Published Date: 28-Feb-2022
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According to a new report Global Agricultural Ventilation Fans Market, published by KBV research, 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.
The Greenhouse market is generating high revenue in the Global Agricultural Ventilation Fans Market by Application 2020, thereby, achieving a market value of $367.2 Million by 2027. It is due to the growing popularity of vertical and indoor farming for growing fruits and vegetables. Agricultural ventilation fans in greenhouses regulate climatic conditions to increase both the quality and quantity of output. Furthermore, heated air within the greenhouses must be exchanged with cooler outside air to maintain appropriate temperatures during the summer. Harvesters utilize ventilation fans to do this, which leads in higher crop output as compared to natural ventilation techniques.
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. This growth is attributed to their increased usage as a result of the two-fold function that provides both cooling and ventilation to open livestock barns. In greenhouses, these fans are also employed to circulate a large volume of air at a low pressure to keep the temperature balanced. Furthermore, during the winter seasons, these fans aid in the distribution of warm air provided by overhead heat systems. Exhaust fans, Duct fans, and portable fans are the three types of fans available.
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; thereby, achieving a market value of $302 Million by 2027. The North America market is expected to witness a CAGR of 8.4% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 8.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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