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(CityRegions.Com, September 06, 2017 ) Description:
Global Hydroponics market is expected to grow from $226.45 million in 2016 to reach $724.87 million by 2023 with a CAGR of 18.1%. Decrease in arable land, growing population coupled with raising demand for food, and technological advancements in hydropincs are some of the factors boosting the market growth. In addition, increasing research & developments investments, raising adoption of vertical farming are propelling the market growth. On the other hand, high initial investments, complexity in technologies are some of the restraints hindering the market growth.
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Heating, Ventilating, and Air Conditioning (HVAC) equipments are commanding the global market with a higher market revenue during the forecast period due to high adoption of these systems for basic usage in hydroponics. Europe region is expected to witness largest market in terms of revenue. The Asia Pacific region is expected to register substantial growth rate. The growth is attributed to increasing population and growing demand for food.
Some of the key players in Global Hydroponics market include AMCO Produce Inc., American Hydroponics, Inc., Argus Control Systems Ltd., BetterGrow Hydro, Eurofresh Farms, General Hydroponics, Inc., Greentech Agro, Llc, Heliospectra AB, Hydrodynamics International, Inc., Hydrofarm, Inc., HydroWholesale Inc, Koninklijke Philips NV, Logiqs B.V., Lumigrow, Inc., and Village Farms International.
Equipment Types Covered:
LED Grow Light
Heating, Ventilating, and Air Conditioning (HVAC)
System Types Covered:
Liquid Hydroponic Systems
Nutrient Film Technique (NFT)
Aggregate Hydroponic System
Crop Types Covered:
Lettuce & Leafy Vegetables
Input Types Covered:
Perlite & Vermiculite
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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