The Active Hydroponics Systems Market was worth US$ 1.9 billion in 2021 and is projected to reach the valuation of US$ 3.8 billion by 2027 and is predicted to register a CAGR of 9.7% from 2022-to 2027.
There are a few different types of hydroponic systems. Active or passive is one of the categories. The movement of nutrient solutions, usually by a pump, is part of active hydroponics. The passive Hydroponics System, on the other hand, is based on a wick or the anchor of the growing media. Additional pumps, humidifiers, mist sprayers, and aerators are employed in this type of Hydroponics system. All of this technology necessitates energy, which is often provided by electricity. Because of several factors such as the addition of oxygen, active hydroponics is far more effective in terms of plant development. Despite the fact that Active Hydroponics Systems have a more complicated design.
Although the active and recovery kind is less popular, it is nevertheless quite effective. The process is then repeated by allowing nutritional solutions to run on the plant root and then draining them at regular intervals. Its seeds are planted in a tray or container using foam as a growing medium. According to the pump time schedule, the pump forces water containing nutrient solutions in a reservoir to rise through the tube and onto the plant.
The nutrient water is delivered by a pump to a tray where the plants are stored, and the unused water is recycled. In ebb and flow, however, the water is discharged and caught at regular intervals. In NFT systems, water is constantly flowing through the channels. The crops are stored in a tray, which is an enclosed container with small apertures on the top, for germination.
MARKET GROWTH
The Hydroponics System allows for complete control over the growing process. The plant's development takes place in a controlled setting. As a result, there is very little impact on the plant's environment, resulting in an ongoing flow of growth and the plant is rarely harmed, making it the most beneficial, resulting in steady demand with a rise in environmental consciousness.
MARKET DRIVERS
Because the crop is not influenced by the external environment, people have begun to utilise this technology. The farmer's revenue is consistent throughout the year, which has become the primary motivation for using a hydroponic system.
Furthermore, Active Hydroponic Systems do not require soil to develop the crops, instead relying on water. As a result, there is no need to keep the soil healthy by maintaining its nutrient content and adding pesticides to protect the crop from insects that emerge from the soil. As a result, the system's operational costs are also cheap. This technology also helps to conserve water, which means that in an Active Hydroponic System, less water is used to grow crops.
Farmers use the nutrient film technique (NFT) and other hydroponic systems to grow vast quantities of crops. These are active systems that work in a similar way to the ebb and flow method. This is why the Active Hydroponics Systems market is growing in popularity among both home and commercial hydroponic farmers.
MARKET RESTRAINTS
A hydroponic farm's main cost factors include HVAC systems, fans, ventilation, irrigation systems, control systems, railways, and lighting, among others. For a basic system that is not fully automated, a 500 sq. ft. hydroponic farm can cost up to USD 110,000. The high initial cost of setting up the system is a big deterrent to farmers investing in these systems.
Market Segmentation:
There are two sorts of markets: aggregate systems and liquid systems. Liquid systems will hold the largest market share during the forecast period. Liquid systems are more efficient and cost-effective than older approaches. The economics of liquid systems appear to be practical because all liquid systems operate in a closed mode that reduces the cost of nutrient solution. Growers have begun to adopt liquid systems in their agricultural output since they are more productive.
The market is categorised based on product equipment into Hydroponic Heating, Ventilation & Air Conditioning or HVAC, which is responsible for cooling, dehumidification, and maintaining the optimal temperature inside the facility. Hydroponic and aeroponic farms require reliable and well-controlled HVAC systems. Furthermore, because to the system's lower cost compared to other hydroponics equipment and utilities, the HVAC is expected to see an increase in demand.
Based on crop type, the market is separated into three categories: vegetables, fruits, and flowers. The fruits segment is predicted to have the highest CAGR during the projection period. Fruits grown in hydroponics can be collected all year due to the inside conditions of the greenhouse farming unit. Water-adaptable crops such as cantaloupe, watermelon, and tomatoes are preferred by farmers because they are easier to raise using hydroponic methods. As more fruit varieties are farmed in hydroponics, the market is likely to grow quickly.
The market is divided into Residential and Commercial segments based on the end-user. Commercial category is likely to dominate the market over the forecasted period.
Europe has always been at the forefront of developing superior hydroponic smart greenhouse horticulture systems. Large amounts of greenhouse horticulture can be found in countries like the Netherlands, Spain, and France. Growers in the Netherlands, on the other hand, generally produce their plants in simple tunnel-like greenhouses with no climate control technology. Hydroponics has grown in popularity in Europe thanks to advances in greenhouse farming. Hydroponics adoption has been shown to be the highest across all European countries, according to national government figures. As a result, the market in the region is well-developed.
Asia Pacific dominated the hydroponics market with a 37% share in 2021, thanks to significant usage of hydroponics in China, Australia, South Korea, and other countries. The market in India and China is expected to increase significantly over the forecast period due to the introduction of urban hydroponic farms.
North America has enormous growth potential because to the several big corporations situated in the region, as well as the growing adoption of alternative farming approaches in urban areas. Some of the top market participants in North America include AeroFarms (US), AMHYDRO (US), Argus Control Systems Limited (Canada), and LumiGrow (U.S.)
Government incentives are expected to stifle growth in developing nations in the Middle East, Africa, and South America, as well as the inability to build up large hydroponic farms due to a shortage of crucial equipment.
Key Players:
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