A novel report on global Aquaponics and Hydroponic Systems and Equipment market is published by Emergen Research, offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Aquaponics and Hydroponic Systems and Equipment market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
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.
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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Aquaponics and Hydroponic Systems and Equipment market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Companies profiled in the global Aquaponics and Hydroponic Systems and Equipment market:
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
Key Objectives of the Global Aquaponics and Hydroponic Systems and Equipment Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Aquaponics and Hydroponic Systems and Equipment market and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Aquaponics and Hydroponic Systems and Equipment Market segmentation
- 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
The report offers a comprehensive analysis of the current growth opportunities for various regions of the Aquaponics and Hydroponic Systems and Equipment market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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