Latest Market Report and Statistics 2023 | Hydroponics System Market to be Worth US$ 14.4 Billion by 2030: Market Poised for Significant Growth Fueled by Food Security and Sustainability Concerns

The global hydroponics system market is expected to surpass US$ 14.4 billion by 2030, with an annual growth rate of more than 15.6%, registering an incremental opportunity of more than US$ 9.1 billion between 2023 and 2030.

Global Hydroponics System Market is valued at US$ 5.2 billion in 2023 and is expected to grow at a significant CAGR of over 15.6% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

The hydroponics system market is driven by several factors that contribute to its growth and adoption. With a growing global population, there is a rising need for sustainable and efficient methods of food production. Hydroponics systems offer higher crop yields compared to traditional soil-based agriculture, making them attractive for meeting the increasing demand for food.

Further, the availability of arable land for traditional farming is diminishing due to urbanization, soil degradation, and other factors. Hydroponics systems provide a solution by enabling cultivation in controlled environments, such as greenhouses or vertical farms, without relying on soil. This allows for agriculture in urban areas and regions with limited land resources.
Moreover, Hydroponics systems use significantly less water compared to traditional soil-based farming methods. They are designed to recirculate water and nutrients, minimizing water waste. As water scarcity becomes a growing concern globally, hydroponics systems offer an efficient and sustainable solution for agriculture.

• According to a deep-dive market assessment by RationalStat, the global hydroponics system market has been analyzed on the basis of market segments, including type, crop, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global hydroponics system market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global hydroponics system market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

Request A Customization- https://store.rationalstat.com/store/global-hydroponics-system-market/#tab-ux_global_tab

Global Hydroponics System Market: Segmental and Market Share Analysis
• On the basis of crop, tomatoes are anticipated to hold the majority share of the market owing to its use in different cuisines and dishes.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 5.2 billion
Market Size Forecast US$ 14.4 billion
Growth Rate 15.6%

Key Market Drivers
• Applications of modern plant biotechnology
• Developments in Agricultural industry
• Introduction of new technologies

Companies Profiled
• AeroFarms
• AmHydro
• Argus Control Systems Ltd.
• Emirates Hydroponics Farms
• Freight Farms
• Green Sense Farms Holdings, Inc.
• Heliospectra AB
• LumiGrow
• Signify Holding
• Terra Tech Corp

Explore more about this report- https://store.rationalstat.com/store/global-hydroponics-system-market/#tab-ux_global_tab

Competition Analysis and Market Structure

Some of the prominent players and suppliers operating and contributing significantly to the global hydroponics system market growth include AeroFarms, AmHydro, Argus Control Systems Ltd., Emirates Hydroponics Farms, Freight Farms, Green Sense Farms Holdings, Inc., Heliospectra AB, LumiGrow, Signify Holding, and Terra Tech Corp, among others.

Get A Free Sample- https://store.rationalstat.com/store/global-hydroponics-system-market/#tab-ux_global_tab

RationalStat has segmented the global hydroponics system market based on type, crop, and region
• Global Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
o Aggregated systems
o Liquid systems
• Global Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Crop
o Tomatoes
o Lettuce
o Peppers
o Cucumbers
o Herbs
o Others
• Global Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Hydroponics System Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

For more information about this report- https://store.rationalstat.com/store/global-hydroponics-system-market/

Key Questions Answered in the Hydroponics System Report:
• What will be the market value of the global hydroponics system market by 2030?
• What is the market size of the global hydroponics system market?
• What are the market drivers of the global hydroponics system market?
• What are the key trends in the global hydroponics system market?
• Which is the leading region in the global hydroponics system market?
• What are the major companies operating in the global hydroponics system market?
• What are the market shares by key segments in the global hydroponics system market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Download Key Insights and Market Data - Raise a Query
https://store.rationalstat.com/store/global-hydroponics-system-market/#tab-ux_global_tab

RationalStat LLC
Kimberly Shaw,
Content and Press Manager
sales@rationalstat.com
US Phone: +1 302 803 5429
UK Phone: +44 203-287-1245
LinkedIn | Facebook | Twitter | Instagram | Pinterest

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

This release was published on openPR.