North America Hydroponics Market

North America Hydroponics Market Size (2022 - 2027)

North America Hydroponics Market was estimated to be USD 70.92 million in 2021 and is predicted to reach USD 128.63 million by 2027 with a CAGR of 17.3 %.

Hydroponics is a part of hydroculture, the technique for developing plants without soil, utilizing mineral nutrient solutions in a water solvent. Hydroponics allows you to grow any plant regardless of climate and conditions by supplying them with sufficient nutrients. The supplements in hydroponics can be from fish waste, duck compost, or ordinary supplements.

Market Drivers and Restraints:

One of the important drivers is that hydroponics gives a 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.

NORTH AMERICA HYDROPONICS MARKET REPORT COVERAGE:

Market Segmentation:

North America Hydroponics Market - By Equipment:

• HVAC

• LED Grow Light

• Communication Technology

• Irrigation Systems

• Material Handling

• Control Systems

North America Hydroponics Market - By Type:

• Aggregate & Liquid

North America Hydroponics Market - By Crop Type:

• Tomato

• Lettuce & Leafy Vegetables

• Cucumber

• Pepper & Strawberry

North America Hydroponics Market - By Input Type:

• Nutrients

• Growth Medium

North America Hydroponics Market - By Aggregate Hydroponics Systems:

• Closed Systems

• Open Systems

North America Hydroponics Market - By Liquid Hydroponic Systems:

• Nutrient Film Technique (NFT)

• Floating Hydroponics

• Aeroponics

North America Hydroponics Market - By Closed Systems:

• The Water Culture System

• The EBB and Flow System

• Drip Systems

• 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.

North America Hydroponics Market - By Region: 

Geographically, the market is further segmented into

• US

• Canada

North America is the second-largest market and fastest-growing region in the world owing to its advanced agricultural techniques, the strong presence of major players, and increasing Demand for Healthy food.

Key Players: 

Major Players dominating the market are Argus Control Systems, Koninklijke Philips NV, Greentech Agro LLC, Logiqs B.V., and Lumigrow, Inc.