Hydroponics - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Hydroponics Market is accounted for $7.60 billion in 2019 and is expected to reach $21.54 billion by 2027 growing at a CAGR of 13.9% during the forecast period. Hydroponic systems help conserve natural resources which is the major factor driving the growth of the market. However, the high capital investment for large-scale farms is hampering the growth of the market.
Technology is used to grow crop production without soil and nutrient-rich solutions. Plants are grown in the mineral nutrient solution and soil-less conditions known as hydroponics. Traditionally, crops were grown in a particular climate condition but in hydroponics, they are grown in the controlled environment system. Hydroponics uses two methods to grow crops as solid medium culture and solution culture. However, solution culture is gaining popularity across the world.
Based on the equipment, the heating, ventilation & air conditioning (HVAC) segment is anticipated to hold considerable market share during the forecast period as it plays a key role in the development of indoor growers, as the system is accountable for cooling, dehumidification, and preserving the optimal temperature inside the facility. HVAC systems are necessary for the operation of hydroponic and aeroponic farms and should be reliable and well-controlled.
By geography, Europe is expected to grow at a significant market share during the forecast period as it highly adopts hydroponic smart greenhouse horticulture. Countries such as Spain, the Netherlands, and France have huge areas under greenhouse farming. However, in the Netherlands, the growers mainly plant their plants in simple tunnel-like greenhouses without the use of climate control technologies.
Some of the key players profiled in the Hydroponics Market include AMHYDRO, Argus Control Systems Limited, Heliospectra AB, Green Sense Farms Holdings, Inc., Freight Farms, Terra Tech Corp., LumiGrow, Signify Holding, Emirates Hydroponics Farms, AeroFarms, Hydrodynamics International Inc, Circle Fresh Farms, Kubo Group, Hortisystems Uk, and Bright Farms Inc.
Crop Types Covered:
• Flowering and Foliage
• Aggregate System
• Liquid Hydroponics
• Light-Emitting Diode (LED) Growing Lights
• Irrigation System
• Heating, Ventilation & Air Conditioning (HVAC)
• Control Systems
• Material Handling
• Growing Chamber
• Submersible Pump
• Delivery System
• Communication Technology
• Growth Media
• Natural and Organic Hydroponic Solutions
• Conventional/Inorganic Hydroponic Solutions
Farming Types Covered:
• Outdoor Farming
• Indoor Farming
Distribution Channels Covered:
Crop Areas Covered:
• 10000-50000 Square feet
• 5001-10000 Square feet
• 1000-5000 Square feet
• Up 1000 Square feet
End Users Covered:
• 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
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- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
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