The global Hydroponic Equipment market is estimated to be USD xxxx million in 2019 and is expected to reach USD xxxx million by 2026, with a CAGR of xxxx% during the forecast period.
According to the report, the global Hydroponic Equipment market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
Hydroponics, by definition, is a method of growing plants in a water-based, nutrient-rich solution. Hydroponics does not use soil, instead the root system is supported using an inert medium such as perlite, rockwool, clay pellets, peat moss, or vermiculite. The basic premise behind hydroponics is to allow the plants' roots to come in direct contact with the nutrient solution, while also having access to oxygen, which is essential for proper growth.
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Key Players:
Key players in the Hydroponic Equipment market include General Hydroponics, Botanicare, Titan Controls, AutoPot USA, SuperCloset, Sunlight Supply, Hydrofarm, BGH, Nutriculture, Oxygen Pot Systems, etc.
Market Driver and Restraint
According to the report, one of the key drivers is that Hydroponic Equipment provides higher output than traditional agricultural technology. Moreover, this equipment eliminates the use of artificial ripening agents and pesticides, which helps create nutritious vegetable products. However, lack of scientific knowledge regarding the soil-less agriculture system has a negative impact on the growth of the market.
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Forecast by Geography
North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the key regional segments of the global Hydroponic Equipment market. Europe is anticipated to show high growth over the forecast period, owing to its highly adopts hydroponic smart greenhouse horticulture. France, Netherlands, and Spain are the main markets in the Europe region. Asia-Pacific and North America are expected to witness moderate growth during the forecast period.
Type Segment Analysis
By product type, the Hydroponic Equipment market is segmented into Hydroponic Drip Systems, Aeroponic Systems, Ebb and Flow Hydroponic Systems, Deep Water Culture Systems, and Grow Cabinets.
Application Segment Analysis
Hydroponic Equipment is widely used in Indoor Farming and Outdoor Farming.
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Target Audience:
• Hydroponic Equipment manufacturers
• Raw material suppliers of Hydroponic Equipment
• Distributors and resellers of Hydroponic Equipment
• Hydroponic Equipment industry associations
• Product managers, Hydroponic Equipment industry administrator, C-level executives of the industries
• Market Research and consulting firms
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
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