About Smart Potted Plant
Smart potted plants are based on a sensor system that is installed on the pot. Smart pots are an excellent alternative to traditional pots as it helps for the development of healthy roots and proper growth of the plant through aeration. Smart potted plants work through a USB plug-in sensor to monitor and control plant growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Potted Plant market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AeroGarden (Netherlands), Aspara (United States), VegTrug (United Kingdom), Sprout Home (United States), Ava Byte (Canada), Plantui (Finland) and Edntech (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Smart Potted Plant market by Type (Ornamental Plants and Edible Vegetable Plants), Application (Business Use, Residential and Others) and Region.
On the basis of geography, the market of Smart Potted Plant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Smart Potted Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Household will boost the Smart Potted Plant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Focus on the Designing and Development of IoT Based Smart Pot System
Market Growth Drivers:
Surging Demand of Plants for Home and Office Decoration and Air Purification
Challenges:
The Plant Containers Don’t Have a Drainage Hole, Which Can Drown the Plants’ Roots
Restraints:
High Cost of Smart Potted Plants Compared to Others May Limit the Adoption
Opportunities:
Implementation of Smart Potted Ornamental Plants for Decoration in Hospitality and Corporate Offices
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Smart Potted Plant Manufacturers, Suppliers and Distributors, Botanical Industry, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.