Global Fish Pumps Market Insights Forecasts to 2030
- The Global Fish Pumps Market Size was valued at USD 120.87 Million in 2021
- The Market is Growing at a CAGR of 6.9% from 2021 to 2030
- The Worldwide Fish Pumps Market size is expected to reach USD 219.11 Million by 2030
- Europe is expected to grow the fastest during the forecast period
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The Global Fish Pumps Market is expected to reach USD 219.11 Million by 2030, at a CAGR of 6.9% during the forecast period 2021 to 2030. The current edition of the report includes an updated market overview with information on key conferences and regulatory bodies, government agencies, and other organizations, as well as key stakeholders and their purchasing criteria. Regulatory analysis, Porter's five forces analysis, value chain analysis, supply chain analysis, ecosystem analysis, patent analysis, adjacent market analysis, and pricing analysis are also included in the market overview chapters.
The fish pumps market is divided into three segments: application, size, and mode of operation. Fish pumps help to move water and fish more efficiently, resulting in lower operating costs and ultra-quiet operation. Advances in the aquaculture industry, such as the Recirculatory Aquaculture System (RAS), and continuous growth in the demand for fish are some of the factors that are projected to fuel the expansion of the fish pump market. Pumps transport fish caught in purse seines, nets, and trawls. Fish pumps mounted on tractors are also used to unload fish from beach seines towed ashore. Because hydropneumatic fish pumps have no moving parts, they are the least hazardous. A fish pump can handle up to 50 tonnes per hour and has a lifting height of up to 7 metres. Smart fish pumps are becoming more popular as a result of process optimization, efficiency gains, and automation. The 10 inch and 14 inch pumps can be used on a variety of fish, making them ideal for fishing. During the study period, the growing demand for fish pumps will provide lucrative opportunities for market participants. The Asia Pacific is being driven by an increase in the number of people choosing seafood, as well as Asia Pacific, being a major producer. With heavy investments in R&D, new innovations across food sectors that cater to the varying needs of target customers prove to be an influential factor in driving the market's overall growth.
This research report categorizes the market for global fish pumps market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the fish pumps market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the fish pumps market.
Global Fish Pumps Market Report Coverage
|Market Size in 2021:||USD 120.87 Million|
|Forecast Period 2021-2030 CAGR:||6.9%|
|2030 Value Projection:||USD 219.11 Million|
|Historical Data for:||2017-2020|
|No. of Pages:||200|
|Tables, Charts & Figures:||100|
|Segments covered:||By Application, By Size, By Mode of Operation, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Acuinuga , Inventive Marine Products Limited , Innovasea , Faivre , MaskonMarel , Mjos Metallvarefabrikk As , Sterner, Smir , Desmi, Cflow , Pg Flow Solutions , Pentair AES , MMC First Process|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The growing global population will demand fish products as part of their healthy diet, which is projected to accelerate market growth during the forthcoming years. Furthermore, rising urbanization and income levels can increase demand for healthy food products as part of their daily diet, so the fish product will make a significant contribution to more growth in the forecast timeline. Similarly, as the negative impact of poultry and meat products grows, consumers are shifting towards fish products, which will increase demand for the fish pump market over time. According to a survey conducted by the International Trade Administration and the US Department of Commerce, the aquaculture sector is projected to expand rapidly due to the high demand for seafood over meat products.
Cavitation is the formation of a vapour phase in a liquid when subjected to reduced pressures at constant ambient temperature. Due to insufficient liquid, vapour bubbles formed within industrial pumps tend to move towards high-pressure areas within them, where they collapse under sufficient pressure and return to the liquid state. The imposition of these bubbles and flakes of small metal flakes from impeller surfaces causes low-frequency vibration and noise, as well as extensive damage to industrial pumps. This formation and collapse are both rapid and violent in the case of cavitation. This has an effect on pump performance, resulting in lower sales and higher replacement costs. Processing lines that are disrupted or poorly executed can cause suction or discharge pressure to drop, resulting in cavitation. As a result, cavitation and dry-run failures can stymie the growth of the industrial pump market.
The Global Fish Pumps Market share is segmented into application, size, and mode of operation.
- The aquaculture segment is estimated to hold the largest share of the global fish pumps market during the predicted period.
Based on the application, the global fish pumps market is segmented into aquaculture and fishing. Among these, the aquaculture segment is estimated to hold the largest share of global fish pumps market during the predicted period. The market's expansion can be attributed to rising global demand for seafood and growing awareness of the benefits of seafood consumption. Some further factor that drives the growth of this market is technological developments in aquaculture pumps. They consume less energy than water pumps and are easier to install as a result.
- The 2.5” pumps segment is expected to be the fastest growing segment of the global fish pumps market during the forecast period.
Based on the size, the global fish pumps market is segmented into 2.5” pumps, 4” pumps, 6” pumps, 8” pumps, 10” pumps, 12” pumps, and 14” pumps. Among these, the 2.5” pumps segment is expected to be the fastest growing segment of the global fish pumps market during the forecast period. Small pieces of seafood are transported using these pumps. These lightweight pumps are ideal for hatcheries. Hatcheries are facilities that breed and raise aquaculture products for at least part of their life cycle. Aquaculture hatcheries provide seed stock for commercial aquaculture grow-out farms, aquarium trade, and fish stocking programmes. FAIVRE (France), for example, can handle fish up to 40g in weight. The pumps are lightweight and simple to use. Fish production has increased as a result of fish farming, which has also become the best alternative source of food for many people. As a result, 2.5" pumps become increasingly important. These factors are boosting the market of 2.5” Pumps market.
- The automation segment is expected to grow the fastest during the forecast period.
On the basis of mode of operation, the global fish pumps market is differentiated into manual and automatic. Among these, the automation segment is expected to grow the fastest during the forecast period. The Internet of Things (IoT) and smart manufacturing can benefit the aquaculture industry. Intelligent machines equipped with advanced analytics provide insights into processes that can aid in increasing efficiency and safety. Smart pumps help to reduce excess energy, which can save a company hundreds of thousands of dollars in operating costs over time. This technology undoubtedly contributes to organizational sustainability because it is best suited to the specific environment in which it operates and contributes to optimal performance.
Regional Segment Analysis of the Fish Pumps market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia pacific holds the largest share of the fish pumps market.
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Asia Pacific is expected to hold the largest share of the global fish pumps market during the predicted period. The Asia Pacific region is classified into major countries such as India, China, Japan, and the rest of Asia Pacific. The market for fish pumps is expanding as the world's middle class expands in countries such as China, India, and Indonesia. In recent years, China's aquaculture industry has grown rapidly, and the country has been the world's leading producer. During the study period, the country's demand for fish pumps will be boosted by an increase in demand for seafood, and associated products, and a greater emphasis on increasing production through aquaculture.
Europe is expected to grow the fastest over the forecast timeframe. The majority of the biggest manufacturers have their headquarters in this area, and they are actively expanding their presence here by constructing new facilities or increasing the output capacities of existing ones. Fish demand is increasing as the world's population grows, which is driving the rapid expansion of land-based and marine aquaculture systems such as recirculation, incubators, and flow-through systems to produce more fish more efficiently. Because of the increase in RAS, there is a greater demand for 2.5" to 4' pumps, which are used for both hatcheries and fish transfers.
In 2021, North America held the third largest global fish pumps market share. As a highly developed economy, North America has seen significant developments and innovations in the fish pumps market. The major country driving the region's growth is the United States, which maintains a strong seafood market with a thriving seafood trade.
The report offers the appropriate analysis of the key organizations/companies involved within the global fish pumps market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Inventive Marine Products Limited
- Mjos Metallvarefabrikk As
- Pg Flow Solutions
- Pentair AES
- MMC First Process
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In February 2023, Innovasea, a global leader in technologically advanced aquatic solutions for aquaculture and fish tracking, announced today that it assisted Benguela Blue Aqua Farming in obtaining permits to raise Atlantic salmon in net pens off Namibia's coast.
- In November 2021, TH Company, the company established a new office in Ecuador. This is the new hydraulic and pneumatic material logistics hub for the country. The company was able to provide technical assistance and better serve its customers due to its new office.
- In August 2021, Cermaq, a salmon producer, and Folla Alger, an aquaculture company, have agreed to collaborate on integrated salmon and kelp farming with leading Norwegian research environments.
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Global Fish Pumps Market based on the below-mentioned segments:
Global Fish Pumps Market, By Application
Global Fish Pumps Market, By Size
- 2.5” Pumps
- 4” Pumps
- 6” Pumps
- 8” Pumps
- 10” Pumps
- 12” Pumps
- 14” Pumps
Global Fish Pumps Market, By Mode of Operation
Global Fish Pumps Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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