The global agricultural ventilation fans market size is anticipated to reach USD 1.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.9% from 2020 to 2027. The growing awareness among growers regarding the importance of air circulation in indoor farming is one of the major factors driving the market. Ventilation and air circulation are of key factors in agricultural environments for regulating heat pressure and controlling odor. The heat pressures during the summers can have a detrimental effect on the animals, including cow, hog, pig and other poultry, affecting the productivity and the quality of the produce. Further, ventilation fans help control odor in agricultural environments, keeping the environment clean.
Air quality is a crucial factor for maintaining health of livestock or cattle. The agriculture ventilation system helps keep the agriculture environment clean and safe by maintaining the desired temperature, keeping humidity in balance, and removing harmful particles and gases from the air. In addition, the device ensures consistent plant growth in greenhouses by controlling carbon dioxide concentration as per the requirement of plants. Therefore, the regular use of the mechanical device ensures enhanced productivity.
The agricultural vent system is a prerequisite in indoor farming due to the continuously changing climatic conditions globally. Indoor farming is expected to witness a CAGR of 9.2% over next five years, consequently generating demand for the device. Indoor farming, being an urban farming method, removes the environmental constraints by using the vent system. These fans help ensure proper air exchange from inside to outside and vice versa, resulting in effective air movement and cooling. With unfavorable land and climatic condition in the region, the growers in Middle East are increasingly favoring controlled agricultural practices, offering immense growth opportunities for the manufacturers of the device in the coming years.
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Agricultural Ventilation Fans Market Report Highlights
- The market is anticipated to witness substantial growth during the forecast period due to the growing popularity of indoor farming practices among growers
- The circulation fans segment accounted for the largest revenue share in 2019 owing to the imminent need for regulating heat pressure and controlling odor in the agriculture set-up
- The dairy/livestock segment is expected to emerge as the fastest-growing segment due to the increasing population of livestock in major markets such as the U.S., the U.K., China, and Germany
- Asia Pacific is expected to register fastest growth over the forecast period. This is majorly attributable to the rising population, imminent need among farmers to adopt alternative farming practices, and changing consumption patterns of consumers in the region
Agricultural Ventilation Fans Market Segmentation
Grand View Research has segmented the agricultural ventilation fans market based on product, application, and region:
Agricultural Ventilation Fans Product Outlook (Revenue, USD Million, 2016 – 2027)
- Circulation Fans
- Duct Fans
- Exhaust Fans
- Portable Fans
Agricultural Ventilation Fans Application Outlook (Revenue, USD Million, 2016 – 2027)
Agricultural Ventilation Fans Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- Asia Pacific
- South America
- Middle East & Africa
List of Key Players of Agricultural Ventilation Fans Market
- AirMax Fans
- American Coolair Corp.
- Bigass Fans (Delta T, LLC)
- Multi-Wing America, Inc.
- OSBORNE INDUSTRIES INC.
- QC Supply
- Vostermans Ventilation
- New York Blower Company
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.A based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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