Global Fish Pump Market Size, Trends, By Mode of Operation (Automated, Manual), By Pump Size (2”-4’’ pumps, 5”-8” pumps, 9”-14” pumps), By Application (Fishing, Aquaculture), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Fish Pump Market
The Global Fish Pump Market was valued at US$ 128.55 Mn in 2022, estimated to reach US$ 219.22 Mn by 2030, with a CAGR of 6.75% from 2023-2030.
A fish pump is a mechanical device used to move fish from one location to another in an aquatic environment. It is commonly used in fish farms, fish processing plants, and hatcheries. Fish pumps are designed to reduce the stress on fish during transfer, which can improve their survival rates.
Market Drivers
The global fish pump market is being driven by the rising demand for efficient and sustainable fishing methods. The rising focus on sustainable fishing practices and increasing awareness about the benefits of using fish pumps are expected to drive market growth in the coming years. Fish pumps are widely used in commercial fishing vessels as they help in reducing the time required to unload the catch and also prevent damage to the fish during the unloading process.
The increasing demand for fish and seafood due to the growing population, coupled with the depletion of natural fish stocks, has led to the growth of aquaculture. This has further led to an increase in demand for fish pumps as they are essential in the transportation of fish in aquaculture systems. Additionally, advancements in technology have led to the development of fish pumps that are more efficient, accurate, and require less energy, which has further boosted the demand for fish pumps in the market.
Market Restraints
The growth in the global fish pump market may be hampered by the high cost of fish pumps, as well as, the maintenance and repair costs associated with fish pumps. This limits the adoption of fish pumps, especially in developing countries where the majority of fishers are small-scale and rely on low-cost fishing methods. Regular maintenance and repair of fish pumps are essential to ensure their optimal functioning, and these costs can add up over time, especially for small-scale fishers.
Market Segmentation
The scope of the global fish pump market covers segmentation based on mode of operation, pump size, application, and region.
Based on the mode of operation, the market is segmented into automated and manual. Based on the pump size, the market is divided into 2”-4’’ pumps, 5”- 8” pumps, and 9”-14” pumps.
Further, the market is divided into applications, such as fishing and aquaculture.
Regional Analysis
The global fish pump market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The market is presently dominated by the North American region. However, regions with growing aquaculture industries, such as Asia Pacific, especially Southeast Asia, and the Latin American region, may also witness fast growth in the fish pump market. The growth in these regions can be attributed to the increasing demand for seafood and the growing need for efficient and sustainable methods of fish handling and processing.
Additionally, technological advancements in the fish pump industry and the increasing trend towards automation and mechanization in the fishing industry may also contribute to the growth of the fish pump market globally.
Key Players
Pentair plc, MMC First Process, Merck & Co Inc, Faivre, Acuinuga, PG Flow Solution, Inventive Marine Products Limited, Marel, Maskon, Desmi, Smir, Sterner, etc.
Market Taxonomy
By Mode of Operation
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