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Global Hydroponics System Market By Type (Fusion, Down-drown, Others), By Equipment (Material Handling, Irrigation Systems, Others), By Crop Type (Vegetables, Flowers, Others), By Region–Forecast & Opportunities to 2026

The global hydroponics system market accounted for a value of USD 6.6 billion in 2019. It is projected to grow at a CAGR of 14.9% during the forecast period.

COVID-19 has impacted hydroponics system. Many people across the world are refraining from outside food adopting healthy eating habits as health and food safety are becoming major concern for people these days. The people across the world are depending more on home cooked food. Due to this the restaurants business are in jeopardy. The corona virus outbreak has led to rise in adoption of hydroponics farming system worldwide. It is estimated to foresee sharp growth due to this pandemic situation around the world although initially this market has faced many challenges like shortage of labor, window of harvesting of seasonal crops was missed and the decline in price of agriculture products. Despite all this challenges the hydroponics system market is expected to register significant growth.


Hydroponics can be defined as an agricultural technique which is used to grow plants in a soil-less medium such as water solution and mineral nutrient. It is a profitable and environmental-friendly technology which is promoted by organization weather governmental or non-governmental for its various benefits in terms of food security.

Market Dynamics (Drivers/Opportunities):

The extensive growth of population around the world has catalyzed the growth of hydroponics farming systems to meet the food requirements. This is an environmental-friendly technology and being promoted by government of many regions. It gives higher yield as compared to other conventional agriculture technologies and farmers across the globe are shifting to hydroponics market. This is major driver of hydroponics system market.

According to UN reports, plants grown with hydroponics systems have achieved 20-25% higher yield than other conventional systems. It has 2-5 times higher productivity depending on environmental conditions. The effects of climatic changes can be balanced by hydroponics systems. It does not affect the annual crop production. This is drives the hydroponics system market.

With the rise in technology in agricultural segment, the adoption of hydroponics systems are increasing among the farmers. Researchers and manufacturers across the globe are working on improving efficiency of technologies such as hydroponics to increase the quantity and quality of the agricultural products. The key market players are investing heavily in this market to boost the production. This has created huge opportunities in this market.

Market Insights, by Type

On the basis of type, the hydroponics market is segmented into aggregate systems and liquid systems. The liquid systems segment is projected to grow at highest CAGR during the forecast period. The liquid systems segment is more cost effective. The liquid systems are more feasible then traditional systems but the initial setup is cost very much high for these systems. Liquid systems operate in closed mode due to which there is reduction in cost of nutrient solution. They have higher productivity and preferred by farmers more thus, leading to growth in liquid systems market in hydroponics segment.

Market Insights, by Equipment

On the basis of equipment, the hydroponics systems market is segmented into HVAC, led grow light, control systems, material handling and irrigation systems. The heating, ventilation and air conditioning (HVAC) segment is estimated to hold highest market share during the forecast period. It plays a crucial role in development of indoor growers. This system is responsible for dehumidification, cooling and maintaining optimum temperature inside the facility. For operation of hydroponic systems, HVAC is essential, reliable and well-controlled. This is attributing growth in HVAC segment during the forecast period.   

Market Insights, by Crop Type

 On the basis of crop type, the hydroponics market is segmented into vegetables, fruits and flowers.  The fruits segment is expected to foresee growth at highest CAGR during the forecast period. Seasonal fruits can be grown and harvested throughout the year using hydroponics due to indoor farming unit or interior greenhouse conditions.  The water adaptable fruits such as tomatoes, cantaloupe and watermelon are the easier to grow with hydroponics technology which is why preferred by farmers. The farmers are cultivating more and more fruits using hydroponics and this is driving growth in hydroponics market.

Regional Insights

Europe region is expected to hold higher market share during the forecast period. In this region, the adoption of hydroponics technology is increasing. The faster adoption and implementation of advanced technologies has been seen in this region. The green house cultivation area is larger in many countries such as Spain, France and Netherlands and advanced techniques of hydroponics smart greenhouse farming is used here. The growth in hydroponics market is driven by advanced greenhouse farming methods during the forecast period.

Key Companies & Market Share Insights

The key market players in hydroponics systems market are Argus Control System, Heliospectra AB, Signify Holdings, Scotts Miracle Gro, LumiGrow, American Hydroponics, Emerald Havest, Advanced Nutrients, Hydroponic Systems International, Grobo, Vitalink, Hydrodynamics International and Logiqs B.V.

The key players are investing more in this segment. The expansion, collaborations and mergers are expected to be seen during forecast period. Many strategies have been adopted by key market players like acquisition, partnerships, agreements and joint ventures to strengthen their market presence.

Segments Covered in the Report

This report forecasts The Global Hydroponics system Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global hydroponics system market report on the basis of type, equipment, and crop type.

Hydroponics System Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Hydroponics System Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Float
  • Fusion
  • Down-drown
  1. Hydroponics System Market, By Equipment , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • HVAC
  • LED Grow Light
  • Control Systems
  • Material Handling
  • Irrigation Systems
  1. Hydroponics System Market, By Crop Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Vegetables
  • Fruits
  • Flowers
  1. Hydroponics System Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Equipment
    • By Crop Type
    • By Country
      • USA
        • By Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Equipment
      • By Crop Type
      • By Country
        • Brazil
          • By Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Equipment
        • By Crop Type
        • By Country
          • UK
            • By Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Equipment
          • By Crop Type
          • By Country
            • China
              • By Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Equipment
            • By Crop Type
            • By Country
              • Saudi Arabia
                • By Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Logiqs B.V.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Argus Control System
    • Heliospectra AB
    • Signify Holdings
    • Scotts Miracle Gro
    • LumiGrow
    • American Hydroponics
    • Emerald Havest
    • Advanced Nutrients
    • Hydroponic Systems International
    • Grobo
    • Vitalink
    • Hydrodynamics International
    • Kubo Group
    • Village farms International
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista


1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:


1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.


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