the increasing number of technological developments in green technologies, the increasing concerns pertaining t-climate change, and the changing consumer preference t-save space are anticipated t-boost the industry growth around the world. Additionally, the changing interior design trends across nations are estimated t-present huge growth opportunities. The benefits offered by inside gardening systems t-enhance plant health while reducing human effort are further surging the industry demand in the approaching years.
Based on the technology, the self-watering segment is dominating the global industry and is anticipated t-lead the market over the forecasting period. The segment’s growth can be attributed t-the huge demand for automated plant watering systems, as they offer a hassle-free plant growing experience and are extremely popular with people wh-have busy schedules. Whereas the pest management segment is expected t-witness the highest CAGR over the forecast period. The use of IoT (Internet of Things) enabled pest management techniques t-prevent infection across all weather conditions and offer users structural views, information access, and pest control alerts anticipated t-drive the segment’s growth.
The growing urbanization and digitization across emerging economies such as India, China, and Japan, among others, is anticipated t-drive the demand for the industry. Moreover, the rising focus towards indoor aesthetics on account of the increasing per capita income of the population is projected t-drive the growth of the industry. The growing construction of green & buildings across developed nations is projected t-offer various lucrative opportunities for global industry development in the near future.
Major participants such as Agrilution, EDN, Inc., CityCrop Automated Indoor Farming, Grobo, CLICK & GROW LLC, AVA Technologies Inc., AeroFarms, Grow Smart Greens, Homecrop, PLANTUI, Theleaflandscape, and Tower Garden are some of the key players operating in the global market.
There are various industry vendors introducing their innovations across the global industry t-reinforce their geographical footprints. Further, the companies are initiating collaborative initiatives in order t-expand their global presence. Companies are engaging in research & development activities in order t-deploy more efficient and cost-effective products. For instance, in December 2021, LG Electronics launched their new and modern freestanding gardening appliance called LG Tiiun. This appliance can be utilized t-cultivate flowers, vegetables, and herbs. The company’s offerings provide all the benefits of a full garden without the worries of unfavorable climate and worries of pests.
Polaris Market Research has segmented the smart indoor gardening system market report on the basis of type, technology, end-use, and region:
Smart Indoor Gardening System, Type Outlook (Revenue – USD Billion, 2018 – 2030)
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