Aquaponics & Hydroponics Systems & Equipment - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Aquaponics & Hydroponics Systems & Equipment Market is accounted for $1.36 billion in 2019 and is expected to reach $4.95 billion by 2027 growing at a CAGR of 17.5% during the forecast period. Some of the factors such as increasing emphasis on food security and higher yields as compared with traditional farming are propelling the market growth. However, high cost of operations is hampering the market growth.
Aquaponics & hydroponics systems and equipments can be defined as a process of cultivation of plants and water animals. Hydroponics can be defined as growing of plants without the usage of soil but with added nutrients whereas aquaponics can be defined as integration of aquaculture and hydroponics where the waste from aquatic animals provide nutrients to plants and the plants naturally cleans or filter the water for aquatic animals.
Based on the equipment, the irrigation systems segment is estimated to have a lucrative growth during the forecast period. The hydroponic systems use drip irrigation which helps the plants to receive a balanced solution of nutrients.
By geography, Asia pacific is going to have a lucrative growth during the forecast period. Farmers and state government state bodies are investing in innovative farming solutions which are aiding the growth of this market region.
Some of the key players profiled in the Aquaponics & Hydroponics Systems & Equipment Market include AM Hydro, Aquaponic Lynx LLC, Argus Controls System Ltd, Backyard Aquaponics, Better Grow Hydro, Colorado Aquaponics, ECF Farmsystems, General Hydroponics, GreenTech Agro LLC, Hydrodynamics International, Hydrofarm, LivinGreen, My Aquaponics, Nelson & Pade Inc, and Pegasus Agriculture.
• Aeration Systems
• Heating Ventilation and Air Conditioning (HVAC)
• Irrigation Systems
• LED Grow Lights
• Deep-Water Culture Systems
• Ebb & Flow Systems
• Media Filled Grow Beds
• Nutrient Film Techniques (NFT)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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