Press release
Smart Indoor Gardening System Market Expected to Achieve 5.8% CAGR by 2029: Growth Forecast Insights
Smart Indoor Gardening System Market
How Large Will the Smart Indoor Gardening System Market Size By 2025?
There has been robust growth in the market size of the smart indoor gardening system in recent times. Its projection to escalate from $2.21 billion in 2024 to $2.33 billion in 2025, signifies a compound annual growth rate (CAGR) of 5.3%. The expansion in the past period is attributable to the rising innovation in smart indoor gardening systems, growth in the global interior designing industry, heightened demand for improved harvests, advancements and the evolution of more innovative farming methods and goods, along with the growing adoption of pioneering technologies like IoT and AI.
How Big Is the Smart Indoor Gardening System Market Size Expected to Grow by 2029?
Forecasted to see robust expansion in the coming years, the smart indoor gardening system sector's market size is predicted to increase to $2.92 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.8%. Such growth in the projection period can be associated with the introduction of AI and IoT-based smart indoor gardening systems, swift urbanization and digitization in developing countries, increasing consumer comprehension and endorsement, trends in interior design, and rising disposable income. Key trends in the predicted period encompass smart soil and smart light technologies, technological progress, strategic alliances, innovative products, major players' collaborations, and the integration of wireless connectivity along with sensor-based technologies.
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Which Key Market Drivers Powering Smart Indoor Gardening System Market Expansion and Growth?
The surge in gardening activities is anticipated to boost the smart indoor gardening system market's growth in the future. Gardening activities entail a variety of tasks and responsibilities associated with nurturing and maintaining plants in both outdoor and indoor areas. Responding to the rising enthusiasm for indoor gardening, smart indoor gardening systems offer automated functions and ideal conditions for thriving plant growth. For example, as per a report issued by the National Gardening Association, a non-profit organization based in the US, in April 2023, the average household expenditure on lawn and gardening-related activities was $616 in 2022, reflecting an increase of $74 from the previous year. Furthermore, in 2022, the involvement rate in lawn and gardening activities hit a five-year high, with 80% of households participating in these activities. Thus, the escalating gardening activities are fueling the expansion of the smart indoor gardening system market.
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Which Fast-Growing Trends Are Poised to Disrupt the Smart Indoor Gardening System Market?
Leading corporations in the smart indoor gardening system market are prioritising the creation of innovative products, such as real-time monitoring systems that aid users in watering their plants only when needed. Real-time monitoring provides continuous data examination as it emerges, facilitating immediate feedback and actions. For example, in October 2024, Third Reality Inc., a Chinese smart home technology firm, introduced the Smart Soil Moisture Sensor. This device aims to improve plant care and water conservation through intelligent monitoring. The advanced smart soil moisture sensor is crafted to assist gardeners in tracking soil moisture content and cuts down unnecessary watering. It boasts a durable, waterproof design making it suitable for indoor and outdoor usage. The sensor can be easily integrated with Zigbee-enabled smart home systems for simple control through smartphone applications or voice-controlled assistants. Users are alerted when moisture levels decrease, which supports effective plant care and saves water.
What Are the Emerging Segments in the Smart Indoor Gardening System Market?
The smart indoor gardening system market covered in this report is segmented -
1) By Type: Floor Garden, Wall Garden
2) By Technology: Self-Watering, Smart Sensing, Smart Pest Management, Other Technologies
3) By End-Use: Residential, Commercial
Subsegments:
1) By Floor Garden: Vertical Floor Garden, Container Floor Garden
2) By Wall Garden: Vertical Wall Garden, Pocket Wall Garden
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Who Are the Global Leaders in the Smart Indoor Gardening System Market?
Major companies operating in the smart indoor gardening system market include Robert Bosch GmbH, Plenty Unlimited Inc., AeroFarms, Gardyn Inc., BSH Hausgerate GmbH, BrightFarms Inc., Click & Grow LLC, CityCrop Automated Indoor Farming Ltd, IGWorks Inc., Living Greens Farm Inc., Bowery Farming Inc., Agrilution Systems GmbH, AVA Technologies Inc., Plantui Smart Garden LLP, Gotham Greens LLC, Homecrop, EDN Inc., Grow Smart Greens, Rise Gardens Inc., Nutritower Inc., Urban Cultivator, Greenjoy Production Inc., Root Farm Ltd., VegeBox, Greenery Unlimited, AquaSprouts Inc., Ingarden Inc., Farmshelf Corporation, idoo, Lettuce Grow.
Which are the Top Profitable Regional Markets for the Smart Indoor Gardening System Industry?
North America was the largest region in the smart indoor gardening system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart indoor gardening system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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