Smart Indoor Garden Systems Market Global Outlook 2027

The global smart indoor garden systems market size was valued at $105,627.0 thousand in 2019, and is projected to reach $176,559.1 thousand by 2027, registering a CAGR of 8.4% from 2020 to 2027. 

Factors such as rise in urbanization coupled with increase in disposable income in the developing countries such as India, China, Brazil, Indonesia, and Vietnam drives the residential and commercial construction activities, which, in turn, is expected to fuel the growth of the global market. 

On the contrary, unfavorable climate conditions is one of the major restraints of the smart indoor garden systems market. Conversely, technological advancements in smart indoor garden systems is expected to provide lucrative opportunities in near future.   

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Depending 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. This is attributed to the fact that floor garden offers better space allocation, as smart indoor plant systems require about 20% less space. 

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. 

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. For instance, in August 2020, Canada based firm AVA Technologies launched Byte, an self-watering smart indoor gardening system. It is basically a soil-free pod with advance self-watering systems. 

Region wise, the market of smart indoor garden systems is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor in 2019, however, Asia-Pacific is expected to exhibit the highest CAGR from 2020 to 2027.

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