Hydroponics Market size was valued at USD 13.10 Bn. in 2023 and the total revenue of Hydroponics Market is expected to grow at 11.3 % CAGR through 2024 to 2030, reaching nearly USD 27.71 Bn.

A global Material & Chemical business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the "Hydroponics Market." The report is a combination of primary data and secondary data and domain experts have analysed the Hydroponics Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Hydroponics Market to grow from USD 13.10 Bn. in 2023 to USD 27.71 Bn. in 2030 at a CAGR of 11.3 percent.

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Hydroponics Market Overview

Hydroponic farming is a method of growing plants without soil in which a mineral solution is introduced around the plant roots to replace the earth. The plant roots are submerged in the chemical solution and monitored on a regular basis to ensure that the proper chemical composition for growth is maintained. HVAC systems, LED grow lights, communication technology, irrigation systems, material handling, valves & pumps, and control systems are all used in this growing application with tremendous growth potential. The Hydroponics market is dominated by LED grow lights and HVAC systems.

Hydroponics Market Dynamics

Increasing demand for salad crops and exotic plants boost the market growth. Also, changing agricultural techniques worldwide positively impact the hypersonic market. The crops grow two times faster in hydroponic gardening, which is expected to drive the global hydroponics market growth during the forecast period. The rise in the need for global food security is anticipated to surge the global hydroponics market. Increasing investments in R&D is also estimated to drive market growth in the forecast period. Changing agriculture techniques across the globe, which is driving the global hydroponics market growth in a positive way.

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Hydroponics Market Regional analysis

Europe has always been the forefront of developing superior hydroponic horticulture systems. Despite the Netherlands' reputation for extensive hydroponic farming, growers there typically use simple tunnel-like greenhouses without climate control technology. In May 2022, InFarm opened a new facility in Nijmegen, the Netherlands. This facility aims to integrate hydroponic systems in various settings, including supermarkets, restaurants, and distribution hubs, to enable local vegetable growth and harvesting close to the point of sale.

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Hydroponics Market Report Scope

Market Size in 2023: USD 13.10 Bn.
Market Size in 2030: USD 27.71 Bn.
CAGR: 11.3 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 284
No. of Tables: 133
No. of Charts and Figures: 183
Segment Covered: By Type, Crop Type, Equipment, Input Type

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market
Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition
Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-hydroponics-market/27072/

Hydroponics Market Segmentation

By Type:

• Aggregate Hydroponic System
• Closed Systems
• Open Systems
• Liquid Hydroponic Systems

By Crop Type:

• Tomato
• Lettuce & Leafy Vegetables
• Pepper
• Cucumber
• Others

By Equipment:

• HVAC
• LED Grow Light
• Irrigation Systems
• Material Handling
• Control Systems
• Others

By Input Type:

• Nutrients
• Growth Medium

Key questions answered in the Hydroponics Market are

• What is the growth rate of the Hydroponics Market?
• Which region is expected to dominate the Hydroponics Market?
• What is the expected Hydroponics Market size by 2030?
• Which are the top players in the Hydroponics Market?
• What are the factors driving the Hydroponics Market growth?
• Which country held the largest Hydroponics Market share in 2023?

Key offerings

• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
o Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations

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