May 27, 2024
Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market
Ict

The Aquaculture Water Treatment Systems Market is Trending Due to Growing Aquaculture Production

The aquaculture water treatment systems market comprises equipment used for treating water in fish and other aquatic life farming systems. Equipment like filters, disinfection units, solids removal units are installed in Recirculating Aquaculture Systems (RAS) to treat and reuse water. RAS helps maintain optimal water quality parameters like dissolved oxygen level, removal of toxic substances and growth of microorganisms. They minimize water usage and waste discharge into natural water bodies.

The Global Aquaculture Water Treatment Systems Market Size is estimated to be valued at US$ 339.12 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the aquaculture water treatment systems are Momo Srl, Pioneer Corporation, Star Automotive Accessories, Garmin Ltd., H.I. Motors, Pecca Group Berhad, U.S. Auto Parts Network, Inc., Covercraft Industries, LLC, O’Reilly Auto Parts, Lloyd Mats, CAR MATE MFG. CO., Ltd., and Classic Soft Trim. Growing demand for fish and seafood has boosted aquaculture production globally. This has increased the need for maintaining optimal water quality and treatment in RAS. Major players are expanding their operations globally especially in Asian countries to tap the growing demand.

Market key trends

The Aquaculture Water Treatment Systems Market is witnessing increased adoption of advanced water treatment technologies like ozone generation, UV sterilization for disinfection. They help maintain stringent regulatory norms for fish farming effluent discharge. Series of water treatment steps involving mechanical, biological and disinfection ensure removal of pollutants and reuse of water multiple times in RAS. This has significantly reduced water usage in commercial aquafarms.

Porter’s Analysis

Threat of new entrants: High capital requirements for setting up RAS farms acts as a barrier for new players to enter the market.

Bargaining power of buyers: Large buyers have strong bargaining power to negotiate on price and demand customized solutions according to their need.

Bargaining power of suppliers: Suppliers of components and technologies have moderate bargaining power due to presence of multiple suppliers in the market.

Threat of new substitutes: Threat of substitution is medium as RAS systems face competition from traditional aquaculture farming practices.

Competitive rivalry: Intense competition exists among existing players to gain higher market share by offering innovative and cost effective solutions.

The North American region dominated the aquaculture water treatment systems market in terms of value in 2024. Growth in intensification of aquaculture farming practices along with rise in concern towards fish welfare and quality are major factors driving market growth in the region.

Asia Pacific region is expected to witness fastest growth during the forecast period owing to significant presence of emerging economies like India and China. Rapid urbanization and growing middle class population has increased fish consumption in the region over years, propelling expansion of aquaculture industry and demand for advanced water treatment systems.

The North American region dominated the aquaculture water treatment systems market in terms of value in 2024. Growth in intensification of aquaculture farming practices along with rise in concern towards fish welfare and quality are major factors driving market growth in the region.

Asia Pacific region is expected to witness fastest growth during the forecast period owing to significant presence of emerging economies like India and China. Rapid urbanization and growing middle class population has increased fish consumption in the region over years, propelling expansion of aquaculture industry and demand for advanced water treatment systems.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it