Hydroponics Equipment – A Global Market Overview

Hydroponics Equipment – A Global Market Overview

Report Synopsis

Hydroponics equipment is primarily needed for indoor farming and comprises Heating, Ventilation, & Air Conditioning (HVAC) Systems, LED Grow Lights, Irrigation Systems, Control Systems and Material Handling Equipment. These form crucial inputs that need to be considered while setting up a hydroponics farm. While the initial costs of establishing an indoor hydroponics farm might seem expensive, the returns over the longer run more often than not outweigh the initial outlay. Because of this, the extent of hydroponic farming across the globe has been growing quite rapidly.

Europe is expected to be the fastest growing global market for Hydroponics Equipment, which is likely to log a 2023-2029 compounded annual rate of 10.8% in reaching a projected US$3.5 billion by 2029 from an estimated US$1.9 billion (39.1% share) in 2023, the largest market during the analysis period. North America estimated the second largest market with US$1.1 billion in 2023 while Asia-Pacific is anticipated to emerge the second fastest growing market during the same analysis period with a CAGR of 10.6%. The overall global market for Hydroponics Equipment is expected to surpass US$5 billion in 2024.

Research Findings & Coverage

• The worldwide market for Hydroponics Equipment is analyzed in this report with respect to system equipment types across major geographic regions and key countries
• The global market share analysis for Hydroponics Equipment is provided based on the segmentation mentioned above; and current market size estimations and revenue projections given for the analysis period through 2029
• The study discusses major growth trends, R&D, technology updates, statutory regulations and emerging applications of Hydroponics Equipment that influence the market growth, wherever applicable
• Key business trends focusing on product innovations/developments, capacity expansions, M&As, JVs and other recent industry developments by the major players
• The report includes 94 charts/data tables covering market numbers by segment and regions with graphical representation for each table
• Brief business profiles of major companies covered – 12
• The industry guide includes the contact details for 208 companies

Product Outline

The market for Hydroponics Equipment types analyzed in this report includes:
• Heating, Ventilation & Air Conditioning (HVAC) Systems
• LED Grow Lights
• Irrigation Systems
• Control Systems
• Material Handling Equipment

Analysis Period, Units and Growth Rates

• The report reviews, analyzes and projects the global Hydroponics Equipment market for the period 2020-2029 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2023 through 2029

Geographic Coverage

• North America (The United States, Canada and Mexico)
• Europe (France, Germany, Italy, Netherlands, Spain, the United Kingdom and Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)
• South America (Argentina, Brazil and Rest of South America)
• Middle East & Africa
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