Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, by Type (Recirculating Aquaculture Systems, Disc Filtration System, Ultraviolet (UV) Light Disinfection Systems, and Water Analytic Instruments), by Application (Freshwater and Seawater), Freshwater and Seawater is sub-segmented into (Carps, Barbels & Other Cyprinids, Miscellaneous Fresh Water Fishes, Clams, Cockles, Arkshells, Oysters, Tilapias & Other Cichlids, Shrimps, Prawns, Salmon, Trout, Smelts, Freshwater Crustaceans, Scallops, Pectens, and Others), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published On : Dec 2019 |
  • Pages : 160 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market - Insights

The global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market was valued at US$ 8,320.0 million in 2017 and is projected to exhibit a CAGR of 15.3% during the forecast period (2019–2027), reaching US$ 32,165.8 million by 2027. Recirculating aquaculture system (RAS) is a technique for farming a variety of fishes, wherein processed water is constantly reconditioned and reused. The steps in recirculating aquaculture systems (RAS) include solids removal, ammonia removal, CO2 removal, and oxygenation. 

Significant Investments in Recirculating Aquaculture System (RAS) Facilities

Increasing demand for recirculating aquaculture system (RAS) facilities for larger smolt is driving the growth of this market. RAS facilities for larger smolt needs significant investment when compared to RAS facilities for smolt between 80-100 grams. Larger smolt in recirculating aquaculture system (RAS) is a core solution to reduce exposure to insects and produce a high production cycle of fishes.

Various companies are adopting strategies such as investments in RAS for smolt facilities, in order to maximize the production capacity. For instance, in August 2018, P/F Bakkafrost, a salmon farming company based in Faroe Islands, invested US$ 0.15 million for smolt operation for the next five years.

In February 2017, Salmon producer, Scottish Sea Farms, invested US$ 43.55 million to build a new recirculation aquaculture system (RAS) smolt facility in the site of the former Marine Resource Centre (MRC) at Oban, Scotland.

In October 2016, AMG Norway, a subsidiary of the Aqua Maof Group, was selected by Newfoundland AS to build an indoor salmon aquaculture facility in Newfoundland, Canada. The project investment was estimated at US$ 60 million.

However, high operational costs, mainly due to electricity and maintenance of the system is expected to hamper the growth of the market.

Figure 1. Global Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market Value Share (%), By Type, 2018

Aquaculture Water Treatment Systems  | Coherent Market Insights

Source: Coherent Market Insights Analysis, 2018

Recirculating aquaculture systems (RAS) segment held dominant position in 2018 in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market

On the basis of type, the market is segmented into recirculating aquaculture systems, disc filtration system, ultraviolet light disinfection systems, and water analytics instrument. Among all the types, recirculating aquaculture systems (RAS) segment held dominant position in the market in 2018.

The functional parts of recirculation aquaculture system (RAS) include fish tanks, biofilter, U-tube aeration, and water circulation pump. In addition to this, RAS systems offer other facilities, which include ultraviolet light disinfection, automatic pH regulation, heat exchanging, denitrification, and others.

Companies operating in this segment are focused on product launches, in order to expand their product portfolio. For instance, in November 2018, Pure Salmon, a salmon farming company, introduced a recirculating aquaculture system (RAS) facility in Japan.

Figure 2. Global Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market Value Share (%), by Region, 2018

Aquaculture Water Treatment Systems  | Coherent Market Insights

Source: Coherent Market Insights Analysis, 2018

Europe holds a dominant position in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market

On the basis of region, the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among all these regions, Europe aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market generated revenue of US$ 3,059.7 Mn in 2018 and is expected to reach US$ 10,074.8 Mn by 2027, witnessing a CAGR of 14.4% over the forecast period. Increasing the adoption of recirculating aquaculture systems (RAS) for smolt plants is driving growth of the market in this region. For instance, in October 2018, AquaOptima entered into a collaboration with Vikan Settefisk, a producer of tuna, to build a new recirculating aquaculture system (RAS) smolt plant in Trondheim, Norway.

Key players are focused on strategies such as investments, in order to expand their geographical presence. For instance, in December 2018, Israel-based AquaMaof Aquaculture Technologies invested US$ 28.5 million to build RAS facility of production capacity of 2,500 tons in the Vologda region of Russia.

Moreover, in September 2018, Norcantabric, a Spain-based company, invested US$ 34.80 million on a recirculating aquaculture system (RAS), to raise Atlantic salmon in Cantabria, Spain.

Key players operating in the market include AKVA group, Aquafine Corporation, Aquamaof Aquaculture Technologies Ltd, AquaOptima AS, Artec Aqua AS, ATG UV Technology, Billund Aquaculture, BioFishency Ltd., Clewer Aquaculture Oy, Global RAS Fishery & Co., Hesy Aquaculture B.V., MAT LSS - Aquarium Filtration Systems, Pentair PLC. (Pentair Aquatic Eco-Systems, Inc.), RADAQUA, Senect Gmbh & Co. KG, Sterner AS, The Indian Aqua, Veolia Group, Water Management Technologies, Inc., and Xylem Inc.

The global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market was valued at US$ 8,320.0 million in 2017 and is projected to exhibit a CAGR of 15.3% over the forecast period, reaching US$ 32,165.8 million by 2027. Recirculating aquaculture system (RAS) is a technique used for farming variety of fishes, wherein processed water is constantly reconditioned and reused. The steps in recirculating aquaculture system (RAS) includes solids removal, ammonia removal, CO2 removal, and oxygenation. 

Market Dynamics

Increasing demand for recirculating aquaculture system in areas where water is scarce and the land is too expensive for fish farming. RAS systems occupy minimal land and require less water compared to open net-pen aquaculture, which is expected to increase demand for RAS systems in these regions.

Prominent players in the market are focusing on strategies such as collaboration, in order to expand their geographic presence. For instance, in October 2018, AquaOptima entered into a collaboration with Vikan Settefisk, a producer of tuna, to build a new recirculating aquaculture system (RAS) smolt plant in Trondheim, Norway. In September 2019, NaturalShrimp, Inc., an aquaculture company, collaborated with barramundi producer Hanilu Farm to increase the growth rate of indoor barramundi aquaculture operations.

However, high set up costs for building or deploying a recirculating aquaculture system (RAS) is one of the major factors restraining growth of the market. Installation of a recirculating aquaculture system requires tremendous capital investment compared to open-water net pen systems. Moreover, according to statistics from the Conservation Fund, in 2015, building two production sites for open-water net pen systems required a capital amount of around US$ 12.3 million and building one production recirculating aquaculture system (RAS) cost around US$ 32 million.

Market Taxonomy

The global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into recirculating aquaculture systems (RAS), disc filtration system, ultraviolet light disinfection systems, and water analytics instrument. On the basis of application, the market is segmented into freshwater and seawater. Freshwater and seawater is sub-segmented into carps, barbels & other cyprinids, miscellaneous fresh water fishes, clams, cockles, arkshells, oysters, tilapias & other cichlids, shrimps, prawns, salmon, trout, smelts, freshwater crustaceans, scallops, pectens, and others. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include AKVA group, Aquafine Corporation, Aquamaof Aquaculture Technologies Ltd, AquaOptima AS, Artec Aqua AS, ATG UV Technology, Billund Aquaculture, BioFishency Ltd., Clewer Aquaculture Oy, Global RAS Fishery & Co., Hesy Aquaculture B.V., MAT LSS - Aquarium Filtration Systems, Pentair PLC. (Pentair Aquatic Eco-Systems, Inc.), RADAQUA, Senect Gmbh & Co. KG, Sterner AS, The Indian Aqua, Veolia Group, Water Management Technologies, Inc., and Xylem Inc.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market

Detailed Segmentation:

  • Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, By Type:
    • Recirculating Aquaculture Systems
    • Disc Filtration System
    • Ultraviolet (UV) Light Disinfection Systems
    • Water Analytic Instruments
  • Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, By Application:
    • Freshwater
      • Carps, Barbels & Other Cyprinids
      • Miscellaneous Fresh Water Fishes
      • Clams, Cockles, Arkshells
      • Oysters
      • Tilapias & Other Cichlids
      • Shrimps, Prawns
      • Salmon, Trout, Smelts
      • Freshwater Crustaceans
      • Scallops, Pectens
      • Others
    • Seawater
      • Carps, Barbels & Other Cyprinids
      • Miscellaneous Fresh Water Fishes
      • Clams, Cockles, Arkshells
      • Oysters
      • Tilapias & Other Cichlids
      • Shrimps, Prawns
      • Salmon, Trout, Smelts
      • Freshwater Crustaceans
      • Scallops, Pectens
      • Others
  • Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
      • By Segmentation
        • Market Size and Forecast, By Type, 2017 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
    • Europe
      • By Country
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
      • By Segmentation
        • Market Size and Forecast, By Type, 2017 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • Rest of Asia Pacific
      • By Segmentation
        • Market Size and Forecast, By Type, 2017 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
    • Latin America
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Chile
        • Rest of Latin America
          • By Segmentation
            • Market Size and Forecast, By Type, 2017 - 2027 (US$ Million)
            • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
    • Middle East & Africa
      • By Country
        • GCC Countries
        • South Africa
        • Rest of Middle East & Africa
      • By Segmentation
        • Market Size and Forecast, By Type, 2017 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million)
  • Company Profiles
    • AKVA group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Aquafine Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Aquamaof Aquaculture Technologies Ltd
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • AquaOptima AS
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Artec Aqua AS
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • ATG UV Technology
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Billund Aquaculture
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • BioFishency Ltd.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Clewer Aquaculture Oy
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Global RAS Fishery & Co.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Hesy Aquaculture B.V.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • MAT LSS - Aquarium Filtration Systems
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Pentair PLC. (Pentair Aquatic Eco-Systems, Inc.)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • RADAQUA
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Senect Gmbh & Co. KG
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Sterner AS
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • The Indian Aqua
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Veolia Group
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Water Management Technologies, Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Xylem Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates

*Browse all the market data tables and figures on "Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market - Global forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Merger and Acquisitions
    • Key Trends
    • Research & Development Activities
    • Water Treatment Technologies
  4. Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, By Type, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Recirculating Aquaculture Systems
      • Introduction
      • Market Size and Forecast, 2019 – 2027, (US$ Million)
    • Disc Filtration System
      • Introduction
      • Market Size and Forecast, 2019 – 2027, (US$ Million)
    • Ultraviolet (UV) Light Disinfection Systems
      • Introduction
      • Market Size and Forecast, 2019 – 2027, (US$ Million)
    • Water Analytic Instruments
      • Introduction
      • Market Size and Forecast, 2019 – 2027, (US$ Million)
  5. Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, By Application, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Freshwater
      • Carps, Barbels & Other Cyprinids
      • Miscellaneous Fresh Water Fishes
      • Clams, Cockles, Arkshells
      • Oysters
      • Tilapias & Other Cichlids
      • Shrimps, Prawns
      • Salmon, Trout, Smelts
      • Freshwater Crustaceans
      • Scallops, Pectens
      • Others
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (US$ Million)
    • Seawater
      • Carps, Barbels & Other Cyprinids
      • Miscellaneous Fresh Water Fishes
      • Clams, Cockles, Arkshells
      • Oysters
      • Tilapias & Other Cichlids
      • Shrimps, Prawns
      • Salmon, Trout, Smelts
      • Freshwater Crustaceans
      • Scallops, Pectens
      • Others
      • Introduction
      • Market Size and Forecast, 2019 - 2027, (US$ Million)
  6. Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, By Region, 2017 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • By Country
        • U.S.
        • Canada
      • By Segment
        • Market Size and Forecast, By Type, 2019 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
    • Europe
      • By Country
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
      • By Segment
        • Market Size and Forecast, By Type, 2019 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • Rest of Asia Pacific
      • By Segment
        • Market Size and Forecast, By Type, 2019 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
    • Latin America
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Chile
        • Rest of Latin America
      • By Segment
        • Market Size and Forecast, By Type, 2019 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
    • Middle East and Africa
      • By Country
        • GCC Countries
        • South Africa
        • Rest of Middle East & Africa
      • By Segment
        • Market Size and Forecast, By Type, 2019 - 2027 (US$ Million)
        • Market Size and Forecast, By Application, 2019 - 2027 (US$ Million)
  7. Competitive Landscape
    • Company Profiles
      • AKVA group*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Aquafine Corporation
      • Aquamaof Aquaculture Technologies Ltd
      • AquaOptima AS
      • Artec Aqua AS
      • ATG UV Technology
      • Billund Aquaculture
      • BioFishency Ltd.
      • Clewer Aquaculture Oy
      • Global RAS Fishery & Co.
      • Hesy Aquaculture B.V.
      • MAT LSS - Aquarium Filtration Systems
      • Pentair PLC. (Pentair Aquatic Eco-Systems, Inc.)
      • RADAQUA
      • Senect Gmbh & Co. KG
      • Sterner AS
      • The Indian Aqua
      • Veolia Group
      • Water Management Technologies, Inc.
      • Xylem Inc.
    • Note- The parameter covered under the * mark will be covered across each company
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse all the market data tables and figures on "Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market - Global forecast to 2027”.

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