Agricultural Ventilation Fans Market Research Report: By Product (Circulation Fans, Duct Fans, Exhaust Fans, Portable Fans), Application (Dairy/Livestock, Equine, Greenhouse) - Global Industry Analysis and Growth Forecast to 2030

Market Overview

The global agricultural ventilation fans market was stood around $600 million in 2020 and is expected to grow at a significant rate during the forecast period (2021–2030). The growing demand for exotic vegetables, fruits, and flowers, rising indoor farming practices, and surging adoption of urban agriculture practices due to the changing climatic conditions and increasing population are some of the key reasons behind the increasing demand for agricultural ventilation fans.

However, the current COVID-19 pandemic has negatively impacted the market for agricultural ventilation fans. The pandemic has put a burden on the food processing industry and crop producers, who still continue to struggle in the wake of the lockdown and movement restrictions in certain countries. Furthermore, the movement restrictions and illness spread caused laborer shortage and a reduced supply of raw materials needed to manufacture agricultural ventilation fans in the early stages of the pandemic.

To Maintain Cooling and Accurate Temperature in Greenhouses, Circulation Fans Category Dominated Market in 2020

The circulation fans category dominated the agricultural ventilation fans market in 2020, under segmentation by product. The high popularity of these fans is because they can be used to provide cooling, as well as ventilation, in livestock barns. Additionally, these fans are widely used to maintain the temperature in greenhouses.

Dairy/Livestock Category To Witness Highest CAGR during Forecast Period

The dairy/livestock category is expected to witness the highest CAGR during the forecast period. Ventilation and exhaust fans are two of the most-important components in animal husbandry as they help remove odor and exhalations of the livestock. s proper ventilation helps in improving the overall health of the animals/livestock by preventing severe diseases, the usage of such fans in livestock barns is continuously rising.

Asia-Pacific (APAC) To Witness Fastest Growth in Market during Forecast Period

APAC is expected to be the fastest-growing region in the global agricultural ventilation fans market till 2030. The rising per capita income and surging demand for transgenic crops are the key factors driving the growth of the region’s market. Furthermore, the booming population of the region would require an ample food supply to sustain, which, in turn, would drive the sales of advanced tools for agriculture, thereby supporting the market growth.

Production of Genetically Modified (GM) Crops in Developing Nations Is Key Trend in Market

The main purpose of greenhouses is to provide favorable growing conditions and protect crops from unfavorable weather and pests. The fast adoption of GM crops reflects the multiple benefits experienced by both small and large farmers in developed and developing countries that are commercially growing these crops. Thailand, India, and the Philippines are witnessing a rise in the demand for GM crops. For instance, golden rice is an upgraded variant, which has beta-carotene and is being tested in the Philippines and Bangladesh.

Adoption of Urban Agriculture Practices To Support Market Growth

With the rapid urbanization and growing population, the area of fertile lands is decreasing. With urban farming, the land can be used efficiently so that people can be fed easily. Furthermore, urban agriculture enhances food security, as sufficient amounts of organic food can be grown easily. Since ventilation fans are used to provide a controlled environment for indoor farming practices, with the rise in the use of urban farming techniques, the demand for agricultural ventilation fans is set to increase.

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Market Players Introducing New Products to Gain Competitive Edge

In recent years, players in the market have been actively involved in launching new products to stay ahead in the competition.

• In October 2020, American Coolair Corp. developed a new fan with a high-density polyethylene (HDPE) cone. HDPE is a high-strength thermoplastic polymer, which is lighter than traditional fiberglass.  As a result, the AMC FGBC52-PC is an economical option for ventilating agricultural buildings when paired with an interior wall shutter.

Key Players in Agricultural Ventilation Fans Industry Include:

Market Size Breakdown by Segments

The agricultural ventilation fans market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Product

• Circulation Fans
• Duct Fans
• Exhaust Fans
• Portable Fans

Based on Application

• Dairy/Livestock
• Equine
• Greenhouse

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa