Hydroponics Market Overview

Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated "Hydroponics Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Hydroponics market and its component manufacturers over the next decade.

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Hydroponics Market Values

Hydroponics Market size was valued at US$ 11.77 Bn. in 2022 and the total revenue is expected to grow at 11.3 % CAGR through 2023 to 2029, reaching nearly US$ 24.89 Bn.

Hydroponics Market Scope

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Hydroponics market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Hydroponics market are examined in the report.

Market dynamics for hydroponics:

According to UN data on the world population, plants grown in hydroponic systems have achieved a 20–25 percent higher yield than those grown in traditional agricultural systems, with productivity being two–five times higher. Furthermore, because these systems provide regulated environmental conditions, the influence of climate changes can be balanced, so that annual crop yield is unaffected. Agricultural harvesting is directly impacted by CEH procedures. Variations in the weather have no effect on these systems because crops can be cultivated year-round, boosting the output. In August 2022, Terra Tech Corp began building its brand-new headquarters in Santa Ana, California.

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. Because it has components that are advantageous for the control environment for hydroponic cultivation, HVAC is predicted to hold the highest share in the global hydroponics market on the basis of equipment over the projection period.

by Crop Type

Tomato
Lettuce & Leafy Vegetables
Pepper
Cucumber
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

Table of content for the Hydroponics Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Hydroponics Market Report

Part 03: Global Hydroponics Market Landscape

Part 04: Global Hydroponics Market Sizing

Part 05: Global Hydroponics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Analysis

The Hydroponics market report comprises an extensive analysis of the Hydroponics industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.

Key Questions answered in the Hydroponics Market Report are:

• What is Hydroponics Market?
• What is the forecast period of the Hydroponics Market?
• What is the competitive scenario of the Hydroponics market?
• Which region held the largest market share in the Hydroponics Market?
• What are the opportunities for the Hydroponics Market?
• What are the restraining factors in the Hydroponics market?
• Who are the key players of the Hydroponics market?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Hydroponics
• Landscape- Leading key players and other prominent key players.

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