The global fish pumps market is experiencing significant growth, driven by the increasing demand for efficient and sustainable aquaculture practices. In 2022, the market was valued at approximately USD 129 million and is projected to reach USD 186 million by 2027, reflecting a compound annual growth rate (CAGR) of 7.6% during this period.
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Global Fish Pumps market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the growing advancements in the aquaculture industry like recirculatory aquaculture systems along with the growing demand for fish products across the globe. Similarly, rising the number of people choosing seafood and growing innovations in seafood sectors are expected to create lucrative growth during the forecasted period. Besides, the growing interest of millennials in colorful ornamental fish as a part of maintaining a luxury lifestyle is expected to drive the growth of the market over the years. Similarly, the growing humanization of pets and the boom in pet adoption are projected to drive the growth of the market. Also, increasing awareness regarding safety and cleanliness among fish adapters is one of the major factors propelling the growth of the market over the years. Additionally, the growing demand for monitoring the water chemistry in fish tanks for major concern for providing real-time measurements including checking water hardness and pH levels can enhance the demand for fish pumps and drive the growth of the market over the years.
Growing Aquaculture Industry
Growing Demand for Advanced Machinery with high productivity, efficiency
Market Segmentation
Recent Development
- In August 2021, Cermaq, a salmon producer and Folla Alger, an aquaculture company, entered into an agreement on integrated salmon and kelp farming in collaboration with leading research environments in Norway.
- In October 2020, Blue Ridge Aquaculture (BRA) has earmarked $2.5 million for the completion of a new, state-of-the-art nursery facility to support its existing farming operations and future growth plans.
- In December 2019, Cermaq launched an iFarm project. The iFarm project was launched in Steigen, Nordland County.
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Market Players
Pentair., Merck & Co. Inc., PG Flow Solution As., Faivre., MMC First Process As., Acuinuga., Inventive Marine Products Limited., MJOS Metallvarefabrikk As are some of the leading players operating in the Global Fish Pumps Market.
Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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By Pump Size
By Mode of Operation
By Application
By Region
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE
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Key companies profiled
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Pentair., Merck & Co. Inc., PG Flow Solution As., Faivre., MMC First Process As., Acuinuga., Inventive Marine Products Limited., MJOS Metallvarefabrikk As
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Customization scope
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10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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