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Title: Aquaculture Water Treatment Systems Market Analysis | CMI


1
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2
AQUACULTURE WATER TREATMENT SYSTEMS MARKET
ANALYSIS
  • 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

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  • 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 (20192027), 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.

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Market Drivers
  • 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.

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  • 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.

6
Market Restraint
  • However, high operational costs, mainly due to
    electricity and maintenance of the system is
    expected to hamper the growth of the market.

7
Statistics
  • Recirculating aquaculture systems (RAS) segment
    held dominant position in 2018 in the global
    aquaculture water treatment systems market and
    recirculating aquaculture systems (RAS) market
  • Figure 1. Global Aquaculture Water Treatment
    Systems Market And Recirculating Aquaculture
    Systems (RAS) Market Value Share (), By Type,
    2018

8
Segment Information
  • 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.

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  • Europe holds a dominant position in the global
    aquaculture water treatment systems market and
    recirculating aquaculture systems (RAS) market
  • Figure 2. Global Aquaculture Water Treatment
    Systems Market And Recirculating Aquaculture
    Systems (RAS) Market Value Share (), by Region,
    2018

10
  • 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.

11
Key Development
  • 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.

12
Competitive Section
  • 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.

13
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  • Reference https//www.coherentmarketinsights.com
    /market-insight/aquaculture-water-treatment-system
    s-market-and-recirculating-aquaculture-systems-mar
    ket-3123

14
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