Due to the increasing adoption of urban agricultural practices owing to the changing climatic conditions and increasing population, growing demand for exotic vegetables, fruits, and flowers, and increasing adoption of indoor farming, the agricultural ventilation fans industry generated revenue of ~$600 million in 2020 and is projected to showcase a significant growth rate during the forecast period.
In 2020, due to the COVID-19 pandemic, the global agricultural ventilation fans market was negatively impacted due to multiple lockdowns, affected import and export services, stoppage in the functioning of manufacturing facilities, and reduced workforces. Raw materials and intermediate goods required for production of ventilation fans that were shipped from various locations could not reach the destined locations within the designated timeframe, being stranded in multiple locations. Furthermore, the lockdowns are hampering the face-to-face interactions typically conducted by sales representatives.
The agricultural ventilation fans market has been categorized into circulation fans, duct fans, exhaust fans, portable fans, and others, based on product. The exhaust fan category is expected to witness the fastest growth during the forecast period. This is because such fans serve the most-essential purpose of removing odor and exhalations of livestock from inside an enclosure.
The market has been categorized into dairy/livestock, equine, greenhouse, and others, on the basis of application. The dairy/livestock category is expected to hold the majority share in the market during the forecast period. According to the Food and Agriculture Organization (FAO) of the United Nations (UN), the global milk output in 2018 was estimated at 843 million tons, driven by a production increase in India, Turkey, the European Union (EU), the U.S., and Argentina. This was mainly due to the improvements in the milk collection process, as well as the hygiene and health of the livestock with effective temperature control and ventilation.
The Asia-Pacific (APAC) region is expected to be the fastest-growing agricultural ventilation fans market during the forecast period. This can be attributed to the fact that the region is home to some of the most-populous countries in the world, including China and India, which constitute a massive consumer base for food and dairy products, as well as display a strong economic dependence on agriculture. Further, the growing adoption of urban agriculture practices due to the changing climatic conditions and increasing population will support the market growth during the forecast period.
In recent years, players in the market have been actively involved in partnerships and collaborations to expand into untapped countries. For instance, in March 2018, QC Supply entered into a partnership with Advanced Feeding Systems to strengthen its distribution channel, by serving four new locations in the U.S. (Kentucky, Tennessee, Indiana, and Illinois). In addition, with this partnership, QC Supply expanded its dedicated service department, a full-service electrical division, certified generator tech team, and turnkey livestock facilities.
The major players operating in the global agricultural ventilation fans market are AirMax Fans, American Coolair Corp., Bigass Fans (Delta T LLC), Multi-Wing America Inc., Osborne Industries Inc., QC Supply, Schaefer, Vostermans Ventilation, New York Blower Company, and ebm-papst.