MARKET OUTLOOK

Global pet food market would progress with a CAGR of 7.91% in the forecast duration from 2023 to 2030.
This market is expected to be mainly driven by factors such as the high demand for organic & premium pet food and the rising spending by owners on pet food. In addition, the surging demand for therapeutic pet foods and the escalating growth of the e-commerce distribution channel are also contributing to the pet food market’s growth.
On the other hand, a lack of transparency regarding the ingredients used in pet food products and production & supply chain discrepancies are hindering this growth. However, growing pet adoption worldwide, the humanization of pets, awareness about the health benefits of supplements, and the demand for sustainable and value-driven brands present lucrative growth opportunities to the studied market.
REGIONAL OUTLOOK
The global market for pet food spans across North America, the Middle East and Africa, Europe, the Asia-Pacific, and Latin America.
North America is the leading regional market globally, and held the highest revenue share in 2022. The demand for pet food has witnessed considerable growth in the region, owing to increased pet adoption in the US and Canada. Whereas, the Asia-Pacific is expected to showcase the fastest growth in the global market over the forecasted period. The trend of pet humanization is likely to continue driving the demand for pet food in the region, especially in Australia & New Zealand.
COMPETITIVE OUTLOOK
The key players studied in the pet food market report include Diamond Pet Foods, Champion Petfoods LP, Farmina Pet Foods, Hill’s Pet Nutrition Inc, Mars Petcare Ltd, Inaba Foods Co Ltd, Unicharm Corporation, Nestle Purina Petcare, Wellness Pet Company, and Blue Buffalo Pet Products Inc.
Mars Petcare Ltd is the company behind famous brands, such as Pedigree and Whiskas. Its other brands include Cesar, Misfits, Royal Canin, Chappie, and Nutro (for dogs); Sheba, Kitekat, and Dreamies (for cats); and Trill and Aquarian (for other animals). Established in 1920, Mars Petcare has an industry experience of over 100 years. With a business presence in over 80 countries and a strong workforce of 130,000 employees around the world. The company accounted for a revenue of $40 billion in 2021.

TABLE OF CONTENTS

1. GLOBAL PET FOOD MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT ANALYSIS ON THE PET FOOD MARKET
2.1.1. COVID-19 IMPACT ON THE PET FOOD MARKET
2.1.2. UKRAINE-RUSSIA WAR IMPACT ON THE PET FOOD MARKET
2.2. PORTER’S FIVE FORCES ANALYSIS
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTES
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. THREAT OF COMPETITIVE RIVALRY
2.3. MARKET MATURITY ANALYSIS
2.4. INDUSTRY COMPONENTS
2.4.1. RAW MATERIAL SUPPLIERS
2.4.2. MANUFACTURERS
2.4.3. DISTRIBUTION CHANNELS
2.4.4. END-USERS
2.5. REGULATORY FRAMEWORK
2.6. KEY BUYING IMPACT ANALYSIS
2.6.1. PRODUCT TYPE
2.6.2. PRODUCT QUALITY
2.6.3. PRICE
2.6.4. BRAND
2.6.5. PACKAGING
2.7. KEY MARKET STRATEGIES
2.7.1. PRODUCT LAUNCHES
2.7.2. ACQUISITIONS
2.8. MARKET DRIVERS
2.8.1. HIGH DEMAND FOR PREMIUM AND ORGANIC PET FOOD
2.8.2. INCREASED SPENDING ON PET FOOD
2.8.3. RISING DEMAND FOR THERAPEUTIC PET FOOD
2.8.4. ESCALATING GROWTH OF E-COMMERCE AS A DISTRIBUTION CHANNEL IN THE PET FOOD MARKET
2.9. MARKET CHALLENGES
2.9.1. DECEPTIVE CLAIMS BY MANUFACTURERS REGARDING INGREDIENTS LEADING TO PET OBESITY
2.9.2. PRODUCTION AND SUPPLY CHAIN THREATS
2.10. MARKET OPPORTUNITIES
2.10.1. DESIRE FOR SUSTAINABLE AND VALUE-DRIVEN BRANDS
2.10.2. HUMANIZATION OF PETS
2.10.3. GROWING AWARENESS REGARDING THE HEALTH BENEFITS OF SUPPLEMENTS
2.10.4. GROWING PET ADOPTION ACROSS THE GLOBE
2.11. ANALYST PERSPECTIVE
3. GLOBAL PET FOOD MARKET OUTLOOK – BY ANIMAL TYPE
3.1. DOGS
3.1.1. WET DOG FOOD
3.1.2. DRY DOG FOOD
3.1.3. TREATS & MIXES FOR DOGS
3.2. CATS
3.2.1. WET CAT FOOD
3.2.2. DRY CAT FOOD
3.2.3. TREATS & MIXES FOR CATS
3.3. OTHER ANIMAL TYPES
4. GLOBAL PET FOOD MARKET OUTLOOK – BY FOOD TYPE
4.1. WET FOOD
4.2. DRY FOOD
4.3. OTHER FOOD TYPES
5. GLOBAL PET FOOD MARKET OUTLOOK – BY DISTRIBUTION CHANNEL
5.1. STORE-BASED
5.2. E-COMMERCE
5.3. VETERINARY
5.4. OTHER DISTRIBUTION CHANNELS
6. GLOBAL PET FOOD MARKET – REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET BY ANIMAL TYPE
6.1.2. MARKET BY FOOD TYPE
6.1.3. MARKET BY DISTRIBUTION CHANNEL
6.1.4. COUNTRY ANALYSIS
6.1.4.1. UNITED STATES
6.1.4.1.1. UNITED STATES PET FOOD MARKET FORECAST & PROSPECTS
6.1.4.2. CANADA
6.1.4.2.1. CANADA PET FOOD MARKET FORECAST & PROSPECTS
6.2. EUROPE
6.2.1. MARKET BY ANIMAL TYPE
6.2.2. MARKET BY FOOD TYPE
6.2.3. MARKET BY DISTRIBUTION CHANNEL
6.2.4. COUNTRY ANALYSIS
6.2.4.1. UNITED KINGDOM
6.2.4.1.1. UNITED KINGDOM PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.2. GERMANY
6.2.4.2.1. GERMANY PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.3. FRANCE
6.2.4.3.1. FRANCE PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.4. ITALY
6.2.4.4.1. ITALY PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.5. NORDIC COUNTRIES
6.2.4.5.1. NORDIC COUNTRIES PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.6. BELGIUM
6.2.4.6.1. BELGIUM PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.7. POLAND
6.2.4.7.1. POLAND PET FOOD MARKET FORECAST & PROSPECTS
6.2.4.8. REST OF EUROPE
6.2.4.8.1. REST OF EUROPE PET FOOD MARKET FORECAST & PROSPECTS
6.3. ASIA-PACIFIC
6.3.1. MARKET BY ANIMAL TYPE
6.3.2. MARKET BY FOOD TYPE
6.3.3. MARKET BY DISTRIBUTION CHANNEL
6.3.4. COUNTRY ANALYSIS
6.3.4.1. CHINA
6.3.4.1.1. CHINA PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.2. JAPAN
6.3.4.2.1. JAPAN PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.3. INDIA
6.3.4.3.1. INDIA PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.4. SOUTH KOREA
6.3.4.4.1. SOUTH KOREA PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.5. ASEAN COUNTRIES
6.3.4.5.1. ASEAN COUNTRIES PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.6. AUSTRALIA & NEW ZEALAND
6.3.4.6.1. AUSTRALIA & NEW ZEALAND PET FOOD MARKET FORECAST & PROSPECTS
6.3.4.7. REST OF ASIA-PACIFIC
6.3.4.7.1. REST OF ASIA-PACIFIC PET FOOD MARKET FORECAST & PROSPECTS
6.4. LATIN AMERICA
6.4.1. MARKET BY ANIMAL TYPE
6.4.2. MARKET BY FOOD TYPE
6.4.3. MARKET BY DISTRIBUTION CHANNEL
6.4.4. COUNTRY ANALYSIS
6.4.4.1. BRAZIL
6.4.4.1.1. BRAZIL PET FOOD MARKET FORECAST & PROSPECTS
6.4.4.2. MEXICO
6.4.4.2.1. MEXICO PET FOOD MARKET FORECAST & PROSPECTS
6.4.4.3. REST OF LATIN AMERICA
6.4.4.3.1. REST OF LATIN AMERICA PET FOOD MARKET FORECAST & PROSPECTS
6.5. MIDDLE EAST AND AFRICA
6.5.1. MARKET BY ANIMAL TYPE
6.5.2. MARKET BY FOOD TYPE
6.5.3. MARKET BY DISTRIBUTION CHANNEL
6.5.4. COUNTRY ANALYSIS
6.5.4.1. EGYPT
6.5.4.1.1. EGYPT PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.2. SAUDI ARABIA
6.5.4.2.1. SAUDI ARABIA PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.3. TURKEY
6.5.4.3.1. TURKEY PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.4. SOUTH AFRICA
6.5.4.4.1. SOUTH AFRICA PET FOOD MARKET FORECAST & PROSPECTS
6.5.4.5. REST OF MIDDLE EAST & AFRICA
6.5.4.5.1. REST OF MIDDLE EAST & AFRICA PET FOOD MARKET FORECAST & PROSPECTS
7. COMPETITIVE LANDSCAPE
7.1. BLUE BUFFALO PET PRODUCTS INC
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY STRENGTHS
7.1.4. KEY CHALLENGE
7.2. CHAMPION PETFOODS LP
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY STRENGTHS
7.2.4. KEY CHALLENGE
7.3. DIAMOND PET FOODS
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY STRENGTH
7.3.4. KEY CHALLENGE
7.4. FARMINA PET FOODS
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY STRENGTH
7.4.4. KEY CHALLENGE
7.5. HILL’S PET NUTRITION INC
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY STRENGTHS
7.5.4. KEY CHALLENGES
7.6. INABA FOODS CO LTD
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY STRENGTH
7.6.4. KEY CHALLENGE
7.7. MARS PETCARE LTD
7.7.1. OVERVIEW
7.7.2. FINANCIAL ANALYSIS
7.7.3. PORTFOLIO
7.7.4. KEY STRENGTHS
7.7.5. KEY CHALLENGE
7.8. NESTLE PURINA PETCARE
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY STRENGTHS
7.8.4. KEY CHALLENGE
7.9. UNICHARM CORPORATION
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY STRENGTHS
7.9.4. KEY CHALLENGE
7.10. WELLNESS PET COMPANY
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY STRENGTHS
7.10.4. KEY CHALLENGE
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY

TABLE LIST

TABLE 1: GLOBAL PET FOOD MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: GLOBAL PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 6: GLOBAL PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)
TABLE 7: GLOBAL PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)
TABLE 8: GLOBAL PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 9: GLOBAL PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 10: GLOBAL PET FOOD MARKET, BY REGIONAL OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 11: NORTH AMERICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 12: NORTH AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 13: NORTH AMERICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 14: NORTH AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 15: EUROPE PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 16: EUROPE PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 17: EUROPE PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 18: EUROPE PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 20: ASIA-PACIFIC PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 23: LATIN AMERICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 24: LATIN AMERICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 25: LATIN AMERICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 26: LATIN AMERICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)
TABLE 27: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 28: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY ANIMAL TYPE, 2023-2030 (IN $ MILLION)
TABLE 29: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY FOOD TYPE, 2023-2030 (IN $ MILLION)
TABLE 30: MIDDLE EAST AND AFRICA PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2023-2030 (IN $ MILLION)

FIGURE LIST
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: GLOBAL PET FOOD MARKET, BY ANIMAL TYPE, 2022 & 2030 (IN %)
FIGURE 5: GLOBAL PET FOOD MARKET, BY DOGS, 2023-2030 (IN $ MILLION)
FIGURE 6: GLOBAL PET FOOD MARKET, BY WET DOG FOOD, 2023-2030 (IN $ MILLION)
FIGURE 7: GLOBAL PET FOOD MARKET, BY DRY DOG FOOD, 2023-2030 (IN $ MILLION)
FIGURE 8: GLOBAL PET FOOD MARKET, BY TREATS & MIXES FOR DOGS, 2023-2030 (IN $ MILLION)
FIGURE 9: GLOBAL PET FOOD MARKET, BY CATS, 2023-2030 (IN $ MILLION)
FIGURE 10: GLOBAL PET FOOD MARKET, BY WET CAT FOOD, 2023-2030 (IN $ MILLION)
FIGURE 11: GLOBAL PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $ MILLION)
FIGURE 12: GLOBAL PET FOOD MARKET, BY TREATS & MIXES FOR CATS, 2023-2030 (IN $ MILLION)
FIGURE 13: GLOBAL PET FOOD MARKET, BY FOOD TYPE, 2022 & 2030 (IN %)
FIGURE 14: GLOBAL PET FOOD MARKET, BY WET FOOD, 2023-2030 (IN $ MILLION)
FIGURE 15: GLOBAL PET FOOD MARKET, BY DRY FOOD, 2023-2030 (IN $ MILLION)
FIGURE 16: GLOBAL PET FOOD MARKET, BY OTHER FOOD TYPES, 2023-2030 (IN $ MILLION)
FIGURE 17: GLOBAL PET FOOD MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2030 (IN %)
FIGURE 18: GLOBAL PET FOOD MARKET, BY STORE-BASED, 2023-2030 (IN $ MILLION)
FIGURE 19: GLOBAL PET FOOD MARKET, BY E-COMMERCE, 2023-2030 (IN $ MILLION)
FIGURE 20: GLOBAL PET FOOD MARKET, BY VETERINARY, 2023-2030 (IN $ MILLION)
FIGURE 21: GLOBAL PET FOOD MARKET, BY OTHER DISTRIBUTION CHANNELS, 2023-2030 (IN $ MILLION)
FIGURE 22: GLOBAL PET FOOD MARKET, REGIONAL OUTLOOK, 2022 & 2030 (IN %)
FIGURE 23: UNITED STATES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 24: CANADA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 25: UNITED KINGDOM PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 26: GERMANY PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 27: FRANCE PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 28: ITALY PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 29: NORDIC COUNTRIES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 30: BELGIUM PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 31: POLAND PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 32: REST OF EUROPE PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 33: CHINA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 34: JAPAN PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 35: INDIA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 36: SOUTH KOREA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 37: ASEAN COUNTRIES PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 38: AUSTRALIA & NEW ZEALAND PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 39: REST OF ASIA-PACIFIC PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 40: BRAZIL PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 41: MEXICO PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 42: REST OF LATIN AMERICA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 43: EGYPT PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 44: SAUDI ARABIA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 45: TURKEY PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 46: SOUTH AFRICA PET FOOD MARKET 2023-2030 (IN $ MILLION)
FIGURE 47: REST OF MIDDLE EAST & AFRICA PET FOOD MARKET 2023-2030 (IN $ MILLION)

The post GLOBAL PET FOOD MARKET 2023-2030 first appeared on CRI Report.

Based on CRI’s report, the global microgrid market is estimated to witness growth at a CAGR of 10.73% during the forecast period 2022-2028.
The global market’s growth can be attributed to key factors such as combating power outages using microgrids, along with growing electricity consumption across the globe. Additionally, the surging integration of the internet of things in microgrids and rising investments in clean energy by governments are expected to open new avenues for the studied market.
On the contrary, the market’s growth is restricted owing to hurdles posed by the regulatory framework and high maintenance and installation costs.

REGIONAL OUTLOOK

The global microgrid market includes North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.
The Asia-Pacific is deemed to witness the fastest growth over the forecast period. The large population base in the region has increased the demand for power grids due to the lack of electricity. Due to low electrification rates, several microgrid innovators are expanding operations in the region and are backed by government funding.
Additionally, with several nations facing extreme weather conditions, microgrids have emerged as an ideal solution to improve grid efficiency. During the forecast period, collaborations between governments, international development agencies, and energy companies are expected to rise, boosting the market’s growth.

COMPETITIVE OUTLOOK

The major companies in the microgrid market are Hitachi Ltd, Schneider Electric, Duke Energy Corporation, Exelon Corporation, Siemens AG, Fairbanks Morse, National Grid Plc, S&C Electric Company, Bloom Energy, Cummins Inc, FuelCell Energy Inc, General Electric Company, Power Engineers Incorporated, NRG Energy Inc, and Eaton Corporation Plc.
Siemens AG is a global technology company engaged in electrification, automation, and digitalization. It specializes in developing intelligent infrastructure for buildings and distributed energy systems. The company serves clients across various sectors, including manufacturing, healthcare, and power generation. Additionally, it operates through business segments, including smart infrastructure and gas & power. Siemens has operations across the globe, with headquarters located in Munich, Germany.

TABLE OF CONTENTS

1. GLOBAL MICROGRID MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE MICROGRID MARKET
2.2. KEY INSIGHTS
2.2.1. GROWING USE OF MICROGRIDS IN SOLAR ENERGY
2.2.2. INCREASE IN SMART CITIES INITIATIVES
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY MARKET STRATEGIES
2.6.1. PRODUCT LAUNCHES
2.6.2. COLLABORATIONS
2.6.3. BUSINESS DIVESTITURES
2.6.4. ACQUISITIONS
2.7. MARKET DRIVERS
2.7.1. COMBATING POWER OUTAGES DURING SEVERE WEATHER USING MICROGRIDS
2.7.2. GROWING ELECTRICITY CONSUMPTION WORLDWIDE
2.8. MARKET CHALLENGES
2.8.1. HURDLES POSED BY REGULATORY FRAMEWORK
2.8.2. HIGH MAINTENANCE AND INSTALLATION OF MICROGRIDS
2.9. MARKET OPPORTUNITIES
2.9.1. RISING USE OF INTERNET OF THINGS (IoT) IN MICROGRIDS
2.9.2. RISE IN CLEAN ENERGY INTEGRATION BY GOVERNMENT AND PRIVATE SECTOR
3. GLOBAL MICROGRID MARKET OUTLOOK – BY UTILIZATION TYPE
3.1. METROPOLITAN
3.2. SEMI-URBAN
3.3. RURAL
4. GLOBAL MICROGRID MARKET OUTLOOK – BY COMPONENT
4.1. HARDWARE
4.1.1. POWER GENERATORS
4.1.2. ENERGY STORAGE
4.1.3. CONTROLLERS
4.2. SOFTWARE
4.3. SERVICES
5. GLOBAL MICROGRID MARKET OUTLOOK – BY CONNECTIVITY
5.1. GRID CONNECTED
5.2. ISLAND GRID
6. GLOBAL MICROGRID MARKET OUTLOOK – BY INDUSTRY VERTICAL
6.1. COMMERCIAL & INDUSTRIAL
6.2. HEALTHCARE
6.3. EDUCATIONAL INSTITUTIONS
6.4. MILITARY & DEFENSE
6.5. GOVERNMENT & UTILITIES
6.6. OTHER INDUSTRY VERTICALS
7. GLOBAL MICROGRID MARKET – REGIONAL OUTLOOK
7.1. NORTH AMERICA
7.1.1. MARKET BY UTILIZATION TYPE
7.1.2. MARKET BY COMPONENT
7.1.2.1. MARKET BY HARDWARE
7.1.3. MARKET BY CONNECTIVITY
7.1.4. MARKET BY INDUSTRY VERTICAL
7.1.5. COUNTRY ANALYSIS
7.1.5.1. UNITED STATES
7.1.5.2. CANADA
7.2. EUROPE
7.2.1. MARKET BY UTILIZATION TYPE
7.2.2. MARKET BY COMPONENT
7.2.2.1. MARKET BY HARDWARE
7.2.3. MARKET BY CONNECTIVITY
7.2.4. MARKET BY INDUSTRY VERTICAL
7.2.5. COUNTRY ANALYSIS
7.2.5.1. UNITED KINGDOM
7.2.5.2. GERMANY
7.2.5.3. FRANCE
7.2.5.4. ITALY
7.2.5.5. SPAIN
7.2.5.6. THE NETHERLANDS
7.2.5.7. REST OF EUROPE
7.3. ASIA-PACIFIC
7.3.1. MARKET BY UTILIZATION TYPE
7.3.2. MARKET BY COMPONENT
7.3.2.1. MARKET BY HARDWARE
7.3.3. MARKET BY CONNECTIVITY
7.3.4. MARKET BY INDUSTRY VERTICAL
7.3.5. COUNTRY ANALYSIS
7.3.5.1. CHINA
7.3.5.2. JAPAN
7.3.5.3. INDIA
7.3.5.4. SOUTH KOREA
7.3.5.5. ASEAN COUNTRIES
7.3.5.6. AUSTRALIA & NEW ZEALAND
7.3.5.7. REST OF ASIA-PACIFIC
7.4. LATIN AMERICA
7.4.1. MARKET BY UTILIZATION TYPE
7.4.2. MARKET BY COMPONENT
7.4.2.1. MARKET BY HARDWARE
7.4.3. MARKET BY CONNECTIVITY
7.4.4. MARKET BY INDUSTRY VERTICAL
7.4.5. COUNTRY ANALYSIS
7.4.5.1. BRAZIL
7.4.5.2. MEXICO
7.4.5.3. REST OF LATIN AMERICA
7.5. MIDDLE EAST AND AFRICA
7.5.1. MARKET BY UTILIZATION TYPE
7.5.2. MARKET BY COMPONENT
7.5.2.1. MARKET BY HARDWARE
7.5.3. MARKET BY CONNECTIVITY
7.5.4. MARKET BY INDUSTRY VERTICAL
7.5.5. COUNTRY ANALYSIS
7.5.5.1. UNITED ARAB EMIRATES
7.5.5.2. SAUDI ARABIA
7.5.5.3. ISRAEL
7.5.5.4. SOUTH AFRICA
7.5.5.5. REST OF MIDDLE EAST & AFRICA
8. COMPETITIVE LANDSCAPE
8.1. HITACHI LTD
8.2. SCHNEIDER ELECTRIC
8.3. DUKE ENERGY CORPORATION
8.4. EXELON CORPORATION
8.5. SIEMENS AG
8.6. FAIRBANKS MORSE
8.7. NATIONAL GRID PLC
8.8. S&C ELECTRIC COMPANY
8.9. BLOOM ENERGY
8.10. CUMMINS INC
8.11. FUELCELL ENERGY INC
8.12. GENERAL ELECTRIC COMPANY
8.13. POWER ENGINEERS INCORPORATED
8.14. NRG ENERGY INC
8.15. EATON CORPORATION PLC
9. RESEARCH METHODOLOGY & SCOPE
9.1. RESEARCH SCOPE & DELIVERABLES
9.2. SOURCES OF DATA
9.3. RESEARCH METHODOLOGY

LIST OF TABLES

TABLE 1: GLOBAL MICROGRID MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LIST OF PRODUCT LAUNCHES
TABLE 4: LIST OF COLLABORATIONS
TABLE 5: LIST OF BUSINESS DIVESTITURES
TABLE 6: LIST OF ACQUISITIONS
TABLE 7: GLOBAL MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 8: GLOBAL MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 9: GLOBAL MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 10: GLOBAL MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 11: GLOBAL MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 12: GLOBAL MICROGRID MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 15: NORTH AMERICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 17: NORTH AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 18: NORTH AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 19: EUROPE MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: EUROPE MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 21: EUROPE MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 22: EUROPE MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 23: EUROPE MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 24: EUROPE MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 25: ASIA-PACIFIC MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 26: ASIA-PACIFIC MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 27: ASIA-PACIFIC MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 28: ASIA-PACIFIC MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 29: ASIA-PACIFIC MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 30: ASIA-PACIFIC MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 31: LATIN AMERICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 32: LATIN AMERICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 33: LATIN AMERICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 34: LATIN AMERICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 35: LATIN AMERICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 36: LATIN AMERICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)
TABLE 37: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 38: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY UTILIZATION TYPE, 2022-2028 (IN $ MILLION)
TABLE 39: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 40: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 41: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY CONNECTIVITY, 2022-2028 (IN $ MILLION)
TABLE 42: MIDDLE EAST AND AFRICA MICROGRID MARKET, BY INDUSTRY VERTICAL, 2022-2028 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: RENEWABLE ELECTRICITY GENERATION, BY SOURCE, IN 2018-2020
FIGURE 2: MARKET ATTRACTIVENESS INDEX
FIGURE 3: GLOBAL MICROGRID MARKET, BY UTILIZATION TYPE, 2021 & 2028 (IN %)
FIGURE 4: GLOBAL MICROGRID MARKET, BY METROPOLITAN, 2022-2028 (IN $ MILLION)
FIGURE 5: GLOBAL MICROGRID MARKET, BY SEMI-URBAN, 2022-2028 (IN $ MILLION)
FIGURE 6: GLOBAL MICROGRID MARKET, BY RURAL, 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL MICROGRID MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: GLOBAL MICROGRID MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL MICROGRID MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: GLOBAL MICROGRID MARKET, BY POWER GENERATORS, 2022-2028 (IN $ MILLION)
FIGURE 11: GLOBAL MICROGRID MARKET, BY ENERGY STORAGE, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL MICROGRID MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL MICROGRID MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL MICROGRID MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 15: GLOBAL MICROGRID MARKET, BY CONNECTIVITY, 2021 & 2028 (IN %)
FIGURE 16: GLOBAL MICROGRID MARKET, BY GRID CONNECTED, 2022-2028 (IN $ MILLION)
FIGURE 17: GLOBAL MICROGRID MARKET, BY ISLAND GRID, 2022-2028 (IN $ MILLION)
FIGURE 18: GLOBAL MICROGRID MARKET, BY INDUSTRY VERTICAL, 2021 & 2028 (IN %)
FIGURE 19: GLOBAL MICROGRID MARKET, BY COMMERCIAL & INDUSTRIAL, 2022-2028 (IN $ MILLION)
FIGURE 20: GLOBAL MICROGRID MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 21: GLOBAL MICROGRID MARKET, BY EDUCATIONAL INSTITUTIONS, 2022-2028 (IN $ MILLION)
FIGURE 22: GLOBAL MICROGRID MARKET, BY MILITARY & DEFENSE, 2022-2028 (IN $ MILLION)
FIGURE 23: GLOBAL MICROGRID MARKET, BY GOVERNMENT & UTILITIES, 2022-2028 (IN $ MILLION)
FIGURE 24: GLOBAL MICROGRID MARKET, BY OTHER INDUSTRY VERTICALS, 2022-2028 (IN $ MILLION)
FIGURE 25: GLOBAL MICROGRID MARKET, BY REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 26: UNITED STATES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: CANADA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: UNITED KINGDOM MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: GERMANY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: FRANCE MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: ITALY MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: SPAIN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: NETHERLANDS MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: REST OF EUROPE MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: CHINA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: JAPAN MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: INDIA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: SOUTH KOREA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 39: ASEAN COUNTRIES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 40: AUSTRALIA & NEW ZEALAND MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 41: REST OF ASIA-PACIFIC MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 42: BRAZIL MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 43: MEXICO MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 44: REST OF LATIN AMERICA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 45: UNITED ARAB EMIRATES MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 46: SAUDI ARABIA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 47: ISRAEL MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 48: SOUTH AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)
FIGURE 49: REST OF MIDDLE EAST & AFRICA MICROGRID MARKET 2022-2028 (IN $ MILLION)

The post GLOBAL MICROGRID MARKET 2022-2028 first appeared on CRI Report.

Market Segmentation

• Application: Vegetables, Herbs, Fruits, Fish, and Others
• Equipment: Heating Ventilation and Air Conditioning (HVAC), LED Grow Light, Irrigation System, Aeration System, and Others
• Technique: Nutrient-Film Technique, Deep-Water Culture Technique, Media-Filled Grow Bed, Ebb and Flow System, and Others

Regional Segmentation

• North America: U.S., Canada, and Mexico
• Europe: Germany, Netherlands, France, Spain, and Italy
• China
• U.K.
• Middle East and Africa: South Africa, Israel, and Saudi Arabia
• Asia-Pacific: India, Japan, Thailand, Indonesia, and South Korea
• Rest-of-the-World: Brazil

Market Growth Drivers

• Increasing Global Food Demand
• Higher Yield Compared to Conventional Farming
• Year-Round Food Production
• 24/7 Crop Protection and Management

Market Challenges

• High Cost of Operation
• Lack of Awareness about Alternative Farming Techniques

Market Opportunities

• Increasing Cultivation of Medicinal Plants
• Increasing Emphasis on Vertical Farming in Urban Areas
• Scope of Agricultural Production in Countries with Low Agricultural Land and Climatic Conditions

Key Companies Profiled

AmHydro, Aquaponic Lynx LLC, Argus Control Systems Limited, BetterGrow Hydro, Colorado Aquaponics, ECF Farmsystems, Endless Food Systems, General Hydroponics, GreenTech Agro LLC, Hydrodynamics International, Hydrofarm LLC, LivinGreen, Nelson & Pade Aquaponics, Pegasus Agriculture, PentairAES, Perth Aquaponics, UrbanFarmers AG

How This Report Can Add Value

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of aquaponic and hydroponic growing techniques and equipment market potential globally. Moreover, the study provides the reader a detailed understanding of different growing techniques (i.e., nutrient-film technique, deep-water culture technique, media-filled grow bed, and ebb and flow system).

Additionally, comprehensive coverage on different equipment required for a successful aquaponic and hydroponic farm setup (i.e., HVAC, LED grow light, irrigation system, and aeration system) for various applications has also been added in the study.

Growth/Marketing Strategy: The alternative farming equipment manufacturers have opted for a new product development strategy as a way of establishing dominance in the aquaponic and hydroponic systems and equipment market. Growth/marketing strategies will help the reader in understanding the revenue-generating strategies adopted by the players operating in the global aquaponic and hydroponic systems and equipment market.

For instance, in January 2021, Aquaponics AI, a social impact aquaponic technology company, released a mobile application to enable small and large farms to simplify data, understand the system and achieve better growth.

Aquaponics AI’s mobile application aims to bring real-time access to system data, insights, and farm management solutions. Moreover, other strategies adopted by the market players will help the reader in making strategic decisions, such as go-to-market strategies.

Key questions answered in the Report

• What is the estimated global aquaponic and hydroponic systems and equipment market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to aquaponic and hydroponic systems and equipment?
• What are the major restraints inhibiting the growth of the global aquaponic and hydroponic systems and equipment market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the aquaponic and hydroponic systems and equipment market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key aquaponic and hydroponic systems and equipment companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
o Product, including equipment (HVAC, LED grow light, irrigation system, aeration system, and others) and technique (nutrient-film technique, deep-water culture technique, media-filled grow bed, ebb and flow system, and others)
o Application, including vegetables, herbs, fruits, fish, and others
o Region, including North America, the U.K., Europe, Asia-Pacific, China, the Middle East and Africa, and the Rest-of-the-World
• Which type of players and stakeholders are operating in the market ecosystem of aquaponic and hydroponic systems and equipment, and what is their significance in the global market?
• Which are the leading consortiums and associations in the global aquaponic and hydroponic systems and equipment market, and what are their roles in the market?
• How does the regulatory landscape differ in different regions for aquaponic and hydroponic systems and equipment?

Global Aquaponic and Hydroponic Systems and Equipment Market

Aquaponic and hydroponic growing techniques were first established in the 1980s, wherein vegetables were grown without soil. In the earlier systems, wastewater from a fish tank was used to irrigate crops, like cucumbers and tomatoes, in grow-bed filled with sand. With the advancement in technology, equipment such as heating ventilation and air conditioning (HVAC), LED grow light, aeration system, and irrigation system are being used for efficient crop growth through aquaponic and hydroponic techniques.

Global Aquaponic and Hydroponic Systems and Equipment Industry Overview

The global aquaponic and hydroponic systems and equipment market is expected to reach $2.74 billion by 2026, with a CAGR of 14.80% during the forecast period 2021-2026. High growth in the market is expected to be driven by the benefits that aquaponic and hydroponic growing techniques provide over conventional farming. With alternative farming techniques such as aquaponics and hydroponics, food production can be maximized with year-round production. With these techniques, products grown are more nutrient rich as compared to products grown through conventional farming. Products grown through aquaponic and hydroponic techniques are grown in a controlled environment and monitored at all times. With increased production, increasing global food demand can also be managed through these techniques.

Impact of COVID-19 on Aquaponic and Hydroponic Systems and Equipment Market

The supply chain of the majority of the industries across the globe got impacted due to the COVID-19 pandemic, including the aquaponic and hydroponic equipment industry. A significant impact was witnessed on the global aquaponic and hydroponic systems and equipment market as equipment manufacturers were unable to provide equipment to set up an aquaponic farm due to government measures to prevent the spread of the COVID-19.

Market Segmentation

Global Aquaponic and Hydroponic Systems and Equipment Market by Equipment

The aquaponic and hydroponic systems and equipment market is dominated by the HVAC system. HVAC systems are necessary for a complete aquaponics setup as plants in these systems always require constant monitoring and an adequate temperature. Depending upon the plant being grown in the system, heat and ventilation is maintained at all times.

Global Aquaponic and Hydroponic Systems and Equipment Market by Technique

The global aquaponic and hydroponic systems and equipment market by technique category is dominated by nutrient film technique. This dominance is due to the high versatility of this technique used for growing plants. NFT is favored for its simple setup and ease of use with many popular garden plants such as lettuce and herbs. This method uses horizontal pipes with shallow streams of nutrient-rich water flowing through them.

Global Aquaponic and Hydroponic Systems and Equipment Market by Region

Europe generated the highest revenue in 2020, which is attributed to the technological advancements in the Europe region. With high food safety and security concerns in the region, aquaponics and hydroponics in the region have offered a big solution to food safety and security concerns. This is because the plants grown with these techniques are grown in a controlled manner, and nutrient value is maintained throughout the production process. The region is expected to witness high growth in terms of CAGR during the forecast period.

Key Market Players and Competition Synopsis

AmHydro, Aquaponic Lynx LLC, Argus Control Systems Limited, BetterGrow Hydro, Colorado Aquaponics, ECF Farmsystems, Endless Food Systems, General Hydroponics, GreenTech Agro LLC, Hydrodynamics International, Hydrofarm LLC, LivinGreen, Nelson & Pade Aquaponics, Pegasus Agriculture, PentairAES, Perth Aquaponics, and UrbanFarmers AG

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (which holds 50-60% of the market) and mid-segment players (comprise of 30-40% share), and small and emerging companies (holds the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the aquaponic and hydroponic systems and equipment industry.

Hydroponics Market: Market Segments: By Type (Aggregate Hydroponic System and Liquid Hydroponic System); By Crop Type (Tomato, Lettuce & Leafy Vegetables, Pepper, Cucumber, Microgreens and Other); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030

The post Global Aquaponic and Hydroponic Systems and Equipment Market: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2020-2026 first appeared on CRI Report.

Market Snapshot
According to analysis, the Global RFID Printer Market is anticipated to reach USD 5,804.9 Million by 2026 with a CAGR of 5.65% during the review period, 2020–2026. An RFID printer generates RFID smart labels that use radio frequency technology to transmit data through user systems.

The specific digital functionality is added to the printing documents by embedding the RFID labels into a different types of print formats. RFID labels have gotten a norm for various applications across ventures. Explicit printers are utilized to make these labels and labels which help in saving time and labor for stock administration.

The global RFID market is expected to register the highest market during the review period with a market value of USD 3,993.6 Million in 2019.

The global market growth is attributed to the rapidly growing digitization, adoption of a secure mode of transportation, and increasing use of industrial printers. The RFID labels are imprinted in various sizes and are especially utilized for printing labels and name containers with Universal Product Codes or European Article Numbers before the item ships.

Different industry verticals face expanded interest for high versatility, far-off printing abilities, and a portable labor force. The development of the web-based business industry and the need for development in stock administration are factors adding to the development of the worldwide RFID printer market. The quick speed of digitalization has colossally enlarged the extension for RFID printers.

Market Segmentation
The global RFID printer market has been segmented based on Type, Price Range, Printing Technology, Frequency, and Application.

Based on type, the Global RFID Printer Market has been classified into industrial printers, desktop printers, mobile printers.

In terms of Price Range, the global market has been classified into UP TO USD 2,000, USD 2,001–USD 4,000, and ABOVE USD 4,001. Based on the Printing Technology segment the global RFID segment market has been segmented into Thermal Transfer, Direct Thermal, Inkjet. By Frequency type, the market has been divided into Low Frequency (LF), High Frequency (HF), Ultra-High Frequency (UHF).

Based on Application, the market is categorized into Manufacturing, Retail, Transportation & Logistics, Healthcare, Government, Entertainment, Others.

Regional Analysis
Geographically, the Global RFID Printer Market has been divided into North America, Europe, Asia-Pacific, the rest of the world.
Asia-Pacific is likely to drive the global market during the review period owing to the largest market value of USD 1,310.3 million in 2018.

The regional market is expected to register a CAGR of 6.70% during the review period. North America is anticipated to drive the second-largest market of the global RFID market owing to the market value of USD 1,154.5 million in 2018. The region is expected to exhibit a CAGR of 5.75% during the review period.

Major Players
The Companies Covered of the Global RFID Printer Market include Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc., Toshiba Corp., Avery Dennison Corporation, Seiko Epson Corporation, TSC Auto ID Technology Co., Ltd, Dascom, Postek Electronics Co., Ltd, GODEX International Co. Ltd., OKI Data Americas, Inc., PRINTRONIX AUTO ID, ID Technology, LLC, and Miles Data Technologies, among others.

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Global POS Printer Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

The post Global RFID Printer Market first appeared on CRI Report.