Hydroponics Market Forecast: Expected to Grow to $27.71 Billion by 2030 with 11.3% CAGR

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Europe has always been the forefront of developing superior hydroponic horticulture systems. Large amounts of hydroponics can be found in countries like the Netherlands, Spain, and France.

Hydroponics Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Hydroponics Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Hydroponics market, with forecasts outspreading to the year 2030.

Projected Growth Trajectory for Hydroponics Market:

The hydroponics market was estimated to be worth US$ 13.10 billion in 2023, and from 2024 to 2030, total revenue is predicted to increase at a compound annual growth rate of 11.3%, or US$ 27.71 billion.

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Hydroponics Market Scope and Methodology:

The Hydroponics market research offers in-depth details on important factors, such as those anticipated to fuel the industry's expansion and impending challenges. Stakeholders will have a solid understanding of the industry's competitive landscape, the products pushed by well-known brands, and the investment potential in the Hydroponics market. Both the qualitative and quantitative aspects of the industry are covered in the study. The MMR investigation's purview includes a thorough analysis of the competition for the Hydroponics Market.

Many additional requirements, each with a detailed reason, are included in the study. In order to build the Hydroponics Market, a wide range of primary and secondary sources of information were taken into consideration, including government documents, websites, yearly reports, and expert and professional opinions.

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Hydroponics Market Regional Insights:

The market size, growth rate, import and export by region, and other relevant statistics are all thoroughly analyzed in this study. The regional analysis of the research makes it easy to understand the Hydroponics market situations in different countries. The markets in Latin America, Africa, Asia Pacific, North America, and the Middle East make up the Hydroponics market.

Hydroponics Market Segmentation:

by Type

Aggregate Hydroponic System
Closed Systems
Open Systems
Liquid Hydroponic Systems

Liquid hydroponic systems and aggregate hydroponic systems make up the two segments of the hydroponics market. Because it includes the most widely used hydroponic systems, including the drip system, wick system, ebb and flow system, and water culture system, aggregate hydroponic systems is anticipated to hold the greatest share in the global hydroponics market over the projection period. In the near future, the global hydroponics market is anticipated to be driven by the liquid hydroponic systems sector. Because it has components that are advantageous for the control environment for hydroponic cultivation, HVAC is predicted to hold the highest share in the global hydroponics market on the basis of equipment over the projection period.

by Crop Type

Vegetables
Fruits
Herbs
Others

by Equipment

HVAC
LED Grow Light
Irrigation Systems
Material Handling
Control Systems
Others

The hydroponics market is divided into categories such as HVAC, LED grow lights, irrigation systems, material handling, control systems, and others based on the equipment and raw materials used. The HVAC system holds the largest market share during the predicted period. Since HVAC, or heating, ventilation, and air conditioning, is in charge of cooling, dehumidifying, and preserving the proper temperature inside the facility, it plays a significant role in the development of indoor growers. Aerologic and hydroponic farms need HVAC systems that are dependable and precisely managed.

by Input Type

Nutrients
Growth Medium

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Hydroponics Market Key Players:

1. Hydrofarm Inc
2. Lumigrow Inc.
3.Village farms
4. Argus Control Systems Ltd.
5. General Hydroponics Inc.
6. Hydrodynamics International Inc
7. Greentech Agro Inc.
8. Heliospectra AB
9. Logiqs B.V
10.Koninklijke Philips NV.
11.Thanet Earth
12.Pegasus Agritech
13.Growlife
14.Circle Fresh Farms
15.KUBO Greenhouse Projects
16.HortiMaX
17.Terra Tech
18.Signify Holdings
19.Scotts Miracle Gro
20.American Hydroponics
21.Emerald Harvest
22.Advanced Nutrients
23.Grobo

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Key questions answered in the Hydroponics Market are:

  • What is Hydroponics?
  • What was the Hydroponics market size in 2023?
  • What is the growth rate of the Hydroponics Market?
  • Which are the factors expected to drive the Hydroponics market growth?
  • What is the CAGR at which the Hydroponics market will grow during the forecast period?
  • What are the different segments of the Hydroponics Market?
  • Which is the fastest growing region in the Hydroponicsmarket?
  • What growth strategies are the players considering to increase their presence in Hydroponics?
  • What are the upcoming opportunities and trends for the Hydroponics Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Hydroponics Market?
  • Who are the leading companies and what are their portfolios in Hydroponics Market?
  • What segments are covered in the Hydroponics Market?
  • Who are the key players in the Hydroponics market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by different segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
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  • PESTLE Analysis
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  • Recommendations

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