Global Aquaculture Equipment Market size will surpass US $247 billion by 2032, cites a recent report by Global Market Insights Inc.
As per the report, the market growth is driven by the increasing demand for sustainable seafood. With the surge in worldwide population, there has also been a rise in awareness about the health benefits of seafood. With traditional fishing practices facing challenges due to overfishing and environmental concerns, aquaculture has emerged as a viable solution to meet the growing demand for seafood while preserving marine ecosystems. Moreover, widespread adoption of advanced aquaculture technologies, such as recirculating aquaculture systems (RAS) and aquaponics, is also shaping the industry outlook.
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Increasing adoption of water temperature control device to maintain optimal temperature
Based on type, the market is segmented into water quality testing instrument, water temperature control device, fish handling equipment, fish feeder, water circulation & aeration equipment, aeration devices, and water purification equipment. The aquaculture equipment market share from water temperature control device segment will grow notably over 2023-2032, owing to the vital role of equipment in creating and maintaining a conducive environment for the growth and health of farmed species. It offers precise temperature control, ensuring that the water remains within the desired range to promote optimal metabolic functions, immune responses, and overall well-being of the aquaculture species. The ability to mimic the natural habitat of the species being cultivated will support the product uptake.
High-quality fish stock from fish hatcheries
In terms of end-use, the industry is divided into grow-out farms, fish hatcheries, and others. The aquaculture equipment market size from fish hatcheries segment will expand by 2023. Fish hatcheries are responsible for the production and supply of juvenile fish or fry for grow-out operations. They make use of equipment, such as egg incubators, hatchery tanks, larval rearing systems, feeding systems, water treatment systems, and monitoring devices for controlled environments, optimal feeding conditions, and proper water quality management to ensure the healthy development and survival of fish fry. Increasing demand for high-quality & genetically superior fish stock, along with the focus on sustainable aquaculture practices is driving the segment growth.
State-of-the-art production facilities to fuel Europe market expansion
Europe aquaculture equipment market size will record a considerable CAGR during 2023-2032. The region is known for its strong focus on sustainable practices and the production of high-quality seafood. It has advanced aquaculture technologies, state-of-the-art production facilities, and a well-developed infrastructure. In recent years, there is a shift towards innovative and efficient aquaculture systems, including recirculating aquaculture systems (RAS) and offshore aquaculture, to ensure sustainable production, reduced environmental impact, and improved resource utilization. Increasing demand for seafood, declining wild fish stocks, and implementation of strict regulations regarding seafood imports will boost the sales of aquaculture equipment in Europe.
Aquaculture Equipment Industry Players
Nireus Aquaculture SA, Aquatic Equipment & Design Inc., Blue Ridge Aquaculture Inc., Luxsolis Inc. Aquanetix Ltd., Aquabio Ltd., Fusion Marine Ltd., and The Kingfish Company NV among others.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.3.1 COVID-19 impact parameters
1.3.1.1 North America
1.3.1.2 Europe
1.3.1.3 Asia Pacific
1.3.1.4 Latin America (LATAM)
1.3.1.5 Middle East & Africa
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Aquaculture equipment market industry 360° synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 End Use trends
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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