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UAE Hydroponics Market: Share, Growth, Trends Analysis, Business Opportunities and Forecast 2030: MarkNtel Advisors

ReportTok - Daily news and Magazines August 20, 2024

 

Market Insights

As per recent research by MarkNtel Advisors, The UAE Hydroponics Market is projected to grow at a CAGR of around 15.2% during the forecast period, i.e., 2024-30.

UAE Hydroponics Market Key Driver:

Increasing Agricultural Smart Farms in the UAE - Since the UAE does not have arable land & faces water scarcity challenges, conventional farming is not possible in the country. The government exports over 90% of its food products annually from countries like India, Australia, etc. With this reliance of the UAE on the neighboring countries, even the slightest fluctuation or disruption in logistics affects the prices of food products in the country. Hence, to minimize vulnerabilities like price hikes & market supply stocks, the government of the UAE is actively promoting the use of sustainable farming methods, i.e., resulting in the increasing number of large commercial farms, consequently augmenting the sales of hydroponic systems in the UAE.

Further, the government of the country is continuously seeking to integrate the most recent technology into the contemporary agricultural approach due to poor soil quality. Thus, there has been an incorporation of these systems in the farms located in the UAE to grow crops without the soil & large quantity of water. As a result, there has been an upsurge in sales during the historical period.

Moreover, according to the Head of UAE's Food and Water Security Office in 2022, the number of farms in the UAE has marginally expanded, with more than 35,000 farms in the country, out of which the majority of these farms use modern technologies like hydroponic farming & vertical farming. Further, growing investments by private entities like Zones Corp., Khalifa Fund for Enterprise Development, etc., in sustainable farming techniques also indicate a notable market growth in the UAE in the coming years.

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Market Segmentation and Consumer Behavior:

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

Read Full Report: https://www.marknteladvisors.com/research-library/uae-hydroponics-market.html

UAE Hydroponics Market Geographical Analysis:

By Region:

  • Dubai
  • Abu Dhabi & Al Ain
  • Sharjah & Northern Emirates

Key Players and Competitive Strategies in the UAE Hydroponics Market

Several prominent players dominate the UAE Hydroponics Market, including:

  • 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

Report Delivery - MarkNtel Advisors offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

1.What factors are driving the UAE Hydroponics Market growth?

2.How is the UAE Hydroponics Market expected to grow over the next five years?

3.What are the key insights into the current trends in the UAE Hydroponics Market?

4.What is the current size of the UAE Hydroponics Market, and how is it projected to change in the future?

5.What is the future outlook for the UAE Hydroponics Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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