Recent developments

Hydroponics is a kind of technique for growing plants in water and the nutrients, without using the soil as a base. This technique is attaining rapid popularity, as farmers can obtain higher crops with each harvest.

Varying preferences of people for hydroponics as income farming is major factor impelling the growth of the global market. Moreover, rising focus on the customized farming and cultivation of medicinal plants approach has expected to offer new development opportunity for the industry.

Low awareness about hydroponics and high initial investment may hinder the global market progress to some extent.

To know more read @ https://www.marketdataforecast.com/market-reports/hydroponics-market

Market Overview

Market Data Forecast published a report named as Hydroponics Market. The Global Hydroponics Market worth was USD 23.94 Billion in 2019 and it has expected to register a CAGR of 6.8% during the forecast period (2019-2024).

 Report segmented as:

By Equipment:

HVAC
LED Grow Light
Communication Technology
Irrigation Systems
Material Handling
Control Systems
By Type:

Aggregate (Closed Systems (The Water Culture System, the EBB and Flow System, Drip Systems, and The Wick System), Open Systems)
Liquid (Nutrient Film Technique (NFT), Floating Hydroponics, and Aeroponics)
 Geographical Segmentation:

Based on geography, the market divided under many countries like North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the largest share for Hydroponics Market.

 Major Key market players

Argus Control Systems (Canada)
Signify Holdings (Netherlands)
Scotts Miracle Gro (US)
Heliospectra AB (Sweden)
LumiGrow (US)
American Hydroponics (US)
Terra Tech Corp (US)
Aerofarms (US)
Triton Foodworks Ltd. (India)
Emirates Hydroponic Farms (UAE)
Village Farms (Canada)
Urban cultivator (Canada)
Iron Ox (US)
Green Sense Holdings (US)
Bright Farms (US)
Gracia Farms (UAE)
Eurofresh (US)
Freight Farms (US)
Letcetra Agritech (India)
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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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