Global Smart Indoor Gardening System Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The smart indoor gardening system market, valued at $2.16 billion in 2023, will reach $2.3 billion in 2024, growing at a CAGR of 6.8%. Rising innovation and demand for better yields contribute to this growth. Forecasts indicate growth to $2.89 billion by 2028, driven by AI-based systems and urbanization trends, alongside technological advancements and strategic collaborations.
The smart indoor gardening system market is witnessing growth due to the rise in gardening activities. With households spending more on gardening and a higher participation rate, the demand for smart indoor gardening systems is increasing.
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What Are The Key Trends That Influence Smart Indoor Gardening System Market Share Analysis?
Technological advancements are becoming increasingly popular in the smart indoor gardening systems market. Major companies in this market are integrating new technologies to maintain their market position. For example, in December 2021, LG Electronics Inc., a South Korea-based electronics company, introduced the LG Tiiun, an advanced smart indoor gardening system. This innovative tool leverages LG’s technological expertise to offer a straightforward and automated plant cultivation process. It features adjustable temperature control and optimized lighting for accelerated plant growth. The transparent door allows observation while maintaining airtight sealing and consistent temperature. Users can remotely monitor and control settings via the ThinQ app, receiving alerts for water tank refills.
Which Market Players Are Driving Growth In The Smart Indoor Gardening System Market?
Major companies operating in the smart indoor gardening system market report are 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.
How Is The Global Smart Indoor Gardening System Market Segmented?
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
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The Smart Indoor Gardening System Global Market Report 2024 provides an overview of the smart indoor gardening systemmarket 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 Template Market Growth Rate
4. Key Smart Indoor Gardening System Market Trends
5. Major Smart Indoor Gardening System Market Drivers
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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
29. Appendix
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