Aquaponics Market by Production Type (Fish, Vegetables & Fruits, and Herbs), Equipment (Pumps & Valves, Grow Lights, Water Heaters, Water Quality Testing, Fish Purge Systems, and Aeration Systems), Component (Sump, Rearing Tanks, Biofilter, Hydroponics Subsystem, and Settling Basin), Application (Commercial, Home Food Production, and Education & Research) - Global Analysis & Forecast 2019-2030
Report ID : 194 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : FB-26
Aquaponics Market Introduction & Overview
Aquaponics refers to gardening in a closed system to grow vegetables and fish at the same time. Aquaponics is an automatic recirculating system that mimics a natural ecosystem. Hence, it does not require much monitoring. The waste produced by the fishes & other aquatic animals can be used to provide nutrients to plants and the plants provide filtered water to fishes.
The global aquaponics market is driven by factors such as environmental friendliness of the technique in an era of pollution and food & water scarcity. Moreover, aquaponics is advantageous over traditional farming methods. However, the high cost involved in the initial system setup is likely to restrain market growth to a certain extent.
The global aquaponics market is segmented by production type, equipment, component, and application
Aquaponics Market By Production Type
Based on production type, the market can be segmented into fish, vegetables & fruits, herbs, and others. The vegetables & fruits segment is estimated to dominate in 2019, owing to the growing demand for the organically produced food and the consumers’ behavior shift toward the vegan diet.
Aquaponics Market By Equipment
Based on equipment, the market can be segmented into pumps & valves, grow lights, water heaters, water quality testing, fish purge systems, aeration systems, and others. The grow lights segment is estimated to dominate in 2019 owing to applications in indoor farming due to the emission of heat & light in the process that is required for photosynthesis.
Aquaponics Market By Component
Based on the component, the market can be segmented into a sump, rearing tanks, biofilter, hydroponics subsystem, settling basin, and others. The hydroponics subsystem segment is expected to dominate the application segment as it offers various advantages over conventional cultivation practices including better cost-effectiveness, ease of monitoring, and optimal real-time nutrients balance.
Aquaponics Market By Application
Based on the application, the market can be segmented into commercial, home food production, education & research, and others. The commercial segment is dominating in 2019 owing to better sustainability, profitability, development, and perpetual harvesting.
Aquaponics Market By Region
The global aquaponics market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America is expected to dominate the aquaponics market owing to the high demand for organic food products. The Asia Pacific is expected to grow at the highest rate owing to factors such as rising awareness of organic food among the population and advancements in technology.
Aquaponics Market Prominent Players
Some of the prominent players in the global aquaponics market include PentairAES, Nelson & Pade Aquaponics, GreenLife Aquaponics, The Aquaponics Source, Endless Food Systems, Symbiotic Aquaponic, Practical Aquaponics, SynergyPonics, The Aquaponics Place LLC, and AquaCal, among others.