Hydroponics Market 2024 Market Trends Analysis by Major Manufacturers, Growth Rate, CAGR Status, and Regional Segmentation with Forecast Details

Hydroponics

Hydroponics market report provides in-depth analysis of scope of current and future market and overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. It focuses on volume and value at global level, regional level and company level. From a global perspective, this report represents overall Hydroponics market size by analysing historical data and future prospect. Hydroponics market that offers qualitative information about prevailing trends and a detailed analysis of the growth rate of this industry. The Hydroponics market is expected to register a CAGR of approximately 0.068% during the forecast period of (2019 – 2024).

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Market Overview

  • The Global Hydroponics Market was valued at USD 23.94 billion in 2019 and is expected to register a CAGR of 6.8% during the forecast period (2019-2024). In 2019, Europe is the largest geographic segment of the market studied and accounted for a share of around 47.3% of the overall market.
  • Hydroponics is an environment-friendly and profitable technology. It has been promoted by the various governments and non-governmental organizations for its benefits in terms of food security. High-cost is the only major drawback in technology. However, a lot of R&D activity is being carried out globally to reduce the cost involved in technology. The major industry drivers include high profits, growing emphasis on food security, and increasing consumption of salad and exotic vegetables.

    Global Hydroponics Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2013-2024):

    • North America: United States, Canada and Mexico
    • Europe: Germany, UK, France, Italy, Russia, Spain and Benelux
    • Asia Pacific: China, Japan, India, Southeast Asia and Australia
    • Latin America: Brazil, Argentina and Colombia
    • Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Competitor Landscape: Hydroponics market report contains top companies on the basis of types, applications, size, share and regions.

  • BrightFarms Inc.
  • Argus Control Systems Ltd.
  • Hortisystems UK Ltd.
  • Kubo Group
  • GreenTech Agro LLC
  • Circle Fresh Farms
  • Hydrodynamics International Inc.
  • Heliospectra AB
  • American Hydroponics, Inc.
  • Lumigrow Inc.
  • General Hydroponics Inc.
  • Koninklijke Philips NV
  • Logiqs BV
  • FormFlex
  • Thanet Earth
  • Pegasus Agritech
  • Valoya
  • Village Farms International Inc.
  • Growlife
  • Terra Tech.

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    Scope of Report: Scope of the ReportHydroponics involves the process of growing plants by using mineral nutrient solutions in sand, gravel, or liquid, without using soil. Due to the increasing success rates associated with the commercial hydroponics industry and the increasing difficulty of growing crops on soil, the hydroponics market is expanding exponentially. Along with the market expansion, manufacturers of hydroponic equipment are focusing on the development of new efficient systems.

    Reason to buy Hydroponics Market Report:

    • Hydroponics market report provides pin-point analysis for changing competitive dynamics.
    • Hydroponics market report provides a forward looking perspective on different factors driving or restraining market growth
    • Ability to analyze development of future products, pricing strategies and launch plans of Hydroponics market.
    • Further insight into the prevalence of the subdivided types of Hydroponics and identification of segments with high potential.
    • Delivery of more accurate information related to various countries.
    • Evaluate the key vendors in the Hydroponics market in terms of products satisfaction and business strategy.

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    Hydroponics Market Historic Data (2013-2017):

    • Industry Trends:Global Revenue, Outlook, and Status.
    • Competitive Landscape:Development Trends, By Major Key Manufacturers.
    • Product Revenue for Top Players:Market Size and Share, Current Market Situation Analysis.
    • Segmentation Analysis:By Types & Applications, By key Drivers, By Regions/ Geography.
    • Sales Revenue:Growth Rate, Market Share, Current Industry Analysis, Cost and Price Analysis.

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