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Integrated Recirculating Aquaculture System (RAS) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

01-04-2024 09:05 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Integrated Recirculating Aquaculture System (RAS) Market

The global Integrated Recirculating Aquaculture System (RAS) market is projected to grow from US$ 4938.6 million in 2023 to US$ 8246.1 million by 2029, at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period.

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Integrated Recirculating Aquaculture System (RAS) Market Trends

The growing emphasis on sustainable aquaculture methods is driving a considerable rise in the Integrated Recirculating Aquaculture System (RAS) market. The aquaculture sector looks for environmentally sustainable solutions as worries about overfishing and its effects on the environment grow. With its economical use of water and low environmental impact, integrated RAS becomes a major force behind sustainable aquaculture, drawing in interested parties that wish to solve ecological issues related to fish farming. One major element propelling the growth of the Integrated RAS Market is efficient water management. Traditional aquaculture systems frequently have issues with water use and disposal. By minimizing the need for huge water quantities, minimizing the impact on the environment, and optimizing water utilization through recirculation, integrated RAS tackles these problems.

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Enhanced disease management and biosecurity controls provided by integrated RAS support the market's expansion. The aquaculture environment is less likely to become contaminated by outside pollutants and diseases because of closed-loop technology. The use of a biosecure strategy not only guarantees the well-being of fish populations but also mitigates the requirement for antibiotics and chemicals, so conforming to the evolving consumer inclination towards sustainably produced and safe seafood. The implementation of Integrated RAS is being propelled by the growing customer demand for seafood that is both of superior quality and responsibly supplied. Customers are looking for seafood that has been produced ethically as they become more aware of how their dietary decisions affect the environment. In order to satisfy the expectations of a consumer base that is concerned about the environment, integrated RAS offers a regulated and ecologically pleasant setting for fish farming.

Efficiency in land usage is a key component driving the expansion of Integrated RAS. Large tracts of land may be needed for traditional aquaculture, which would damage habitat and cause deforestation. Because integrated RAS enables vertical farming and the use of smaller land footprints, it is a desirable solution for areas with a shortage of space. The sustainability and scalability of aquaculture operations are improved by this efficient use of land.

Technological developments in RAS operation and design support market expansion. The effectiveness and productivity of Integrated RAS are improved by advancements in automation, data analytics, and monitoring system technologies. These developments create a positive feedback loop for more research and development in the Integrated RAS Market by luring investors and aquaculture operators eager to implement cutting-edge technology.

Integrated Recirculating Aquaculture System (RAS) Market Share

North America's market for integrated recirculating aquaculture systems (RAS) is expanding significantly due to the region's emphasis on ethical and sustainable aquaculture methods. As consumers' demands for premium seafood that is obtained locally and their knowledge of environmental issues have grown, Integrated RAS has become more and more well-liked. As a result of strong environmental laws and government backing for sustainable aquaculture, North America is becoming a major hub for the implementation of Integrated RAS technology.

By Type
• Closed Type
• Semi-Closed Type

By Application
• Indoor System
• Outdoor System

Key Players
Skretting, Xylem, RADAQUA, PR Aqua, AquaMaof, Billund Aquaculture, AKVA Group, Hesy Aquaculture, Aquacare Environment, Qingdao Haixing, Clewer Aquaculture, Sterner, Veolia, MAT-KULING, Fox Aquaculture, Pentair, Innovasea, Nocera, BioFishency, SENECT, Alpha Aqua

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