Report Overview:
The following report titled “Global Aquaponic & Hydroponic Systems & Equipment Market: By Category (Aquaponic, Hydroponic), By Application (Vegetables, Fruits, Herbs, Fish) and other forecast 2023-2028” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Aquaponic & Hydroponic Systems & Equipment Market Summary
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.
Report Coverage & Details
- Forecast Period: 2023–2028
- Base Year: 2022
- CAGR: 13.8%
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Aquaponic & Hydroponic Systems & Equipment Market Trend:
High Demand for Medicinal Plants to be the Trending Force – The rising demand for medicinal plants is emerging as a prominent key trend in the market. Owing to the well-managed & closed environment offered by the hydroponic & aquaponic systems, end-users are achieving more medicinal plants that are high in delivering therapeutic properties. This is because these systems are monitored routinely & offer an entirely closed environment, leaving no space for exposure to diseases or pests, thus assisting the consumers to grow medicinal plants at any temperature & given climatic conditions. All these factors contribute to aiding the Global Aquaponic & Hydroponic Systems & Equipment Market to gain colossal momentum in the forthcoming years.
Segmentation Analysis: Aquaponic & Hydroponic Systems & Equipment Market
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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Region: Europe Holds a Major Market Share
Among them, Europe is the leading region in the Global Aquaponic & Hydroponic Systems & Equipment Market.
Leading Players Analysis: Aquaponic & Hydroponic Systems & Equipment Market
The report provides detailed analysis of key players in the global Aquaponic & Hydroponic Systems & Equipment market, highlighting their strategies and competitive scenario.
- 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
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- Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.
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