Region wise, the market of smart indoor garden systems is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Hence, such factors provide lucrative opportunities for the market growth. Such expansion and setup plans for new cities boost the demand for residential real estate amongst investors, which, in turn, will fuel the growth of the market.
For example, the Government of South Korea has decided to develop two new towns to balance development in Gangnam and Gangbuk areas. It is basically a soil-free pod with advance self-watering systems.īy end user, the residential segment garnered the largest share in the smart in 2019, and is expected to grow at a CAGR of 8.7% during the forecast period, owing to increase in residential construction activities around the globe. In addition, many companies are involved in the development of the self-watering smart indoor gardening systems, which notably contributes toward the growth of the global market.įor instance, in August 2020, Canada based firm AVA Technologies launched Byte, an self-watering smart indoor gardening system. On the basis of technology, the self-watering segment is anticipated to grow rapidly, during the forecast period due to surge in urban population and rise in residential and commercial construction projects.
This is attributed to the fact that floor garden offers better space allocation, as smart indoor plant systems require about 20% less space. Download Free Sample Report with Updated Pages Points of the Market:ĭepending on type, the floor garden segment garnered the largest smart indoor garden systems market share in the in 2019, and is estimated to register a CAGR of 8.2% during the forecast period.
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