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.
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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:
• Vegetables
• Flowering and Foliage
• Fruits
• Herbs
Types Covered:
• Aggregate System
• Liquid Hydroponics
Equipments Covered:
• Light-Emitting Diode (LED) Growing Lights
• Irrigation System
• Heating, Ventilation & Air Conditioning (HVAC)
• Control Systems
• Material Handling
• Growing Chamber
• Submersible Pump
• Reservoir
• Delivery System
• Communication Technology
Inputs Covered:
• Growth Media
• Nutrients
Services Covered:
• Natural and Organic Hydroponic Solutions
• Conventional/Inorganic Hydroponic Solutions
Farming Types Covered:
• Outdoor Farming
• Indoor Farming
Distribution Channels Covered:
• B2B
• B2C
Crop Areas Covered:
• 10000-50000 Square feet
• 5001-10000 Square feet
• 1000-5000 Square feet
• Up 1000 Square feet
End Users Covered:
• Commercial
• Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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