Press release
Hydroponics Market is Growing at a CAGR of 7.40% from 2018 to 2025
Hydroponics- Hydroponics is a new cultivation method that employs mineral nutrient solutions in place of soil. The rising problem of loss of essential nutrients from soil is expected to boost demand for these techniques. Although limited types of crops can be cultivated using this method the growing food demand is expected to boost its application.The Global Hydroponics Market was valued at USD 1.23billion in 2016 and is projected to reach USD 2.33 billion by 2025, growing at a CAGR of 7.40% from 2017 to 2025.
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Segmented Regions:
• North America (U.S., Canada, Mexico)
• Europe (Germany, UK, France, Rest of Europe)
• Asia Pacific (China, India, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa
The Major Players in the market are as follows: Schlumberger, Halliburton, Dynaenergetics, Yellow Jacket Oil Tool, Core Laboratories, Zao Ntf Perfotech, Fhe USA, Oiltech Service, Baker Hughes, Weatherford, National Oilwell Varco, Hunting PLC, Promperforator, Shaanxi Fype Rigid Machinery, Tassaroli.
Market Dynamics:
Market Drivers
- Higher yields compared to traditional methods.
Market Restraints
- High setup costs.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market
Market Segmentation:
By Equipment:
HVAC
Control Systems
LED Grow Light
Material Handling
Communication Technology
Irrigation Systems
Others
By Type:
Aggregate
Open
Closed
Liquid
Floating
Aeroponics
Nutrient Film Technique
Browse full report at:
https://www.marketinsightsreports.com/reports/0305290176/global-hydroponics-market?source=dailyindustryreports&mode=19
Research Methodology:
Research study on the Global Hydroponics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
About Us:- MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth Market research studies i.e. Market share analysis, industry analysis, information on products, countries, Market size, trends, business research details and much more. MarketInsightsReports provides global and regional Market intelligence coverage, a 360-degree Market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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