Global Aquaponics & Hydroponics Systems and Equipment Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global aquaponics & hydroponics systems and equipments market will account to an estimated USD 1.16 billion in 2018 growing at a CAGR of 15.8% during the forecast period of 2019 to 2026.

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Global Aquaponics & Hydroponics Systems and Equipment Market

Aquaponics & hydroponics systems and equipment can be defined as the technology and devices that are used in the aquaponics & hydroponics service in which the cultivation of plants and water-based animals is different as compared to the conventional & traditional methods.

In hydroponics the plants are grown without the usage of soil but enhanced nutrients are used and aquaponics is the system where the waste produced from water-based animals act as nutrients for the plants where subsequently these plants filter out the water for these animals.

Segmentation: Global Aquaponics & Hydroponics Systems and Equipment Market

Global hair styling products market is segmented on the basis of systems, equipment, produce and geography.

By Systems (NFT, Deep-Water Culture Systems, Media Filled Grow Beds, Ebb & Flow Systems, Others), Equipment (LED Grow Lights, HVAC, Irrigation Systems, Aeration Systems, Others), Produce (Vegetable, Herbs, Fruits, Fish, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN AQUAPONICS & HYDROPONICS SYSTEMS AND EQUIPMENT MARKET

Expansion and collaboration strategy adopted by various competitors

  • In February 2018, spring work farms received USD 1.6 million to expand the business. This company deals in growing lettuce organically.
  • In December 2017, a new company, Les Serres Vert Cannabis Inc. has been formed by the joint venture of Canopy Rivers Corporation and Canopy Growth Corporation. This joint venture is basically done for expansion in the production.

Key Market Competitors: Global Aquaponics & Hydroponics Systems and Equipment Market

Few of the major competitors currently working in the aquaponics & hydroponics systems and equipment market are AMHYDRO, Aquaponic Lynx LLC, Argus Control Systems Ltd, Backyard Aquaponics, BetterGrow Hydro, Colorado Aquaponics, ECF Farmsystems, GreenTech Agro LLC, General Hydroponics, Hydrofarm, Hydrodynamics International, LivinGreen, My Aquaponics, Nelson and Pade, Inc.Pegasus Agriculture, Perth Aquaponics and UrbanFarmers AG.

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