Global Aquaponics Market Report :
This report gives a comprehensive outlook on the aquaponics system across the globe with special emphasis on key region ns such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on material testing market gives historical, current, and future market sizes (US$ XX Mn) on the basis of produce type, equipment, application, and region. This report studies Global Aquaponics market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, this industry market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global aquaponics market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of this industry market report include suppliers, manufacturers, and marketers, policy makers engaged in aquaponics system products.
The global aquaponics market estimated to be expand at significant CAGR over 2019-2025 due to technological advancement in aquaponics system. Due to increasing demand of sea food and herbs and growing advanced technology in aquaculture and hydroponics are drive the growth of this industry market during the forecast period. High adoption of sea food by the most of countries peoples and ease of availability will raise this market over future time. But, lack of skilled persons and high investment cost may affect the growth of global aquaponics market.
Increasing the applicability of Global Aquaponics in various areas
Aquaponics has application in different ways such as commercial, home production, community, research centers and others. Commercial aquaponics has largest revenue share in the global aquaponics market. Growing awareness of cultivation of hydroponics and aquaculture which is progressively causing shift towards adoption of aquaponics system. Rising demand of locally grown and organic vegetable is the fuel for growth of this market.
North America Accounts for Larger Market Revenue Share in Global Aquaponics Market
Geographically, Global Aquaponics market is segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has expected to dominate in the revenue share due to technological advancement in aquaponics systems. Major key players are present in the North America such Pentair Aquatic Eco-System, Nelson and Pade, Inc., Aquaponics USA, Green Life Aquaponics, The Aquaponics Source, etc. Asia Pacific region is an emerging and lucrative market of aquaponics systems during the forecast period due to more population and developing economic.
Key player’s profiles in this market include:
- Nutraponics Canada Corporation
- Nelson and Pade, Inc.
- Pentair Aquatic Eco-System
- My Aquaponics
- Greenlife Aquaponics
- ECF Farmsystems GMBH
- Aquaponic Lynx LLC
- Aqua Allotments
- Aquaponics USA
- Endless Food Systems
- Backyard Aquaponics
- Symbiotic Aquaponic LLC
- The Aquaponics Source
On June 19, 2019, Symbiotic Aquaponic did partnership with TIES, area organizations in classroom aquaponics project.
Key Findings of the Report:
- Global Aquaponics market expanding at significant CAGR over 2019 to 2025 owing to launch of newer products into market.
- Based on produce type, equipment, application segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in this market
By Produce Type
- Vegetables Plants
- Grow Lights
- Pumps & Valves
- Fish Purge Systems
- Aeration Systems
- Home production
- Research Centers
- Agriculture & Schools
- Rest of Europe
- Australia & New Zealand
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market