Aquaponics and Hydroponic Systems and Equipment Market Analysis by Top Manufacturers with Recent Trends 2032

 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.

Some of the key factors driving the growth of the global Aquaponics and Hydroponic Systems and Equipment market include expanding R&D efforts to develop novel Aquaponics and Hydroponic Systems and Equipment products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Aquaponics and Hydroponic Systems and Equipment

The COVID-19 pandemic had a significant negative influence on the market for Aquaponics and Hydroponic Systems and Equipment in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Aquaponics and Hydroponic Systems and Equipment were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Aquaponics and Hydroponic Systems and Equipment in 2020. Additionally, demand for Aquaponics and Hydroponic Systems and Equipment decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Aquaponics and Hydroponic Systems and Equipment market : Competitive Landscape

The prominent players operating in the Aquaponics and Hydroponic Systems and Equipment market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Aquaponics and Hydroponic Systems and Equipment market .

Some of the prominent players operating in the market 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

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Aquaponics and Hydroponic Systems and Equipment market ?

What are the key factors driving the Global Aquaponics and Hydroponic Systems and Equipment market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Aquaponics and Hydroponic Systems and Equipment market ?

Who are the distributors, traders, and dealers of Aquaponics and Hydroponic Systems and Equipment market ?

What are the Aquaponics and Hydroponic Systems and Equipment market opportunities and threats faced by the vendors in the Global Aquaponics and Hydroponic Systems and Equipment industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • 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

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Regional Bifurcation of the Aquaponics and Hydroponic Systems and Equipment market Includes:

  • 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)

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About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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