The Global Agricultural Ventilation Fans Market Size accrued earnings worth approximately 570.2 (USD Million) in 2020 and is predicted to gain revenue of about 1,279.5(USD Million) by 2028, is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028. The report offers assessment and analysis of the Agricultural Ventilation Fans Market on a global and regional level.
The Global Agricultural Ventilation Fans Market Size accrued earnings worth approximately 570.2 (USD Million) in 2020 and is predicted to gain revenue of about 1,279.5(USD Million) by 2028, is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028. The report offers assessment and analysis of the Agricultural Ventilation Fans Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).
Agricultural ventilation fans are utilized for maintaining minimum level of humidity, temperature, and carbon dioxide in indoor environment. Furthermore, they optimize fruit and vegetable growth along with preventing of growth of mold or fungi on plant surfaces. Additionally, in summer season, the product minimizes heat & air humidity through breeze creation and pushing of cool air through building. However, in winter season agricultural ventilation fans prevent harmful gas accumulation as well as odor & toxin accumulation along with providing good ventilation facility for livestock.
Surge in indoor faming activities and need for fulfilling food requirements of global populace will steer expansion of agricultural ventilation fans industry. In addition to this, rapid climatic changes taking place across globe has resulted into massive demand for agriculture, thereby driving agricultural ventilation fans market size. Apart from this, agricultural ventilation fans can reduce heat & odor while enhancing air quality through removal of damp air from buildings and replacement of this damp air with fresh one. Furthermore, need for exotic fruits, vegetables, and flowers but fluctuating climate has resulted in cultivation of crops in controlled environment through use of ventilation device. This will steer expansion of agricultural ventilation fans market over upcoming years.
In addition to this, ventilation & exhaust fans find extensive application in animal husbandry as it assist in removal of exhalations & odor of livestock in the locations. Apart from this, the product helps in enhancing overall health of cattle, thereby preventing contagious diseases. All these aforementioned factors are anticipated to steer expansion of agricultural ventilation fans industry over forecasting timespan.
Asia Pacific To Make Notable Contributions Towards Overall Market Size By 2028
Growth of agricultural ventilation fans industry in Asia Pacific over forecast timeline is due to steep rise in population, changing consumer buying behavior, surging awareness among farmers about requirement of accepting alternate farming practices, and growing need for taking organic crop yield with less inclination towards utilization of pesticides in vegetable & fruit cultivation. In addition to this, economies & GDP of countries such as India and China is mainly based on agriculture & farming activities. This is anticipated to provide huge growth opportunities for agricultural ventilation fans market in region over forecast timespan. Additionally, favorable government laws and subsidies promoting indoor farming activities will drive regional market landscape.
Report Attributes | Report Details |
---|---|
Report Name | Agricultural Ventilation Fans Market |
Market Size in 2020 | USD 570.2 Million |
Market Forecast by 2028 | USD 1,279.5 Million |
Compound Annual Growth Rate | CAGR of 10.3% |
Number of Pages | 154 |
Forecast Units | Value (USD Million), and Volume (Units) |
Key Companies Covered | QC Supply, AirMax Fans, Multi-Wing America Inc, American Coolair Corporation, Vostermans Ventilation, Osborne Industries Inc, Schaefer Corporation, Bigass Fans, ebm-papst, and New York Blower Company |
Segments Covered | By Product, By Application, By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2020 |
Historical Year | 2016 - 2020 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Market for agricultural ventilation fans has become highly fragmented with new entrants entering it. Hence players are trying to add new features to product along with introduction new products in exiting product line to gain competitive advantage over business rivals. Manufacturers are trying to enlarge their consumer base across globe as well as establish a strong foothold in agricultural ventilation fans market. Additionally, some of mammoth participants of industry have majorly influenced growth of agricultural ventilation fans market.
Zion Market Research Report profiles some of these giant players including:
By Product
By Application
FrequentlyAsked Questions
Surge in indoor faming activities and need for fulfilling food requirements of global populace will steer expansion of agricultural ventilation fans industry. In addition to this, rapid climatic changes taking place across globe has resulted into massive demand for agriculture, thereby driving agricultural ventilation fans market size. Apart from this, agricultural ventilation fans can reduce heat & odor while enhancing air quality through removal of damp air from buildings and replacement of this damp air with fresh one. Furthermore, need for exotic fruits, vegetables, and flowers but fluctuating climate has resulted in cultivation of crops in controlled environment through use of ventilation device. This will steer expansion of agricultural ventilation fans market over upcoming years.
According to Zion market research report, The global Agricultural Ventilation Fans Market accrued earnings worth approximately 570.2 (USD Million) in 2020 and is predicted to gain revenue of about 1,279.5(USD Million) by 2028, is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to steep rise in population, changing consumer buying behavior, surging awareness among farmers about requirement of accepting alternate farming practices, and growing need for taking organic crop yield with less inclination towards utilization of pesticides in vegetable & fruit cultivation. In addition to this, economies & GDP of countries such as India and China is mainly based on agriculture & farming activities. This is anticipated to provide huge growth opportunities for agricultural ventilation fans market in region over forecast timespan. Additionally, favorable government laws and subsidies promoting indoor farming activities will drive regional market landscape.
The key market participants include QC Supply, AirMax Fans, Multi-Wing America, Inc., American Coolair Corporation, Vostermans Ventilation, Osborne Industries Inc., Schaefer Corporation, Bigass Fans, ebm-papst, and New York Blower Company.
The agricultural Ventilation Fans market is set to record a CAGR of nearly 10.3% over the period from 2021 to 2028
Agricultural Ventilation Fans Market influencing segments are By Product Type (Circulation Fans, Duct Fans, Portable Fans, And Exhaust Fans), By Application (Dairy/Livestock, Equine, And Greenhouse), And By Region
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