North America Aquaculture Equipment Market Will Grow at a CAGR of 3.7%, Top Players, Industry Trends, Opportunity Analysis, Market Competition

Data Bridge Market Research analyzes that the North America Aquaculture Equipment market is expected to reach the value of USD 420,676.29 thousand by 2029, at a CAGR of 3.7% during the forecast period. Water purification equipment accounts for the largest type segment in the North America aquaculture equipment market. The North America aquaculture equipment market report also covers pricing analysis, patent analysis, and technological advancements in depth.   

Market Definition

Aquaculture is the farming of aquatic plants, aquatic animals, and other aquatic organisms. It is the breeding, rearing, and harvesting of organisms in water environments. Therefore, aquaculture equipment refers to the equipment that is used in the process of aquaculture farming. Over the year, the aquaculture industry has gained significant momentum in its growth rate and has shown great potential for growth. As a result, more and more players are entering this field.

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Recent Developments

·         In August 2022, SKAGINN 3X signed a contract with BlueWild, Norway, to supply a full fish processing factory onboard the company's innovative new trawler. The trawler is designed to deliver sustainability, quality, and efficiency on all levels. This is a milestone agreement for the organization.

·         In April 2022, Cflow AS participated in the Nor-Shipping from the 4th to the 7th of April. Nor-Shipping is at the center of the oceans. This is where the maritime and ocean industries meet every two years – a natural hub for key decision-makers from across the world to connect, collaborate and do deals to unlock new business opportunities.

·         In February 2022, AquaMaof Aquaculture Technologies Ltd., a North America pioneer in RAS technology for land-based aquaculture, signed its first contract in Chile with Atacama Yellowtail SpA (AYT) for the cultivation and production of 900 tons of Yellowtail Kingfish (Seriola lalandi) in the Coquimbo Region. This will help the company get more investment and increase its economic activities worldwide.

North America Aquaculture Equipment Market Scope

The North America aquaculture equipment market is segmented based on type, application, end use, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

·         Water Purification Equipment

·         Aeration Devices

·         Water Circulation and Aeration Equipment

·         Automatic Fish Feeder

·         Fishing Equipment

·         Containment Equipment

·         Seine Reels

·         Maintenance and Repair Equipment

·         Water Temperature Control Device

·         Water Quality Testing Instrument

·         Clear Pond Equipment

·         Others

Based on type, the North America aquaculture equipment market is segmented into water purification equipment, aeration devices, water circulation and aeration equipment, automatic fish feeder, fishing equipment, containment equipment, seine reels, maintenance and repair equipment, water temperature control device, water quality testing instrument, clear pond equipment, and others.

Application

·         Outdoor Aquaculture

·         Indoor Aquaculture

Based on application, the North America aquaculture equipment market is segmented into outdoor aquaculture and indoor aquaculture.

End Use

·         Aquatic Animals

·         Aquatic Plants

Based on end use, the North America aquaculture equipment market is segmented into aquatic animals and aquatic plants.

Distribution Channel

·         Direct

·         Indirect

Based on distribution channel, the North America aquaculture equipment market is segmented into direct and indirect.

Competitive Landscape and North America Aquaculture Equipment Market Share Analysis

The North America aquaculture equipment market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, and application dominance. The above data points are only related to the companies focus on the North America aquaculture equipment market.

Some of the major players operating in the North America aquaculture equipment market are Aquaculture Systems Technologies, LLC, SKAGINN 3X, Norfab Equipment Ltd., Sino-Aqua Corporation, BAADER, FAIVRE Ets, Cflow, FREA SOLUTIONS, and Aquamof Aquaculture Technologies Ltd. among others.

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North America Aquaculture Equipment Market Regional Analysis/Insights

The North America aquaculture equipment market is analyzed, and market size insights and trends are provided by country, type, application, end use, and distribution channel, as referenced above.

The North America aquaculture equipment market covers countries such as U.S., Canada, and Mexico.

The U.S. is expected to dominate the North America aquaculture equipment market because of increasing aquaculture production in the country. The U.S. has been the driving force behind the rapid adoption of aquaculture equipment in the North American region. Canada and Mexico are two more countries where the demand is increasing due to the growing popularity of aquaculture among consumers.

The country section of the North America aquaculture equipment market report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the significant pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.

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