Emergen Research's Comprehensive Global Aquaponics and Hydroponic Systems and Equipment Market Research Report, added to its ever-expanding collection, contains insights into the Aquaponics and Hydroponic Systems and Equipment Market and its key components. The report provides insights into the industry's growth factors Aquaponics and Hydroponic Systems and Equipments, opportunities, lucrative business prospects, promising growth areas, and estimated growth rates through 2028. Aside from revenue growth drivers & restraints, production & consumption patterns, changing consumer preferences, and stringent regulatory standards, this report also examines other key aspects of regional markets. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. Accurately predicting the keyword market for the coming years, the report looks at both the current situation and past data. In addition, the report provides a comprehensive assessment of the factors that are likely to support or hinder market expansion in the coming years. The overall impact of the pandemic on the Aquaponics and Hydroponic Systems and Equipment Market and its key segments is comprehensively estimated in the report. In addition, the report discusses the impact of the pandemic on different market sectors. Additionally, it provides an assessment of the current and future impact of the pandemic on the keyword market. The report is the result of extensive primary and secondary research and has been compiled with the aim of giving readers and businesses a competitive edge over their industry peers.
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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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report also studies the key companies of the Aquaponics and Hydroponic Systems and Equipment market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some players analyzed in the report are:
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
The report further divides the Aquaponics and Hydroponic Systems and Equipment market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Aquaponics and Hydroponic Systems and Equipment market.
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On the basis of type, the market is segmented into
-
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
-
Application Outlook (Revenue, USD Billion; 2018–2028)
- Fish
- Vegetables
- Herbs
- Fruits
In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Aquaponics and Hydroponic Systems and Equipment market?
What are the key product types and applications of the Aquaponics and Hydroponic Systems and Equipment industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Aquaponics and Hydroponic Systems and Equipment market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Aquaponics and Hydroponic Systems and Equipment Market by 2027?
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