North America Hydroponics Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Equipment, Type, Crop Type, Input Type, And By Country (U.S, Canada, Mexico and Rest of North America) - Industry Analysis From 2024 to 2029

Updated On: January, 2024
ID: 2014
Pages: 145

North America Hydroponics Market Size (2024 to 2029)

The North American hydroponics market size is expected to reach USD 114.46 million in 2024 and reach USD 254 million by 2029, growing at a CAGR of 17.3 % from 2024 to 2029.

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 COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

17.3 %.

Segments Covered

By Equipment, Type, Crop Type, Input Type, Aggregate Hydroponics Systems, Liquid Hydroponic Systems, Closed Systems, and Country

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

The U.S, Brazil, Argentina, Mexico, and Country

Market Leaders Profiled

Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.

 

This market research report on the North American hydroponics market is segmented and sub-segmented into the following categories.

North America Hydroponics Market By Equipment

  • HVAC
  • LED Grow Light
  • Communication Technology
  • Irrigation Systems
  • Material Handling
  • Control Systems

North America Hydroponics Market By Type

  • Aggregate & Liquid

North America Hydroponics Market By Crop Type

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

North America Hydroponics Market By Input Type

  • Nutrients
  • Growth Medium

North America Hydroponics Market By Aggregate Hydroponics Systems

  • Closed Systems
  • Open Systems

North America Hydroponics Market By Liquid Hydroponic Systems

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

North America 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.

North America Hydroponics Market By Country

  • The U.S
  • Canada
  • Mexico
  • Rest of North America

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 MARKET PLAYERS

Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc. These are some of the market players dominating the North American hydroponics market.

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