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

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users