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, according to the latest report by Emergen Research. 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.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments. The Global Smart Indoor Garden Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2022-2030. The report studies the historical data of the Smart Indoor Garden market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
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Top competitors of the Smart Indoor Garden Market profiled in the report include:
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.
Some 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.
- Market in North America accounted for largest revenue share in 2020 owing to advancements of indoor vertical farming solutions and systems. The U.S. dominated markets in Canada and Mexico respectively in terms of revenue share contribution to the North America market. This can be attributed to well established interior designing and decoration industry and use of more natural and organic means of adding appeal and enhancing aesthetics in the U.S.
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The report offers an accurate forecast estimation of the Smart Indoor Garden industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Smart Indoor Garden market.
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)
- Small Garden
- Wall Garden
- Floor Garden
- Others
Crop Type Outlook (Revenue, USD Million, 2018–2030)
- Fruits & Vegetables
- Herbs and Microgreens
- Flowers and Ornamentals
Technology Outlook (Revenue, USD Million, 2018–2030)
- Smart Sensing Technology
- Smart Pest Management Technology
- Self-Watering Technology
- Others
Growing System Outlook (Revenue, USD Million, 2018–2030)
- Hydroponics
- Aeroponics
- Aquaponics
- Soil-based
- Hybrid
End Use Outlook (Revenue, USD Million, 2018–2030)
- Residential
- Commercial
Regional Analysis of the Smart Indoor Garden Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Overview:
The research report on the Smart Indoor Garden market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Smart Indoor Garden business sphere.
Key Objectives of the Report:
- Analysis and estimation of the Smart Indoor Garden market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Indoor Garden market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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