Global Aquarium Protein Skimmers Market - Industry Analysis 2015 - 2019 and Opportunity Assessment; 2020 – 2030
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.
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.
Impact of COVID-19 on Global Aquarium Protein Skimmers Market
Installation of new aquariums has significantly decreased during the COVID-19 pandemic. People are curbing their expenses by not buying non-essential goods. This has gradually decreased the demand for protein skimmers from various end users.
This has forced manufacturers to curtail production of new devices. Additionally, companies are liquidating piled-up inventory to sustain revenue inflows.On the other hand, demand for protein skimmers in already installed aquariums is fulfilled by online sales channels.
Easy payments methods, hassle free returns and maintenance service provided by online sellers is promoting the market growth amid the COVID-19 pandemic. Thus, a V-shaped growth curve is anticipated during the forecast period.
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
- Bubble Magnus
- Reef Octopus
- Macro Aqua
- 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.
- The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
- The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
- The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Aquarium Protein Skimmers Market – Segmentation
The global aquarium protein skimmer market on the basis of the following,
- Air Driven Counter Current Skimmers
- Venturi Skimmers
- Downdraft Skimmers
- Aspirating Impeller Skimmer
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