The all-encompassing report on the Smart Indoor Garden market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.
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.
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Growth of the smart indoor garden market is primarily driven by rapid urbanization combined with a rising focus on indoor aesthetics and benefits of indoor gardens. Furthermore, improving living standards as well as rising per capita spending on high-end interior decor are factors fueling demand for a deployment of smart indoor gardens. Moreover, rising health concerns about the use of growth-inducing chemicals in conventional crop farming is driving demand for organic food supplies grown in smart indoor gardens. Market is also fueled by increasing trend towards green and smart buildings with innovative interior design solutions.
It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Smart Indoor Garden through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
Top Companies Operating in the Smart Indoor Garden Market and Profiled in the Report are: 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 study aims to provide a forecast of the growth of the Smart Indoor Garden market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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)
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
Growing System Outlook (Revenue, USD Million, 2018–2030)
End Use Outlook (Revenue, USD Million, 2018–2030)
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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 report on the Smart Indoor Garden market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Smart Indoor Garden market for the forecast period from 2021 to 2028.
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The research provides answers to the following key questions:
What will be the growth rate of the Smart Indoor Garden market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
What are challenges and threats faced by the prominent vendors operating in the Smart Indoor Garden market?
Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
What are the past, present and emerging trends likely to influence the growth rate of the Smart Indoor Garden market for the forecast period, 2021 to 2028?
What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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