Understand How The Smart Indoor Gardening System Market Is Set To Grow In Through 2023-2032
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Growing green thumbs with technology, smart indoor gardening systems are blossoming in the global market. In this blog, we’ll explore how this industry is set to flourish, nurturing both plants and the gardening community.
The Smart Indoor Gardening Market Growth
- 2023 Projections: The global smart indoor gardening system market is expected to increase from $2.02 billion in 2022 to $2.16 billion in 2023, boasting a Compound Annual Growth Rate (CAGR) of 6.9%. What’s on the horizon? By 2027, the market is set to reach $2.72 billion, growing at a CAGR of 5.9%.
Nature Indoors: Gardening on the Rise
The ever-increasing trend of gardening activities is one of the driving forces behind the smart indoor gardening system’s growth. Gardening isn’t just a hobby; it’s a way to connect with nature, even indoors. Smart indoor gardening systems cater to this growing interest by offering automation and optimized environments for successful indoor plant cultivation.
- Green Thumb Surge: According to a report by the National Gardening Association, in 2022, the average household spent $616 on lawn and gardening activities, a $74 increase from the previous year. Gardening participation reached its highest level in five years, with 80% of households participating in gardening activities.
Market Leaders: The Faces Behind the Blooms
Leading the charge in this blooming market are companies like Robert Bosch GmbH, Plenty Unlimited Inc., AeroFarms, and many more. These companies are driving innovation in the world of smart indoor gardening.
- Technological Marvels: Companies like LG Electronics Inc. are pushing the envelope by introducing cutting-edge smart indoor gardening systems. LG’s LG Tiiun offers adjustable temperature control, optimized lighting, and remote monitoring via the ThinQ app.
Nurturing Growth: Market Dynamics
The market is categorized by factors such as product type, technology, and end-users, catering to different needs and preferences. With innovations such as floor and wall gardens and technologies like self-watering and smart sensing, consumers have a variety of options to choose from.
- Segmentation: The market is categorized by type (floor garden and wall garden), technology (self-watering, smart sensing, smart pest management, and others), and end-use (residential and commercial).
Growth Spreading Globally: Market Trends
While North America leads the smart indoor gardening system market in 2022, Asia-Pacific is set to experience significant growth in the coming years. As the global gardening community continues to expand, the smart indoor gardening market is evolving to meet their diverse needs.
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The Smart Indoor Gardening System Global Market Report 2023 provides an overview of the smart indoor gardening system market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The smart indoor gardening system market forecast analyzes smart indoor gardening system market size, smart indoor gardening system market share, leading competitor and their market positions.
The Table Of Content For The Smart Indoor Gardening System Market Include:
1. Smart Indoor Gardening System Market Executive Summary
2. Smart Indoor Gardening System Market Segments
3. Smart Indoor Gardening System Market Size And Smart Indoor Gardening System Market Growth Rate
4. Key Smart Indoor Gardening System Market Trends
5. Major Smart Indoor Gardening System Market Drivers
25. Key Mergers And Acquisitions In The Smart Indoor Gardening System Market
26. Top Smart Indoor Gardening System Companies
27. Smart Indoor Gardening System Market Opportunities And Strategies
28. Smart Indoor Gardening System Market, Conclusions And Recommendations
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