New York
City, 18 January 2019: The global Aquaponics Market is anticipated to reach $1,019 million by 2026 according to
a new research published by Polaris Market Research. In 2018, the Deep Water
Culture segment accounted for the highest Aquaponics market share in terms of
revenue. North America is expected to be the leading contributor to the global
Aquaponics market revenue in 2018.
The increase
in the population worldwide and growth in global food demand majorly drives the
aquaponics market growth. Aquaponics is increasingly being used to meet the
high-demand for food crops. The ability to produce high quality crops
throughout the year, lesser use of water for crop cultivation, and lower
dependency on weather conditions boost the aquaponics market growth. Growing
demand for organic and chemical free crops, and rising urban population
accelerate the growth of the aquaponics market. New emerging markets, and
reduced environmental pollution by aquaponics would provide growth
opportunities in the aquaponics market in the coming years.
 |
North
America generated the highest aquaponics market share in terms of revenue in
2018. The growing urbanization, and rising population has accelerated the
aquaponics market growth in the region. A significant rise in the demand for
organic and chemical free food products supports the growth of the aquaponics
market in the region. The technological advancements in farming methods, and
increasing awareness among consumers improves the aquaponics market growth
rate. Asia-Pacific is expected to grow at the highest rate during the forecast period.
This is owing to significant growth of population in the region. Lack of
fertile land, and strong technical expertise in agricultural practices in the
region promotes the adoption of aquaponics in the region. Technological
advancements and established R&D institutes in China and Japan further
supplements the aquaponics market growth.
Competitive Landscape and Key Vendors:
The
well-known companies profiled in the aquaponics market report include
Ultrasonics Canada Corporation, UrbanFarmers AG, Backyard Aquaponics Pty Ltd.,
ECF Farmsystems GmbH, My Aquaponics, Aqua Allotments, Nelson & Pade Inc.,
Colorado Aquaponic, Greenlife Aquaponics, Aquaponic Lynx LLC, and The Aquaponic
Source among others. These companies launch new products and collaborate with
other market leaders to innovate and launch new products to meet the increasing
needs and requirements of consumers.
Leading
players in the aquaponics market partner and collaborate with other players in
the market to enhance their offerings in the market and expand their customer
base. For instance, Aerofarms has partnered with Dell Technologies to expand
its technological requirements of machine learning and network systems. Fluence
Bioengineering, offers lighting solutions for Aquaponics to its consumers. The
company’s Fluence RAZR Series is developed for various Aquaponics applications
such as full-cycle cultivation of leafy greens, young plant propagation of
vegetable, ornamental and cannabis crops.
No comments:
Post a Comment