The global aquaponic and hydroponic systems and equipment market size was US$ 1.6 billion in 2021. The global aquaponic and hydroponic systems and equipment market is forecast to grow to US$ 3.9 billion by 2030 by growing at a compound annual growth rate (CAGR) of 14.1% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Increasing food demand and rising concerns over food security will benefit the global aquaponic and hydroponic systems and equipment market. In addition, the growing world population and rising agricultural practices will escalate the growth of the aquaponic and hydroponic systems and equipment market.

The negative environmental effects of conventional agriculture and depletion of natural resources will drive the global aquaponic and hydroponic systems and equipment market forward. Further, the improper use of synthetic chemical inputs into the soil and the contamination of water resources will significantly increase the demand for alternative production systems.

Natural resources such as medicinal plants are extremely valuable. The growing demand for these plants will increase the adoption of aquaponic and hydroponic systems and equipment.

COVID-19 Impact Analysis

Agriculture is important in numerous countries, including India, the United States, Australia, and Indonesia. Countries with a well-established aquaponic and hydroponic setup have encountered significant challenges due to the COVID-19 pandemic. Because of the pandemic, supply chains for major equipment used in aquaponic and hydroponic growing setups were severely disrupted. HVAC systems, LED grow light, and aeration systems were among them. In addition, the lack of equipment required for the operation of an aquaponic farm has severely reduced production and yield. Thus, it led to a negative impact on the global aquaponic and hydroponic systems and equipment market.

Regional Analysis

Asia-Pacific comprises the countries with the highest population densities. China and India have higher food demand, which is expected to drive the Asia-Pacific aquaponic and hydroponic systems and equipment market. Agriculture is a major source of income for a large portion of the population in these countries. Food demand in countries such as India and China, is expected to rise as their populations grow. Aquaponic and hydroponic techniques would aid in increasing these countries' agricultural productivity. As a result, rising food demand is expected to fuel the growth of the Asia-Pacific aquaponic and hydroponic systems and equipment market. In addition, favorable policies by government organizations and beneficial incentives will benefit the regional aquaponic and hydroponic systems and equipment market in the coming years.

Competitors in the Market

BetterGrow Hydro
Colorado Aquaponics
ECF Farm systems
AmHydro
Aquaponic Lynx LLC
Endless Food Systems
Hydrodynamics International
Hydrofarm LLC
LivinGreen
Nelson & Pade Aquaponics
General Hydroponics
GreenTech Agro LLC
Pegasus Agriculture
PentairAES
Perth Aquaponics
Argus Control Systems Limited
UrbanFarmers AG
Other Prominent Players
Market Segmentation

The global aquaponic and hydroponic systems and equipment market segmentation focuses on Application, Technique, Equipment, and Region.

By Application Outlook

Vegetables
Herbs
Fruits
Fish
Others
By Technique Outlook

Nutrient-Film Technique
Deep-Water Culture System
Media-Filled Grow Bed
Ebb and Flow System
Others
By Equipment Outlook

HVAC
LED Grow Light
Irrigation Systems
Aeration System
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America