The smart vase market is predicted to expand to a valuation of USD 1,109.45 million in 2023 and is poised to exhibit a CAGR of 4.1% from 2023 to 2033 to reach USD 1,706.52 million in 2033.
As per Future Market Insights' latest studies, the smart vase market is expected to grow steadily over the forecast years. Customers' preference for stylish and alluring vases to decorate in residences, especially furniture and wood floors, expands the industry.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 1,109.45 million |
| Anticipated Forecast Value (2033) | USD 1,706.52 million |
| Projected Growth Rate (2023 to 2033) | 4.1% CAGR |
The popularity of smart vases is increasing as homes become smarter with the addition of smart technologies and sophisticated automated systems. With this pattern, participants may be able to expand their brand portfolio to include an automated approach for making flower pots smart.
Millennials' preference for home plants has also fueled the industry for smart flower vases during the forthcoming years. People's desires encourage market players to include Bluetooth connections in their product lines.
MXYZJCD Garden Store, for instance, introduced a Bluetooth audio smart vase of flowers colorful night light plastic vase touch plant melodies potted home furnishings items. This flower pot is linked to a Bluetooth connection with a 1200mAh battery backup. Touching the leaves simulates playing the piano. This characteristic entices millennials to buy a such smart vase.
Moreover, smart flower pots offer a variety of smart features, such as alerting the customers when the plant requires water, sunlight, or minerals. This vase is also linked to a smartphone application, which enables customers to modify the specifications using their smartphone or tablet. This has resulted in a strategic shift in the industry for the popularity of smart flowering pots and associated equipment.
Citizens in countries such as India, Bangladesh, Georgia, and Luxembourg, for example, cannot afford these smart flower vases because they are more expensive than traditional vases.
As a result, it is a good chance for manufacturers to engage in R&D and implement a smart vase in an industry at a sensible cost to establish an edge over their rivals.
The youngest generations are considered to be the most technically sophisticated. Because these centuries have experienced numerous technological breakthroughs, youths expect businesses to provide a wider range of products. Smart objects fascinate youngsters. Millennials are the development most participating in smart home technology.
Besides, people in the United States and Canada have high aspirations for the most recent and advanced technology. Thus these all factors are expected to contribute the North American market over the upcoming decades.
The popularity of home automation devices is rising markedly in European countries, attributed to urbanization. The burgeoning trend of urbanization improved people's living standards, leading Europeans to spend more on smart technologies for their homes and living spaces.
People utilize this smart flower pot as a gift for family, loved ones, colleagues, children, and parents. Furthermore, a Bluetooth speaker is included in the smart flower vase. That is why individuals enjoy this smart vase over a speaker with dual functions. As a result, revenues of the smart flowerpot are increasing in Europe.
The smart flower vase can alert the user to govern heat loss and solar gain felt by plants in homes by simply adjusting its place at set times throughout the day. Several more participants introduced a smart flowerpot that can efficaciously detect the plant's emotion, relying on the effectiveness of sunlight and heat, and increasing the efficiency of the warming, ventilation, and air conditioning equipment.
Mu Design, for instance, decided to introduce the Lüa smart planter, which displays 15 animated emotions focusing on how the plant feels. Furthermore, let us realize what your plants require to thrive. Based on temperature, soil humidity, and sun exposure, the detector in the vase displays accurate sentiments.
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According to the latest research by Future Market Insights, the smart flowerpot market is set to witness steady growth during the forecast period. Demand for smart flower vases will witness a steady recovery in the short term, with an optimistic growth outlook in the long run.
The market is increased by customer’s choice for the fancy and attractive vase to decorate in house, particularly furniture and wooden flooring.
The demand for the smart vase is more because nowadays houses are becoming smart with many smart products and advanced automation systems. With this trend, players can be enhancing their product portfolio to providing an automated solution to make flower pot smart.
Also, the inclination of millennials towards the home plant driven the market of smart flower vases during the forecast period. This interest of people encourages the players to add Wi-Fi, Bluetooth connections in their product offering.
For instance, MXYZJCD Garden Store launched Bluetooth audio smart flowerpot colourful night light plastic vase touch plant music potted home decoration accessories.
This flower pot is connected with the Bluetooth device having a 1200mAh power backup. This vase looks beautiful, fun and novel, and can plant vegetables and other real plants. Touching the leaves gives the effect of playing the piano. This feature attracts the millennials to purchase such smart flower pots.
Furthermore, Smart flower pots provide a wide range of connectivity features like when plant required water or sunlight or minerals this smart pot quickly response alerts the customer and also this vase is connected with the mobile application, which helps the consumer to adjust the requirements with their mobile phones and tablets. And this has a tactical change in the market for the adoption of smart flowering pots and related accessories.
Every people of the nations like India, Bangladesh, Georgia, Luxembourg etc. cannot afford these smart flowerpots because these are comparatively costlier than the conventional vase. So it is a good opportunity for the players to invest in the research and development sector and introduce a smart flower pot in a market at a reasonable price and gain a competitive advantage in the market.
The smart flower vase can ping the user to control heat loss and solar gain experienced feel by the plant in houses by just adjusting its position at fixed hours during the day. Many players launched a smart flowerpot that can effectively sense the emotion of the plant, depending on the efficiency of sunlight and temperature, and expand the heating, ventilation, and air conditioning system efficiency.
For instance, Mu Design introduced Lüa smart planter which shows 15 animated emotions based on the plant feel. Also, let to know what plants need to thrive. Sensor present in the vase shows accurate emotion based on temperature, soil's moisture and light exposure.
This vase is connected with the mobile application where users can select the type of plants and also customized settings according to their local weather conditions. The vase displays different emotions like if light exposer is not enough than vampire emotion will appear on the vase if the user forgets to water the plant than thirsty animation takes over and so many other emotion appears.
Such advance features present in the smart flowerpot gives the idea to other players to launch such smart pot and also encourage users to purchase such smart products.
The most technologically advanced generations are thought to be the youngest ones. Because these generations have witnessed several technological advancements, millennials expect firms to supply a greater choice of items. The younger generation is captivated by smart products. Millennials are the generation most interested in having smart technology in their homes.
They are also environmentally conscious and advocate for the usage of sustainable products. Teenagers are enthusiastic about lowering their carbon impact and promoting long-term sustainability. They are more likely to alter their behavior in order to lessen their carbon footprint or to support eco-friendly businesses.
Many players provide smart vase made with sustainable raw materials and are chemical and toxic-free. And also have a good battery backup which does not require a regular power connection. Such benefits attract the consumers to adapt to the advanced smart pots in the United States & Canada.
Furthermore, people of the USA and Canada having high aspirational values towards the latest new up-to-date advanced technology. And all aged group people adopt facilities which have led to the acceptance of the smart flowerpot in the regions.
Demand for home automation systems is growing significantly in European countries and the reason behind this growth is urbanization. The growing trend of the urbanization improved living standard of people, which led European to spend more on smart technologies for their houses and living spaces. Also, the rising per capita income of European people has raised spending on their houses as well as smart products including smart vase.
People also use this smart flower pot for the gift for, family, beloved, colleague, kids, parents etc. Moreover, in the smart flowerpot Bluetooth speaker is present. That is why people prefer this smart pot in place of the speaker which has dual work. In this way, the sales of the smart flowerpot are increases in Europe.
Some of the leading manufacturers and suppliers of smart flowerpots include
Pro players of the smart flowerpots are improving their penetration towards the digital ecosystem along with advanced technology mobilization and enriched asset connectivity. Enhanced products offering along with high-end technology helps in the growth of the market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Smart Vase Market
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