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A reef aquarium (also known as a reef tank) is a marine aquarium
that displays live corals (such as frogspawn coral, pulse coral, candy cane
coral, and hammer coral) and other marine invertebrates. Reef aquarium also
includes a wide variety of fish (such as gobies, tangs, and clownfish) that
play an important role in maintaining the environment of tropical coral reefs.
Tangs for example can live up to 25 years, while clownfish can live up to 15
years in captivity. A reef tank requires stable water chemistry, intense
lighting, and turbulent water movement. Thus, a reef aquarium has various
components such as a canopy, refugium, sump, stand, lighting, etc.
Increasing demand for reef aquariums in commercial and residential
places across the world is expected to propel the reef aquariums market in the
coming future. Moreover, increasing consumer preferences towards reef aquariums
due to their benefits are also expected to drive the reef aquariums market.
Filtration in reef aquarium provides a natural food source, removing nitrate,
iron, and phosphate from the water. Filtration also helps to remove dissolved
matter and discoloration of the water to help purify the water. However, the
high cost associated with the reef aquariums is expected to hamper the growth
of the reef aquariums market.
Smaller water quantities and fluctuations in water quality require
extra attention compared to aquariums with larger water content. In particular, levels of phosphate, calcium,
alkalinity, pH, nitrate, salinity, nitrite, and ammonia should be monitored
closely. In terms of geography, the reef
aquariums market is divided into six regions, such as North America,
Europe, South America, Asia Pacific, the Middle East, and Africa. In 2017, the
Asia Pacific region held a dominant position in the market and is expected to
maintain its dominance due to increasing consumer preferences towards reef
aquarium due to its benefits.
Moreover, key players operating in the reef
aquariums market are focused on introducing new
products and technologies in the market, as well as adopting various growth
strategies such as product development and business expansion to expand/enhance
their product portfolio or to expand their market presence. For instance, in
January 2018, EHEIM launched LEDcontrol, a new wireless lighting control system
designed to control the different lighting options. It can be operated through
a smartphone, PC, or tablet without an application.
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