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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 – 2027 |
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Base Year |
2021 |
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Forecast Period |
2022 - 2027 |
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CAGR |
16.8% |
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Segments Covered |
By Equipment, By Type, By Crop Type, By Input Type, By Aggregate Hydroponics Systems, By Liquid Hydroponic Systems, By Closed Systems |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc. |
Market Segmentation:
HVAC
LED Grow Light
Communication Technology
Irrigation Systems
Material Handling
Control Systems
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
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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 Equipment
5.1.1 Introduction
5.1.2 HVAC
5.1.3 LED Grow Light
5.1.4 Communication Technology
5.1.5 Irrigation Systems
5.1.6 Material Handling
5.1.7 Control Systems
5.1.8 Y-o-Y Growth Analysis, By Equipment
5.1.9 Market Attractiveness Analysis, By Equipment
5.1.10 Market Share Analysis, By Equipment
5.2 Type
5.2.1 Introduction
5.2.2 Aggregate
5.2.3 Liquid
5.2.4 Y-o-Y Growth Analysis, By Type
5.2.5 Market Attractiveness Analysis, By Type
5.2.6 Market Share Analysis, By Type
5.3 Crop Type
5.3.1 Introduction
5.3.2 Y-o-Y Growth Analysis, By Crop Type
5.3.3 Market Attractiveness Analysis, By Crop Type
5.3.4 Market Share Analysis, By Crop Type
5.4 Input Type
5.4.1 Introduction
5.4.2 Y-o-Y Growth Analysis, By Crop Type
5.4.3 Market Attractiveness Analysis, By Crop Type
5.4.4 Market Share Analysis, By Crop Type
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Equipment
6.1.3.3 By Type
6.1.3.4 By Crop Type
6.1.3.5 By Input Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Equipment
6.1.4.3 By Type
6.1.4.4 By Crop Type
6.1.4.5 By Input Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Equipment
6.1.5.3 By Type
6.1.5.4 By Crop Type
6.1.5.5 By Input Type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Argus Control Systems
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Koninklijke Philips NV
8.3 Greentech Agro LLC
8.4 , Logiqs B.V.
8.5 Lumigrow, Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
1. Asia-Pacific Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
2. Asia-Pacific HVAC Market By Region, From 2022 - 2027 ( USD Million )
3. Asia-Pacific LED Grow Light Market By Region, From 2022 - 2027 ( USD Million )
4. Asia-Pacific Communication Technology Market By Region, From 2022 - 2027 ( USD Million )
5. Asia-Pacific Irrigation Systems Market By Region, From 2022 - 2027 ( USD Million )
6. Asia-Pacific Material Handling Market By Region, From 2022 - 2027 ( USD Million )
7. Asia-Pacific Control Systems Market By Region, From 2022 - 2027 ( USD Million )
8. Asia-Pacific Others Market By Region, From 2022 - 2027 ( USD Million )
9. Asia-Pacific Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
10. Asia-Pacific Aggregate Market By Region, From 2022 - 2027 ( USD Million )
11. Asia-Pacific Liquid Market By Region, From 2022 - 2027 ( USD Million )
12. Asia-Pacific Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
13. Asia-Pacific Tomato Market By Region, From 2022 - 2027 ( USD Million )
14. Asia-Pacific Lettuce & Leafy Vegetables Market By Region, From 2022 - 2027 ( USD Million )
15. Asia-Pacific Cucumber Market By Region, From 2022 - 2027 ( USD Million )
16. Asia-Pacific Pepper Market By Region, From 2022 - 2027 ( USD Million )
17. Asia-Pacific Strawberry Market By Region, From 2022 - 2027 ( USD Million )
18. Asia-Pacific Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
19. Asia-Pacific Nutrients Market By Region, From 2022 - 2027 ( USD Million )
20. Asia-Pacific Growth Medium Market By Region, From 2022 - 2027 ( USD Million )
21. Japan Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
22. Japan Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
23. Japan Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
24. Japan Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
25. China Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
26. China Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
27. China Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
28. China Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
29. India Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
30. India Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
31. India Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
32. India Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
33. Australia Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
34. Australia Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
35. Australia Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
36. Australia Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
37. South Korea Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
38. South Korea Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
39. South Korea Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
40. South Korea Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
41. Asia-Pacific Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
42. Asia-Pacific Closed Systems Market By Region, From 2022 - 2027 ( USD Million )
43. Asia-Pacific Open Systems Market By Region, From 2022 - 2027 ( USD Million )
44. Japan Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
45. China Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
46. India Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
47. Australia Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
48. Asia-Pacific Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
49. Asia-Pacific Closed Systems Market By Region, From 2022 - 2027 ( USD Million )
50. Asia-Pacific Open Systems Market By Region, From 2022 - 2027 ( USD Million )
51. Japan Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
52. China Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
53. India Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
54. Australia Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
55. Asia-Pacific Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
56. Asia-Pacific The Water Culture System Market By Region, From 2022 - 2027 ( USD Million )
57. Asia-Pacific The EBB and Flow System Market By Region, From 2022 - 2027 ( USD Million )
58. Asia-Pacific Drip Systems Market By Region, From 2022 - 2027 ( USD Million )
59. Asia-Pacific The Wick System Market By Region, From 2022 - 2027 ( USD Million )
60. Japan Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
61. China Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
62. India Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
63. Australia Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
64. Asia-Pacific Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
65. Asia-Pacific 5.2.3.1 Nutrient Film Technique (NFT) Market By Region, From 2022 - 2027 ( USD Million )
66. Asia-Pacific 5.2.3.2 Floating Hydroponics Market By Region, From 2022 - 2027 ( USD Million )
67. Asia-Pacific 5.2.3.3 Aeroponics Market By Region, From 2022 - 2027 ( USD Million )
68. Japan Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
69. China Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
70. India Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
71. Australia Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
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