Europe is expected to be the fastest growing global market for Hydroponics Equipment, which is likely to log a 2023-2029 compounded annual rate of 10.8% in reaching a projected US$3.5 billion by 2029 from an estimated US$1.9 billion (39.1% share) in 2023, the largest market during the analysis period. North America estimated the second largest market with US$1.1 billion in 2023 while Asia-Pacific is anticipated to emerge the second fastest growing market during the same analysis period with a CAGR of 10.6%. The overall global market for Hydroponics Equipment is expected to surpass US$5 billion in 2024.
Research Findings & Coverage
- The worldwide market for Hydroponics Equipment is analyzed in this report with respect to system equipment types across major geographic regions and key countries
- The global market share analysis for Hydroponics Equipment is provided based on the segmentation mentioned above; and current market size estimations and revenue projections given for the analysis period through 2029
- The study discusses major growth trends, R&D, technology updates, statutory regulations and emerging applications of Hydroponics Equipment that influence the market growth, wherever applicable
- Key business trends focusing on product innovations/developments, capacity expansions, M&As, JVs and other recent industry developments by the major players
- The report includes 94 charts/data tables covering market numbers by segment and regions with graphical representation for each table
- Brief business profiles of major companies covered – 12
- The industry guide includes the contact details for 208 companies
Product Outline
The market for Hydroponics Equipment types analyzed in this report includes:
- Heating, Ventilation & Air Conditioning (HVAC) Systems
- LED Grow Lights
- Irrigation Systems
- Control Systems
- Material Handling Equipment
Analysis Period, Units and Growth Rates
- The report reviews, analyzes and projects the global Hydroponics Equipment market for the period 2020-2029 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2023 through 2029
Geographic Coverage
- North America (The United States, Canada and Mexico)
- Europe (France, Germany, Italy, Netherlands, Spain, the United Kingdom and Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)
- South America (Argentina, Brazil and Rest of South America)
- Middle East & Africa