Aquaponic and Hydroponic Systems and Equipment Market worth USD 2,753.2 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Aquaponic and Hydroponic Systems and Equipment Market by Application (Vegetables, Herbs, Fruits, Fish, and Others), by Technique (Nutrient-Film Technique, Deep-Water Culture System, Media-Filled Grow Bed, Ebb and Flow System, and Others), by Equipment (HVAC, LED Grow Light, Irrigation Systems, Aeration System, and Others), by Region – Global Share and Forecast to 2027". The global aquaponic and hydroponic systems and equipment market size is expected to grow from USD 1,202.8 million in 2020 to USD 2,753.2 million by 2027, at a CAGR of 14.8% during the forecast period. Aquaponic systems offer great benefits over conventional farming techniques. These systems provide temperature, heat, and water control features. Thus, food and crop production are carried out in a greenhouse or a temperature-controlled enclosure. This helps growers to fresh market produce during seasons when developed produce is at its highest seasonal prices. One of the primary factors driving the aquaponic and hydroponic systems and equipment market is the higher yield that comes with the technology. Compared to conventional farming techniques, aquaponic systems require 10% of the land and 5% of the water for vegetable and fruit production and fish farming. With increased awareness of the benefits of aquaponic and hydroponic systems, growers realize the higher yield that comes with these systems.

Global Aquaponic and Hydroponic Systems and Equipment Market Segmentation

The aquaponic and hydroponic systems and equipment market has been segmented into application, technique, equipment, and region.

• By Application (Vegetables, Herbs, Fruits, Fish, and Others)
• By Technique (Nutrient-Film Technique, Deep-Water Culture System, Media-Filled Grow Bed, Ebb and Flow System, and Others)
• By Equipment (HVAC, LED Grow Light, Irrigation Systems, Aeration System, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

HVAC, by equipment, is estimated to hold the largest market share during the forecast period

Based on equipment, the global aquaponic and hydroponic systems and equipment market is segregated into HVAC, LED grow light, irrigation systems, aeration systems, and others. The HVAC has a market share of 44.3% in 2020, accounting for the highest market share in 2020.  The process of aquaponic and hydroponic food production requires constant monitoring and control over food production. This includes maintaining an adequate temperature and heat in the system. Heating, ventilation, and air conditioning are the technology majorly deployed to maintain the aquaponic system's temperature and heat. These systems are designed to consider both internal and external environment fluctuations across the region in which aquaponic and hydroponic systems must be set up.

A wide range of crops is grown through aquaponic and hydroponic systems such as vegetables, fruits, and herbs, requiring a specific temperature and heat condition for optimal growth and nourishment. The HVAC system here controls the heating and temperature requirements for the crop. The system uses outside air for cooling and limits the exchange of air between inside and outside. Some of the key players operating in the HVAC segment are NHS Hydroponics, Wilson Brothers HVAC, The Unico System, Azclimate, and Paradigm Gardens.

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Europe accounts for the largest market share in aquaponic and hydroponic systems and equipment market 2020

Based on the regions, the global aquaponic and hydroponic systems and equipment market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Europe accounted for the highest market share of 32.3% in the global aquaponic and hydroponic systems and equipment market. In recent years, the aquaponic and hydroponic systems and equipment market in the Europe region have been growing steadily. One of the primary drivers for the growth of the aquaponics market in the region is the increasing concern for food safety and security. With increased food safety concerns, the buyer in the Europe region is moving toward packaged food and food developed through alternative farming techniques such as aquaponics and hydroponic. Moreover, initiatives in Europe such as “green crop protection” have helped the manufacturers to invest in product innovation and provide eco-friendly solutions for the applications in the agricultural industry.

Europe is one of the regions in the world where emphasis on food safety and security is high. This adds up to the demand for alternative farming techniques in the region. This acts as a driver for the region's aquaponic and hydroponic systems and equipment market. The countries in Europe generate large amounts of revenue in the aquaponic and hydroponic systems and equipment market. Both aquaponic and hydroponic techniques help support the agriculture industry as they are an integral part of indoor and vertical farming, which is gaining immense popularity in the region. Indoor and vertical farms prevent loss of crops and vegetation due to climatic conditions and help in improving yields by ensuring optimum nutrient supply.

ECF Farm systems, AmHydro, BetterGrow Hydro, Colorado Aquaponics, Aquaponic Lynx LLC, Endless Food Systems, LivinGreen, Nelson & Pade Aquaponics, Hydrodynamics International, Hydrofarm LLC, General Hydroponics, Pegasus Agriculture, PentairAES, Perth Aquaponics, GreenTech Agro LLC, Argus Control Systems Limited, and UrbanFarmers AG, are some of the major players in the global market of aquaponic and hydroponic systems and equipment.

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