The Smart Indoor Gardening System Global Market Report 2023, provides comprehensive information on the smart indoor gardening system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Smart Indoor Gardening System Global Market Report 2023, the global smart indoor gardening system market is expected to grow from $2.02 billion in 2022 to $2.16 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The smart indoor gardening system market is expected to reach $2.72 billion in 2027 at a CAGR of 5.9%.
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Technological advancements are a key trend gaining popularity in the smart indoor gardening systems market. Major companies operating in the smart indoor gardening market are adopting new technologies to sustain their position in the market. For instance, in December 2021, LG Electronics Inc., a South Korea-based electronics company, launched LG Tiiun, a state-of-the-art smart indoor gardening system. This contemporary tool utilizes LG’s technology expertise to provide a simple and automated plant cultivation process with adjustable temperature control and optimized lighting for faster growth. LG Tiiun’s internal structure enhances photosynthesis efficiency, aided by the powerful LED light source, promoting speedier plant growth. The transparent door allows observation while maintaining airtight sealing and a consistent temperature. Users can monitor and control settings remotely via the ThinQ app, receiving notifications for water tank refills.
The smart indoor gardening system market 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
North America was the largest region in the smart indoor gardening system market in 2022.
The table of contents in TBRC’s smart indoor gardening system market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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