North America Hydroponics Market Size (2022 - 2027)
North America Hydroponics Market was estimated to be USD 70.92 million in 2021 and is predicted to reach USD 128.63 million by 2027 with a CAGR of 17.3 %.
Hydroponics is a part of hydroculture, the technique for developing plants without soil, utilizing mineral nutrient solutions in a water solvent. Hydroponics allows you to grow any plant regardless of climate and conditions by supplying them with sufficient nutrients. The supplements in hydroponics can be from fish waste, duck compost, or ordinary supplements.
Market 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.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2027 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
CAGR |
17.3 %. |
Segments Covered |
By Equipment, By Type, By Crop Type, By Input Type, By Aggregate Hydroponics Systems, By Liquid Hydroponic Systems, By Closed Systems |
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 |
Regions Covered |
|
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
Aggregate & Liquid
Tomato
Lettuce & Leafy Vegetables
Cucumber
Pepper & Strawberry
Nutrients
Growth Medium
Closed Systems
Open Systems
Nutrient Film Technique (NFT)
Floating Hydroponics
Aeroponics
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.
Geographically, the market is further segmented into
US
Canada
North America is the second-largest market and fastest-growing region in the world owing to its advanced agricultural techniques, the strong presence of major players, and increasing Demand for Healthy food.
Key Players:
Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com