According to a new report, published by KBV research, The Global Aquaponics Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 13.7% CAGR during the forecast period.
The Building Based Indoor Farms segment is showcasing a CAGR of 14.3% during (2023 - 2030). Building-based indoor farms have been built with increasing frequency to grow crops year-round and in settings that are unfavourable for plant development, such as desert regions. Urban residences, containers, and warehouses all have aquaponics systems installed. Systems for aquaponic growing can also be set up outside. However, indoor facilities are preferable over outdoor ones because they allow for environmental control, which prevents crop damage.
The Pumps & Valves segment acquired maximum revenue share in the Global Aquaponics Market by Equipment in 2022 thereby, achieving a market value of $695.7 million by 2030. In aquaponics systems, pumps assist in water transportation. Additionally, it guarantees the system's oxygenation and nutrient supply. Submersible pumps & inline pumps are also employed in the system. The system also includes valves to manage and regulate the water flow in addition to the pumps.
The Bio-Filters segment has shown the growth rate of 14.6% during (2023 - 2030). Ammonia is transformed into plant nutrients by biofilters in aquaponic systems. It is produced by putting bio medium into a container to increase the surface area for nitrifying bacteria. Different bio-filters, such as static filters, moving bed filters, and drop filters, are employed. Aquaponic systems do not require bio-filters, but they are installed frequently since they increase system effectiveness.
The Fish segment is generating highest revenue share in the Global Aquaponics Market by Produce in 2022, thereby, achieving a market value of $1.3 billion by 2030. Due to its high adaptability, tilapia is one of the fish breeds used in aquaponic systems most frequently. The size of the rearing tank is dependent on the type of fish because certain fish need more room to develop and thrive. For instance, because catfish may reach up to 45 to 50 pounds, their needs exceed the raising tank's 250-gallon capacity.
The Research & Education segment is poised to grow at a CAGR of 14.1% during (2023 - 2030). Institutions engaged in agricultural, horticultural, and plant biology research and education can benefit greatly from aquaponics. In order to conduct tests where the growing environment, including humidity, temperature, light, and nutrient levels, research facilities need aquaponics systems. Using internal systems, researchers can control these variables and test their assumptions about how various environmental elements affect plant growth, production, and quality.
The Media Filled Grow Beds segment is leading the Global Aquaponics Market by Growing Mechanism in 2022 thereby, achieving a market value of $873.6 million by 2030. This is because the media filled grow beds are an inexpensive and simple aquaponics system. The media beds sustain various fruit and vegetable plants with substantial root systems. Media filled grow beds serve as biofilters for the system. Also, they can accommodate greater fish stocking densities than NFT systems, thus such factors are aiding the segment's expansion.
The North America market dominated the Global Aquaponics Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $801.6 million by 2030. The Europe market is experiencing a CAGR of 13.2% during (2023 - 2030). Additionally, The Asia Pacific market would register a CAGR of 14.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/aquaponics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nelson and Pade, Inc., The Aquaponic Source, Inc., Practical Aquaponics (Pty)Ltd., Green Life Aquaponics, Backyard Aquaponics Pty Ltd, Aquaponic Lynx LLC, Portable Farms Aquaponics Systems, Stuppy Greenhouse, Inc., Aquaponik manufactory GmbH and Aponic Ltd.
By Facility Type
By Equipment
By Component
By Produce
By Application
By Growing Mechanism
By Geography
Companies Profiled
Unique Offerings 
