Aquaponics System Market By Equipment (Pumps And Valves, Water Heaters, Grow Lights, Fish Purge Systems, Aeration Systems, Water Quality Testing And Others), Production Type (Vegetables & Fruits, Fish, Herbs And Others), Components (Rearing Tanks, Biofilter, Settling Basin, Sump, Hydroponics Subsystem And Others), End User (Commercial, Education & Research, Household, Community And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2019–2024)
Aquaponics system is the combination of aquaculture and hydroponics together in an ideal environment. Aquaculture is the growing of aquatic animals like fish, prawns and other aquatic animals. Hydroponics is cultivating of plants in water without soil. The aquaculture waste provides organic food for the plants. In return, plants naturally clean the water that goes back to fish. The third participant is microbes which provides nutrition for the plants. The microbes convert ammonia from the fish waste into nitrites and then into nitrates which is the form of nitrogen that plants can uptake and use to grow. The result is a perfect collaboration between aquaculture and hydroponics.
Global Aquaponics System Market was worth USD 703.0 million in 2019 and estimated to be growing at a CAGR of 14.64%, to reach USD 1392.3 million by 2024.
Aquaponics is a perfect hope for sustainable aquaculture, organic crop production, and water consumption. Basically, aquaponics and hydroponics uses the same systems, there aren’t many differences in how the system works, except for the added fish in the water tanks. Ph control is very important part of aquaponics. Flood and drain, drip irrigation, deep culture or water submerged roots, and nutrient film techniques are highly compatible and customizable to merge with growing fish. Few primary methods of aquaponics that are growing widely are Deep water culture, Media-based aquaponics, Nutrient Film Technique and Vertical Aquaponics. Aquaponics are becoming famous as an efficient way to produce food and eco-friendly.
Rise in population, increasing demand for organic fruits and vegetables, rise in disposable income, improvement in urban farming methods and off-season availability of fruits & vegetables, growing of new diseases due to the unhygienic food, technological advancements and new innovations in the field of agriculture, low cost in terms of lesser preparation time, rise in urbanisation, lower transport & storage costs of food and higher margins of benefits are driving the global aquaponics market growth from last few years. However, high cost equipment, limited number of skilled professionals and lack of awareness in rural areas are hampering the growth of the market.
The Global Aquaponics market has been segmented based on equipment, production type, components, end-users and region. On the basis of equipment, the market is segmented into pumps and valves, water heaters, grow lights, fish purge systems, water quality testing, aeration systems and others. Depending on production type, the market is segmented into fish, vegetables & fruits, herbs and others. The component segment consists of rearing tanks, biofilter, settling basin, sump, hydroponics subsystem and others. On the basis of application, the market is segmented into commercial, education & research, household, community and others.
The Global Aquaponics Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle-East and Africa. North America followed by the Europe has the major market share in the global Aquaponics market due to the innovation in technology to enhance efficiency of aquaponics system and rise in number of aquaponic practitioners. In Asia Pacific region, the market is projected to grow at the highest CAGR due to the increasing population, rise in disposable income and demand for organic food products is supporting the aquaponics market growth.
The key players dominating in the Aquaponics market are Nelson & Pade Inc., Urban Farms AG, ECF Farm systems GmbH, Backyard Aquaponics Ptv Ltd, My Aquaponics, Colorado Aquaponics and Green Life Aquaponics.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Equipment
5.1.1 Introduction
5.1.2 Pumps and Valves
5.1.3 Water heaters
5.1.4 Grow lights
5.1.5 Fish purge systems
5.1.6 Aeration systems
5.1.7 Water quality testing
5.1.8 Others
5.1.9 Y-o-Y Growth Analysis, By Product
5.1.10 Market Attractiveness Analysis, By Product
5.1.11 Market Share Analysis, By Product
5.2 Production Type
5.2.1 Introduction
5.2.2 Vegetables & Fruits
5.2.3 Fish
5.2.4 Herbs
5.2.5 Others
5.2.5 Y-o-Y Growth Analysis, By Production Type
5.2.6 Market Attractiveness Analysis, By Production Type
5.2.7 Market Share Analysis, By Production Type
5.3 Components
5.3.1 Introduction
5.3.2 Rearing tanks
5.3.3 Biofilter
5.3.4 Settling basin
5.3.5 Sump
5.3.6 Hydroponics subsystem
5.3.7 Others
5.3.7 Y-o-Y Growth Analysis, By Components
5.3.8 Market Attractiveness Analysis, By Components
5.3.9 Market Share Analysis, By Components
5.4 End user
5.4.1 Introduction
5.4.2 Commercial
5.4.3 Education & Research
5.4.4 Household
5.4.5 Community
5.4.6 Others
5.4.7 Y-o-Y Growth Analysis, By End user
5.4.8 Market Attractiveness Analysis, By End user
5.4.9 Market Share Analysis, By End user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Equipment
6.1.3.3 By Production Type
6.1.3.4 By Components
6.1.3.5 By End user
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Equipment
6.1.4.3 By Production Type
6.1.4.4 By Components
6.1.4.5 By End user
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Equipment
6.1.5.3 By Production Type
6.1.5.4 By Components
6.1.5.5 By End user
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Nelson & Pade Inc.,
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Urban Farms AG
8.3 ECF Farm systems GmbH
8.4 Backyard Aquaponics Ptv Ltd
8.5 My Aquaponics
8.6 Colorado Aquaponics
8.7 Green Life Aquaponics
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
