Hydroponics Market 2018-2025 |Key Players Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.)

Hydroponics is the method of growing plants without using soil or soil-less gardening using important nutrients in a mineral rich water solution. A plant only needs sunlight, sufficient amount of water, and selected nutrients to grow. Hydroponics farming allows a plant to grow 50% faster than conventional method. It eliminates the need of pesticides and herbicides. In hydroponic gardening, any type of water can be use that can be recycle and re-used, which reduces the need of fresh water and uses less space. Increasing consumption of salad crops and vegetables is expected to boost the growth of hydroponics market during the forecast period.

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Hydroponic is classified on the basis of equipment such as HVAC (Heating, Ventilation, and Air Conditioning), communication technology, LED grow light, irrigation system, material handling, control systems, and others. HVAC equipment segment accounted for the largest market revenue in hydroponics market, owing to increasing adoption of HVAC systems in hydroponics for basic usage. Hydroponics is also classified on the basis of systems, such as aggregate hydroponic system and liquid hydroponic system. The aggregate hydroponic system is segmented into closed and open system where closed system is furthermore classified as the water culture system, the EBB and flow system, drip systems, and the wick system.

Europe is the most dominant region in global hydroponics market and accounted for 36.44% market share, owing to the advanced techniques availability in hydroponic smart greenhouse agriculture. The European economies such as Spain, Netherlands, and France have large greenhouse agricultural areas, which is expected to fuel the growth of this market.

The hydroponics market was valued at US$ 231.81 Million in 2016 globally and is expected to expand at a CAGR of 10.53% in terms of revenue during 2017 – 2025.

Some of the key market players in hydroponics are Argus Control System (Canada), Koninklijke Philips NV (The Netherlands), Greentech Agro LLC (U.S.), Biodynamic LLC., General Hydroponics, Inc, Logiqs B.V. (The Netherlands), Lumigrow, Inc. (U.S.), Hydrofarm Inc, Hydrodynamics International Inc, Heliospectra AB, Village Farms International, Inc, Platinum Produce Company and Millennium Pacific Greenhouses Ltd, and Soave Enterprises LLC.

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