(Food-Beverage-News.Com, October 26, 2017 ) Global Hydroponics Market was worth USD 212.3 million in 2016 and is expected to reach USD 461.6 million by 2021 with a CAGR of 16.8 %.
Key Findings of the study: Global Hydroponics Market will reach USD 461.6 million by 2021 Hydroponics gives higher yield compared with conventional agricultural techniques. It additionally gives farmers the advantage to develop crops in regions that can't support crops in soil. Moreover, hydroponics removes the use of counterfeit maturing operators and pesticides, which helps in making nutritiously superior vegetable items. Geographically, market is further segmented into Asia-Pacific, Europe, Latin America, Middle East and Africa, and North America. Europe dominates the global market with the highest share while North America is projected to be the fastest growing market during the forecast period. Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., Lumigrow, Inc. and General Hydroponics, Inc.
Global Hydroponics Market Segmentation: By Equipment: HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling and Control Systems By Type: Introduction, Aggregate (Closed Systems, Open Systems) and Liquid (Nutrient Film Technique (NFT), Floating Hydroponics, Aeroponics) By Crop Type: Introduction, Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper and Strawberry By Input Type: Introduction, Nutrients and Growth Medium By Geography: North America, Europe, APAC, Latin America and Middle East & Africa Key Players: Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., Lumigrow, Inc. and General Hydroponics, Inc.
Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About MarketDataForecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact: Abhishek Shukla International Business Development Manager Market Data Forecast Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206 Mail: abhishek@marketdataforecast.com Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/