DUBLIN--(BUSINESS WIRE)--The "Hydroponics - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.
The Global Hydroponics market is expected to grow from $226.45 million in 2016 to reach $724.87 million by 2023 with a CAGR of 18.1%.
Decrease in arable land, growing population coupled with raising demand for food, and technological advancements in hydropincs are some of the factors boosting the market growth. In addition, increasing research & developments investments, raising adoption of vertical farming are propelling the market growth. On the other hand, high initial investments, complexity in technologies are some of the restraints hindering the market growth.
Heating, Ventilating, and Air Conditioning (HVAC) equipments are commanding the global market with a higher market revenue during the forecast period due to high adoption of these systems for basic usage in hydroponics. Europe region is expected to witness largest market in terms of revenue. The Asia Pacific region is expected to register substantial growth rate. The growth is attributed to increasing population and growing demand for food.
Some of the key players in global hydroponics market include AMC-Produce Inc., American Hydroponics, Inc., Argus Control Systems Ltd., BetterGrow Hydro, Eurofresh Farms, General Hydroponics, Inc., Greentech Agro, Llc, Heliospectra AB, Hydrodynamics International, Inc., Hydrofarm, Inc., HydroWholesale Inc, Koninklijke Philips NV, Logiqs B.V., Lumigrow, Inc., and Village Farms International.
Equipment Types Covered:
- Communication Technology
- Irrigation Systems
- LED Grow Light
- Heating, Ventilating, and Air Conditioning (HVAC)
- Control Systems
- Material Handling
- Other Equipment
System Types Covered:
- Liquid Hydroponic Systems
- Nutrient Film Technique (NFT)
- Floating Hydroponics
- Aeroponics
- Aggregate Hydroponic System
- Open Systems
- Closed Systems
Crop Types Covered:
- Tomato
- Lettuce & Leafy Vegetables
- Cucumber
- Strawberry
- Pepper
- Other Crops
Input Types Covered:
- Growth Medium
- Coc-fiber
- Growrock
- Perlite & Vermiculite
- Rockwool
- Others
- Nutrients
- Micronutrients
- Macronutrients
For more information about this report visit https://www.researchandmarkets.com/research/wcb255/hydroponics
