Hydroponics Market Overview

Hydroponics is a soilless cultivating manner practiced to produce high return crops. It is a part of hydroculture, which utilizes mineral arrangements and supplements to grow different plants. Hydroponics uses two fundamental factors to develop crops and they are choosing a culture and strong medium culture. This approach is a compelling substitute, which reduces the defects of conventional agribusiness approach to a superior degree.

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Hydroponics provides tremendous yield correlated with conventional agricultural techniques. It additionally gives farmers the benefit to developing crops in regions that can't sustain crops in soil. Moreover, hydroponics eliminates the use of artificial maturing operators and pesticides, which helps in making nutritiously superior vegetable items. These are some of the main factors pushing the market. Lack of awareness about the hydroponic agriculture system and huge investment needed are some of the factors inhibiting the market growth to an extent.

Hydroponics Market Report (2018-2023)

Global Hydroponics Market was worth USD 289.62 million in 2018 and is anticipated to touch USD 629.57 million by 2021 with a CAGR of 16.8 %.

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Hydroponics Market Segmentation

Hydroponics Market is categorized based on Equipment, Type, Crop Type, and Input Type. Based on Equipment, the market is classified into HVAC, Communication Technology, Material Handling, LED Grow Light, Irrigation Systems, and Control Systems. On the bases of Type, the market is segmented into Aggregate & Liquid. Based on Crop Type, a market is moreover segmented into Tomato, Cucumber, Lettuce & Leafy Vegetables, Pepper & Strawberry. On the bases of Input type, a market is further categorized into Growth Medium, Nutrients. Based on Aggregate hydroponics systems, a market is additionally segmented into Closed Systems, Open Systems. Based on Liquid Hydroponic systems, the market is segmented into Floating Hydroponics, Nutrient Film Technique (NFT), and Aeroponics. Based on Closed systems, a market is further categorized into The EBB and Flow System, The Water Culture System, Drip Systems, and The Wick System. HVAC has the highest market share, followed by LED grow lights, in 2014. HVAC is overlooking the market as heating, ventilation, and air-conditioning are the main components required to create a controlled environment for hydroponic cultivation.

Geography segment

Geographically, the market is further divided into Asia-Pacific, Latin America, Europe, Middle East, and Africa, and North America. Europe commands the global market with the largest share while North America is predicted to be the active growing market during the prediction period.

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Major Players:

Major Players overlooking the market are

Argus Control Systems,
Greentech Agro LLC,
Koninklijke Philips NV,
Logiqs B.V.,
Lumigrow, Inc, and
General Hydroponics, Inc.
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