Hydroponics Market 2018: Trending Technologies, Developments, Top Key Players and Forecast to 2025


Posted May 31, 2018 by kmitalee

Hydroponics eliminates the use of artificial ripening agents and pesticides, which helps in creating nutritionally superior vegetable products.

 
The report "Hydroponics Market by Equipment (HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling & Control Systems), Type (Aggregate & Liquid), Crop Type, & by Input Type - Global Trends & Forecasts to 2020", The global hydroponics market is projected to reach USD 395.2 Million by 2020, growing at a CAGR of 16.8% from 2015 to 2020.

Browse 82 market data Tables and 46 Figures spread through 145 Pages and in-depth TOC on "Hydroponics Market - Global Trends & Forecasts to 2020"

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Hydroponics market projected to grow at a CAGR of 16.8%

The global hydroponics market is projected to reach USD 395.2 million by 2020. In 2015, Europe is estimated to be the largest market for hydroponics. North America is projected to be the fastest-growing market for hydroponics during the forecast period. The market is majorly driven by factors like higher yields compared to traditional agriculture and the lack of arable land and unfavorable climatic conditions for agriculture.

HVAC accounted for the largest market share in 2014

Among the equipment used in hydroponics, that is, HVAC, LED grow lights, communication technologies, irrigation systems, material handling, control systems, and others, HVAC accounted for the largest market share, followed by LED grow lights, in 2014. HVAC dominated the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.

Aggregate hydroponic systems lead the market with the largest share

On the basis of type, the hydroponics market is led by the aggregate hydroponic systems segment, followed by the liquid hydroponic systems segment. The aggregate hydroponic systems dominate the market as they consist of the highest used hydroponic systems like the water culture system, the ebb and flow system, drip systems, and the wick system

Nutrients accounted for the maximum market share in 2014

Among the input types like nutrients and growth media, nutrient accounted for the largest market share, followed by growth media, in 2014. There are two major types of nutrients used in hydroponics: micronutrients and macronutrients. Macronutrients accounted for the majority of the share of nutrients used in hydroponic systems.

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Issued By MarketsandMarkets
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Categories Architecture
Tags hydroponics , hydroponics market
Last Updated May 31, 2018