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.
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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 |
17.3 %. |
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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
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.
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 United States
6.3 Canada
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. North America Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
2. North America HVAC Market By Region, From 2022 - 2027 ( USD Million )
3. North America LED Grow Light Market By Region, From 2022 - 2027 ( USD Million )
4. North America Communication Technology Market By Region, From 2022 - 2027 ( USD Million )
5. North America Irrigation Systems Market By Region, From 2022 - 2027 ( USD Million )
6. North America Material Handling Market By Region, From 2022 - 2027 ( USD Million )
7. North America Control Systems Market By Region, From 2022 - 2027 ( USD Million )
8. North America Others Market By Region, From 2022 - 2027 ( USD Million )
9. North America Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
10. North America Aggregate Market By Region, From 2022 - 2027 ( USD Million )
11. North America Liquid Market By Region, From 2022 - 2027 ( USD Million )
12. North America Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
13. North America Tomato Market By Region, From 2022 - 2027 ( USD Million )
14. North America Lettuce & Leafy Vegetables Market By Region, From 2022 - 2027 ( USD Million )
15. North America Cucumber Market By Region, From 2022 - 2027 ( USD Million )
16. North America Pepper Market By Region, From 2022 - 2027 ( USD Million )
17. North America Strawberry Market By Region, From 2022 - 2027 ( USD Million )
18. North America Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
19. North America Nutrients Market By Region, From 2022 - 2027 ( USD Million )
20. North America Growth Medium Market By Region, From 2022 - 2027 ( USD Million )
21. United States Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
22. United States Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
23. United States Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
24. United States Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
25. Canada Hydroponics Market By Equipment, From 2022 - 2027 ( USD Million )
26. Canada Hydroponics Market By Type, From 2022 - 2027 ( USD Million )
27. Canada Hydroponics Market By Crop Type, From 2022 - 2027 ( USD Million )
28. Canada Hydroponics Market By Input Type, From 2022 - 2027 ( USD Million )
29. North America Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
30. North America Closed Systems Market By Region, From 2022 - 2027 ( USD Million )
31. North America Open Systems Market By Region, From 2022 - 2027 ( USD Million )
32. United States Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
33. Canada Blood Glucose Monitoring Market By Aggregate, From 2022 - 2027 ( USD Million )
34. North America Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
35. North America Closed Systems Market By Region, From 2022 - 2027 ( USD Million )
36. North America Open Systems Market By Region, From 2022 - 2027 ( USD Million )
37. United States Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
38. Canada Hydroponics Market By Aggregate, From 2022 - 2027 ( USD Million )
39. North America Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
40. North America The Water Culture System Market By Region, From 2022 - 2027 ( USD Million )
41. North America The EBB and Flow System Market By Region, From 2022 - 2027 ( USD Million )
42. North America Drip Systems Market By Region, From 2022 - 2027 ( USD Million )
43. North America The Wick System Market By Region, From 2022 - 2027 ( USD Million )
44. United States Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
45. Canada Hydroponics Market By Closed Systems, From 2022 - 2027 ( USD Million )
46. North America Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
47. North America 5.2.3.1 Nutrient Film Technique (NFT) Market By Region, From 2022 - 2027 ( USD Million )
48. North America 5.2.3.2 Floating Hydroponics Market By Region, From 2022 - 2027 ( USD Million )
49. North America 5.2.3.3 Aeroponics Market By Region, From 2022 - 2027 ( USD Million )
50. United States Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
51. Canada Hydroponics Market By Liquid, From 2022 - 2027 ( USD Million )
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