Global Hydroponics Technologies Market 2024-2028
The hydroponics technologies market is forecasted to grow by USD 737.5 mn during 2023-2028, accelerating at a CAGR of 17.38% during the forecast period. The report on the hydroponics technologies market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by facilitation in soil and space-saving, the need for reduction in soil and water pollution, and an increase in the offering of certified products.
Technavio's hydroponics technologies market is segmented as below:
ByTechnology
- Environment and climate control systems
- Grow lights
- Farm management systems
- Material handling systems
ByType
- Aggregate system
- Liquid system
ByGeography
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the increase in offering of advanced hydroponic growing systems as one of the prime reasons driving the hydroponics technologies market growth during the next few years. Also, the launch of energy-efficient LED grow lights and increasing use of automation in hydroponics technologies will lead to sizable demand in the market.
The report on the hydroponics technologies market covers the following areas:
- Hydroponics technologies market sizing
- Hydroponics technologies market forecast
- Hydroponics technologies market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydroponics technologies market vendors that include 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 N.V., KUBO TUINBOUWPROJECTEN BV, LOGIQS B.V., MSc on smArt Agriculture TECHnologies, Nutrifresh Farm Tech India Pvt. Ltd., Rise Hydroponics, Thanet Earth Ltd., Valoya Oy, and Village Farms International Inc.. Also, the hydroponics technologies market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.