The global agricultural ventilation fans market size was valued at USD 540.7 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 10.9% from 2020 to 2027. The demand for agricultural ventilation fans has surged over the last few years due to the continual rise in indoor farming practices. The ever-increasing global population and changing climatic conditions has increased the demand for urban agriculture globally. Benefits offered such as relatively more harvest per unit area and reduced water requirement has been encouraging farmers to adopt indoor farming practices, thereby boosting demand for indoor agriculture ventilation systems. Agricultural ventilation fans help in maintaining optimum level of humidity, carbon dioxide proportion, and temperature requisite for the growth of vegetables and plants in indoor farms. It also reduces humidity content on plant surfaces, avoiding mold or fungi development.
The growing demand for exotic vegetables, fruits, and flowers coupled with the uncertain climatic conditions have compelled farmers to cultivate in a controlled environment using ventilation equipment. Furthermore, due to the scarcity of open space for cattle grazing, nowadays, farmers are transforming their farms into greenhouses and thereafter installing agricultural ventilation systems to provide the desired environment inside the greenhouse. Moreover, agricultural ventilation fans are in huge demand in countries with dry climatic or low water levels. In such countries, farmers or harvesters prefer to produce crops vertically as it conserves water used for crop cultivation and regulates the temperature of the room to optimize the nutrient quality and growth of the yield. This, in turn, bodes well for market growth.
The circulation fan segment dominated the market and accounted for the largest revenue share of more than 33.0% in 2019. The high share of the segment can be attributed to their increased adoption on the back of two fold feature offered in terms of providing both cooling and ventilation to the open livestock barns. Also, these fans are used to move high volume of air with low pressure to balance the temperature in greenhouses. Moreover, these fans help distribute warm air generated from the overhead heat systems, during cold seasons. The product segment is further divided into duct fans, exhaust fans, and portable fans.
The exhaust fan segment is expected to emerge as the fastest-growing segment, registering a CAGR of 12.9% from 2020 to 2027. The exhaust fans are one of the most essential components in the mechanical ventilation system as they remove odor and exhalations in the livestock. Also, they help in not only improving the quality of animal life but also contribute in preventing the risk of epidemics and disease in livestock. Therefore, in housing poultry and livestock facilities, these fans work as a driving force that provides necessary air exchanging. Furthermore, agricultural ventilation fans such as circulation fans, and exhaust fans combined with other equipment such as humidifiers are increasingly used for creating micro-climates ideal for various cultivations.
The Agricultural Ventilation Fan Market is segmented on the basis of product and region. On the basis of product the market is segmented into Circulation Fans, Duct Fans, Exhaust Fans, Portable Fans, Others.
Europe dominated the agricultural ventilation fans market and accounted for over 30.0% of the global revenue share in 2019. The high share is attributable to the rising adoption of technologies like Controlled Environment-Agriculture (CEA) in the region. The U.K. held a significant share in the European market, owing to the ongoing trend of adopting the U.S-style greenhouse cultivation. Besides, there are several initiatives taken by the governments and agencies of several countries for building indoor farms in a bid to overcome challenges, including increasing population, food production, and climate change.
In Asia Pacific, the market is estimated to register the highest CAGR of 12.5% from 2020 to 2027. The growth is characterized primarily by the combination of factors including rising population, increasing awareness among farmers regarding the need to adopt alternative farming practices, changing consumption patterns of consumers in the region, and growing disfavor for the use of excessive pesticide in fruit and vegetable cultivation. The need to adopt alternative farming practices in the wake of uncertain climatic conditions and rising food demand has resulted in the increasing construction of greenhouses and vertical farms to produce crops, thereby driving the installation of agricultural ventilation fans in the region.
Key companies are: AirMax Fans; American Coolair Corp.; Bigass Fan; QC Supply; New York Blower Company; Osborne Industries Inc.; ebm-papst.
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