Hydroponic Market: Trends, Opportunities and Competitive Analysis

Trends, opportunities, and forecast in global hydroponic market to 2024 by technique (aggregate hydroponic system and open systems), equipment (HVAC, led grow light, communication technology, irrigation systems, material handling, control systems, and other equipment), and region (North America,Europe, APAC, and RoW).

Publisher: Lucintel Published: May 2026
See Pricing

Download Sample Report

| ✨ New Download Sample report — Get instant insights! | ✨ New Download Sample report — Get instant insights!

Hydroponic Market: Trends, Opportunities and Competitive Analysis

Report Feature

Thefuture of the hydroponic market looks promising with opportunities in the agriculture sector. The global hydroponic market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drive

r for this market are  increase in the demand  of exotic, and salad crops and higher yields than traditional soil-based agriculture. 

More than 150 page report is developed to help your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of hydroponics market report download the report brochure.



Hydroponic Market by Segment Type

Global Hydroponic Market

Hydroponic Market Share Analysis of Major Manufacturers


The study includes the Hydroponics market size and forecast for the global Hydroponics market through 2024, segmented by technique, equipment, and region as follows:

By Technique [$M shipment analysis for 2013 – 2024]:
  • Aggregate Hydroponic System
    • Closed Systems
    • Open Systems
  • Liquid Hydroponic Systems

By Equipment [$M shipment analysis for 2013 – 2024]:
  • HVAC
  • LED Grow Light
  • Communication Technology
  • Irrigation Systems
  • Material Handling
  • Control Systems
  • Other Equipment

By Region [$M shipment analysis for 2013 – 2024]:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
  • RoW
    • South America
    • The Middle East and South Africa

Some of the hydroponics companies profiled in this report include American Hydroponics, LumiGrow, Terra Tech Corp, Triton Foodworks Ltd., Urban cultivator, Village Farms, and Iron Ox.

Some of the features of "Global Hydroponics Market 2019-2024: Trends, Forecast, and Opportunity Analysis" include
  • Market size estimates: Global hydroponics market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by segments
  • Segmentation analysis: Global market size by technique, equipment, and region
  • Regional analysis: Global hydroponics market breakdown by North America, Europe, Asia Pacific, and the Rest of the World
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for Hydroponics in the global Hydroponics market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for hydroponics in the global hydroponics market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary 2. Industry Background and Classifications 2.1: Introduction, Background, and Classification 2.2: Supply Chain 2.3: Industry Drivers and Challenges
5. Competitor Analysis: 5.1: Product Portfolio Analysis 5.2: Market Share Analysis 5.3: Operational Integration 5.4: Geographical Reach 5.5: Porter’s Five Forces Analysis 7. Company Profiles of Leading Players: 7.1: American Hydroponics 7.2: LumiGrow 7.3: Terra Tech Corp 7.4: Triton Foodworks Ltd. 7.5: Urban cultivator 7.6: Village Farms 7.7: Iron Ox

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

Buy Now

Choose a license that fits your team. Instant PDF delivery.

Market Report

1 User PDF

$4,850
Buy Now

Market Report

2-5 Users PDF

$6,700
Buy Now

Market Report

Corporate PDF

$8,850
Buy Now

Market Report

Global PDF

$10,000
Buy Now

Prices exclude taxes. Instant delivery. Custom licensing available on request.

Key Questions

  • Which segments will grow at a faster pace and why?
  • Which regions will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the drivers and challenges of the hydroponics market?
  • What are the business risks and threats to the hydroponic market?
  • What are emerging trends in the hydroponic market and the reasons behind them?
  • What are some changing demands of customers in the hydroponic market?
  • What are the new developments in the hydroponic market? Which companies are leading these developments?
  • Who are the major players in the hydroponic market? What strategic initiatives are being implemented by key players for business growth?
  • What are some of the competitive products and processes in the hydroponic market, and how big of a threat do they pose for loss of market share via material or product substitution?
  • What M & A activities took place in the last five years in this hydroponic market?
Why Choose Us

The Lucintel Advantage

Trusted partner for strategic intelligence and business growth

25+ Years Excellence

25+ Years Excellence

Quarter century of proven expertise in management consulting and market research across global markets.
Game-Changer Ideas

Game-Changer Ideas

Innovative strategies and actionable insights that help clients become the smartest in their industry.
Global Reach

Global Reach

Extensive coverage across 50+ industries and markets worldwide with localized expertise.
Start Your Growth Journey

Get Your Free
Market Intelligence
Briefing

Receive a complimentary market analysis tailored to your industry. Our analysts will identify key growth opportunities and competitive dynamics specific to your business.

Custom Market Snapshot

Market size, growth rate, and key trend analysis for your specific sector.

Competitive Landscape Overview

Top competitor positioning and market share analysis.

Growth Opportunity Identification

Strategic recommendations backed by data-driven insights.

Subscribe

Subscribe to our Newsletter

Get curated market intelligence and competitive moves straight to your inbox.

By subscribing, you agree to receive our monthly insights. Unsubscribe anytime.

Industry Trends Market Signals Opportunities Competitor Moves