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ELECTRONICS & SMART DEVICES

Electrofishing Equipment Market Segmentation By Product Type (Backpack, Floats, Shore-Based, Boat Mounted, Barge Mounted), By Input Power Source (Battery, Generator, Grid Connectivity), By Output Power Range (1700W - 8500W, 10,000W – 30,000W and >39,600W), By End-User (Fishery, Research) – Global Demand Analysis And Opportunity Outlook 2027

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Extensive insights into the Growth of Electrofishing Equipment Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Introduction to Electrofishing

The term electrofishing is defined as a technique for fishing, used by fisherman and researchers. The process includes an electrofishing equipment, which produces direct flow of electric current between a submerged cathode and anode. This leads to stunning of the fish, causing uncontrolled muscular convulsion, known as galvanotaxis, and affects the movement of the fish, inducing it to move towards the anode. The fisherman or researcher in study then uses a dip net to catch the stunned fish from this anodized area. The process of electrofishing is also widely used for ecological studies so as to help researchers understand fish population, determine species abundance, density, and its composition. The caught fish takes around two minutes to return to its natural state post being stunned during the overall process.

Market Size and Forecast

Aquaculture and capture-method are the two processes used by a fisherman to catch a fish. Although aquaculture method is dominant pertaining to safe fishing practices, the electrofishing equipment market is observing vibrant growth on account of growing demand for advance and modern capture-method fishing techniques. Furthermore, the process of electrofishing is a preferable method amongst ecologists pertaining to the benefits it carries, for no physical injury being faced by the species. These are some of the notable factors that are expected to drive the growth of the electrofishing equipment market.

The market is anticipated to record robust CAGR throughout the forecast period, i.e. 2019-2027. The electrofishing equipment market is segmented by end-user into fishery and research, out of which, fishery segment is anticipated to have largest market share on the back of growing production and consumption of fish products around the globe. According to the Food and Agriculture Organization of the United Nations, food supply for fish and fish products around the globe increased from 27 million tonnes in the year 1961 to 132 million tonnes in the year 2013. DOWNLOAD SAMPLE REPORT HERE

Food Supply quantity

Growth Drivers

Rising Need For Study Of Fish Ecology

The International Union for Conservation of Nature Freshwater Fish Specialist Group estimated that there are total number of 32,500 species of fishes around the globe, of which, more than 15,000 species belong to fresh water.

Electrofishing Equipment Market Share Graph

Research and development is a never ending process, there forth leading researchers around the globe to put in their continuous efforts for inventions. With such a huge number of known and unknown species available around us, there is a rising need amongst ecologists to search for new species or understand characteristics and habitat patterns of a particular genus or family. Electrofishing, thereby is anticipated as a preferred method of fishing amongst the ecologists so as to maintain time efficiency in their research processes.

Rising Need For Modern Fishing Techniques

Rising fatalities is one of the prime concerns in the fishery industry. According to the Food and Agriculture Organization of the United Nations (FAO), fatality statistics in the fishing industry is much higher as compared to that of other occupations. In Australia, between the year 1982 and 1984, the fatality rate for fisherman was 143 per one lakh person-years as compared to 8.1 per one lakh person-years, which is eighteen times higher than the national average. While in Denmark, the rate was twenty five to thirty times higher than the rate for those employed on land, in between 1989 and 1996.

As per the statistics, there is a rising demand for electrofishing equipment pertaining to growing fatality numbers. The fishing communities can thereby reduce such fatal accidents and optimize time, money and resources by using modern fishing techniques, such as the electrofishing equipment. This also helps them capture fishes in large quantity, in a smaller time frame. Furthermore, there has been a paradigm shift in fisheries policy and research in developing nations, pertaining to the concern for fish stocks and the marine environment. These diversified focus also includes wider issues relating to poverty reduction and livelihoods of artisanal fishing communities. Technologies such as electrofishing equipment contributes in reducing those issues on a wider approach for these communities. All of these factors are thereby anticipated to support the growth of the electrofishing equipment market throughout the forecast period.

Restraints

Low Awareness And Usage Knowledge Amongst Customers

There is a widely held view that low literacy rates, and widespread educational disadvantage in artisanal fishing communities are a barrier to many aspects of development. This can also be attributed to the fact that technological advances limit their reach to these communities. Furthermore, there is lack of proper guidance on usage knowledge for such technological advances by experts to these communities, owing to low awareness amongst the fisherman. All of these factors are anticipated to act as a barrier to the growth of the electrofishing equipment market during the forecast period.

Food Supply Fish and Fish Products Graph

Market Segmentation

Our in-depth analysis of the electrofishing equipment market includes the following segments:

By Product Type

  • Backpack
  • Floats
  • Shore-Based
  • Boat Mounted
  • Barge Mounted

By Input Power Source

  • Battery
    • Removable
    • Non-removable
  • Generator
    • Portable
    • On-board
  • Grid Connectivity

By Output Power Range

  • 1,700W – 8,500W
  • 10,000W – 30,000W
  • >39,600W

By End-User

  • Fishery
  • Research

By Region

On the basis of regional analysis, the electrofishing equipment market is segmented into major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia Pacific is expected to have largest market share on the back of growing statistics for supply of fish and fish products around the globe.

According to the statistics provided by the Food and Agriculture Organization of the United Nations (FAO), Asia Pacific has been observed as the largest supplier of fish and fish products, with a total production of around 91 million tonnes in the year 2013.

Further, Europe is expected to gain market share on the back of growing funding support from the government, such as the European Maritime and Fisheries Fund (EMFF). As per the European Union Budget 2021-2027, the commission is proposing around 7.24 billion for the next tenure of the EMFF.

The electrofishing equipment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating the Market

  • Smith-Root, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Shi Jia Electronics (Dongguan) Co., Ltd.
  • Halltech Aquatic Research Inc.
  • Midwest Lake Management, Inc.
  • Samus Special Electronics
  • Electrofisher SUM
  • SE Electrofishers
  • AquaTech

 


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