Hydroponics Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Hydroponics Market: By Equipment (LED Grow Light, HVAC (Heating, Ventilation, and Air Conditioning), Irrigation Systems, Communication Technology, Control Systems, Material Handling, Others), By System Type (Liquid Hydroponic Systems (Nutrient Film Technique, Aeroponics, Floating Hydroponics), Aggregate Hydroponics Systems (Open Systems, Closed Systems), By Crop Type (Tomato, Cucumber, Lettuce & Leafy, Pepper, Strawberry, Others), By Input Type (Growth Medium (Growrock, Rockwool, Coco Fiber, Perlite and Vermiculite, Others), Nutrients (Micronutrients, Macronutrients)), By Region – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Market Dynamics: Global Hydroponics Market

One of the greatly impacting driving factors for growth of global hydroponics market is high rate of crop production in hydroponics techniques than traditional techniques. In addition, rise in the demand for salad crops and commercial food products also anticipated to positively impact the growth of the market. Furthermore, growth in focus on medicinal plant cultivation and customized plant production are expected to bolster the market share over the forecast period. However, high cost of setup and maintenance coupled with the lack of awareness regarding hydroponic technique are expected to hinder the global hydroponics market during the forecast period.

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Market Scope: Global Hydroponics Market
Global hydroponics market is segmented based on system type, crop type, and region
Based on equipment, market is segmented into
• LED Grow Light
• HVAC (Heating, ventilation, and air conditioning)
• Irrigation Systems
• Communication Technology
• Control Systems
• Material Handling
• Others
Based on system type, market is segmented into
• Liquid Hydroponic Systems
o Nutrient Film Technique
o Aeroponics
o Floating Hydroponics
• Aggregate Hydroponics Systems
o Open Systems
o Closed Systems
Based on crop type, market is segmented into
• Tomato
• Cucumber
• Lettuce & Leafy
• Pepper
• Strawberry
• Others
Based on input type, market is segmented into
• Growth Medium
o Growrock
o Rockwool
o Coco Fiber
o Perlite & Vermiculite
o Others
• Nutrients
o Micronutrients
o Macronutrients
• Based on Region, market is segmented into
o North America
o Latin America
o Asia Pacific
o Europe
o Middle East and Africa (MEA)

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Market Summary: Global Hydroponics Market
Global hydroponics market is expected to grow at significant rate over forecast period owing to the advantages such as high crop yield over the conventional technologies. Companies operating in the hydroponic market are adopting the launch of innovative products into the market to advance the hydroponic systems. For instance, in May 2016, Ikea has launched indoor hydroponic kit for home hydroponics in UK. Marketers in the hydroponics market are focused on inorganic growth to strengthen market position and expanding geographical reach. For instance, in October 2016, Scotts Miracle-Gro’s subsidiary Hawthrone Hydroponics acquired Botanicare LLC this acquisition will expand the hydroponic business of Hawthrone garden.

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Regional Analysis: Global Hydroponics Market
Geographically hydroponics market is divided into five key regions, i.e. Europe, North America, Latin America, Asia Pacific, and The Middle East and Africa. Europe hydroponics market is expected to grow at significant rates owing to availability of the advanced technologies in hydroponic systems and presence of key market players in the region. In addition, activities of the market players such as product innovations and company expansions enable boost the market share of Europe hydroponics market. North America hydroponics market expected to witness notable growth owing to the adaptation of commercial farming and rise in demand for the hydroponic systems in the region. Asia Pacific expected to grow at significant rates owing to the developing infrastructure and adaptation of commercial cropping in the region.

Competition Assessment: Global Hydroponics Market
Some of the players in global hydroponics market include
• Argus Control Systems Ltd. (Canada)
• Koninklijke Philips NV (Netherlands)
• Logiqs B.V. (Netherlands)
• Heliospectra AB (Sweden)
• General Hydroponics, Inc. (U.S.)
• Lumigrow, Inc. (U.S.)


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