Global Aquaculture Equipment Market, By Rearing Product Type (Containment Equipment, Water Pumps and Filters, Water Circulating and Aerating Equipment, Cleaning Equipment, Feeders and Others), Culture (Freshwater, Marine and Brackish Water), Species (Aquatic Animals and Aquatic Plants), Production Type (Small- Scale, Medium-Scale and Large-Scale), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the aquaculture equipment market will project a compound annual growth rate (CAGR) of 6.70% during the forecast period of 2021-2028. Rising seafood trade and growth and expansion of aquaculture industry are the two major factors attributable to the growth in aquaculture equipment market value. In terms of market value, the aquaculture equipment market would stand tall by USA 12.2 billion by the year 2028.
Aquaculture is the farming of aquatic plants, aquatic animals and other aquatic organisms. It is the breeding, rearing, and harvesting of organisms in water environments. Therefore, aquaculture equipment refers to the equipment that is used in the process of aquaculture farming. Over the year, aquaculture industry has gained significant momentum in its growth rate and has shown a great potential of growth. As a result more and more players are entering into this field.
The rise, growth and expansion of aquaculture business are the prime factor responsible for the growth in demand for aquaculture equipment. Rise in seafood trading has multiplied the growth rate of aquaculture equipment market. Growth in demand for aquaponics has further induced growth in the aquaculture equipment market value. Rising trends of smart fishing and rising initiatives by the government to support aquaculture market will further create lucrative and remunerative growth opportunities for the aquaculture equipment market.
However, food safety concerns will slow down the aquaculture equipment market growth rate. Not everyone is a seafood lover. This will further restrict the scope of growth for the aquaculture equipment market. Overfishing is another major challenge that the aquaculture equipment market faces. Environmental concerns cannot be overlooked and any business cannot grow if not comprehended and complied with the environmental issues and concerns.
This aquaculture equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aquaculture equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aquaculture Equipment Market Scope and Market Size
The global aquaculture equipment market is segmented on the basis of rearing product type, culture, species and production type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of rearing product type, the aquaculture equipment market is segmented into containment equipment, water pumps and filters, water circulating and aerating equipment, cleaning equipment, feeders, and others.
- Based on culture, the aquaculture equipment market is segmented into freshwater, marine, and brackish water.
- Based on the species, the aquaculture equipment market is segmented into aquatic animals, and aquatic plants. Aquatic animals have been further segmented into finfishes, molluscs, crustaceans, and others. Aquatic plants have been further segmented into seaweeds, microalgae and other aquatic plants.
- The aquaculture equipment market is also segmented on the basis of production type. The production type is segmented into small-scale, medium-scale and large-scale.
Aquaculture Equipment Market Country Level Analysis
The global aquaculture equipment market is analyses and market size, volume information is provided by country by rearing product type, culture, species and production type as referenced above.
The countries covered in the aquaculture equipment market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the aquaculture equipment market and will continue to dominate during the forecast period. This is because of the rapid adoption of innovative and advanced technological solutions for aquaculture farming. China, India, Thailand, Singapore and Vietnam are the major contributors from this region. Availability of land for aquaculture farming is one of the major factors fostering the market growth in this region.
The country section of the aquaculture equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aquaculture Equipment Market Share Analysis
The global aquaculture equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aquaculture equipment market.
The major players covered in the aquaculture equipment market report are Pentair., Xylem., Aquaculture Equipment Ltd, Aquaculture System Technologies, LLC., Luxsol.ru, PIONEER GROUP, CPI Equipment Inc., ASAKUA, frea-Solutions.com, Lifegard Aquatics, Tan International Ltd, Reef Industries, Inc., Aquafarm Equipment AS, Aquaculture of Texas, Inc., AKVA group, Norfab Equipment Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Aquaculture Equipment Market
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