Rising demand for organic
fruits & vegetables along with growing population to drive global
aquaponics market through 2024
According to TechSci Research report, “Global Aquaponics Market By Equipment, By Method,By Application, By Region, Forecast & Opportunities, 2024”, the global aquaponics market is expected to grow at a CAGR of around 23% during the forecast period. Aquaponics is witnessing adoption since it is organic in nature and no pesticide or fertilizer is used in the entire process. Further, aquaponics utilizes least aquatic space for husbandry of vegetables, this is an imperative facet for aquaponics salability as arable lands are shrinking owing to rapid urbanization and industrialization. However, the high cost of initial set up of aquaponics system and the high investment for technological system installation are likely to hamper the growth of the market during forecast period. Additionally, other sustainable agriculture techniques such as vertical farming, organic arable farming, among others are witnessing growth owing to their increased adoption. This can obstruct the growth of aquaponics market.
Browse XX market data Tables and XX Figures spread
through110 Pages and an
in-depth TOC on“Global Aquaponics Market”
aquaponics market is segmented based on equipment, method, application, company
and country. Based on equipment, the market can be segmented into pumps &
valves, grow lights, water heaters, water quality testing, fish purge systems
and aeration system. Of all, grow lights are expected to grow at the fast pace
during the forecast period since they emit high efficiency light and heat which
is required for the process of photosynthesis. Additionally, they find their
use in a variety of applications.
Nelson and Pade
Inc., Pentair Aquatic Eco-Systems, Inc., ECF Farmsystems GmbH, Backyard Aquaponics
Pty Ltd., AquaCal AutoPilot, Inc., GrowUp Urban Farms Ltd., The aquaponik
manufaktur GmbH, NutraPonics Canada Corporation, Aponic Ltd, and Blueplanet
Urban Agro Services Pvt Ltd. are some of the leading players operating in global aquaponics
market. The companies operating in the market are using organic strategies such
as product launches, mergers and collaborations to boost their share.
Customers can also request for 10% free
customization on this report.
“Europe is expected to be
the fastest growing market for aquaponics during the forecast period, owing to
the rising demand for organic food along with technological innovations in this
region. Additionally, funding provided by the European Union to promote
adaptation of aquaponics technique are providing new opportunities for the
market to grow at a rapid rate in the region.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
“Global Aquaponics Market By Equipment, By Method, By Application, By Region, Forecast & Opportunities, 2024” has evaluated the future growth potential of global aquaponics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global aquaponics market.