Global Smart Indoor Garden Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Based on technology, the smart sensing segment is expected to the largest share in the market during the forecast period. The rising demand for smart sensors that take care of oxygen, water, and other essential nutrients is required by the plants. On the basis of type, a small garden is expected to surge the market growth during the forecast period owing to the rising demand for indoor gardening systems. It enables a user to plant an indoor garden in a small space with a healthier outcome is a major driving factor of the market.
Major driving factors of the market are growing urbanization, increasing requirements for saving time money, and the environment. The growing usage of IoT and the rising demand for food are propelling the market growth. Growing investment in RD is expected to fuel the market growth positively. Smart indoor gardening's popularity is growing owing to it provides solutions, which are easy, soil-free, and user-friendly.
In addition, the welfare of the smart indoor garden such as fresh foods, vegetables, and cost-efficiency are other driving factors of the market growth. However, the huge initial investment acts as a restraint to the market. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, it provides expected opportunities for the market.
In terms of region, North America is expected to hold the largest share in the market during the forecast period owing to rising concerns regarding fresh vegetables in consumers and growing technological advancements in this region.
Increased GDP, changing standards of living, and increased usage of smart technologies in consumers are other driving factors of the market in the region.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Key players studied, analyzed, profiled, and benchmarked in Smart Indoor Garden Market are Sprouts IO. AVA Technologies Inc. EDN Inc., Click and Grow, Grobo Inc., and Aero Farms.
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The Scope of the Report for Smart Indoor Garden Market: Inquire before buying
Global Smart Indoor Garden Market, by Type
• Small Garden
• Wall Garden
Global Smart Indoor Garden Market, by Technology
• Smart Sensing
• Smart Pest Management
Global Smart Indoor Garden Market, by Region
• North America
• Middle East Africa
• South America
Key Players Operating in the Smart Indoor Garden Market
• Sprouts IO
• AVA Technologies Inc.
• EDN Inc.
• Acticheck Ltd
• Grobo Inc.
• Click and Grow
• Grobo Inc.
• Natufia Labs
• BSH Hausgerate GmbH
• CityCrop Automated Indoor Farming Ltd,
• Aero Farms
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