Aquaponics Market, Size Worth USD 1,501.0 Million by 2024: CAGR of 22.5%

Aquaponics Market report published by Value Market Research provides a detailed market analysis comprising of market size, share, value, growth and trends for the period 2018-2024. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country market in detail.

According to the global Aquaponics Market report published by Value Market Research, the market is expected to touch USD 1,501.0 Million by 2024, with a CAGR of 22.5% growing from USD 370.5 Million in 2017.

The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aquaponics market includes Backyard Aquaponics Pty Ltd., Colorado Aquaponics, ECF Farmsystems GmbH, Greenlife Aquaponics, My Aquaponics, Nelson & Pade Inc. and Urban Farms AG. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.

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Market Dynamics

The market of aquaponics is growing mainly due to technological advancement. The major driver of aquaponics market is that it helps in enhancing the ultimate productivity with minimum inputs than traditional agriculture and aquaculture practices. Aquaponics is an advantageous method as it helps in improving ultimate productivity in a cost-effective manner. Moreover, this system helps in the production of herbs with the high market, vegetables, and leafy greens, as well as fish, crayfish, worms, mushrooms, and many other crops. Furthermore, it allows agriculture to take important innovative steps toward environmental sustainability. On the other hand, expensive initial startup costs compared with soil vegetable production or hydroponics is likely to act as a restraint.

This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aquaponics.

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Market Segmentation

The broad aquaponics market has been sub-grouped into type, equipment, component, and applications. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Production Type
• Fish
• Vegetables & Fruits
• Herbs
• Others

By Equipment
• Pumps and Valves
• Grow Lights
• Water Heaters
• Water Quality Testing
• Fish Purge Systems
• Aeration Systems
• Others

By Component
• Sump
• Rearing Tanks
• Biofilter
• Hydroponics Subsystem
• Settling Basin
• Others

By Application
• Commercial
• Home Food Production
• Education & Research
• Others

Regional Analysis

Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for aquaponics in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.

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