DUBAI, United Arab Emirates, Aug. 22, 2022 (GLOBE NEWSWIRE) — According to a recent research report by Future Market Insights (FMI), the global aquarium pumps and filters market is set to reach size, price 821 USD Mn in 2022. Sales of aquarium pumps and filters are predicted to increase 6.5% CAGR from 2022 to 2032. A market appraisal is pending 1546 USD Mn By 2032.
The global aquarium pumps and filters market is expected to grow significantly during the forecast period. In recent years, the trend of fish adoption and increasing number of people taking up fish keeping as a hobby is expected to help the growth. In addition, the trend of humanizing pets will create new growth opportunities for key market players.
Constant innovation and significant investment in finding technological breakthroughs will also drive growth in the market. Various well-known fish product manufacturers are trying to expand their presence in low- and middle-income countries to generate more sales.
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Key Takeaways: Aquarium pumps and filters market
- China is poised to account for the lion’s share of the aquarium pumps and filters market by 2032 with increasing demand for commercial fish farming activities.
- The US aquarium pumps and filters market is estimated to hold a significant share in 2032 due to increasing fish keeping practices.
- France is expected to dominate the European aquarium pumps and filters market and exhibit growth at CAGR. 5.5% during 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 dominate the global aquarium pumps and filters market through 2032.
“Increasing demand for ornamental fish among the global millennial population could drive demand for advanced fish tank equipment, including pumps and filters” says a FMI analyst.
Competitive landscape: Aquarium pumps and filters market
Leading firms in the global aquarium pumps and filters market focus on developing efficient products that will offer various features to customers. They also provide customized solutions as per the requirements of their clients. Some of the other major players are investing heavily in research and development activities to improve their existing product offerings.
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 Plus 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
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An overview of the aquarium pumps and filters market by category
By product type:
- Submersible Air Pumps
- Internal air pumps
- Power Filters
- Internal Filters
By type of material:
Through the sales channel:
- Direct Selling
- Specialty Stores
- Online Stores
- Other Sales Channel
Get more valuable information about the aquarium pumps and filters market
In its new offering, Future Market Insights presents an unbiased analysis of the global aquarium pumps and filters market, providing historical demand data (2017-2021) and forecast statistics for the period 2022 to 2032.
The study reveals 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), material type (plastic, metal alloys, etc.), sales channel (wholesalers/retailers, hypermarket/supermarket, direct sales, specialty stores, online stores, other sales channels) and region.
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Table of contents
1.1. Global Market Outlook
1.2. Demand side trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Information about the market
3.1. Market dynamics
3.2. Scenario Forecast
3.2.1. Demand in the Optimistic Scenario
3.2.2. Demand in Probability Scenario
3.2.3. Demand in a Conservative Scenario
3.3. Opportunity map analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s analysis
3.6. The Regulatory Landscape
3.6.1. By Main 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 Value (Mn USD) and Volume (Mn Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (Mn USD) and Volume (Mn Units) Forecasts, 2022-2032
4.2.1. YY Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
To continue TOC…
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Future Market Insights (an ESOMAR-certified market research organization and member of the Greater New York Chamber of Commerce) provides insight into the regulatory factors driving demand in the market. It reveals the opportunities that will drive market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.
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