Asia-Pacific Hydroponics Market

Asia-Pacific Hydroponics Market Size (2022 - 2027)

Asia-Pacific Hydroponics Market has been estimated at USD 68.72 million in 2021 and is projected to reach USD 141.52 million by 2027, at a CAGR of 16.8% during the forecast period from 2022 - 2027. The market is mainly increasing because of the large population and growing economy.

Hydroponics is a part of hydroculture where plants are developed with their roots suspended specifically into the water with no soil. This is a kind of hydroponic cultivation known as N.F.T. and it is an extremely well-known method for developing plants hydroponically.

Drivers and Restraints

One of the important drivers is that hydroponics gives a higher yield compared with conventional agricultural techniques. It additionally gives farmers the capacity to develop crops in regions that can't support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.

ASIA-PACIFIC HYDROPONICS MARKET REPORT COVERAGE:

Market Segmentation:

Asia-Pacific Hydroponics Market – By Equipment:

• HVAC

• LED Grow Light

• Communication Technology

• Irrigation Systems

• Material Handling

• Control Systems

Asia-Pacific Hydroponics Market – By Type:

• Aggregate
• & Liquid

Asia-Pacific Hydroponics Market – By Crop Type:

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

Asia-Pacific Hydroponics Market – By Input Type:

• Nutrients
• Growth Medium

Asia-Pacific Hydroponics Market – By Aggregate Hydroponics Systems:

• Closed Systems
• Open Systems

Asia-Pacific Hydroponics Market – By Liquid Hydroponic Systems:

• Nutrient Film Technique (NFT)
• Floating Hydroponics
• Aeroponics

Asia-Pacific Hydroponics Market – By Closed Systems:

• The Water Culture System
• The EBB and Flow System
• Drip Systems
• The Wick System

HVAC has the largest market share, followed by LED grow lights, in 2014. HVAC is dominating the market as heating, ventilation, and air-conditioning are the major elements required to create a controlled environment for hydroponic cultivation.

Geographical Analysis:
Geographically, the market is further segmented into

• China
• Japan
• India
• Australia
• South Korea

Asia-Pacific market is increasing at a significant CAGR during the forecast period owing to its large population and high cultivable lands in countries like India, China.

Key Players in this Market: 
Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.