Hydroponics is a technique of growing plants in a water-based and nutrient-rich solution. The plant root system is supported by using an inert medium such as rockwool, perlite, clay pellets, vermiculite or peat moss, rather than soil. Plant roots are directly in contact with the nutrient solution with access to oxygen which enhances proper growth of the plant. This method of growing plants is used widely by commercial growers as it is easy to set up, has a high return on investment and costs less than other techniques. Hydroponics recycles large amount of water with minimal wastage and thus makes it the most water-efficient farming method.
Hydroponics Market - Size, Competitive Landscape, and Segmentation Analysis:
Hydroponics Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offer a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in research to understand their future strategies for growth in the market.
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The Key Players Covered In The Hydroponics Market Report Are:
- Aero Farm Systems (USA)
- Lettus Grow (United Kingdom)
- Hydrofarm(USA)
- CityCrop (Greece)
- Circulus Agtech (Canada)
- Rivasha Eco Design (India)
- Phytoponics (United Kingdom)
- Sky Greens (Singapore)
- Spread (Japan)
- Infarm (Berlin)
- AgriCool (France)
- Crop One (Dubai, UAE)
- Surna (Boulder, Colorado)
- Freight Farms (Boston)
- SweGreen (Sweden) and other major players.
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By System Type, Hydroponics has been segmented into:
- Aggregate systems
- Liquid systems
By Equipment, Hydroponics has been segmented into:
- HVAC
- LED grow lights
- Irrigation systems
- Material handling equipment
- Control systems
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East Africa (Saudi Arabia, South Africa etc.)
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has disrupted agricultural production and supply chains around the world, threatening access to agricultural labour and complicating international supply chains. With the threat of global viruses, increasing temperatures, and massive demand for feed, traditional farming is no longer sustainable. This is creating an opportunity for the Hydroponics market and its growth as the demand for the production of nutritious and local food has increased during the period of COVID-19. There is growth in interest in Hydroponics globally, with huge facilities already operating in Asia, the Middle East, and Europe, and new projects announced since the start of the COVID-19 outbreak. Although many industries are decreasing owing to COVID-19, Hydroponics is flourishing as it meets the demand for locally produced vegetables, such as kale and lettuce.
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Key Industry Developments
In February, 2022, Silal, Abu Dhabi’s leading fresh produce and agri-tech company, and AeroFarms, a Certified B Corporation and leader in indoor vertical farming, have signed a memorandum of understanding (MoU) to forge a long-term research and development collaboration involving knowledge and technology transfer of advanced farming systems to local farmers. Under the MoU, both parties will assess opportunities to transfer technology and data analytics capabilities from high-tech farming systems to improve yield, reduce cost and waste, and enhance environmental sustainability practices in agriculture across the emirate of Abu Dhabi.
In August 2019, LumiGrow Inc. launched a new TopLight Hybrid smart fixture. The Hybrids will enable users to benefit from the enriched white spectrum, which is completely wireless and can be controlled via SmartPAR software of the company
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