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Stock impact report

Global Hydroponics Equipment Market Outlook Report 2024-2029 - LED Lighting Enhances Production of Food Purpose-Based Rich Sprouts [Yahoo! Finance]

Hydrofarm Holdings Group, Inc. (HYFM) 
Company Research Source: Yahoo! Finance
This report reviews, analyzes and projects the global Hydroponics Equipment market for the period 2020-2029 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2023 through 2029. Hydroponics equipment is primarily needed for indoor farming and comprises Heating, Ventilation, & Air Conditioning (HVAC) Systems, LED Grow Lights, Irrigation Systems, Control Systems and Material Handling Equipment. These form crucial inputs that need to be considered while setting up a hydroponics farm. While the initial costs of establishing an indoor hydroponics farm might seem expensive, the returns over the longer run more often than not outweigh the initial outlay. Because of this, the extent of hydroponic farming across the globe has been growing quite rapidly. According to the report, the HVAC segment was estimated to be valued at US$1.4 billion in 2023, accounting for a share of 28.8%, while the LED Grow Lights segment is projected to grow with the faste Show less Read more
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