This research presents a regional and country-level analysis and forecasts of the Asia-Pacific Hydroponics Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped
According to the report “Asia-Pacific 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, Asia-Pacific Hydroponics Market has been estimated at USD 46.71 million in 2016 and is projected to reach USD 101.53 million by 2021, at a CAGR of 16.8% during the forecast period from 2016 to 2021. Market is mainly increasing because of large population and growing economy.
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Hydroponics is a part of hydroculture where plants are developed with their roots suspended specifically into water with no soil. This is a kind of hydroponic cultivating known as N.F.T.
and it is an extremely well known method for developing plants hydroponically.
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.
Asia-Pacific 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.
Geographically, market is further segmented into China, Japan, India, Australia and South Korea. Asia-Pacific market is increasing at a significant CAGR during the forecast period owing to its large population and high cultivable lands in countries like India, China.
Major Players dominating the Asia-Pacific Hydroponics Market are:
- Argus Control Systems
- Koninklijke Philips NV
- Greentech Agro LLC
- Logiqs B.V.
- Lumigrow, Inc
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