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Smart Indoor Garden Systems Market Growing at a CAGR of 8.4% to Reach $176,559.1 Thousand by 2027

08-23-2021 10:45 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Smart Indoor Garden Systems Market

Smart Indoor Garden Systems Market

Factors such as rise in urbanization coupled with increase in disposable income in the developing countries such as India, China, Brazil, Indonesia, and Vietnam drives the residential and commercial construction activities, which, in turn, is expected to fuel the growth of the global market. On the contrary, unfavorable climate conditions is one of the major restraints of the smart indoor garden systems market. Conversely, technological advancements in smart indoor garden systems is expected to provide lucrative opportunities in near future.

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The global smart indoor garden systems market size was valued at $105,627.0 thousand in 2019, and is projected to reach $176,559.1 thousand by 2027, registering a CAGR of 8.4% from 2020 to 2027.

Increase in construction activities in the developing countries, such as India and China drives the growth of the market. For instance, China planned to spend $13 trillion on construction building by 2030, which expected to contribute toward the growth of the global smart indoor garden systems market. In addition, increase in trend of indoor gardening among people globally is another factor driving the growth of the market.

Top 10 Key Market Players

Aero Farms
Agrilution GmbH
AVA Technologies Inc.
BSH Hausgeräte GmbH (Robert Bosch Stiftung GmbH)
CityCrop Automated Indoor Farming Ltd
Click & Grow LLC
EDN Inc.
Grobo Inc.
Plantui Oy
SproutsIO Inc.

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Key Market Players

By Type

Floor Garden
Wall Garden

By Technology

Self-watering
Smart Sensing
Smart Pest Management

By End-User

Residential
Commercial

By Region

North America
Europe
Asia-Pacific
LAMEA

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Contact:
David Correa
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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