Aquarium System Market Scope
An aquarium is a vivarium that has at least one transparent side in which aquatic plants or animals are kept and displayed. It is generally constructed from glass or high-strength acrylic. The main equipment used in aquarium systems is filtration equipment, temperature equipment, an artificial lighting system, an air diffuser and pump, and a heater or chiller. It can be of any size from small households to large public aquaria. Increasing demand from hobbyists for home coupled with rising disposable income are the key driving factors for the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ND Aquatics Ltd. (United Kingdom), Spectrum Brands Hodings (Tetra) (United States), Aquarium Technology Ltd. (United Kingdom), Evolution Aqua Ltd. (United Kingdom), Waterbox Aquariums (United Kingdom), Red Sea (United Kingdom), Fit Filtration (United Kingdom), Rolf C. Hagen, Inc. (United States), Blue Ribbon Pet Products Inc. (United States) and Zoo Med Laboratories, Inc. (United States) |
CAGR | % |
Aquarium System is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Aquarium System market throughout the predicted period.
ND Aquatics Ltd. (United Kingdom), Spectrum Brands Hodings (Tetra) (United States), Aquarium Technology Ltd. (United Kingdom), Evolution Aqua Ltd. (United Kingdom), Waterbox Aquariums (United Kingdom), Red Sea (United Kingdom), Fit Filtration (United Kingdom), Rolf C. Hagen, Inc. (United States), Blue Ribbon Pet Products Inc. (United States) and Zoo Med Laboratories, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are LiveAquaria (United States), Aquarium Systems (France), EHEIM GmbH & Co. KG. (Germany), JUWEL Aquarium AG & Co. KG. (Germany), Mars or Affiliates (API) (United States), Aqua Design Amano (Japan) and Boyu (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aquarium System market by Type , by Application (Household & Office, Commercial and Zoo & Oceanarium) and Region with country level break-up.
On the basis of geography, the market of Aquarium System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In 2020, Spectrum Brands Pet, LLC, and an indirect subsidiary of Spectrum Brands Holdings, Inc. has announced the acquisition of substantially all of the assets of Omega Sea LLC to add to its Global Pet Care portfolio of aquatics brands.
In 2021, Hagen launches the new Fluval Reef Aquarium Sets. Three models will be available, a 40cm, 60cm, and 90cm, ranging in volume from 53 to 135 liters. The Fluval Reef Aquarium Sets are filled with everything to create a healthy, clean home for fish. and In 2019, Evolution Aqua has launched new aquarium UV sterilizers. It is available in two sizes, 15 Watt and 25 Watt, perfect for lowering disease pathogens and clearing green water in aquariums.
Influencing Trend:
Growing Popularity of Very Small Aquariums or Mini Aquariums or Nano Aquariums and Combined Biological and Mechanical Aquarium Filtration Systems
Market Growth Drivers:
Increasing Penetration of E-Commerce and Online Sales Owing To Reduced Distribution Costs and Growing Public Interest Coupled with Rising in Disposable Income
Challenges:
Short Lifecycle of Electronic Equipment’s
Restraints:
Fluctuation in Raw Material Cost
Opportunities:
Product Innovation Such As Underwater Lighting Using LED Bulbs and NUVO Aquarium Accessories and Increasing Demand from Commercial Sector Such As HoReCa and Commercial Space
Key Target Audience
Aquarium System Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Hospitality and Commercial Industry, End-Use Industry and Others