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 analysis in the report provides an in-depth aspect at the current status of the Hydroponics Market, with forecasts outspreading to the year 2030.

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Hydroponics Market Scope and Methodology:

The main objective of the study is to provide a comprehensive examination of the global Hydroponics market, focusing on a market-oriented approach. This involves understanding the market's dynamics, significant trends, growth drivers, obstacles, and potential opportunities. Data is gathered from primary and secondary research techniques. Primary data collection includes interacting with essential stakeholders in the Hydroponics market, including manufacturers, suppliers, distributors, retailers, end-users, and industry experts, via interviews and surveys. Information obtained from sources such as industry reports, market analyses, company websites, annual reports, trade journals, government publications, and databases constitutes secondary data.

Hydroponics Market segmentation is carried out using various factors such as product, component, size and installation location, and geographical regions like North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Additionally, a prediction model is developed by using past data, current market trends, and future estimates to estimate the market's size and potential growth during the expected timeframe. An in-depth analysis of the competitive environment is carried out, exploring the market strategies, product portfolios, technological advancements, and market positioning of key players. This in-depth examination aims to offer practical insights and support informed decision-making for stakeholders in the Hydroponics industry.

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Hydroponics Market Segmentation:

by Type

Aggregate Hydroponic System
Closed Systems
Open Systems
Liquid Hydroponic Systems

Liquid hydroponic systems and aggregate hydroponic systems make up the two segments of the hydroponics market. 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 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

Hydroponics Market Regional Insights:

The Hydroponics Market report is segmented into numerous key countries. Countries like North America, United States, Canada, Mexico, Europe, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries, South America, Brazil, and the Middle East and Africa.

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Key questions answered in the Hydroponics Market are:

• What is Hydroponics?
• What was the Hydroponics Market size in 2023?
• What is the growth rate of the Hydroponics Market?
• Which are the factors expected to drive the Hydroponics Market growth?
• What are the upcoming opportunities and trends for the Hydroponics Market?
• What segments are covered in the Hydroponics Market?
• Who are the key players in the Hydroponics Market?
• What are the different segments of the Hydroponics Market?
• Who are the leading companies and what are their portfolios in Hydroponics Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Hydroponics Market?
• What growth strategies are the players considering to increase their presence in Hydroponics?
• What is the CAGR at which the Hydroponics Market will grow during the forecast period?
• Which is the fastest growing region in the Hydroponics 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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