Global Agricultural Ventilation Fans Market Size, Share & Industry Trends Analysis Report By Application, By Product, By Regional Outlook, Strategy, Challenges and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Agricultural Ventilation Fans Market
Market Report Description
The Global Agricultural Ventilation Fans Market size is expected to reach $902.3 million by 2027, rising at a market growth of 8.8% CAGR during the forecast period.
By eliminating stale, stagnant, or damp air from a building and replacing it with fresh air from outside of the facility, agricultural ventilation fans help to lower heat and odour while also enhancing air quality. Agricultural ventilation fans can keep the right amount of carbon dioxide in the air, as well as the right temperature and humidity for plant and vegetable development in indoor farms. These agricultural ventilation fans also help to reduce humidity on plant surfaces drastically, which inhibits fungal growth. The market for agricultural ventilation fans is expanding as a result of these qualities.
As a result of the expansion in indoor farming operations, adoption for agricultural ventilation fans has surged in recent years. The need for urban agriculture has risen as the world's population has grown and climatic situation has changed dramatically. This aspect is pushing the need for more crops to be harvested in a smaller area while using less water. As a result, large-scale farmers choose to perform indoor agriculture, which necessitates the use of indoor agricultural ventilation systems.
Several companies are offering advanced fans for creating airflow in cattle barns, dairy farms, equine facilities, fairgrounds, produce farms, cannabis production, and grow rooms, hydroponics gardens, and greenhouses with their vast array of fans covering a wide range of applications. In addition, companies have the technology to adequately circulate and ventilate the environment within the facility, from the ventillation fans gently spreading massive amounts of airflow to the fabric air duct systems diverting air to specified locations.
COVID-19 Impact Analysis
The COVID-19 pandemic has caused damage on food supply lines all over the world. Movement limitations and illness in the early stages of the pandemic resulted in labour shortages and a restricted availability of raw materials needed to manufacture agricultural ventilation fans. The feed delivery has been further delayed as a result of the supply chain disturbance. The COVID-19 pandemic, on the other hand, has boosted demand for indoor-grown fruit.
Indoor farming's capacity to handle the food crisis in the COVID-19 pandemic condition, as well as rising demand for indoor-grown crops, are driving market for agricultural ventilation fans. In addition, technological improvements that have led to the launch of functionality ventilation fans (ex-noise proof fans) are projected to propel the market forward in the coming years.
Market Growth Factors:
Implementation of Urban Agriculture Methods
The constantly growing population is increasing the need for more food items and hence, rising the requirement for agricultural sector. The goal of urban farming, sometimes known as urban agriculture, is to produce food inside city borders. It also has a lot of advantages, such as greater food security, less waste, community involvement, and so on. Some of the examples of urban farming is hydroponics, aquaponics and others.
Increase in diseases due to poor air quality
Researchers from all around the world have discovered that poor air quality can cause a variety of health issues, like lung cancer, pneumonia, chronic obstructive pulmonary disease and ischemic heart disease. In addition, farmers cultivating crops in closed spaces would develop different diseases in the absence of ventilation fans. It is because of the rise in the temperature, humidity and declining air quality.
Marketing Restraining Factor:
High cost attached to these fans
The implementation and operations of these fans incur a significant cost to the farmers. Since a considerable portion of farmer population do not have more money to invest in the adoption of various devices and equipment, the agricultural ventilation fans market would witness a hindrance over the forecast period. The requirement for more capital expenditure, combined with farmers' reluctance to switch to more advanced agricultural techniques would pose a challenge to the acceptance of indoor agriculture equipment.
By application, the Agricultural Ventilation Fans Market is segmented into Dairy/Livestock, Equine, Greenhouse, and Others. The dairy/livestock segment witnessed a substantial revenue share in the agricultural ventilation fans market in 2020. It is owing to rising cattle populations in sophisticated countries such as the United States, the United Kingdom, Germany and China. In dairy/livestock housing, a ventilation fan aids in ensuring a comfortable and consistent atmosphere for the animals.
Based on the Product, the Agricultural Ventilation Fans Market is segmented into Circulation Fans, Duct Fans, Exhaust Fans, Portable Fans, and Others. The Exhaust Fan segment procured a significant revenue share in the agricultural ventilation fans market in 2020. Exhaust fans are one of the most important parts of the mechanical ventilation system because they remove odours and exhalations from the animals. They also contribute to not only enhancing the quality of animal life and also reducing the danger of outbreaks and sickness in cattle. As a result, these fans serve as a key driver in poultry and animal operations, providing vital air exchange.
|Market size value in 2020||USD 529.1 Million|
|Market size forecast in 2027||USD 902.3 Million|
|Historical Period||2017 to 2019|
|Forecast Period||2021 to 2027|
|Revenue Growth Rate||CAGR of 8.8% from 2021 to 2027|
|Number of Pages||157|
|Number of Tables||290|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Product, Application, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Region-wise, the Agricultural Ventilation Fans Market is studied across North America, Europe, Asia Pacific, and LAMEA. In 2020, Europe emerged as the leading region in the agricultural ventilation fans market with the maximum revenue share. This growth is attributed to the increasing use of technologies such as Controlled Environment-Agriculture (CEA). Because of the continued trend of adopting US-style greenhouse production, the United Kingdom had a substantial portion of the European market.
Free Valuable Insights: Global Agricultural Ventilation Fans Market size to reach USD 902.3 Million by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AirMax Fans, American Coolair Corporation, Bigass Fans (Delta T. Corporation), Multi-Wing Group A/S, Osborne Industries, Inc., Qc Supply, LLC, Vostermans Ventilation B.V., ebm-papst Group, New York Blower Company (Mathis Brothers), and Schaefer Ventilation Equipment, LLC.
Scope of the Study
Market Segments Covered in the Report:
- Equine, and
- Circulation Fans
- Exhaust Fans
- Duct Fans
- Portable Fans, and
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- AirMax Fans
- American Coolair Corporation
- Bigass Fans (Delta T. Corporation)
- Multi-Wing Group A/S
- Osborne Industries, Inc.
- Qc Supply, LLC
- Vostermans Ventilation B.V.
- ebm-papst Group
- New York Blower Company (Mathis Brothers)
- Schaefer Ventilation Equipment, LLC
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How valuable will the Agricultural Ventilation Fans market be in the future?
The global Agricultural Ventilation Fans market size is expected to reach $902.3 million by 2027.
What are the key driving factors and challenges in the Agricultural Ventilation Fans market?
Increase in diseases due to poor air quality are driving the market in coming years, however, High cost attached to these fans have limited the growth of the market.
What are the major top companies in the competitive landscape?
AirMax Fans, American Coolair Corporation, Bigass Fans (Delta T. Corporation), Multi-Wing Group A/S, Osborne Industries, Inc., Qc Supply, LLC, Vostermans Ventilation B.V., ebm-papst Group, New York Blower Company (Mathis Brothers), and Schaefer Ventilation Equipment, LLC.
At what CAGR is the Agricultural Ventilation Fans market estimate to grow in the forecast period?
The expected CAGR of the Agricultural Ventilation Fans market is CAGR of 8.8% from 2021 to 2027.
Which segment shows a high revenue share of the Agricultural Ventilation Fans market in 2020?
The Circulation Fans market acquired maximum revenue share in the Global Agricultural Ventilation Fans Market by Product 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $300.3 Million by 2027.
Which region shows high market share?
The Europe market region shows high market share in the Global Agricultural Ventilation Fans Market by Region 2020, and would continue to be a dominant market till 2027.