by Aquaculture water treatment systems are widely utilized to remove waste and harmful substances from water in order to ensure good quality water for fish farming. These systems aid in maintaining optimal water conditions for aquaculture production. Commonly used products in aquaculture water treatment systems include filters, disinfection equipment, and aerators. Filters help remove solid waste particles and debris from water. Disinfection equipment such as UV sterilizers are used to kill microorganisms and bacteria. Aerators introduce oxygen into water which is essential for fish health.
The global aquaculture water treatment systems market is estimated to be valued at US$ 1.7 billion in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The adoption of recirculating aquaculture technology is expected to drive the growth of the aquaculture water treatment systems market. In recirculating aquaculture, water is continuously recycled and purified to maintain optimal conditions for aquaculture production. This helps minimize water usage and discharge of wastewater. Recirculating aquaculture systems integrate water treatment equipment such as mechanical, biological, and disinfection components to treat and recycle water. With growing focus on sustainability in aquaculture, recirculating aquaculture is gaining traction globally which in turn is augmenting the demand for aquaculture water treatment systems.
Another factor contributing to the market growth includes stringent regulations regarding discharge of aquaculture wastewater. Aquaculture wastewater contains excess feed, feces, and other organic matter which can pollute surrounding water bodies if discharged untreated. Hence, various countries have established strict regulations regarding wastewater treatment and monitoring. This is prompting aquafarmers to invest in efficient water treatment systems to comply with regulatory standards.
Segment Analysis
The global Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems is dominated by two main segments – recirculating aquaculture systems and flow-through aquaculture systems. Recirculating aquaculture systems account for over 60% of the market share as they enable fish farming with minimal water use. They recycle the water through mechanical, biological, and chemical filtration which allows the water to be reused continuously. This sub-segment is expected to witness higher growth over the forecast period due to the rising focus on sustainable aquaculture practices.
PEST Analysis
Political: Governments across many countries are supporting the aquaculture industry through various subsidies and funding for new projects. Various regulations have also been introduced to ensure proper disposal of wastewater from aquafarms.
Economic: Rising consumer demand for seafood and shortage of wild catch has been driving industry players to utilize aquaculture to meet the demand. However, high initial investments required for setting up recirculating systems pose a challenge.
Social: Growing health concerns around antibiotic usage in aquaculture is propelling the adoption of advanced water treatment technologies. Also, increasing awareness about environmental sustainability is promoting recirculating aquaculture practices.
Technological: Advancements in water treatment technologies like ultrafiltration, ozonation are enabling higher fish yields with optimum water quality. Digitalization and automation solutions are also gaining traction.
Key Takeaways
The global aquaculture water treatment systems market is expected to witness high growth over the forecast period supported by the rising seafood demand and shrinking wild fisheries.
Regional analysis:
The North American region is anticipated to be the fastest growing market for aquaculture water treatment systems, spurred by growing demand for native fish species and stringent regulations regarding wastewater discharge. Salmon farming is a major segment in countries such as Canada and Norway.
Key players operating in the aquaculture water treatment systems market are Aquafine Corporation, Pentair Aquatic Eco-Systems, Aquaculture Systems Technologies, AquaOptima, AKVA group, Artec Aqua, and Blue Ridge Technology. As the industry is consolidated, these players are focusing on new product launches and geographical expansion to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
