Global Agricultural Ventilation Fans Market by Application (Greenhouse, Equine, Dairy/Livestock) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global agricultural ventilation fans market was worth USD 540.7 million in 2019. It is projected to grow at a compound annual rate (CAGR of 10.9%) between 2020 and 2027. Due to indoor farming, the demand for agricultural ventilation fans has increased over the past few years. Urban agriculture is becoming more popular due to the changing climate and increasing global population. Indoor farming has become more popular due to its benefits, such as a higher yield per area and a lower water consumption. This has prompted farmers to adopt indoor farming practices. The ideal conditions for indoor farming are maintained by agricultural ventilation fans. They maintain the right level of humidity, carbon dioxide, and temperature. It reduces the humidity on plants, which prevents mold and fungi growth.

Farmers are now required to grow exotic fruits and vegetables in controlled environments using ventilation equipment due to the increasing demand. Farmers are also converting their farms to greenhouses to make it possible for cattle to graze. To create the ideal environment, they install agricultural ventilation systems. Agricultural ventilation fans are highly sought after in countries with low water levels or dry climates. These countries are where farmers and harvesters would prefer to grow crops vertically. This conserves water and regulates temperature to maximize nutrient quality and yield. This is good news for market growth.

Small-scale farmers in developing and underdeveloped countries find it difficult to adapt to advanced agricultural ventilation technologies like ECplus or Vplus. These technologies help to save between 80 and 85 percent of energy in livestock/dairy farming. This is due to a lack of awareness, reluctance, and lack technical knowledge. Small scale farmers may find it difficult to set up an indoor farm because they are located in densely populated areas. The reluctance to switch to indoor farming by small-scale farmers is due to the favorable climatic conditions in many countries, such as France, Italy and Ukraine. These countries have a large portion of land that is already fertile, so farmers don't feel the need for advanced farming techniques. These regions have very few indoor-grown crops. High capital investments required and the unwillingness of farmers to adopt advanced farming practices make it difficult to adopt indoor agriculture and thus the need for agricultural ventilation fans.

COVID-19 caused disruptions to food supply chains around the world. Movement restrictions and illness caused labor shortages in the early stages of the pandemic. This led to a reduction of the raw materials needed for agricultural ventilation fans. The disruption to the supply chain has also delayed feed supply. The COVID-19 pandemic has led to an increase in indoor-grown produce demand. Indoor farming's ability to provide food for the COVID-19 outbreak and the growing demand for indoor-grown produce are two of the reasons for the increased demand for agricultural ventilation fans. The market will be driven by technological advancements that have led to the introduction ex-noise proof ventilation fans.

Product Insights

The market was dominated by the circulation fan segment, which accounted for more than 33.0% of the total revenue in 2019. This is due to the two-fold feature that provides cooling and ventilation to open livestock barns. These fans can also be used to transport large volumes of air at low pressure in order to maintain the greenhouse temperature. These fans also distribute warm air from overhead heat systems during cold seasons. This product segment can be further divided into exhaust fans, duct fans and portable fans.

Exhaust fan segments are expected to grow at 12.9% annually between 2020 and 2027. Exhaust fans are an essential component of mechanical ventilation systems. They remove odors and exhalations from livestock. They are also essential in improving animal life and preventing disease outbreaks. These fans are essential for livestock and poultry housing. They provide the necessary air exchange. For creating ideal microclimates for different cultivations, agricultural ventilation fans like circulation fans and exhaust fans are being increasingly used together with equipment such as humidifiers.

Application Insights

The market leader in greenhouses was more than 40% of global revenue in 2019, with this segment accounting for over 40%. This is due to growing demand for indoor and vertical farming to cultivate fruits and vegetables. The agricultural ventilation fans control the climate in greenhouses to increase both quality and quantity. To maintain the ideal temperatures in greenhouses during summer, the hot air inside must be replaced by cooler air from outside. Harvesters use ventilation fans to achieve higher crop production than natural ventilation.

In 2019, the dairy/livestock segment was second in revenue, with 29.8%. This segment is expected to grow at a rate of 11.8% between 2020 and 2027. This is due to an increasing number of livestock in advanced countries like the U.S., U.K, China, and Germany. The ventilation fan is installed in the dairy/livestock housing to maintain a consistent and comfortable climate for animals. Ventilation fans are used to remove odors, heat and moisture from livestock, and bring in cool outside air to replenish oxygen.

Regional Insights

Europe was the dominant market for agricultural ventilation fans in 2019, accounting for more than 30.0% global revenue share. The high share is attributable to the rising adoption of technologies like Controlled Environment-Agriculture (CEA) in the region. Due to the U.S-style greenhouse farming, the U.K. held an important share of the European market. In order to address the challenges of increasing population and climate change, several governments and agencies have taken various initiatives to build indoor farms.

The market in Asia Pacific is expected to grow at 12.5% between 2020 and 2027. This is due to a combination of factors, including increasing population, farmers becoming more aware of the importance of alternative farming practices, shifting consumption patterns and growing opposition to excessive pesticide use in vegetable and fruit cultivation. In response to uncertain climatic conditions, rising food demand, it has been necessary to build more greenhouses and vertical farms in order to produce crops. This has led to the installation of agricultural ventilation fans.

China and India have the highest livestock numbers and use conventional farming methods. Both these countries offer enormous growth opportunities for technology adoption, such as ventilation. Many countries in Asia Pacific have also benefited from government policies and subsidies that encourage indoor farming. In Japan, for example, over half of the growers received either a subsidy or loan to start indoor agriculture operations. This will lead to increased demand for agricultural ventilation fans.

Market Share Insights & Key Companies

To expand their geographical coverage and strengthen their customer base, the top players are focusing on this goal. In line with this strategy, QC Supply partnered with Advanced Feeding Systems in March 2018 to expand its distribution network by reaching four additional locations. As these market players are operating in a very disintegrated/fragmented marketplace, they are aggressively pursuing strategies such as mergers and acquisitions, and strategic distribution partnerships to ensure required levels of profits by capturing a larger share of the market. The market leader in agricultural ventilation fans is:

• AirMax Fans

• American Coolair Corp.

• Bigass Fans (Delta T, LLC)

• Multi-Wing America, Inc.

• OSBORNE INDUSTRIES INC.

• QC Supply

• Schaefer

• Vostermans Ventilation

• New York Blower Company

• ebm-papst

Up Market Research published a new report titled “Agricultural Ventilation Fans Market research report which is segmented by Application (Greenhouse, Equine, Dairy/Livestock), By Players/Companies AirMax Fans, Multi-Wing America Inc, Vostermans Ventilation, OSBORNE INDUSTRIES INC, Bigass Fans (Delta T LLC), American Coolair Corp, QC Supply, New York Blower Company, Schaefer, ebm-papst”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Agricultural Ventilation Fans Market Report Segments:

The market is segmented by Application (Greenhouse, Equine, Dairy/Livestock).

Agricultural Ventilation Fans Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Agricultural Ventilation Fans Market

Overview of the regional outlook of the Agricultural Ventilation Fans Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Agricultural Ventilation Fans Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Agricultural Ventilation Fans Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Greenhouse

                2. Equine

                3. Dairy/Livestock

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Agricultural Ventilation Fans Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Agricultural Ventilation Fans Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.