Global Hydroponics System Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Aggregate System and Liquid Systems.

By Equipment;

HVAC, Led Grow Light, Control System, Irrigation System, Material Handling, PH, and CO2 Sensors.

By Input;

Nutrients and Grow Media.

By Crop Type;

Vegetables, Fruits, Flowers, Cannabis, Fodder Crops, and Herbs.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn531683747 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Hydroponics System Market (USD Million), 2020 - 2030

In the year 2023, the Global Hydroponics System Market was valued at USD 12,253.14 million. The size of this market is expected to increase to USD 27,428.21 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 12.2%.

The global hydroponics system market is thriving, fueled by the increasing adoption of soilless farming methods and a rising demand for locally grown, fresh produce. Hydroponics systems offer an efficient and sustainable approach to agriculture by enabling plant cultivation in controlled environments without soil. Instead, these systems use nutrient-rich water solutions to directly supply essential nutrients to plant roots, resulting in faster growth rates and higher yields compared to traditional farming methods.

Several key drivers are propelling the growth of the global hydroponics system market. These include heightened awareness of food security issues, decreasing availability of arable land, and concerns about water scarcity. Hydroponics systems are particularly attractive in regions with challenging climates or limited growing seasons because they facilitate year-round crop production. Additionally, the ability to optimize resource utilization, reduce water consumption, and minimize environmental impact appeals to commercial growers and home gardeners alike, driving further market expansion.

North America currently holds a significant share of the global hydroponics system market, driven by advancements in agricultural technology, growing investments in indoor farming, and a strong emphasis on local food production. The region's adoption of hydroponics systems is supported by favorable government policies, ongoing research initiatives, and increasing consumer preference for fresh, pesticide-free produce. Major market players like General Hydroponics, Hydrofarm LLC, and Growers Supply are actively innovating to develop advanced hydroponic systems that meet the evolving needs of the agricultural industry. As hydroponics gains traction worldwide, the global market is poised for continued growth, driven by the escalating demand for sustainable and high-yield farming practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Equipment
    3. Market Snapshot, By Input
    4. Market Snapshot, By Crop Type
    5. Market Snapshot, By Region
  4. Global Hydroponics System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Emerging Trends and Innovations
        2. Market Challenges and Restraints
        3. Regulatory Landscape and Standards
      2. Restraints:
        1. Technical Complexity and Skill Requirements
        2. High Initial Investment Costs
        3. Limited Standardization and Regulations
      3. Opportunities:
        1. Growing Demand for Locally Grown Produce
        2. Advancements in Technology and Automation
        3. Increasing Focus on Sustainable Agriculture
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hydroponics System Market, By Type, 2022 - 2032 (USD Million)
      1. Aggregate System
      2. Liquid Systems
    2. Global Hydroponics System Market, By Equipment, 2022 - 2032 (USD Million)
      1. HVAC
      2. Led Grow Light
      3. Control System
      4. Irrigation System
      5. Material Handling
      6. PH
      7. CO2 Sensors
    3. Global Hydroponics System Market, By Input, 2022 - 2032 (USD Million)
      1. Nutrients
      2. Grow Media
    4. Global Hydroponics System Market, By Crop Type, 2022 - 2032 (USD Million)
      1. Vegetables
      2. Fruits
      3. Flowers
      4. Cannabis
      5. Fodder Crops
      6. Herbs
    5. Global Hydroponics System Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Signify Holdings
      2. Argus Control Systems Limites
      3. Heliospectra AB,
      4. Scotts Company LLC
      5. LumiGrow
      6. Terra Tech Corp
      7. Triton Foodwoorks
      8. Urban Cultivator,
      9. Village Farms,
      10. Green Sense Farms Holfings
      11. IronOx,
      12. Freight farms
  7. Analyst Views
  8. Future Outlook of the Market

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