With the gradual recovery of markets from the aftermath of the COVID-19 pandemic, the hydroponics technologies market is likely to witness a negative impact during the forecast period.
Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
The recovery process involves various phases including:-
- Addressing Potential Impacts by Facilitating changes in Process Designs
- Focusing on agile execution of proposed and approved changes.
- Assessing Impact on Critical IT infrastructure and Software System
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Hydroponics Technologies Market Participants:
Advanced LED Grow Lights – The company offers hydroponics technologies such as LED grow lights which emit both red and blue spectrums.
American Hydroponics – The company offers hydroponics technologies Nutrient Film Technique (NFT) Systems designed for space optimization, cleanliness, and uniform crop production.
CropKing Inc. – The company offers a hydroponic growing system under the brand name Bato Bucket System and NFT Gutter System.
Hydroponics Technologies Market 2021-2025: Segmentation
- Technology
- Environment And Climate Control Systems
- Grow Lights
- Farm Management Systems
- Material Handling Systems
- Geography
- Europe
- APAC
- North America
- South America
- MEA
The hydroponics technologies market is driven by facilitation in soil and space-saving, the need for reduction in soil and water pollution, and an increase in the offering of certified products.
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- Market Drivers
- Market Challenges
- Market Trends
- Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Hydroponics Technologies Market Scope
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 14.46% |
|
Market growth 2021-2025 |
$ 512.87 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
12.24 |
|
Regional analysis |
Europe, APAC, North America, South America, and MEA |
|
Performing market contribution |
Europe at 33% |
|
Key consumer countries |
US, The Netherlands, Japan, China, and Canada |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Advanced LED Grow Lights, American Hydroponics, CropKing Inc., Growers Supply, Honeywell International Inc., Kahn Climate Control, Koninklijke Philips NV, Nutriculture Grow Systems, Siemens AG, and SuperCloset |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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