DUBAI, United Arab Emirates, Aug. 22, 2022 (GLOBE NEWSWIRE) -- As per a recent research report by Future Market Insights (FMI), the global aquarium pumps and filters market size is poised to reach a valuation of US$ 821 Mn in 2022. Sales of aquarium pumps and filters are projected to increase at 6.5% CAGR from 2022 to 2032. The market is anticipated to be valued at US$ 1,546 Mn by 2032.
The global aquarium pumps and filters market is expected to grow at a significant rate during the forecast period. Rising trend of fish adoption and increasing number of people choosing fish keeping as a hobby in recent years are anticipated to aid growth. In addition to that, the trend of humanization of pets will create new growth opportunities for key players in the market.
Constant innovation and substantial investments into finding technological breakthroughs will also drive growth in the market. Various renowned fish care product manufacturers are striving 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 set to generate the lion’s share in the aquarium pumps and filters market by 2032 with increasing demand for commercial fish farming activities.
- The U.S. aquarium pumps and filters market is estimated to generate considerable share in 2032 owing to surging fish keeping practices.
- France is expected to dominate the Europe aquarium pumps and filters market and exhibit growth at a CAGR of 5.5% in the forecast period (2022-2032).
- Based on product type, the internal filters sub-segment is anticipated to dominate the global aquarium pumps and filters market by the end of 2032.
- By material type, the plastic segment will continue to remain at the forefront in the global aquarium pumps and filters market by 2032.
“Increasing demand for ornamental fish among the millennial population worldwide is likely to boost the 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 are focusing on developing efficient products that would offer a variety of features to customers. They are also providing 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 upgrade their existing product offerings.
Key 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. among others
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Aquarium Pumps and Filters Market Outlook by Category
By Product Type:
- Pumps
- Submersible Air Pumps
- Inline Air Pumps
- Filters
- Power Filters
- Internal Filters
By Application:
- Household
- Commercial
By Material Type:
- Plastic
- Metal Alloys
- Other
By Sales Channel:
- Wholesalers/Retailers
- Hypermarket/Supermarket
- Direct Sales
- Specialty Stores
- Online Stores
- Others Sales Channel
Get More Valuable Insights on Aquarium Pumps and Filters Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global aquarium pumps and filters market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032.
The study divulges compelling insights on the aquarium pumps and filters market based on product type (pumps [submersible air pumps, inline air pumps] and filters [power filters, internal filters]), application (household and commercial), material type (plastic, metal alloys, and other), sales channel (wholesalers/retailers, hypermarket/supermarket, direct sales, specialty stores, online stores, others sales channel), and region.
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Table of Content
1. Executive Summary
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. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in 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 Value (US$ Mn) & Volume (Mn Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Mn Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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