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reportoceanApril 18, 2021
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. The smart indoor gardening system is an indoor gardening kit, which allows users to grow plants in closed environment with high nutrition without any use of pesticides. It is integrated with IoT-based smart watering and sensing system and lighting system to facilitate photosynthesis.
Expansion of the construction sector, rise in greenhouse effect, and increase in disposable income are the key driving forces of the global smart indoor garden systems market. However, the availability of substitutes and unfavorable climate conditions have negatively impacted the market revenue. Conversely, technical advancements in smart indoor garden systems are anticipated to offer lucrative growth opportunities for the market players during the forecast period.