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

By Technology;

Environment and climate control systems, Grow lights, Farm management systems, and Material handling systems.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn039281661 Published Date: March, 2024 Updated Date: April, 2024

Introduction

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

In the year 2023, the Global Hydroponics Technologies Market was valued at USD 714.62 million. The size of this market is expected to increase to USD 1,947.67 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 15.4%.

The global hydroponics technologies market is undergoing rapid expansion due to the rising demand for efficient and sustainable agricultural methods. Hydroponics technologies facilitate plant cultivation without soil by using nutrient-rich water solutions in controlled environments. This approach offers numerous benefits, including increased crop yields, reduced water consumption, and optimized use of resources, making it particularly appealing in regions with limited arable land or challenging climates.

Hydroponics technologies encompass a diverse array of innovative systems and equipment tailored for soilless farming practices. These technologies include nutrient delivery systems, specialized grow lights, climate control systems, automation solutions, and monitoring sensors. By harnessing these advanced technologies, growers can create optimal conditions for plant growth, enhance resource efficiency, and consistently produce high-quality crops year-round.

North America currently holds a significant share of the global hydroponics technologies market, driven by technological advancements, supportive government initiatives, and the growing adoption of indoor farming methods. The region's focus on sustainable agriculture, combined with increasing consumer interest in locally sourced produce, is fueling the adoption of hydroponics technologies among commercial growers and urban farmers. As the global population continues to grow and environmental challenges escalate, hydroponics technologies are poised to play a pivotal role in ensuring food security and promoting sustainable agricultural practices on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Region
    3. Market Opportunity Map
  4. Global Hydroponics Technologies 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. Challenges with Pest and Disease Management
        3. Regulatory Uncertainty and Compliance Issues
      3. Opportunities:
        1. Increasing Focus on Sustainable Agriculture
        2. Growing Demand for Local and Fresh Produce
        3. Advancements in Technology and Automation
    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 Technologies Market, By Technology, 2022 - 2032 (USD Million)
      1. Environment and climate control systems
      2. Grow lights
      3. Farm management systems
      4. Material handling systems
    2. Global Hydroponics Technologies 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. Advanced LED Grow Lights
      2. American Hydroponics
      3. CropKing Inc.
      4. Growers Supply
      5. Honeywell International Inc.
      6. Koninklijke Philips NV
      7. Nutriculture Grow Systems
      8. Oxygen Pot Systems
      9. Siemens AG
      10. SuperCloset
  7. Analyst Views
  8. Future Outlook of the Market

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