MARKET OVERVIEW:

The Middle East and Africa Hydroponics market are estimated to reach USD 85.35 million by 2023 from a market value of USD 37.65 million in 2018 at a CAGR of 15.5% in the whole market in terms of CAGR thereby continuing the global domination in the international market arena.

DRIVERS & RESTRAINTS OF THE MARKET:

One of the critical factors is that hydroponics gives a higher yield than conventional farming techniques. It also gives farmers the ability to grow crops in areas that cannot support crops in the soil. Besides, hydroponics eliminates the use of false maturation operators and pesticides, which contributes to the production of higher quality plant products. Lack of knowledge of the hydroponic farming system and high levels of investment are some of the factors that limit the growth of the market to a certain extent.

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REPORT SEGMENTED AS:

Based on Equipment:

HVAC
LED Grow Light
Communication Technology
Irrigation Systems
Material Handling
Control Systems
Based on Type:

Aggregate hydroponics system-
The Water Culture System
The EBB and Flow System
Drip Systems
The Wick System
Open system
Liquid hydroponics system-
Nutrient Film Technique (NFT)
Floating Hydroponics
Aeroponics
Based on Crop type:

Tomato
Lettuce
Leafy Vegetables
Cucumber
Pepper
Strawberry
Based on Input type:

Nutrients
Growth Medium
GEOGRAPHICAL SEGMENTATION:

Geographically, the market is segmented into the Middle East and Africa regions. The Middle East and Africa have an untapped market, and key players are slowly expanding to this region which is the main reason for the growth of the market in this region.

KEY MARKET PLAYERS:

Argus Control Systems
Koninklijke Philips NV
Greentech Agro LLC
Logiqs B.V.
Lumigrow Inc.
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THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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