Aquaponics and Hydroponic Systems and Equipment Market Expected to Reach USD 20.56 Billion in 2028 | Emergen Research

June 29 19:12 2022
Aquaponics and Hydroponic Systems and Equipment Market Expected to Reach USD 20.56 Billion in 2028 | Emergen Research
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Increasing demand for food globally and ability of the equipment to provide higher yield than conventional farming are key factors driving market revenue growth

The global aquaponics and hydroponic systems and equipment market size reached USD 6.63 billion in 2020 and is expected to register a revenue CAGR of 15.3% during the forecast period, according to latest analysis by Emergen Research. Increasing population over the years has resulted in high demand for food, which, in turn, is anticipated to drive market revenue growth. Conventional agricultural practices depend heavily on external factors such as rain and temperature, which have been significantly affected by climate change. Food insecurity and rising global hunger index have impelled governments and companies to explore sustainable methods of alternative farming. Aquaponics and hydroponic systems of farming are cost-effective and have significantly higher yields than conventional farming, and this is a major factor driving growth of the global aquaponic and hydroponic systems and equipment market revenue.

The latest research report serves as a perfect example of the precise analysis of the global Aquaponics and Hydroponic Systems and Equipment market. It includes the ToC, list of tables and figures, research methodology, geographic segmentation, competitive landscape, future developments, and technological innovation. Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Aquaponics and Hydroponic Systems and Equipment industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.

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Table of Contents:

  • Chapter 1 includes an introduction of the global Aquaponics and Hydroponic Systems and Equipment market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
  • Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
  • Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
  • In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
  • Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

Some Key Highlights from the Report

  • Heating, Ventilation, and Air Conditioning (HVAC) segment is expected to expand at a significant revenue CAGR during the forecast period due to increasing need for maintaining suitable temperature and ventilation to improve productivity in aquaponics and hydroponic system.
  • Nutrient film technique segment is expected to register a significantly robust revenue growth rate over the forecast period, owing to its less initial cost and easy set up process, as well as non-requirement of a growing medium. Also, the recirculating water does not allow salt deposition and maintains the nutrient level of water.
  • North America is expected to register a steady revenue growth rate in the global aquaponics and hydroponic systems and equipment market over the forecast period among other regions, due to presence of international and domestic aquaponics and hydroponic equipment providers such as Nelson and Pade Inc., Aquaponic Lynx LLC, and Hydrofarm LLC., in developed countries of the region.

Competitive Outlook:

The global Aquaponics and Hydroponic Systems and Equipment market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Aquaponics and Hydroponic Systems and Equipment market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

Some major companies profiled in the market report are BetterGrow Hydro Inc., American Hydroponics (AmHydro), GreenTech Agro LLC, Hydrofarm LLC., UrbanFarmers Ltd, Perth Aquaponics, Endless Food Systems, Aquaponic Lynx LLC, Nelson and Pade Inc. and Pegasus Agriculture Group.

Emergen Research has segmented global aquaponics and hydroponic systems and equipment market on the basis of equipment, technique, application, medium, and region:

  • Equipment Outlook (Revenue, USD Billion; 2018–2028)
    • LED Grow Lights
    • Aeration System
    • Heating, Ventilation, and Air Conditioning (HVAC)
    • Irrigation Systems
    • Water Pumps
  • Technique Outlook (Revenue, USD Billion; 2018–2028)
    • Wick System
    • Nutrient Film Technique
    • Deep-water Culture System
    • Ebb and Flow System
    • Media-filled Grow Bed
  • Application Outlook (Revenue, USD Billion; 2018–2028)
    • Fish
    • Vegetables
    • Herbs
    • Fruits
  • Medium Outlook (Revenue, USD Billion; 2018–2028)
    • Perlite
    • Coconut Coir
    • Wood Chips
    • Vermiculite
    • Rockwool
    • Peat Moss

Key regions covered in the report:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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The report considers the following timeline for market estimations:

  • Historical Years: 2017 – 2018
  • Base Year: 2019
  • Estimated Year: 2027
  • Forecast Years: 2020 – 2027

Valuable Market Insights:

  • The report highlights the latest trends observed in the consumption pattern of each regional segment.
  • Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
  • The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Aquaponics and Hydroponic Systems and Equipment market.
  • The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Questions addressed in the report:

  • What is the estimated market growth rate throughout the forecast period?
  • Which end-use industry is expected to witness the highest demand for Aquaponics and Hydroponic Systems and Equipment in the near future?
  • What is the regulatory framework governing the application of Aquaponics and Hydroponic Systems and Equipment in the food industry?

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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