Hydroponics Market size was valued at US$ 13.10 Bn. in 2023 and the total revenue is expected to grow at 11.3 % CAGR through 2024 to 2030, reaching nearly US$ 27.71 Bn.
Hydroponics Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Hydroponics Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Hydroponics market by thorough analysis, and projections are made up to 2030.
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Hydroponics Market Scope and Methodology:
The Hydroponics market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Hydroponics market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Hydroponics market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Hydroponics market were developed. The study provides a thorough value chain analysis that clarifies the Hydroponics production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Hydroponics market on a global and micro level.
Hydroponics Market Segmentation:
by Type
Aggregate Hydroponic System
Closed Systems
Open Systems
Liquid Hydroponic Systems
The hydroponics market is divided into two segments based on type: liquid hydroponic systems and aggregate hydroponic systems. Because it includes the most widely used hydroponic systems, including the drip system, wick system, ebb and flow system, and water culture system, aggregate hydroponic systems is anticipated to hold the greatest share in the global hydroponics market over the projection period. In the near future, the global hydroponics market is anticipated to be driven by the liquid hydroponic systems sector. On the basis of equipment, HVAC is predicted to hold the highest position in the global hydroponics market during the forecast period as to has elements which are good for control environment for hydroponic cultivation. The nutrients segment is estimated with respect to input type.
by Crop Type
Vegetables
Fruits
Herbs
Others
by Equipment
HVAC
LED Grow Light
Irrigation Systems
Material Handling
Control Systems
Others
The hydroponics market is divided into categories such as HVAC, LED grow lights, irrigation systems, material handling, control systems, and others based on the equipment and raw materials used. The HVAC system holds the largest market share during the predicted period. Since HVAC, or heating, ventilation, and air conditioning, is in charge of cooling, dehumidifying, and preserving the proper temperature inside the facility, it plays a significant role in the development of indoor growers. Aerologic and hydroponic farms need HVAC systems that are dependable and precisely managed.
by Input Type
Nutrients
Growth Medium
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Hydroponics Market Key Players:
1. Hydrofarm Inc
2. Lumigrow Inc.
3.Village farms
4. Argus Control Systems Ltd.
5. General Hydroponics Inc.
6. Hydrodynamics International Inc
7. Greentech Agro Inc.
8. Heliospectra AB
9. Logiqs B.V
10.Koninklijke Philips NV.
11.Thanet Earth
12.Pegasus Agritech
13.Growlife
14.Circle Fresh Farms
15.KUBO Greenhouse Projects
16.HortiMaX
17.Terra Tech
18.Signify Holdings
19.Scotts Miracle Gro
20.American Hydroponics
21.Emerald Harvest
22.Advanced Nutrients
23.Grobo
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Hydroponics Market Regional Insights :
The size and trends in the Hydroponics market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Hydroponics Market are:
- What is Hydroponics ?
- What was the Hydroponics market size in 2023?
- Which are the factors expected to drive the Hydroponics market growth?
- Who are the leading companies and what are their portfolios in Hydroponics Market?
- What growth strategies are the players considering to increase their presence in Hydroponics ?
- What are the upcoming industry applications and trends for the Blockchain Identity management market?
- What will be the CAGR at which the Hydroponics market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hydroponics Market?
- What are the different segments of the Hydroponics Market?
- What is the growth rate of the Hydroponics Market?
- What segments are covered in the Hydroponics Market?
- Who are the key players in the Hydroponics market?
- What are the key challenges and opportunities in the Hydroponics market?
- Which application holds the highest potential in the metamaterials market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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