Fish Pumps Market Forecasts to 2030 – Global Analysis By Size (2.5” Pumps, 4” Pumps, 6” Pumps and Other Sizes), Application (Aquaculture and Fishing), Mode of Operation (Manual and Automatic), and By Geography

Fish Pumps Market Forecasts to 2030 – Global Analysis By Size (2.5” Pumps, 4” Pumps, 6” Pumps and Other Sizes), Application (Aquaculture and Fishing), Mode of Operation (Manual and Automatic), and By Geography

According to Stratistics MRC, the Global Fish Pumps Market is accounted for $141.3 million in 2023 and is expected to reach $268.5 million by 2030 growing at a CAGR of 9.6% during the forecast period. A fish tank attachment called a fish water pump aerates and circulates water to make it healthier for marine life. All of the water in a tank must pass through the tank's filter because of the current that a water pump generates. This continuous flow distributes nutrients throughout the tank uniformly and produces high-quality water that shields fish from illness. Water pumps not only improve your health but also enhance the aesthetics of your tank. A water pump makes the plants in your tank dynamic by causing them to wave in response to the increased water flow.

According to International Trade Administration, US Department of Commerce, aquaculture is expected to grow exponentially due to the high demand for seafood and the annual decline in the amount of captured wild fish.

Market Dynamics

Driver

Growing aquaculture industry

The demand for fish is rising globally as the world's population rises. This tendency is anticipated to persist as the population, urbanisation, and incomes of the developing world increase. Additionally, customers are switching to fish owing to the drawbacks of eating fish, such as red meat's bad health effects and the unsustainable nature of meat and poultry. The FAO predicts that there would be a demand for fish and fish products throughout the Asia-Pacific area due to its importance to the local economies of the area; aquaculture is predicted to expand the fastest in the Asia-Pacific region.

Restraint

Effect of cavitation in commercial pumps

Cavitation is the term used to describe the creation of a vapour phase in a liquid under decreasing pressure and constant ambient temperature. These fish pumps sustain significant damage as a result of the imposition of these bubbles, flake, and tiny pieces of metal from impeller surfaces, which cause low-frequency vibration and noise. This creation and collapse are swift and forceful in the event of cavitation. Pumps' performance is affected, which lowers sales and raises replacement costs. Processing lines that are interrupted or carried out incorrectly run the risk of lowering suction or discharge pressure, which results in cavitation. Therefore, problems due to cavitation and dry-run might impede the market expansion for industrial pumps.

Opportunity

Growing demand for advanced machinery

In order to move fluid from one place to another, pumps and other components are essential. The global market for fish transfer pumps has seen an increasing expansion, mostly as a result of enhanced technology, the existence of important players, and the desire for process optimisation due to globalisation, customers are becoming more aware of numerous developments in automation. Companies that produce industrial pumps are spreading out around the world as a result of trade liberalisation. In order to uphold safety requirements, boost output, and satisfy shifting customer demand, the aquaculture business looks for cutting-edge equipment and delivery solutions. This will increase demand for industrial pumps as well since they gently move fish without coming into touch with people.

Threat

Rising consumer interest in vegan diets

More people are choosing options that are better for the environment as a result of growing knowledge of climate change and animal suffering. There is more demand for food made from plants as people become more aware of the health advantages of eating a vegetarian or vegan diet. In industrialised nations like North America and Europe, where people are consuming more vegetarian food in their regular meals, this awareness is particularly noticeable. Consumer preference for vegetarian and vegan cuisine has also been observed in other places, such as Asia Pacific, where it is anticipated that it would rise as a result of customer’s worries about their health and the environment.

Covid-19 Impact

The limits and the market for fish pumps have both been badly impacted by the stringent lockdown. The markets are beginning to indicate prospective development, and the economies of the various sectors are improving. The COVID-19 epidemic is changing the industry and giving players a huge potential to grow. Consumers are getting more knowledgeable about different automation developments as a result of globalisation.

The 2.5” Pumps segment is expected to be the largest during the forecast period

The 2.5” Pumps segment is estimated to have a lucrative growth, due to these pumps are used to move little fish bits. Hatcheries benefit greatly from using these little pumps. Hatcheries are where aquaculture products are grown and reared for at least some of their life cycles. The seed stock for commercial aquaculture grow-out farms, aquarium commerce, and fish stocking programmes is provided by aquaculture hatcheries. It serves as an essential source of nutrition for individuals in impoverished countries. The outcome has been an increase in fish productivity.

The aquaculture segment is expected to have the highest CAGR during the forecast period

The aquaculture segment is anticipated to witness the highest CAGR growth during the forecast period, due to the rise of the market may be attributed to the increasing demand for seafood on a global scale and increased awareness of the benefits of seafood eating. Technological advancements in aquaculture pumps are another aspect fueling this market's growth. This is due to the fact that they are easier to install and consume less energy than water pumps. Aquaculture pumps are equipped with Super Duplex Stainless Steel Impellers, which never corrode and have extraordinary hardness capable of handling any particles in the water which drives the growth of the market.

Region with largest share

North America is projected to hold the largest market share during the forecast period owing to its highly developed economy; North America has seen significant advancements and inventions in the fish pumps industry. The US, which continues to have a robust seafood market and a vibrant seafood trade, is the main nation fuelling the region's growth. Additionally, during the past ten years, the nation's intake of seafood has steadily expanded, making fish pumps more profitable. Fish pumps will be in more demand as a result of Canada's ability to provide nutritious, sustainable seafood through aquaculture.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to major nations like China, Japan, and the rest of Asia Pacific make up the Asia Pacific area. Fish pumps are becoming more popular as the global middle class grows in nations like China, India, and Indonesia. The aquaculture sector in China has experienced remarkable growth in recent years, making it the world's top producer. A growth in the nation's appetite for seafood and related goods, as well as a stronger focus on boosting aquaculture production, will all contribute to an increase in the demand for fish pumps over the research period.

Key players in the market

Some of the key players profiled in the Fish Pumps Market include Pg Flow Solutions, Pentair AES, MMC First Process, Maskon, Mjos Metallvarefabrikk As, Sterner, Smir, Acuinuga, Inventive Marine Products Limited, Innovasea, Cflow, Marel, Faivre, TH Company, Magic Vlly Heli-Arc and Cermaq

Key Developments

In November 2021, TH Company the Company opened its new office in Ecuador. This is the country's new hydraulic and pneumatic material logistics hub company. The new office enabled the company to provide technical assistance and better serve its customers.

In August 2021, Cermaq, a salmon producer, and Folla Alger, an aquaculture company, have agreed to collaborate on integrated salmon and kelp farming with leading Norwegian research environments.

Sizes Covered
• 2.5” Pumps
• 4” Pumps
• 6” Pumps
• 8” Pumps
• 10” Pumps
• 12” Pumps
• 14” Pumps

Applications Covered
• Aquaculture
• Fishing

Mode of Operations Covered
• Manual
• Automatic

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements