Hydroponics technologies market to Grow by USD 558.97 million from 2022 to 2027

Aug 16, 2023

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31 Aug, 2023, 00:45 ET

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NEW YORK, Aug. 31, 2023 /PRNewswire/ -- Technavio categorizes the hydroponics technologies market is estimated to grow at a CAGR of 15.4% between 2022 and 2027 and the size of the market is forecast to increase by USD 558.97 million. Facilitation in soil and space-saving is the major factor notably driving market growth. About 6-7 million hectares of agricultural land are lost due to urbanization, industrial development, degradation, and soil erosion Across the globe. Rapid population growth creates challenges in meeting food needs due to limited agricultural land. In this context, vertical and indoor farming emerge as alternatives. Hydroponic technology allows for increased yields, requiring only about 10% of the land used in traditional agriculture to produce the same amount of fruit and vegetables. Thus, hydroponic technology promotes land and space efficiency, driving the growth of the market during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Hydroponics technologies market – Company AnalysisCompany Landscape - The hydroponics technologies market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer hydroponics technologies in the market are AmHydro, Argus Control Systems Ltd., Brio Agri Producer Co. Ltd., Cox Enterprises Inc., Fork Farms, Greentech Organic Hydroponics Systems Mfrs., GrowLife Inc, Hawthorne Gardening Co., Heliospectra AB, Hortisystems UK Ltd., Hydrodynamics International Inc., Koninklijke Philips NV, KUBO TUINBOUWPROJECTEN BV, LOGIQS B.V., MSc on smArt Agriculture TECHnologies, Nutrifresh Farm Tech India Pvt. Ltd., Rise Hydroponics TM, Thanet Earth Ltd., Valoya Oy, and Village Farms International Inc. and others.The global hydroponics technologies market is at its growing stage.

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Hydroponics Technologies Market - Segmentation AssessmentSegment OverviewTechnavio has segmented this market by technology (environment and climate control systems, grow lights, farm management systems, and material handling systems), type (aggregate system and liquid system), and geography (Europe, APAC, North America, South America, and the Middle East and Africa).

Geography OverviewBy geography, the global hydroponics technologies market is segmented into Europe, APAC, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hydroponics technologies market.

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Hydroponics Technologies Market – Market Dynamics

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Hydroponics Technologies Market report?

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Hydroponics Technologies Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.4%

Market growth 2023-2027

USD 558.97 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.4

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key countries

US, Canada, Japan, China, and The Netherlands

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AmHydro, Argus Control Systems Ltd., Brio Agri Producer Co. Ltd., Cox Enterprises Inc., Fork Farms, Greentech Organic Hydroponics Systems Mfrs., GrowLife Inc, Hawthorne Gardening Co., Heliospectra AB, Hortisystems UK Ltd., Hydrodynamics International Inc., Koninklijke Philips NV, KUBO TUINBOUWPROJECTEN BV, LOGIQS B.V., MSc on smArt Agriculture TECHnologies, Nutrifresh Farm Tech India Pvt. Ltd., Rise Hydroponics TM, Thanet Earth Ltd., Valoya Oy, and Village Farms International Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Technology

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About USTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio