PUNE, India, February 11, 2016 /PRNewswire/ --
The report "Hydroponics Market by
Equipment (HVAC, LED Grow Light, Communication Technology,
Irrigation Systems, Material Handling & Control Systems), Type
(Aggregate & Liquid), Crop Type, & by Input Type - Global
Trends & Forecasts to 2020", The global market is projected
to reach USD 395.2 Million by 2020,
growing at a CAGR of 16.8% from 2015 to 2020.
Browse 82 market data Tables and 46 Figures spread through
145 Pages and in-depth TOC on "Hydroponics
Market"
http://www.marketsandmarkets.com/Market-Reports/hydroponic-market-94055021.html
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report.
There have been various factors which have played a major role
in driving the Hydroponics Market across the globe. One of the
major drivers is that hydroponics provides higher yield compared to
traditional agricultural techniques. It also provides farmers the
ability to grow crops in areas that cannot support crops in soil.
Furthermore, hydroponics eliminates the use of artificial ripening
agents and pesticides, which helps in creating nutritionally
superior vegetable products.
Aggregate hydroponic systems lead the market with the largest
share
On the basis of type, the Hydroponics Market is led by
the aggregate hydroponic systems segment, followed by the liquid
hydroponic systems segment. The aggregate hydroponic systems
consist of the most commonly used hydroponic systems like the water
culture system, the ebb and flow system, drip systems, and the wick
system. The usage of this commonly used system is a major driver
for the aggregate hydroponic systems across the globe.
HVAC accounted for the largest market share in
2014
HVAC accounted for the largest market share, followed by LED
grow lights, in 2014. HVAC is dominating the market as heating,
ventilation, and air-conditioning are the major elements required
to create a controlled environment for hydroponic cultivation.
Other equipment used in hydroponics includes LED grow lights,
communication technologies, irrigation systems, material handling,
control systems, and others.
Nutrients is the major input type used in hydroponic systems
in 2014
Hydroponic systems consist of various types of inputs, apart
from the equipment used in systems. These inputs are categorized
into two types, namely, nutrients and mediums. There are two major
types of nutrients used in hydroponics: micronutrients and
macronutrients. In 2014, macronutrients accounted for the majority
of the share of nutrients used in hydroponic systems as they are
commonly used in efficient growth of the crops in a controlled
environment.
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Key to success of the Hydroponics Market in the
European region
Europe has traditionally been
at the forefront of implementing advanced techniques in hydroponic
smart greenhouse horticulture. Countries such as The Netherlands, Spain, and France have large areas under greenhouse
cultivation. However, in The
Netherlands, growers mostly cultivate their plants in simple
tunnel-like greenhouses without the use of climate control
technologies. Hydroponics has flourished in Scandinavian countries
where traditional agricultural techniques are nearly impossible
during the winter season.
This report includes a study of marketing and development
strategies, along with the product portfolio of leading companies.
It includes the profiles of leading hydroponics companies such as
Argus Control Systems (Canada),
Koninklijke Philips NV (The
Netherlands), Greentech Agro LLC (U.S.), Logiqs B.V.
(The Netherlands), and Lumigrow,
Inc. (U.S.).
In terms of insights, this research report has focused on
various levels of analyses industry analysis, market share analysis
of top players, and company profiles, which together comprise and
discuss the basic views on the competitive landscape, emerging
& high-growth segments of the global Hydroponics Market,
high-growth regions, countries, and their respective regulatory
policies, government initiatives, drivers, restraints, and
opportunities.
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