Aquaponic & Hydroponic Systems & Equipment Market In-Depth Outlook Size, Share & Major Stakeholders
How Big is the Aquaponic & Hydroponic Systems & Equipment Market?
The Global Aquaponic & Hydroponic Systems & Equipment Market size is estimated to grow at a CAGR of around 13.8% during the forecast period, i.e., 2023-28. The growth of the market is propelling due to an increment in the number of farmers inclining towards hydroponic & aquaponic farming owing to their multitude of benefits, such as the minimized need for water for cultivation, reduced arable lands, heightened productivity as compared to other traditional practices of farming. The other reason anticipated for the market expansion relates to the ever-evolving prominence of these systems, as they aid in mitigating the time & cost required for producing crops, notably off-season crops.
Market Statistics
- Market Growth Rate (CAGR): 13.8% from 2023-2028
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Aquaponic & Hydroponic Systems & Equipment Market Insight:
Driver-
Rising Demand for Well-cultivated Crops to Uplift the Market Growth – The growing prevalence of cultivated crops, especially off-season crops, is turning out to be the main driving force behind the expansion of the market at a faster rate. This is due to the utmost efficiency & productivity offered by the hydroponic & aquaponic farming practices compared to other ordinary methods. Moreover, these farming techniques are also delving deeper to offer more food products enriched with high amounts of nutrients since the cultivation process is performed under a well-monitored environment.
Additionally, it also aims to provide a higher yield in contrast to traditional methods & is rapidly fulfilling the mounting demand for food generated by the ever-growing global population. Hence, with the boom in the adoption of these technologies, the Global Aquaponic & Hydroponic Systems & Equipment Market is presumed to drive in the following years.
Aquaponic & Hydroponic Systems & Equipment Market Segmentation:
The report has segmented the market into the following categories:
By Category
- Aquaponic
- Hydroponic
By Application
- Vegetables
- Fruits
- Herbs
- Fish
By Equipment
- LED Grow Lights
- HVAC
- Irrigation Systems
- Aeration Systems
- Others (Spare Parts, etc.)
By Systems
- Nutrient Film Techniques
- Deep-Water Culture Systems
- Media Filled Grow Beds
- Ebb and Flow Systems
- Dutch-bucket Systems
By End Users
- Micro Farms
- Homes
- Aquaponics Farms
- Others (Schools, Universities, etc.)
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Competitive Landscape:
- Aquaponic Lynx LLC
- Argus Control Systems Ltd
- BetterGrow Hydro
- ECF Farmsystems
- LivinGreen
- My Aquaponics
- Nelson and Pade, Inc.
- Perth Aquaponics
- Hydrilla
- AmHydro
- Backyard Aquaponics Pty Ltd
- GreenTech Agro LLC
- Hydrofarm Holdings Group, Inc.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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