The global aquarium protein skimmersmarket is expected to register a CAGR of 5.1% by garnering a market value of US$ 7 Billion. The growth of the market can be attributed to:
The growing interest in keeping aquariums as a hobby is driving demand for protein skimmers.
The development of new and more advanced protein skimmers is increasing their popularity among aquarium enthusiasts.
There is a growing awareness about the importance of maintaining water quality in aquariums, which is driving demand for protein skimmers.
The rise in disposable income in developing countries is leading to increased spending on aquariums and related equipment, including protein skimmers. The increasing popularity of pet fish is also driving the growth of the aquarium protein skimmers market. Increase in commercial Aquariums like marine parks, zoos, and other public places also drives the market growth.
Protein skimmers help remove dissolved organic compounds and other pollutants from the water, resulting in better water quality for fish and other aquatic life. Protein skimmers can help reduce the need for frequent water changes and other maintenance tasks. Protein skimmers can help increase the oxygen levels in the water, which is beneficial for fish and other aquatic life.
By improving water quality, protein skimmers can help promote better fish health and reduce the risk of disease. Protein skimmers can help improve the overall appearance of an aquarium by removing unsightly foam and other debris from the water. Protein skimmers can help reduce the build-up of harmful compounds such as nitrates and phosphates which can lead to poor water quality and the growth of harmful algae. Protein skimmers are relatively low-cost devices that can provide significant benefits in terms of water quality and maintenance.
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New and Advanced Aquarium Protein Skimmers Propelling Market Growth in North America
The increasing popularity of pet fish in the USA is also expected to drive the growth of the aquarium protein skimmers market. Development of new protein skimmer designs and materials that are energy efficient and eco-friendly.
The development of new and more advanced protein skimmers is expected to continue to increase their popularity among aquarium enthusiasts. The rise in disposable income in developing countries such as USA and Canada is expected to lead to increased spending on aquariums and related equipment, including protein skimmers.
Future of Aquarium Protein Skimmers Market
People across the globe are showing interest in harbouring pets at homes. Additionally, the aesthetic appeal added by fish tanks along with increasing interest in buying designer fish tanks is contributing to the aquarium protein skimmers market. Advancements in technology have led to the development of protein skimmers that are more efficient at removing dissolved organic compounds and other pollutants from the water.
New protein skimmer designs have made them smaller and more compact, allowing them to be used in smaller aquariums and sump systems. Smart control features such as timers and automatic settings, which allow users to easily control and monitor the operation of the skimmer. All these factors are bolstering the market for aquarium protein skimmers market.
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Global Aquarium Protein Skimmers Market - Industry Analysis
The aquarium protein skimmers market is gaining traction since the past few years, due to the need for maintaining water quality and health of fish in aquariums.
Protein skimmers help reduce nitrate levels and organic wastes, neutralizing water pH levels by reducing nitrogen levels. Therefore, the market is poised to surge impressively from 2020-2030.
Global Aquarium Protein Skimmers Market - Growth Drivers
High adoption of decorative corals in aquariums has catapulted demand for protein skimmers, as they help remove biological toxins produced by the former.
Protein skimmers eradicate the formulation of algae and improve the marine environment by facilitating proper gas exchange and increasing oxygen levels.
This increases the lifespan of fishes within the aquarium.Growing aquaculture has increased application of protein skimmers in live seafood tanks and public aquariums in the world.
Technologically advanced protein skimmers devices are surpassing traditional sand and salt filters. Ozone injected in fish tank water catalyzes the process of organic waste breakdown, enhancing water quality and promoting healthy living of aquatic species.
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Global Aquarium Protein Skimmers Market - Growth Restraints
Protein skimmers are complex machines, requiring high installation costs. Furthermore, these devices also remove many nutrients essential for the development of the aquatic ecosystem. They also remove planktons, the primary source of food for small fishes.
Moreover, availability of low cost substitutes such as water conditioners and biological additives restrict users from buying expensive protein skimmers.
Global Aquarium Protein Skimmers Market - Regional Analysis
North America captured the majority share of the global aquarium protein skimmers market. High ownership of pet fish, presence of the maximum number of aquatic museums and introduction of technologically developed products are pivotal in bolstering the North American growth prospects across the upcoming decade’s forecast period.
Asia Pacific (APAC) is the second most lucrative region, with China accounting for the maximum growth. Approximately 85% of the world is dependent on China for electronic raw materials required for manufacturing aquarium protein skimmers.
Moreover, government initiatives towards tourism and infrastructural development has propelled demand for aquariums, bolstering the usage of aquarium protein skimmers.
Global Aquarium Protein Skimmers Market - Competitive Landscape
The global aquarium protein skimmer market is consolidated with limited number of market players. These include,
Coral Vue
AquaMaxx
Bubble Magnus
Reef Octopus
Coralife
Simplicity
Happybuy
Macro Aqua
IceCap
Comline DOC.
These players focus upon expansion through acquisitions and product launches to remain competitive in the market space.For Instance, In 2019, Coral Vue, has acquired distribution channel of Maxpect aquarium products in Canada.
Likewise, AquaMaxx, has launched NemoLight, which uses blue LED diodes that deliver optimum amount of light to the corals. It has also launched AquaMaxx HOB-XC skimmer, with various speed and quality improvements.
Global Aquarium Protein Skimmers Market - Segmentation
The global aquarium protein skimmer market on the basis of the following,
