Smart Indoor Garden Systems Market 2022-2028
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発行: Orion Market Research
Title:Global Smart Indoor Garden Systems Market Size, Share & Trends Analysis Report by Type (Wall Garden, Floor Garden), by Technology (Smart Sensing Technology, Smart Pest Management Technology, and Self-Watering Technology), and by End-Use (Residential, and commercial) Forecast Period (2022-2028).
The global smart indoor garden systems market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. A smart indoor garden system aids in providing effective gardening solutions and combines small farming units with innovative technologies. The increase in the trend of indoor gardening as a popular hobby among people is a major factor driving the growth of the smart indoor garden systems market. The growth of indoor gardens in interior design is increasing its adoption among homeowners for indoor aesthetics. People are inclining toward the adoption of exotic styles of interior design which is increasingly making it popular in homes, retail stores, and the hospitality sector. Furthermore, the increasing trend of indoor gardening is encouraging companies to provide an indoor smart garden that can enhance the aesthetics in a drawing-room, kitchen, or workplace. For instance, in April 2021, French startup Pret a Pousser announced the launch of Nano Garden which is an indoor smart garden that allows consumers to grow long-lasting flowers in a living room, kitchen, or office. Nano Garden uses patented hydroponic technology, an app-enabled grow light, and an all-in-one plant pod to allow gardening within everyone's reach. Pret a Pousserallow individuals to grow flowers themselves and indoors, without the need for gardening gloves and potting soil.
The global smart indoor garden systems market is segmented based on type, technology, and end-use. Based on the type, the market is segmented into wall gardens, and floor gardens. Based on the technology, the market is sub-segmented into smart sensing technology, smart pest management technology, and self-watering technology. Further, based on the end-use the market is categorized into residential, and commercial. Among the end-use, the residential segment is anticipated to cater to prominent growth over the forecast period. The growth of smart indoor garden systems in the residential segment is majorly attributed to consumers' inclination towards plant-based diets and sustainable food practices. People are inclining toward indoor garden systems to enjoy the benefits of homegrown herbs, vegetables, and household plants. Moreover, the rapidly growing smart and green building with fascinating interior design globally is another factor driving the segment growth. Owing to this increasing demand, manufacturers are inclining their efforts towards manufacturing compact, easy-to-use, countertop versions of the smart growing system. For instance, Rise Gardens released a countertop version of its farm in November 2020. The device, named The Personal Rise Garden, can grow "8+ plants and can be harvested in as little as 25 days. The Personal device is a smaller version of Rising's multi-shelf smart garden that uses nutrient-enriched water and LED lighting to hydroponically grow leafy greens and herbs.
Geographically, the global smart indoor garden systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is anticipated to hold a considerable share in the global smart indoor garden systems market owing to increasing construction activities in developing countries such as India and China. For instance, China is expected to spend nearly $13 trillion on buildings by 2030, which is expected to contribute to the growth of the global smart indoor garden systems market. Moreover, the region is observing quick adoption of smart indoor gardening systems due to growing smart city projects and rapid urbanization in this region. Such factors are anticipated to encourage the popularity of smart indoor garden systems.
The major companies serving the global Smart Indoor Garden Systems market include Agrilution Systems GmbH, BSH Hausgerate GmbH, CityCrop Automated Indoor Farming P.C, Click & Grow EU, Rise Gardens LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, BSH Home Appliances launched the new model of their pioneering Bosch Smart Indoor Gardening solutions, SmartGrow Life. Through this global launch of solutions, BSH and Iris developed a comprehensive campaign driven by digital and social media as well as e-commerce, including seasonal ideas and toolkits. Additionally, in April 2020, BSH chose Iris Germany as a strategic and creative agency for its innovative Smart Indoor Gardening product family.
The market study of the global smart indoor garden systems market is incorporated extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: