• US: +1-408-610-2300
  • Toll Free: +1-866-831-4085
  • Login / Register
Agricultural Ventilation Fans Market Size & Share Report, 2020-2027

Agricultural Ventilation Fans Market Analysis Report By Product, By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17620227  |  Published: April 2021  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: HVAC (Heating, Ventilation, & Air Conditioning)  |  Publisher: Grand View Research

Synopsis

With reference to the report published, the global agricultural ventilation fans market was prized by USD 540.7 million, in 2019. It is estimated to witness, 10.9% CAGR from 2020 to 2027.

Drivers

As a result of the recurrent increase in the habit of indoor agriculture, the demand for agricultural ventilation fans has flooded, during the previous a small number of years. The escalating populace of the world, along with the altering climatic circumstances, has augmented the worldwide demand for metropolitan farming.

The benefits presented, for example, comparatively extra yield per division as well as the abridged necessity of water, has been cheering the farmers to take on the indoor agricultural exercise, in that way increasing demand for the ventilation arrangement, required for the indoor agriculture and therefore the agriculture ventilation fans.

north-america-agricultural-ventilation-fans-market

Agricultural ventilation fans assist in preserving the best possible level of temperature, carbon dioxide percentage, and the moisture, necessary for the growth of the plants and vegetables in the indoor farmhouse. Moreover, it decreases moisture content on the surfaces of the plant, averting the development of a fungus or mold.

Furthermore, agricultural ventilation fans are having enormous demand in the nations where the low water level or dehydrated climatic conditions persists. The harvesters or farmers choose to harvest, in such nations perpendicularly, since it saves water utilized for agriculture plus controls the temperature of the space to optimize the growth and quality of the produce. Sequentially, this encourages the expansion of the market for agricultural ventilation fans.

Restraints

The need for greater capital investment together with the unwillingness of farmers to shift towards highly developed agricultural procedures, cause a challenge to the acceptance of indoor agricultural and so the order for agricultural ventilation fans.

Effect of Covid-19

The eruption of COVID-19 has sourced disturbance in the supply chains of food items, throughout the world. The illness and the limitations on travel caused the labor scarcity along with an abridged delivery of raw materials, necessary to manufacture agricultural ventilation fans, within the first phases of the pandemic. This interruption of the supply chain has additionally deferred the feed delivery.

On the other hand, the eruption of the COVID-19 pandemic has, furthermore, added to a rise in demand for indoor-grown harvest. The capability of indoor agriculture to deal with the scarcity of foodstuff during the conditions of the COVID-19 pandemic and rising requirement for indoor-grown harvest is the features, sustaining the order for agricultural ventilation fans.

Moreover, the progression in equipment leading to the initiation of feature-rich ventilation fans (for example - noise-proof fans) is additionally estimated to impel the agricultural ventilation fans market, in the near future.

Product Insight

By recording 12.9% CAGR during the forecast period, the exhaust fan section is projected to appear as the highest developing sector. Since they take away exhalations and the odor of the livestock, the exhaust fans are one of the largely important mechanisms in the automatic ventilation arrangement. Furthermore, they assist in not only enhancing the condition of the animal life but also avert the hazard of ailment and contagion in livestock.

The circulation fan sector held principal above 33.0% revenue share and ruled the market for agricultural ventilation fans, in 2019. The greater share of the section can be credited to their augmented acceptance on the backdrop of the dual features presented such as ventilation as well as cooling, to the open shelters of livestock. Besides, these fans are utilized to transfer a greater quantity of air along with low pressure to balance the temperature in greenhouses.

Likewise, these fans assist in spread warm air produced from the heating arrangement, in the cold periods. The section of the product is additionally separated into portable fans, duct fans, and exhaust fans.

Application Insight

In 2019, the livestock/dairy sector held the subsequent largest, 29.8% revenue share. The sector is estimated to appear as the speedily developing sector, recording 11.8% CAGR throughout the forecast period. The enlargement is credited to the rising population of farm animals in advanced nations like Germany, the U.K, the U.S., and China. A ventilation fan in livestock/dairy shelters assists in preserving a consistent and restful type of weather for the animals. These fans eradicate the moisture, odors, and heat, produced by livestock and replenish the stream of oxygen, by way of fetching in the external cooler air.

global-agricultural-ventilation-fans-market

The greenhouse retained, above 40.0% global revenue share, and section directed the market for agricultural ventilation fans, in 2019. The high-pitched share is credited to the increasing demand for indoor as well as vertical farming for growing vegetables and fruits.

The climatic circumstances are restricted by the agricultural ventilation fans in greenhouses, to increase the quality as well as the quantity of the harvest. Additionally, to retain the finest temperatures within the greenhouses, throughout the summer, inside hot air of the greenhouse needs to be replaced by the exterior cooler air. To attain this, harvesters make use of the ventilation fans that causes superior creation of the crop in contrast to while usual methods of ventilation are in use.

Regional Insight

The Asia Pacific market for agricultural ventilation fans is expected to record a maximum of 12.5% CAGR, during the forecast period. The enlargement is mainly classified by the grouping of the aspects together with the altering expenditure patterns of the customers, rising wakefulness between the farmers about the necessity to take on different agricultural procedures, increasing populace, as well as growing disapproval for the utilization of unnecessary pesticide in the farming of vegetable and fruits.

The necessity to implement the different agricultural procedures, at the back of unsure climatic circumstances, plus increasing demand for the food has caused the growing erection of greenhouses as well as vertical farms to turn outcrops, in this way, boosting the setting up of agricultural ventilation fans within the state.

India and China are the nations having the biggest livestock and major conservative traditions of agriculture. As a result, these two markets present an enormous opening for the development and the implementation of new technology that comprises agricultural ventilation fans.

Besides, a number of Asia Pacific nations are benefitted from the constructive policies adopted by the government authorities as well as the subsidies that encourage the implementation of indoor farming. Such as, over half of growers have obtained finance to set up the process for indoor cultivation in Japan. Sequentially, this is anticipated to generate the need for agricultural ventilation fans.

Europe held more than a 30.0% share of global revenue in 2019 and led the market for agricultural ventilation fans. The increasing implementation of technologies similar to Controlled Environment-Agriculture (CEA) within the region is credited to the extraordinary share. Due to the current inclination of taking on the U.S technique of greenhouse farming, the U.K. retained a major share in the European market.

In addition, there are numerous projects started by the organizations and the government authorities of some nations, for the construction of indoor farmhouses, in an attempt to conquer the challenges, like transformation in climatic conditions, food production, and rising population.

Companies

The key companies are concentrating on increasing their geographic exposure to build up their delivery system and increase their client base. Since these contestants are working in an extremely fragmented market; they are insistently following policies like intentional partnerships and mergers & acquisitions, to make sure the necessary stages of the profits by means of taking over a bigger market share.

Some of the companies for the agricultural ventilation fans market are:

    • New York Blower Company
    • Schaefer
    • OSBORNE INDUSTRIES INC.
    • Bigass Fans (Delta T, LLC)
    • AirMax Fans
    • ebm-papst
    • Vostermans Ventilation
    • QC Supply
    • Multi-Wing America, Inc.
    • American Cool air Corp.

Report Scope

Report Attribute

Details

The market size value in 2020

USD 606.2 million

The revenue forecast in 2027

USD 1,250.3 million

Growth Rate

CAGR of 10.9% from 2020 to 2027

The Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD Million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments Covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; China; India; Japan; Brazil

Key companies profiled

AirMax Fans; American Coolair Corp.; Bigass Fan; QC Supply; New York Blower Company; Osborne Industries Inc.; ebm-papst

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Pricing and purchase options

Avail of customized purchase options to meet your exact research needs.


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the agricultural ventilation fans market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2027)
    • Circulation Fans
    • Duct Fans
    • Exhaust Fans
    • Portable Fans
    • Others

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Dairy/Livestock
    • Equine
    • Greenhouse
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
        • France
    • The Asia Pacific
        • China
        • India
        • Japan
    • South America
        • Brazil
    • Middle East & Africa

What questions do you have? Get quick response from our industry experts. Request More information
Key questions answered in the report include
key questions
We also offers customization on reports based on specific client requirement.
Request for Customization

Choose License Type

Research Assistance

Ryan Manuel
Ryan Manuel

Research Support Specialist, USA

  1. Phone: +1-408-610-2300
  2. Toll Free: +1-866-831-4085
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service
  • 100% Secure Payments
  • Our Promise
  • 100% Service Assurance
  • Market Monitoring
  • Service Flexibility
  • 24X5 Care available