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Smart Vase Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2031
According to the latest research by Future Market Insights, the smart vase 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.
What is Driving Demand for Smart Vase?
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.
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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.
Factors that Likely to Augment Smart Vase Sales
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.
Impact of Covid- 19 on Smart Vase Market
The COVID-19 pandemic had three effects on the global economy: direct effects on production and demand, supply chain and market disruption, and financial losses to enterprises. Prior to the COVID-19 pandemic, global demand for smart devices was growing at a gradual pace. Major worldwide markets have encountered major impacts as a result of the pandemic.
Major economies supply chains, such as China's and the United States, have suffered large decreases. There has been a drop in home building projects as well as the temporary closure of many manufacturing facilities as a result of Covid 19.
Furthermore, the smart flowerpot business has been hampered by a lack of personnel in the field, lower consumption, high production costs, and a scarcity of raw materials, among other factors. Also, the changing consumer buying habit impacts the market growth.
Who are the Key Manufacturers and Suppliers of Smart Vase?
Some of the leading manufacturers and suppliers of smart flowerpots include
- Smart Pot.
- Indiegogo, Inc.
- FUNNYFISH DESIGN
- Forma & Cemento
- Xiaomi
- Autodesk, Inc.
- Room Professional Simplifi-er Store
- Meredith Corporation
- MXYZJCD Garden Store
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