According to a new study by Polaris Market Research, the global smart indoor gardening systems market size is expected to reach USD 3.22 billion by 2030.
The significant factors such as rising number of technological developments in green technologies, rising concerns over climate change, and shifting consumer preference to save space are expected to boost the growth of the industry globally. Additionally, changing interior design trends across countries are believed to present huge opportunities for growth. The benefits offered by indoor gardening systems to improve plant health while reducing human effort will further increase the demand from the industry in the coming years.
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On the basis of technology, the self-watering segment is dominating the global industry and is expected to dominate the market during the forecast period. The growth of the segment can be attributed to the huge demand for automated plant watering systems as they provide a hassle-free plant growing experience and are extremely popular among people who have busy schedules. While the pest control segment is expected to witness the highest CAGR during the forecast period. The use of IoT (Internet of Things) has enabled pest control techniques to prevent infection in all weather conditions and provide users with structural views, information access and pest alerts that should boost segment growth.
Increasing urbanization and digitalization in emerging economies such as India, China, and Japan, among others, are expected to drive demand for the industry. Additionally, the growing attention to interior aesthetics owing to the rising per capita income of the people is expected to boost the growth of the industry. The increasing construction of green buildings and buildings in developed countries is expected to provide various lucrative opportunities for the development of the global industry in the near future.
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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 major players operating in the global market.
There are various industry vendors showcasing their innovations in the global industry to strengthen their geographic footprint. Additionally, companies are launching collaborative initiatives to expand their global presence. Companies engage in research and development activities to deploy more efficient and cost-effective products. For example, in December 2021, LG Electronics launched its new modern freestanding gardening device called LG Tiiun. This device can be used to grow flowers, vegetables and herbs. The company’s offerings provide all the benefits of a full garden without the hassle of adverse weather and the worries of pests.
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Polaris Market Research has segmented the Smart Indoor Gardening Systems Market report on the basis of Type, Technology, End-Use, and Region:
Smart Indoor Gardening System, Outlook Type (Revenue – USD Billion, 2018 – 2030)
• Ground floor
• Wall garden
Smart Indoor Gardening System, Technology Outlook (Revenue – USD Billion, 2018 – 2030)
• Pest control
Smart Indoor Gardening System, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
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