The European Hydroponics Market is expected to grow at a CAGR of 16% and reach USD 120.39 million in 2021 from USD 57.32 million in 2016.
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According to the report “Europe Hydroponics Market by Equipment (HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling, Control Systems & others), by Type (Aggregate (Closed Systems (The Water Culture System, The EBB and Flow System, Drip Systems, and The Wick System), Open Systems) & Liquid (Nutrient Film Technique (NFT), Floating Hydroponics, and Aeroponics)), by Crop Type (Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper & Strawberry), & by Input Type (Nutrients, Growth Medium), and by Region – Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)” published by Market Data Forecast,
Europe Hydroponics Market is the largest regional market because of its advanced agricultural techniques.
Hydroponics is a part of hydroculture, the technique for developing plants without soil, utilizing mineral nutrient solutions in a water solvent. Plant Roots are submerged in solvents for nutrients and normally, the solvent would be perlite or gravel.
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The supplements in hydroponics can be from fish waste, duck compost, or ordinary supplements.
There are many factors driving the market. One of the important drivers is that hydroponics gives higher yield compared with conventional agricultural techniques.
It additionally gives farmers the capacity 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.
Lack of awareness about the hydroponic agriculture system and high investment are some of the factors restraining the market growth to an extent.
Europe Hydroponics Market is segmented based on Equipment, Type, Crop Type and Input Type. Based on Equipment, market is segmented into HVAC, LED Grow Light, Communication Technology, Irrigation Systems, Material Handling, and Control Systems.
Based on Type, market is segmented into Aggregate & Liquid. Based on Crop Type, market is further segmented into Tomato, Lettuce & Leafy Vegetables, Cucumber, Pepper & Strawberry.
Based on Input type, market is further segmented into Nutrients, Growth Medium. On the basis of Aggregate hydroponics systems, market is further segmented into Closed Systems, Open Systems.
Based on Liquid Hydroponic systems, market is segmented into Nutrient Film Technique (NFT), Floating Hydroponics, and Aeroponics. On the basis of Closed systems, market is further segmented into The Water Culture System, The EBB and Flow System, Drip Systems, and The Wick System.
HVAC has 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.
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Geographically, market is further segmented into UK, France, Italy, Netherlands, Germany, and Spain. Europe has always been at the front line of executing advanced procedures in hydroponic smart Greenhouse cultivation.
Nations, for example, The Netherlands, Spain, and France have extensive zones under Greenhouse development. However, in The Netherlands, producers generally grow their plants in simple tunnel like greenhouses without the use of atmosphere control advances.
Hydroponics has prospered in Scandinavian nations where traditional farming procedures are nearly impossible amid the winter season.
Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., Lumigrow, Inc. and General Hydroponics, Inc.
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