The North America Agricultural Ventilation Fans Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
Farmers have been forced to produce in a controlled atmosphere utilising ventilation technology due to the increased demand for special vegetables, fruits, and flowers, as well as the unpredictable weather circumstances. Furthermore, owing to a lack of available open land for cattle grazing, farmers are increasingly converting their farms into greenhouses and putting agricultural ventilation systems to create the necessary atmosphere within the greenhouse facilities.
Along with that, in places with arid climates or low water levels, agricultural ventilation fans are in high demand. Farmers or harvesters in such nations like to grow crops vertically because it conserves water for crop cultivation and manages the temperature in a room to improve nutrient quality and yield growth.
Exports from the United States are expected to stay stable, owing to rising demand and limited domestic fresh fruit supply in Canada as per ITA. Although the United States retains a significant part of the market, import competition has increased as a result of Canadian trade agreements, a determined attempt to diversify import suppliers, and the expansion of exportable fruit supply from rising export countries. Due to these statistics, it is estimated that various agricultural devices and equipment including agricultural ventilation fans would witness a surge in the coming years.
The US market dominated the North America Agricultural Ventilation Fans Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $190.3 Million by 2027. The Canada market is expected to witness a CAGR of 10.8% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 9.9% during (2021 - 2027).
Based on Application, the market is segmented into Greenhouse, Dairy/Livestock, Equine, and Others. Based on Product, the market is segmented into Circulation Fans, Exhaust Fans, Duct Fans, Portable Fans, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Agricultural Ventilation Fans Market is Estimated to reach $902.3 Million by 2027, at a CAGR of 8.8%
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.
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