Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and growing factors that facilitate the industry to witness exponential growth. The region covers the part that does not have arable land and faces water scarcity challenges. This is the reason, the government of the country is immensely dependent upon the exports of products from India, Australia, etc. So to minimize these liabilities, the government is massively focusing on sustainable farming methods that result in the rising number of large commercial farms, substantially accelerating the growth of hydroponics systems in the UAE.
The report further comprises “UAE Hydroponics Market Research Report: By Type (Nutrient Film Technology [NFT], Deep-Water Culture Systems, EBB and Flow Systems, Dutch bucket Systems), By Equipment (HVAC, LED Grow Light, Control Systems, Irrigation Systems, Others [Air pimps, Hydroponic tubing, etc.]), By Farm Type (Indoor, Outdoor), By End Users (Restaurants, Commercial Farms), By Crop Type (Fruits Vegetable, Flowers Turfs), By Region (Dubai, Abu Dhabi Al Ain, Sharjah Northern Emirates), By Company (H2O Hydroponics, Artechno Growsystems, Gulf Hydroponic Agriculture Services LLC, Argus Control Systems Ltd, VeggieTech, Beyond Hydroponics, GreenOponics Agricultural Services LLC, Beyond Hydroponics Green Houses Trading LLC, The Growin, Others) Forecast (2024-2030)”, According to the report, the UAE Hydroponics Market is projected to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-30.
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Key Takeaways
- Study Period: UAE Hydroponics market report historical data – 2019-22, Base year – 2023, and Forecast Period- 2024-30
- Market Growth: The UAE Hydroponics Market is estimated to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-30.
- Growth Driver: The UAE Hydroponics market is expected to expand owing to the increasing agriculture small farms in the UAE
- Growth Challenges: The UAE Hydroponics market is expected to be hampered owing to the unavailability of raw materials, restraining the manufacturing of the hydroponic system
- By Equipment Type: HVAC is expected to acquire a significant share of the UAE Hydroponics Market during 2024-30, owing to the increasing demand for a controlled environment for farming
- By Type: Nutrient Film Technology (NFT) led the market segment because farmers are gradually switching to Deep-water Culture systems because they don't need soil to grow crops.
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