Hydroponics Market

Hydroponics Market Key Trends and Opportunities to 2017-2022
Global Hydroponics Market was worth USD 212.3 million in 2016 and is expected to reach USD 461.6
million by 2021 with a CAGR of 16.8 %.Hydroponics is a soilless cultivating approach used to create high
return vegetation. It is part of hydroculture, which utilizes mineral arrangements and supplements to
develop specific flora. Hydroponics makes use of essential mediums to increase crops and they're
selection lifestyle and sturdy medium culture. This strategy is a compelling substitute, which defeats the
defects of ordinary agribusiness method to a superior degree.
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Hydroponics offers higher yield as compared with conventional agricultural techniques. It moreover
offers farmers the advantage to increase plants in areas that can not guide crops in soil. Moreover,
hydroponics gets rid of using counterfeit maturing operators and pesticides, which facilitates in making
nutritiously superior vegetable objects. These are a number of the fundamental factors driving the
market. Lack of awareness approximately the hydroponic agriculture machine and excessive investment
required are a number of the factors restraining the market growth to an extent.
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Hydroponics Market is segmented based on Equipment, Type, Crop Type and Input Type. Based on
Equipment, marketplace is segmented into HVAC, LED Grow Light, Communication Technology,
Irrigation Systems, Material Handling, and Control Systems. Based on Type, market is segmented into
Aggregate & Liquid. Based on Crop Type, marketplace is further segmented into Tomato, Lettuce &
Leafy Vegetables, Cucumber, Pepper & Strawberry. Based on Input kind, market is similarly segmented
into Nutrients, Growth Medium. On the idea of Aggregate hydroponics systems, marketplace is similarly
segmented into Closed Systems, Open Systems. Based on Liquid Hydroponic structures, market is
segmented into Nutrient Film Technique (NFT), Floating Hydroponics, and Aeroponics. On the premise
of Closed structures, marketplace is further segmented into The Water Culture System, The EBB and
Flow System, Drip Systems, and The Wick System. HVAC has the most important marketplace
percentage, observed via LED develop lighting fixtures, in 2014. HVAC is dominating the marketplace as
heating, air flow, and air-conditioning are the foremost factors required to create a controlled
surroundings for hydroponic cultivation.
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Geographically, market is in addition segmented into Asia-Pacific, Europe, Latin America, Middle East
and Africa, and North America. Europe dominates the worldwide market with the very best proportion
while North America is projected to be the quickest developing marketplace for the duration of the
forecast length.
Major Players dominating the marketplace are Argus Control Systems, Koninklijke Philips NV, Greentech
Agro LLC, Logiqs B.V., Lumigrow, Inc. And General Hydroponics, Inc.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market
potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market
dynamics and trends are discussed in detail at the product level. Further, the performance of the market
at the regional and country-level is assessed and the prospects with high growth potential are identified
and debated.
The key players in the industry are profiled providing insights on their financial performance, market
position and growth strategies. Comparative analysis on prime strategical activities of the market
players delineating the key developments like mergers & acquisitions, collaborations and an evaluation
of the competitive environment within the industry are provided. The report also offers a broad outlook
of the market along with recommendations from industry experts on the opportunities for investment
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Global Hydroponics Market was worth USD 212.3 million in 2016 and is expected to reach USD 461.6 million by 2021 with a CAGR of 16.8 %.