One of the primary factors driving the growth of the smart indoor gardening system market is the shift in interior design trends throughout the world. The rise in demand for exotic building modes and green technologies, as well as an increase in customer choice for improving the aesthetics of residential and commercial spaces, are propelling the smart indoor gardening system market forward.
At a compound annual growth rate of 13.5%, the size of the worldwide Smart Indoor Gardening Systems market is projected to reach USD 122.3 billion in 2030.
Covid-19 Impact & Market Status
Over the previous 18 months, almost every industry in the world has suffered a setback. This can be ascribed to severe interruptions in their respective production and supply-chain activities as a result of different precautionary lockdowns and other limitations imposed by governments all over the world. The worldwide Smart Indoor Gardening System Market is no exception. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential costs from their budgets since the overall economic situation of most people has been badly impacted by the epidemic. Over the forecast period, the aforementioned factors are likely to weigh on the worldwide Smart Indoor Gardening System Market's revenue trajectory. The worldwide Smart Indoor Gardening System Industry market is predicted to revive as regional regulatory agencies begin to abolish these imposed lockdowns.
Small Garden to take a lead
Another popular trend is a container and small-space gardening, which is perfect for people who live in more urban areas with limited acreage. Herb gardens and hanging gardens are examples of small-space gardening. These well-liked alternatives are also simple and quick to apply.
Smart Indoor Gardening System Market to flourish in North America
In North America, demand for smart indoor gardening has been increasing at a rapid pace. This is due to the presence of a thriving interior design sector in the area. Furthermore, in recent years, the need for better gardening has fueled the expansion of the market for smart indoor gardening. Due to rising urbanisation in countries such as India and China, Asia-Pacific is expected to dominate the market during the projection period. As a result, demand for residential real estate is predicted to rise, propelling the smart indoor garden systems market in emerging nations' main cities. Factors such as increased disposable income, rising injury rates, and better healthcare infrastructure will all contribute to the Smart Indoor Gardening System market's lucrative growth possibilities in the Asia-Pacific region.
The term "smart indoor gardening system" refers to a system that uses cutting-edge technology to cultivate fresh herbs, fruits, and flowers indoors. The technique helps indoor gardening kits develop quicker and more nutritiously without the need for hormones, pesticides, or other dangerous chemicals. Smart soil is used in this method to guarantee that the plants in the indoor garden get the right quantity of water, nutrients, and oxygen.
The Smart Indoor Gardening System is an easy-to-use indoor gardening system that eliminates the need for filthy soil. Seeds are contained within biodegradable, nutrient-rich plant pods that simply snap into place in the unit. The water reservoir is then filled when the item is plugged in and connects to your Wi-Fi. The indoor gardening system is also utilised to treat patients, which is expected to drive market expansion in the next years.
The ability of smart indoor gardening systems to allow users to grow indoor gardens in fewer areas with better results is proving to be a key industry driver. Furthermore, rapid urbanisation and digitization have increased the adoption of smart homes, as well as an increase in demand for IoT-based smart home garden watering systems and an increase in disposable income, all of which have a positive impact on the smart indoor gardening system market.
On the other hand, the smart indoor gardening system market's growth is projected to be hampered by the high initial investment required for high-quality containers. In the forecast period, the smart indoor gardening system market is expected to face challenges due to a lack of knowledge.
Apart from gardening's appeal, the adoption of exotic interior design trends has also fueled the global market for smart indoor gardening systems. Furthermore, various innovative and superior indoor gardening methods have emerged, propelling market demand even higher. The global market for indoor gardening systems is expected to grow in tandem with improvements in the field of green interior design.
In recent years, demand in the worldwide smart indoor gardening market has risen at an exponential rate. This is due to the existence of a well-developed architectural sector in numerous geographic areas. Furthermore, the existence of significant suppliers of smart indoor gardening facilities suggests that the global smart indoor gardening market has a lot of room for expansion.
The major players covered in the smart indoor gardening system market report are EDN, Inc., AVA Technologies Inc., Grobo, CLICK & GROW LLC, AeroFarms, SproutsIO, Acticheck Ltd, Agrilution, CityCrop Automated Indoor Farming, PLANTUI OY, Grow Smart Greens, IEEE, Springer Fachmedien Wiesbaden GmbH, theleaflandscape, Homecrop, Tower Garden.
The industry is also being fueled by the increased usage of smart indoor gardening systems integrated with AI-based home gadgets like Alexa, Google Home, and Amazon Echo. Aside from that, the growing integration of smart indoor gardens with digital monitoring systems has made it possible to obtain remote data on plant development and nutrient levels. Extensive R&D in the area relating to the creation of advanced smart indoor gardens with wireless connections and sensor-based monitoring systems is likely to fuel market expansion.
Furthermore, in recent years, the need for exotic building modes and green technologies has aided the worldwide market's expansion. As new interior design technologies gain popularity, the dynamics of the worldwide smart indoor gardening market are likely to improve.
Smart Indoor Gardening Systems Market Scope
|Revenue forecast in 2030
|USD 122.3 billion
|CAGR of 13.5% during 2020-2030
|Facility Type, Component, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Argus Control Systems Ltd.,,Certhon,,Richel Group,,Netafim,,General Hydroponics,,Hydrodynamics International,,Illumitex,,Lumigrow
Key Segments of the Smart Indoor Gardening Systems Market
Product Type Overview, (USD Billion)
- Small Garden
- Wall Garden
Deployment Overview, (USD Billion)
- Self – Watering
- Smart Sensing
- Smart Pest Management
End-User Overview, (USD Billion)
Regional Overview, (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa