DUBAI, United Arab Emirates, Aug. 22, 2022 (GLOBE NEWSWIRE) — According to a recent research report by Future Market Insights (IMF), the global aquarium pumps and filters market size is poised to reach a valuation of $821 min in 2022. Sales of aquarium pumps and filters are expected to increase to 6.5% CAGR from 2022 to 2032. The market is expected to be valued at $1,546 min by 2032.
The global aquarium pumps and filters market is expected to grow at a significant rate during the forecast period. The upward trend in the adoption of fish and the increasing number of people choosing fish farming as a hobby in recent years are expected to support growth. In addition to this, the trend towards the humanization of pets will create new growth opportunities for the key players in the market.
Constant innovation and substantial investment in researching technological breakthroughs will also drive the growth of the market. Various well-known manufacturers of fish care products are striving to expand their presence in low- and middle-income countries to generate more sales.
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Key Takeaways: Aquarium Pumps & Filters Market
- China is expected to capture the lion’s share of the aquarium pumps and filters market by 2032 with growing demand for commercial fish farming activities.
- The US aquarium pumps and filters market is estimated to generate a considerable share in 2032 owing to the rise in fish farming practices.
- France is expected to dominate the European aquarium pumps and filters market and grow at a CAGR of 5.5% in the forecast period (2022-2032).
- Based on product type, the internal filters sub-segment is expected to dominate the global aquarium pumps and filters market by the end of 2032.
- By material type, the plastic segment will continue to lead the global aquarium pumps and filters market by 2032.
“The growing demand for ornamental fish among the millennial population around the world is likely to drive demand for advanced aquarium equipment, including pumps and filters,” said one IMF analyst.
Competitive Landscape: Aquarium Pumps and Filters Market
Leading companies in the global aquarium pumps and filters market are focused on developing efficient products that would offer a variety of features to the customers. They also provide customized solutions as per the requirements of their clients. Some of the other key players are investing huge sums in research and development activities to improve their existing product offerings.
The major players in the global aquarium pumps and filters market are Ista Professional Aquarium System, EHEIM GmbH & Co. KG., Spectrum Brands, Inc., Rolf C. Hagen Inc., Aqua Design Amano Co., Ltd., Eco More Ltd. , Shenzhen Xing Risheng Industrial Co., Ltd., BOYU AQUASSTAR, HYDOR, API – Mars Inc., Central Garden and Pet Co., Arcadia Aquatic, JUWEL Aquarium AG & Co. KG., AZOO BIO CORPORATION, Aq Ventura Pvt. Ltd., and Interpet Co. Ltd., among others
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Aquarium Pumps and Filters Market Outlook by Category
By product type:
- Submersible air pumps
- Air Pumps Online
- Power filters
- Internal filters
By type of material:
By sales channel:
- direct sales
- Specialty stores
- Online stores
- Other sales channels
Obtain more valuable insights into the Aquarium Pumps and Filters Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global Aquarium Pumps and Filters market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032.
The study discloses compelling insights into the Aquarium Pumps and Filters market based on product type (Pumps [submersible air pumps, inline air pumps] and filters [power filters, internal filters]), application (domestic and commercial), type of material (plastic, metal alloys and others), sales channel (wholesalers/retailers, hypermarket/supermarket, direct sales, specialty stores, online stores, other sales channels) and region .
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market context
3.1. Market dynamics
3.2. Scenario forecast
3.2.1. Demand in the optimistic scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in the conservative scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s analysis
3.6. Regulatory landscape
3.6.1. By key regions
3.6.2. By key countries
4. Global Aquarium Pumps and Filters Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size (Mn USD) and Volume (Mn Units) Value Analysis, 2017-2021
4.2. Current and Future Value Projections of Market Size (Million USD) and Volume (Million Units), 2022-2032
4.2.1. Analysis of annual growth trends
4.2.2. Analysis of opportunities in absolute dollars
To continue the table of contents…
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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