Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market PPT

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2. AQUACULTURE WATER TREATMENT SYSTEMS MARKET ANALYSIS • Aquaculture Water Treatment Systems Market and Recirculating Aquaculture Systems (RAS) Market, by Type (Recirculating Aquaculture Systems, Disc Filtration System, Ultraviolet (UV) Light Disinfection Systems, and Water Analytic Instruments), by Application (Freshwater and Seawater), Freshwater and Seawater is sub-segmented into (Carps, Barbels & Other Cyprinids, Miscellaneous Fresh Water Fishes, Clams, Cockles, Arkshells, Oysters, Tilapias & Other Cichlids, Shrimps, Prawns, Salmon, Trout, Smelts, Freshwater Crustaceans, Scallops, Pectens, and Others), and by Region (North America, Europe, Asia Pacific, and Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market - Insights The global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market was valued at US$ 8,320.0 million in 2017 and is projected to exhibit a CAGR of 15.3% during the forecast period (2019–2027), reaching US$ 32,165.8 million by 2027. Recirculating aquaculture system (RAS) is a technique for farming a variety of fishes, wherein processed water is constantly reconditioned and reused. The steps in recirculating aquaculture systems (RAS) include solids removal, ammonia removal, CO2 removal, and oxygenation. 

4. Significant Investments in Recirculating Aquaculture System (RAS) Facilities Increasing demand for recirculating aquaculture system (RAS) facilities for larger smolt is driving the growth of this market. RAS facilities for larger smolt needs significant investment when compared to RAS facilities for smolt between 80-100 grams. Larger smolt in recirculating aquaculture system (RAS) is a core solution to reduce exposure to insects and produce a high production cycle of fishes. Various companies are adopting strategies such as investments in RAS for smolt facilities, in order to maximize the production capacity. For instance, in August 2018, P/F Bakkafrost, a salmon farming company based in Faroe Islands, invested US$ 0.15 million for smolt operation for the next five years. In February 2017, Salmon producer, Scottish Sea Farms, invested US$ 43.55 million to build a new recirculation aquaculture system (RAS) smolt facility in the site of the former Marine Resource Centre (MRC) at Oban, Scotland. In October 2016, AMG Norway, a subsidiary of the Aqua Maof Group, was selected by Newfoundland AS to build an indoor salmon aquaculture facility in Newfoundland, Canada. The project investment was estimated at US$ 60 million. However, high operational costs, mainly due to electricity and maintenance of the system is expected to hamper the growth of the market.

5. Figure 1. Global Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market Value Share (%), By Type, 2018

6. Recirculating aquaculture systems (RAS) segment held dominant position in 2018 in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market On the basis of type, the market is segmented into recirculating aquaculture systems, disc filtration system, ultraviolet light disinfection systems, and water analytics instrument. Among all the types, recirculating aquaculture systems (RAS) segment held dominant position in the market in 2018. The functional parts of recirculation aquaculture system (RAS) include fish tanks, biofilter, U-tube aeration, and water circulation pump. In addition to this, RAS systems offer other facilities, which include ultraviolet light disinfection, automatic pH regulation, heat exchanging, denitrification, and others. Companies operating in this segment are focused on product launches, in order to expand their product portfolio. For instance, in November 2018, Pure Salmon, a salmon farming company, introduced a recirculating aquaculture system (RAS) facility in Japan.

7. Figure 2. Global Aquaculture Water Treatment Systems Market And Recirculating Aquaculture Systems (RAS) Market Value Share (%), by Region, 2018

8. Europe holds a dominant position in the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market On the basis of region, the global aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among all these regions, Europe aquaculture water treatment systems market and recirculating aquaculture systems (RAS) market generated revenue of US$ 3,059.7 Mn in 2018 and is expected to reach US$ 10,074.8 Mn by 2027, witnessing a CAGR of 14.4% over the forecast period. Increasing the adoption of recirculating aquaculture systems (RAS) for smolt plants is driving growth of the market in this region. For instance, in October 2018, AquaOptima entered into a collaboration with VikanSettefisk, a producer of tuna, to build a new recirculating aquaculture system (RAS) smolt plant in Trondheim, Norway.

9. Key players are focused on strategies such as investments, in order to expand their geographical presence. For instance, in December 2018, Israel-based AquaMaof Aquaculture Technologies invested US$ 28.5 million to build RAS facility of production capacity of 2,500 tons in the Vologda region of Russia. Moreover, in September 2018, Norcantabric, a Spain-based company, invested US$ 34.80 million on a recirculating aquaculture system (RAS), to raise Atlantic salmon in Cantabria, Spain. Key players operating in the market include AKVA group, Aquafine Corporation, Aquamaof Aquaculture Technologies Ltd, AquaOptima AS, Artec Aqua AS, ATG UV Technology, Billund Aquaculture, BioFishency Ltd., Clewer Aquaculture Oy, Global RAS Fishery & Co., Hesy Aquaculture B.V., MAT LSS - Aquarium Filtration Systems, Pentair PLC. (Pentair Aquatic Eco-Systems, Inc.), RADAQUA, SenectGmbh & Co. KG, Sterner AS, The Indian Aqua, Veolia Group, Water Management Technologies, Inc., and Xylem Inc.

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