Publishing: September 2021 | Report Code: CM12236 | Available Format: PDF
The global agricultural ventilation fans market was stood around $600 million in 2020 and is expected to grow at a significant rate during the forecast period (2021–2030). The growing demand for exotic vegetables, fruits, and flowers, rising indoor farming practices, and surging adoption of urban agriculture practices due to the changing climatic conditions and increasing population are some of the key reasons behind the increasing demand for agricultural ventilation fans.
However, the current COVID-19 pandemic has negatively impacted the market for agricultural ventilation fans. The pandemic has put a burden on the food processing industry and crop producers, who still continue to struggle in the wake of the lockdown and movement restrictions in certain countries. Furthermore, the movement restrictions and illness spread caused laborer shortage and a reduced supply of raw materials needed to manufacture agricultural ventilation fans in the early stages of the pandemic.
The circulation fans category dominated the agricultural ventilation fans market in 2020, under segmentation by product. The high popularity of these fans is because they can be used to provide cooling, as well as ventilation, in livestock barns. Additionally, these fans are widely used to maintain the temperature in greenhouses.
The dairy/livestock category is expected to witness the highest CAGR during the forecast period. Ventilation and exhaust fans are two of the most-important components in animal husbandry as they help remove odor and exhalations of the livestock. s proper ventilation helps in improving the overall health of the animals/livestock by preventing severe diseases, the usage of such fans in livestock barns is continuously rising.
APAC is expected to be the fastest-growing region in the global agricultural ventilation fans market till 2030. The rising per capita income and surging demand for transgenic crops are the key factors driving the growth of the region’s market. Furthermore, the booming population of the region would require an ample food supply to sustain, which, in turn, would drive the sales of advanced tools for agriculture, thereby supporting the market growth.
The main purpose of greenhouses is to provide favorable growing conditions and protect crops from unfavorable weather and pests. The fast adoption of GM crops reflects the multiple benefits experienced by both small and large farmers in developed and developing countries that are commercially growing these crops. Thailand, India, and the Philippines are witnessing a rise in the demand for GM crops. For instance, golden rice is an upgraded variant, which has beta-carotene and is being tested in the Philippines and Bangladesh.
With the rapid urbanization and growing population, the area of fertile lands is decreasing. With urban farming, the land can be used efficiently so that people can be fed easily. Furthermore, urban agriculture enhances food security, as sufficient amounts of organic food can be grown easily. Since ventilation fans are used to provide a controlled environment for indoor farming practices, with the rise in the use of urban farming techniques, the demand for agricultural ventilation fans is set to increase.
|Base Year (2020) Market Size||~$600 million|
|Report Coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Analysis, Companies’ Strategic Developments, Impact of COVID-19, Company Profiling|
|Market Size by Segments||By Product, By Application, By Region|
|Market Size of Geographies||U.S., Canada, Germany, U.K., France, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa|
|Secondary Sources and References (Partial List)||Air Movement and Control Association, Fan Manufacturers Association, Indian Fan Manufacturers Association, Society of Electrical Engineering (ISEE), International Association of Electrical Inspectors (IAEI), International Association of Electrical, Electronic and Energy Engineering (IAEEEE), India Electrical & Electronics Manufacturers' Association (IEEMA), Consumer Product Safety Commission (CPSC), Electrical Safety Foundation International (ESFI), International Association of Electrical Inspectors, Independent Electrical Contractors Association, Institute of Industrial Engineering|
In recent years, players in the market have been actively involved in launching new products to stay ahead in the competition.
The agricultural ventilation fans market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.
Based on Product
Based on Application
The global agricultural ventilation fans market is booming because of the increasing adoption of indoor farming practices and growing use of urban agricultural practices.
The COVID-19 pandemic negatively impacted the progress of the agricultural ventilation fans industry.
Asia-Pacific (APAC) was the largest region in the agricultural ventilation fans industry in 2020.
Asia-Pacific will be the fastest growing region in the market for agricultural ventilation fans during 2021–2030.
The development of genetically modified (GM) crops in developing countries is currently trending in the market for agricultural ventilation fans.
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