Aquaponics Market 1

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Aquaponics Market is expected to register a CAGR of 13.4% from2019 to 2024Market ScenarioThe Global Aquaponics Market is expected to register a CAGR of 13.4% from2019 to 2024 and reach USD 1.34 billion by the end of 2024. Aquaponics isincorporation of raising fish and cultivating plants together in a controlled system. Ifwaste by-products of fishes get mixed in water, they can be harmful to fishes. Onthe other hand, these waste by-products of fishes are used as nutrients for plants,when converted into nitrate by nitrifying bacteria. Aquaponics exploits the abovephenomena and uses waste by-products of fishes as nutrients to plants. At the sametime, the water containing waste of fishes gets filtered as plants absorbs the nitrates.This water is than again recirculated into the system. Increased income due to dualraising activity, low water usage, and reduced technical complexity are the majorfactors driving the growth of global market. Moreover, increasing demand for organicfood, is anticipated to fuel the growth of global market.SegmentationThe Global Aquaponics Industry has been segmented based on produce,components, equipment, application, and region.The global market has been classified, based on produce, as fish, fruits & vegetables,and others.The global market has been bifurcated, based on components, into rearing tank,settling basins, bio-filters, sump tanks, and others.Based on equipment, the global market has been divided into pumps and valves,grow lights, water heaters, water quality testing, fish purge systems, aerationsystems, and others.Based on application, the global aquaponics industry has been categorized ascommercial, home food products, and others.The global market has been analyzed for four key regions—North America, Europe,Asia-Pacific, and the rest of the world.The North American aquaponics market has further been segmented into the US,Canada, and Mexico.The European aquaponics market has been classified as the UK, Germany, France,Italy, Spain, and the rest of Europe.P a g e | 2sales@marketresearchfuture.comCopyright © 2017 Market Research Future.
Aquaponics Market is expected to register a CAGR of 13.4% from2019 to 2024The aquaponics market in Asia-Pacific has been divided into China, India, Japan,Australia and New Zealand, and the rest of Asia-Pacific.The aquaponics industry, in the rest of the world, has been segmented into SouthAmerica, the Middle East, and Africa.Key PlayersBackyard Aquaponics Pty Ltd (Australia), Colorado Aquaponics (US),Greenlife Aquaponics (US), Urban Farms AG (Switzerland), Nelson & PadeInc. (US), Ichthys Aquaponics (South Africa), Aponic Ltd (UK), Red EwaldInc. (US), ECF Farmsystems GmbH (Germany), My Aquaponics (SouthAfrica), Hapa Farms (US), Lucky Clays Fresh (US), NutraPonics CanadaCorporation (Canada), Pentair Aquatic Eco-Systems Inc. (US), and JapanAquaponics (Japan), are some of the key players in the global aquaponics market.For More Information @https://www.marketresearchfuture.com/reports/aquaponics-market-2257Regional AnalysisThe market in North America is expected to dominate the global aquaponics marketduring the forecast period due to the increasing demand of organic food andadaptation of modern techniques in farming.Moreover, the continuous technological innovations to increase efficiency ofaquaponics is anticipated to fuel the growth of aquaponics market. Asia-Pacific isprojected to grow at highest CAGR due to the increase in population leading toincreased food demand. Additionally, the farmers in developing countries like Indiaand China are now moving towards aquaponics due to increased income with dualraising activity and easy technical operations.The market in the rest of the world is expected to gain a significant share as theSouth American countries are now adapting aquaponics due to lower operating costand increase in demand of organic food.P a g e | 3sales@marketresearchfuture.comCopyright © 2017 Market Research Future.
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