The North America Hydroponics Market would witness market growth of 18.4% CAGR during the forecast period (2021-2027).
Hydroponics Market is being driven by increased yields compared to traditional agriculture approaches. Plants produced in hydroponic systems provide a greater yield than plants cultivated in regular agricultural systems, with productivity levels 2–5 times higher. Furthermore, the influence of climatic variations may be balanced with the aid of these systems due to regulated environmental conditions, resulting in no impact on yearly crop yield. CEH methods have a direct impact on agricultural harvesting.
Climate control, nutrient film methods, and sensor technologies, among other advancements, are projected to boost market growth in the coming years. With a variety of sensors, online platforms, software, and mobile applications, hydroponics farming solution companies give users with a variety of methods to manage and monitor their crops. SmartBee Technology, Inc., for example, supplies irrigation controllers, water and nutrient sensors, ambient sensors, and software that gives farmers real-time control. The use of IoT in a more advanced way allows for autonomous and remote data collecting and monitoring.
The market need for hydroponic operations is being driven by the region's desire for fresh vegetables and fruits. Currently, the hydroponics farms in the area are family or small commercial enterprises that encompass around one acre. Rooftop hydroponic gardens in cities like New York are assisting the market's expansion. The advancement of hydroponic production systems that are cost competitive with open-field agricultural methods is critical to the future growth of the hydroponics sector in the region.
Commercial vegetable growers are turning to hydroponic production because it is a cost-effective way to regulate inputs and manage disease and pests while also being a labor-intensive way to manage greater regions of output. Farmers in the region are expected to embrace hydroponics as a popular growth method since it reduces necessity soil fumigants and can enhance yields of popular vegetables. The industry is expected to rise due to the growing use of hydroponics as a cultivation method.
The US market dominated the North America Hydroponics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,591.7 million by 2027. The Canada market is poised to grow at a CAGR of 21.1% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 20% during (2021 - 2027).
Based on Type, the market is segmented into Aggregate Systems and Liquid Systems. Based on Crops, the market is segmented into Tomatoes, Lettuce, Peppers, Cucumbers, Herbs, Fruits, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Hydroponics Market is Estimated to reach $13.4 Billion by 2027, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Argus Control Systems Limited, The Scotts Miracle-Gro Company, American Hydroponics, LumiGrow, Inc., Emerald Harvest, Hydroponic Systems International, Hydrofarm Holdings Group, Inc., HydroGarden Ltd., Signify N.V., and Heliospectra AB.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Aggregate Systems and
- Liquid Systems
By Crops
- Tomatoes
- Lettuce
- Peppers
- Cucumbers
- Herbs
- Fruits
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Argus Control Systems Limited
- The Scotts Miracle-Gro Company
- American Hydroponics
- LumiGrow, Inc.
- Emerald Harvest
- Hydroponic Systems International
- Hydrofarm Holdings Group, Inc.
- HydroGarden Ltd.
- Signify N.V.
- Heliospectra AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Hydroponics Market, by Type
1.4.2 North America Hydroponics Market, by Crops
1.4.3 North America Hydroponics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Hydroponics Market by Type
3.1 North America Aggregate Systems Market by Country
3.2 North America Liquid Systems Market by Country
Chapter 4. North America Hydroponics Market by Crops Type
4.1 North America Tomatoes Market by Country
4.2 North America Lettuce Market by Country
4.3 North America Peppers Market by Country
4.4 North America Cucumbers Market by Country
4.5 North America Herbs Market by Country
4.6 North America Fruits Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Hydroponics Market by Country
5.1 US Hydroponics Market
5.1.1 US Hydroponics Market by Type
5.1.2 US Hydroponics Market by Crops Type
5.2 Canada Hydroponics Market
5.2.1 Canada Hydroponics Market by Type
5.2.2 Canada Hydroponics Market by Crops Type
5.3 Mexico Hydroponics Market
5.3.1 Mexico Hydroponics Market by Type
5.3.2 Mexico Hydroponics Market by Crops Type
5.4 Rest of North America Hydroponics Market
5.4.1 Rest of North America Hydroponics Market by Type
5.4.2 Rest of North America Hydroponics Market by Crops Type
Chapter 6. Company Profiles
6.1 Argus Control Systems Limited (Controlled Environments Limited)
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.2 The Scotts Miracle-Gro Company
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Acquisition and Mergers:
6.3 American Hydroponics
6.3.1 Company Overview
6.4 LumiGrow, Inc.
6.4.1 Company Overview
6.5 Emerald Harvest
6.5.1 Company Overview
6.6 Hydroponic Systems International
6.6.1 Company Overview
6.7 Hydrofarm Holdings Group, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional Analysis
6.7.4 Recent strategies and developments:
6.7.4.1 Partnerships, Collaborations, and Agreements:
6.7.4.2 Acquisition and Mergers:
6.8 HydroGarden Ltd.
6.8.1 Company Overview
6.9 Signify N.V.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.10. Heliospectra AB
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Recent strategies and developments:
6.10.3.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Hydroponics Market, 2017 - 2020, USD Million
TABLE 2 North America Hydroponics Market, 2021 - 2027, USD Million
TABLE 3 North America Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 4 North America Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 5 North America Aggregate Systems Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Aggregate Systems Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Liquid Systems Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Liquid Systems Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 10 North America Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 11 North America Tomatoes Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Tomatoes Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Lettuce Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Lettuce Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Peppers Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Peppers Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Cucumbers Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Cucumbers Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Herbs Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Herbs Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Fruits Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Fruits Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Hydroponics Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Hydroponics Market by Country, 2021 - 2027, USD Million
TABLE 27 US Hydroponics Market, 2017 - 2020, USD Million
TABLE 28 US Hydroponics Market, 2021 - 2027, USD Million
TABLE 29 US Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 30 US Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 31 US Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 32 US Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 33 Canada Hydroponics Market, 2017 - 2020, USD Million
TABLE 34 Canada Hydroponics Market, 2021 - 2027, USD Million
TABLE 35 Canada Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 36 Canada Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 37 Canada Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 38 Canada Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 39 Mexico Hydroponics Market, 2017 - 2020, USD Million
TABLE 40 Mexico Hydroponics Market, 2021 - 2027, USD Million
TABLE 41 Mexico Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 42 Mexico Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 43 Mexico Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 44 Mexico Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 45 Rest of North America Hydroponics Market, 2017 - 2020, USD Million
TABLE 46 Rest of North America Hydroponics Market, 2021 - 2027, USD Million
TABLE 47 Rest of North America Hydroponics Market by Type, 2017 - 2020, USD Million
TABLE 48 Rest of North America Hydroponics Market by Type, 2021 - 2027, USD Million
TABLE 49 Rest of North America Hydroponics Market by Crops Type, 2017 - 2020, USD Million
TABLE 50 Rest of North America Hydroponics Market by Crops Type, 2021 - 2027, USD Million
TABLE 51 Key Information – Argus Control Systems Limited
TABLE 52 Key Information – The Scotts Miracle-Gro Company
TABLE 53 Key Information – American Hydroponics
TABLE 54 Key Information – LumiGrow, Inc.
TABLE 55 Key Information – Emerald Harvest
TABLE 56 Key Information – Hydroponic Systems International
TABLE 57 Key Information – Hydrofarm Holdings Group, Inc.
TABLE 58 Key Information – HydroGarden Ltd.
TABLE 59 Key Information – Signify N.V.
TABLE 60 key information – Heliospectra AB
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Hydrofarm Holdings Group, Inc.