The global aquaponics and hydroponic systems and equipment market size reached USD 6.63 billion in 2020 and is expected to register a revenue CAGR of 15.3% during the forecast period, according to latest analysis by Emergen Research. Increasing population over the years has resulted in high demand for food, which, in turn, is anticipated to drive market revenue growth. Conventional agricultural practices depend heavily on external factors such as rain and temperature, which have been significantly affected by climate change. Food insecurity and rising global hunger index have impelled governments and companies to explore sustainable methods of alternative farming. Aquaponics and hydroponic systems of farming are cost-effective and have significantly higher yields than conventional farming, and this is a major factor driving growth of the global aquaponic and hydroponic systems and equipment market revenue.
The Global Aquaponics and Hydroponic Systems and Equipment Market report presents comprehensive information covering insightful data for businesses and investors for the time period of. The report studies the historical data of the Aquaponics and Hydroponic Systems and Equipment market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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Key Points of Aquaponics and Hydroponic Systems and Equipment Market:
- Extensive coverage of the analysis of the Aquaponics and Hydroponic Systems and Equipment market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Aquaponics and Hydroponic Systems and Equipment market
- Complete data about the key manufacturers and vendors in the Aquaponics and Hydroponic Systems and Equipment market
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The major companies Covered in the report are:
BetterGrow Hydro Inc., American Hydroponics (AmHydro), GreenTech Agro LLC, Hydrofarm LLC., UrbanFarmers Ltd, Perth Aquaponics, Endless Food Systems, Aquaponic Lynx LLC, Nelson and Pade Inc., and Pegasus Agriculture Group
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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Aquaponics and Hydroponic Systems and Equipment Market Segmentation:
- Equipment Outlook (Revenue, USD Billion; 2018–2028)
- LED Grow Lights
- Aeration System
- Heating, Ventilation, and Air Conditioning (HVAC)
- Irrigation Systems
- Water Pumps
- Technique Outlook (Revenue, USD Billion; 2018–2028)
- Wick System
- Nutrient Film Technique
- Deep-water Culture System
- Ebb and Flow System
- Media-filled Grow bed
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Regional Analysis of the Aquaponics and Hydroponic Systems and Equipment Market:
The report sheds light on the region expected to dominate the Aquaponics and Hydroponic Systems and Equipment market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Aquaponics and Hydroponic Systems and Equipment market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Key Benefits of Buying the Global Aquaponics and Hydroponic Systems and Equipment Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Aquaponics and Hydroponic Systems and Equipment market.
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Aquaponics and Hydroponic Systems and Equipment Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Aquaponics and Hydroponic Systems and Equipment Market
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