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Stock impact report

Hydroponics Equipment World Market Report 2024, Featuring Profiles of American Hydroponics, GreenTech Agro, Heliospectra, HortiMaX, HydroGarden, Hydrofarm, Hydroponic Systems, Logiqs and S...

Hydrofarm Holdings Group, Inc. (HYFM) 
Company Research Source: Yahoo! Finance
The global market for Hydroponic Equipment is estimated at US$4.8 billion in 2023 and is projected to reach US$8.6 billion by 2029 at a CAGR of 10.1% between 2023 and 2029. Hydroponics equipment is primarily needed for indoor farming and comprises Heating, Ventilation & Air Conditioning (HVAC) Systems, LED Grow Lights, Irrigation Systems, Control Systems and Material Handling Equipment. These form crucial inputs that need are essential while setting up a hydroponics farm. Although the initial costs of establishing an indoor hydroponics farm can seem prohibitive, longer-term returns more than justify this initial outlay. Owing to this and several other factors, hydroponic farming across the world has been witnessing exponential growth that is likely to sustain over the longer term. This world market compendium focuses on a high level analysis of the Hydroponic Equipment market in terms of value in US$ for historical/current trends and forecast by Equipment Type - Heating, Ventilat Show less Read more
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