Aquaculture water treatment systems are used for maintaining optimal water conditions for aquaculture farming by removing solid and liquid waste as well as regulating various water quality parameters such as dissolved oxygen, pH, ammonia, etc. These systems help in circulating, cleaning, and disinfecting aquaculture water and support the cultivation of various fish and shellfish species. The growing demand for proteins from seafood has boosted aquaculture production worldwide.
The global Aquaculture Water Treatment Systems Market is estimated to be valued at US$ 294474.93 Mn in 2023 and is expected to exhibit a CAGR of 54% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Recirculating aquaculture systems or RAS have seen immense growth in recent years. RAS limit the use of external water and enable intensive aquaculture production with minimal discharge into the surrounding environment. They circulate and treat water to remove metabolic wastes produced by farmed species and maintain optimal water quality. RAS have thus contributed to the increased adoption of aquaculture water treatment systems as they offer benefits such as higher production yields and biosecurity compared to traditional flow-through systems. Their usage has significantly grown across regions to meet the rising demand for aquaculture products in a sustainable manner.
SWOT Analysis
Strength: Aquaculture water treatment systems and RAS have superior filtration capabilities that maintain optimal water quality conditions for raised aquatic species. They enable environmentally sustainable fish and seafood farming.
Weakness: High initial capital costs for setting up advanced RAS facilities. Dependence on imported components increases operating expenses.
Opportunity: Growing global seafood demand and depleting ocean fish stocks drive the need for commercial aquaculture expansion. Investments in RAS technology development can further improve productivity and profitability.
Threats: Disease outbreaks threaten fish stocks inside RAS. Changes in environmental regulations could impact the design and operation of aquaculture systems.
Key Takeaways
The Global Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is US$ 294474.93 Mn and is expected to rise at a CAGR of 54% through 2030.
Regional analysis
North America dominates the market currently, supported by investments in RAS technology advancement and subsidies for aquafarming enterprises. Asia Pacific is expected to emerge as the fastest growing regional market owing to the large scale of freshwater and marine fish farming in China, India, Vietnam and Indonesia which are major producers and consumers of aquaculture products globally.
Key players
Key players operating in the aquaculture water treatment systems and RAS market are Accenture, Coinbase, Chain Inc., Deloitte Touche Tohmatsu Limited, Digital Asset Holdings, LLC, IBM Corporation, JP Morgan Chase & CO, Microsoft Corporation, Ripple, and R3. These companies offer integrated solutions for water purification, recirculation, monitoring and process control in commercial aquafarms. Strategic collaborations aid technology transfer between academic research and industry applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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