The global aquaculture equipment market is poised for growth due to factors such as increased seafood trading and the rising demand for aquaponics, which combines aquaculture and hydroponics. To mitigate these concerns, industry players are investing in advanced equipment, biosecurity measures, and sustainable practices to ensure safe and healthy seafood production, addressing consumer demands and regulatory requirements.
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Data Bridge Market Research analyses that the Aquaculture Equipment Market is expected to reach a value of USD 1,768,662.49 thousand by 2029, at a CAGR of 4.1% during the forecast period. The growing global population and rising consumer demand for seafood products are driving the expansion of the aquaculture industry. Aquaculture equipment plays a crucial role in meeting this demand by providing the necessary infrastructure and technology for efficient and sustainable fish and shellfish farming.
Key Findings of the Study
Growing awareness of food safety is expected to drive the market's growth rate
The growing awareness of food safety among consumers has led to an increased demand for aquaculture products produced in controlled and monitored conditions. Aquaculture equipment plays a vital role in ensuring the safety and quality of farmed seafood. Water treatment systems help maintain optimal water quality, minimizing the risk of contamination. Disease prevention tools, such as vaccines and biosecurity measures, mitigate the spread of diseases, ensuring healthier fish and safer seafood for consumers.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Water Purification Equipment, Aeration Devices, Water Circulation and Aeration Equipment, Automatic Fish Feeder, Fishing Equipment, Containment Equipment, Seine Reels, Maintenance and Repair Equipment, Water Temperature Control Device, Water Quality Testing Instrument, Clear Pond Equipment, and Others), Application (Outdoor Aquaculture, Indoor Aquaculture) End Use (Aquatic Animals, Aquatic Plants), Distribution Channel (Direct, Indirect).
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Aquaculture Systems Technologies, LLC (U.S.), Aquaculture Equipment Ltd (New Zealand), SKAGINN 3X (Iceland), Haosail (China), Norfab Equipment Ltd. (Canada), Sino-Aqua Corporation (Taiwan), BAADER (Germany), FAIVRE Ets (France), Pioneer Group (India),Rastaquaculture (Germany), SRR Aqua Suppliers LLP (India), Cflow (Norway), Sagar Aquaculture Pvt Ltd (India),Aquaneering Incorporated (U.S.), FishFarmFeeder (Norway), Nanrong Shanghai Co., Ltd. (China), DURA-TECH (Canada), HUNG STAR ENTERPRISE CORP. (Taiwan), FREA SOLUTIONS (Norway), AquaMaof Aquaculture Technologies Ltd.( Israel) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The aquaculture equipment market is segmented on the basis of type, application, end use, and distribution channel.
- On the basis of type, the global aquaculture equipment market is segmented into water purification equipment, aeration devices, water circulation and aeration equipment, automatic fish feeder, fishing equipment, containment equipment, seine reels, maintenance and repair equipment, water temperature control device, water quality testing instrument, clear pond equipment, and others. In 2022, the water purification equipment segment is expected to dominate the global aquaculture equipment market with a CAGR of 4.8% in the forecast period of 2022 to 2029 due to the presence of dense populations of fish in the water can quickly foul, promoting increased demand for water treatment chemicals and different purification equipment.
In 2022, the water purification equipment segment is expected to dominate the type segment of the global aquaculture equipment market
In 2022, the water purification equipment segment is expected to dominate the global aquaculture equipment market owing to the presence of dense populaces of fish in the water can quickly foul, promoting improved demand for water treatment chemicals and different refinement equipment with a CAGR of 4.8% in the forecast period of 2022 to 2029.
- On the basis of application, the global aquaculture equipment market is segmented into outdoor aquaculture and indoor aquaculture. In 2022, the outdoor aquaculture segment is expected to dominate the global aquaculture equipment market with a CAGR of 4.2% in the forecast period of 2022 to 2029 due to outdoor aquaculture allows sustainable use of sea resources with increased efficiency for less effort.
- On the basis of end use, the global aquaculture equipment market is segmented into aquatic animals and aquatic plants. In 2022, the aquatic animals segment is expected to dominate the global aquaculture equipment market with a CAGR of 4.2% in the forecast period of 2022 to 2029 due to major source of cheap protein, which has saved a significant proportion of the world from protein deficiency.
In 2022, the aquatic animals segment is expected to dominate the end user segment of the global aquaculture equipment market
In 2022, the aquatic animals segment is expected to dominate the global aquaculture equipment market owing to various purposes such as food consumption, aquarium keeping, research, and aquaculture. Aquatic plants, on the other hand, are used for ecological restoration, water filtration, landscaping, and decoration in aquariums and ponds with a CAGR of 4.2% in the forecast period of 2022 to 2029.
- On the basis of distribution channel, the global aquaculture equipment market is segmented into direct and indirect. In 2022, the direct segment is expected to dominate the global aquaculture equipment market with a 59.28% market share. It is expected to reach USD 1,080,741.97 thousand by 2029, growing with the highest CAGR of 4.6% in the forecast period of 2022 to 2029 due to direct distribution allows brands to build genuine relationships with the end users of their products.
Major Players
Data Bridge Market Research recognizes the following companies as the major aquaculture equipment market players in aquaculture equipment market are Aquaculture Systems Technologies, LLC (U.S.), Aquaculture Equipment Ltd (New Zealand), SKAGINN 3X (Iceland), Haosail (China), Norfab Equipment Ltd. (Canada), Sino-Aqua Corporation (Taiwan), BAADER (Germany), FAIVRE Ets (France), Pioneer Group (India),Rastaquaculture (Germany)
Market Development
- In 2022, The center of the oceans is Nor-Shipping. Every two years, the maritime and ocean industries gather here, making it a natural meeting place for top decision-makers from around the globe to network, collaborate, and strike deals to open up new business opportunities.
- In 2022, In order to provide a complete fish processing factory onboard BlueWild's cutting-edge new trawler, SKAGINN 3X and the company signed a contract. The trawler is built to provide efficiency, quality, and sustainability on all fronts. A significant agreement for the organization is this one.
- In 2021, Xylem expanded its regional footprint with the acquisition of Anadolu Flygt. The acquisition has enabled the company to serve a broader range of countries in the region and accelerate Xylem's growth in the Middle East market with an expanded suite of digital water solutions and proven systems for sustainable water use.
- In 2020, AKVA group and Vikings signed a design and cooperation agreement for the design of a number of land-based salmon farms in the Middle East AKVA group provides extensive experience in the design, construction, and operation of modern land-based fish farming.
- In 2020, Sperre was acquired by the AKVA Group. Sperre is located in the Norwegian subsea cluster Notodden. The company has extensive experience in developing and manufacturing a variety of advanced ROV solutions for aquaculture, oil service, and marine industries.
- In 2019, Van Cleve Seafood Co. has launched a new plant-based seafood category to offer the conventional seafood and to deliver delicious plant-based products to the U.S. customers.
- In 2019, Atlantic Sea Farms has announced to launch new products in the U.S.- including Sea-chi, seaweed kimchi, a fermented seaweed salad, and sea-beet kraut to cater to the demand for aquatic products in the country.
Regional Analysis
Geographically, the countries covered in the aquaculture equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia Pacific is expected to dominate the region in the aquaculture equipment market during the forecast period 2022-2029
China is poised to dominate the global aquaculture equipment market in the Asia-Pacific region due to the significant demand for aquaculture production. With its large population and increasing seafood consumption, China has witnessed substantial growth in aquaculture activities. This trend is driven by factors such as government support, technological advancements, and the need to meet domestic and international seafood demand. India and Japan also contribute to the regional market with their own expanding aquaculture sectors and growing market shares.
Europe is estimated to be the fastest-growing region in the aquaculture equipment market for the forecast period 2022-2029
Germany is expected to dominate the aquaculture equipment market in Europe due to the increasing popularity of seafood consumption among German consumers. The country's growing demand for high-quality seafood products has created a favorable market environment. As a result, Germany is witnessing a rise in aquaculture production, driving the need for advanced equipment and technologies. This, coupled with Germany's strong focus on food safety and sustainable practices, positions the country for significant market growth with the highest compound annual growth rate (CAGR) in the region.
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