Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market is Expected to Exhibit a CAGR of 15.3% over the Forecast Period (2019-2027) - Coherent Market Insights

Published On : Dec 02, 2019

The "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, 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) - Global Forecast to 2027”, is expected to be valued at US$ 32,165.8 million by 2027, witnessing a CAGR of 15.3% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.

Increasing demand for recirculating aquaculture systems to raise new species of fish is driving the market growth. For instance, in March 2018, Kingfish Zeeland planned to build a new recirculating aquaculture system (RAS) farm to raise yellowtail kingfish in the U.S.

Key players and R&D firms in the region are focusing on advancements in technology in RAS systems, which is expected to fuel growth of the North America market. For instance, in August 2018, the United States Department of Agriculture awarded a contract to Skyhaven Systems, LLC, a research and development firm in North America, to develop an electrochemical denitrification process for recirculating aquaculture systems (RAS).

Browse over 40 Market Data Tables and 60 Figures spread through over 140 Pages and in-depth TOC on "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, 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, Latin America, and Middle East & Africa) - Global Forecast to 2027".

To know the latest trends and insights prevalent in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market, click the link below

https://www.coherentmarketinsights.com/market-insight/aquaculture-water-treatment-systems-market-and-recirculating-aquaculture-systems-market-3123

Key Takeaways of the Global Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market:

  • The global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market is projected to reach US$ 32,165.8 million by 2027, exhibiting a CAGR of 15.3% over the forecast period
  • Among type, the recirculating aquaculture systems (RAS) segment held dominant position in 2018 and ultraviolet (UV) light disinfection systems segment is projected to exhibit the highest CAGR of 15.7% over the forecast period.
  • According to the data published in 2013 from the Department of Fisheries and Wildlife Sciences, recirculating aquaculture systems (RAS) aid in growth of striped bass, tilapia, crawfish, blue crabs, mussels, catfish, and aquarium pets. Furthermore, according to the same source, recirculating aquaculture systems (RAS) are available in comprehensive range of sizes such as large-scale production systems (over 1 million pounds per year), intermediate-sized systems (500,000 pounds per year), and small systems (50,000 pounds per year).
  • Among region, Asia Pacific is projected to exhibit the highest CAGR of 17.7% by 2027
  • Asia Pacific is the fastest growing region in the market. Emerging economies such as China, India, and Japan are major growth engines for the Asia Pacific market. These economies in the region offers growth opportunities and hence, major companies are focusing on setting up recirculating aquaculture system (RAS) facilities in this region. For instance, in November 2018, land-based salmon farming company, Pure Salmon, introduced a recirculating aquaculture system (RAS) facility in Japan.
  • Some of the major players operating in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) 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.

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