Recently, Allied Market Research published a report on the smart indoor garden systems market which classifies the industry based on type, technology, and end user. The study provides a detailed segmental analysis in which each segment is analyzed thoroughly to help companies make the right investment decisions. Furthermore, the report also features the competitive scenario of the sector using analytical tools such as Porter’s five forces.
As per the AMR report, the smart indoor garden systems market is expected to gather a revenue of $176,559.1 thousand by 2027. The industry accounted for $105,627.0 thousand in 2019 and is projected to rise at 8.4% CAGR during 2020-2027. The increasing pace of construction activities in developing countries including Brazil, India, China, and South Africa is expected to be the primary factor influencing the growth of the sector. Additionally, the rising disposable income of people across the globe is predicted to contribute to the expansion of the market.
Regional Analysis
The AMR report provides a comprehensive regional analysis of the market wherein the socioeconomic, cultural, administrative, and demographic factors influencing the growth of the industry in a region are studied. The major provinces covered in the report include North America, LAMEA, Europe, and Asia-Pacific.
In the case of the smart indoor garden systems industry, the North America region held the highest revenue share in 2019 and is anticipated to experience significant growth by 2027. However, the province across Asia-Pacific is predicted to have the largest market share in the coming period. The growing pace of urbanization in metropolitan cities, industrial towns, and other urban areas has increased the number of construction activities in developing countries such as India and China. This has led to a growth in the demand for smart indoor garden systems, thus creating new investment opportunities in the industry.
Futuristic Trends Emerging in the Industry
The advent of advanced technologies such as AI, IoT, automation, data analytics, etc., has revolutionized the smart indoor garden systems industry. These high-tech systems utilize sensors to track various parameters such as temperature, sunlight exposure, pH level, soil moisture, etc. These variables can then be controlled remotely using IoT-enabled devices to suit the vegetation and herbs that are planted. Furthermore, robotic solutions are also being deployed to perform repetitive tasks such as sowing, watering, weed removal, etc., to free up labor for more important and productive work.
Key Players Profiled in the Market Report
To help new entrants in the industry, the AMR report also studies the strategies adopted by multinational giants to gain a competitive advantage over their peers. The top companies profiled in this report include:
Aero Farms
CityCrop Ltd.
Grobo Inc.
Agrilution GmbH
Click & Grow
Plantui Oy
AVA Technologies Inc.
EDN Inc.
SproutsIO Inc.
BSH Hausgeräte GmbH (Robert Bosch Stiftung GmbH)
To conclude, the AMR study on the smart indoor garden systems market provides actionable data and market intelligence on various aspects of the market. The segmental and regional analyses offered in this report help companies understand the evolving dynamics of the sector and formulate their strategies accordingly.
For More Information:
https://www.alliedmarketresearch.com/smart-indoor-garden-systems-market-A09426
