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According to Research Layer, the global Agricultural Ventilation Market is expected to surpass USD 1654 Million by 2030 with a CAGR rate of 11.2% during the projected period.
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Since past few years, the demand for agricultural ventilation fans has surged owing to continuous rise in indoor farming practices. The increasing population and quick changes in climatic conditions have boosted the demand for the urban agriculture globally. Also, the benefits such as less water requirement, high production per unit area, are encouraging farmers to adopt indoor farming practices; further boosting the demand for indoor agriculture ventilation systems. The Agricultural ventilation fans helps to maintain the required conditions for the crops such as, optimum level of humidity, proportion of carbon die oxide required for plants, temperature necessary for the development of plants and vegetables in indoor farms. This ability of controlling the environment, especially humidity, as Agricultural ventilation fans also helps to reduces humidity content on plant surfaces, avoiding mold or fungi development which leads to high yields and healthy crops. Thus, further boosting the demand for agricultural fans market in near future over the forecast period across the globe.
The Covid-19 pandemic has hampered the overall agricultural ventilation market in as the demand for the product remained muted for almost entire 2020. The market witnessed a significant dent in the growth in the demand around the globe. Owing to the lockdown people were stuck at their places due to which couldn’t attend laboratories and offices for months which has made companies to lose enormous revenue in first 3 quarters of 2020. COVID-19 has led to the increase adoption of online portal. The adoption of online portals via various third party channels will aid in long-term agricultural ventilation market expansion.
Agricultural Ventilation Market Driver:
Increasing Demand for Exotic Fruits and Vegetables that has Elevated the Need for Controlled Environment
India has turned out to be a lucrative market for exotic fruits and vegetables such as zucchini, broccoli, red cabbage, red and yellow capsicum and fruits like the spiky dragon fruit, which is estimated to create a huge demand within the production side, as India being one of the major consumer of fruits and vegetables. Supported by this trend, Indian farmers are also on the path of cultivating these crops to meet the untapped demand. In India The exotic dragon fruit, native to Mexico, has seen a high-pitched upsurge in demand from 2014.
Also, according to import and export data aggregator Zauba; In the middle of January and March 2014, around 26,000 kg dragon fruit was imported into the country which further jumped around 330,000kg of dragon fruit in the middle of August and October 2016. The Indian fruits and vegetable market as a whole, which had a volume of over 322 million metric tonnes in 2020, supports the market for exotic vegetables. The Indian fruits and vegetable industry is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a volume of almost 432 million metric tons by 2026.With such demand of exotic fruits and vegetables, there is a growing significance of farming within a controlled environments, creating a colossal demand for agricultural ventilation products.
Growing Implementation of Greenhouses Plantation
The adoption of greenhouse farming is increasing further giving more control over the environment where crops grow. This ability to control the environment helps farmers to cultivate flowers fruit, vegetables, and flowers for complete year. Also, cultivation of crops in the safe environment of a greenhouse can improve the genetics of the crops leading to growth of healthy variety of crops. It also needs less water than in an open field. Moreover, the producers do not have to rely on bee pollination, furthermore they can also use their chemicals and pesticides which they use to control diseases and any other vulnerability in plants. According to the estimate of the World Greenhouse, in January 2019; the Vegetable area is around 496,800 ha. (1,228,000 acres). Since the January 2018 total, a sizable area has been changed from "greenhouse" to "protected farmland." “Protected Agriculture” is defined as growing of crops under the controlled environment such as temperature, humidity, light and such other factors can be regulated as per requirement of the crop. Moreover, the estimated global protected agriculture area is 5,630,000 ha. (13,912,000 ac.). This growing demand for fruits and vegetables has propelled the demand for greenhouses, thereby parallel widening the scope for agriculture ventilation market during the forecast period.
Agricultural Ventilation Market Opportunity:
Growing Demand for Vertical Farming
Vertical farming equipment includes atmosphere controllers, grow lights, irrigation systems, pipes, ventilation fans etc., are used for varied purposes. They are used to monitor the farm’s atmosphere, growth of the crops, and control the number of nutrients in the solutions. Also, the launching of automatic seed planters, harvesting robots, and greenhouse roof washers, have witnessed to be contributory in reducing operating costs and also, increasing the revenue generated. The automating movement of plants which includes tasks such as seeding, transplanting, harvesting, packaging and cleaning, is gaining the popularity. Thus further boosting the demand for vertical farming. Moreover, the use of hydroponics allows producer for long-term cultivation of a wide range of crops grown in vertical farming which is also the factor fueling the agricultural ventilation market growth.
The global Agricultural Ventilation Market has been segmented based on type, application, and region/country.
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Based on the type, the Agricultural Ventilation Market has been segmented into Ceiling Fans, Circulation Fans, Duct Fans, Pit Fans, Exhaust Fans, Tube Fans, and Portable Fans. Exhaust Fans held the largest share for the market. This dominance is owing to the fact that exhaust fans are one of the most essential components in the mechanical ventilation system as they remove odor and exhalations in the livestock. Hence, driving the demand for exhaust fans.
Based on the application, the market has been segmented into Dairy/Livestock, Equine, Fairgrounds, Greenhouse, Farm Shop, Others. Greenhouse held the largest share for the market. This dominance is owing to rising demand for vertical and indoor farming for cultivating fruits and vegetables.
The global Agricultural Ventilation Market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The geographic analysis of the global Agricultural Ventilation Market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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The agricultural ventilation market is anticipated to grow at the highest CAGR of 12.5% in Asia Pacific from 2022 to 2030. The population is growing, farmers are becoming more aware of the need to adopt alternative farming methods, consumers' consumption habits are changing, and there is a growing backlash against the overuse of pesticides in the production of fruits and vegetables. These factors together make up the growth. Agri-ventilation fans have been installed in the area as a consequence of the increased building of greenhouses and vertical farms to grow crops in response to the necessity to embrace different farming techniques in light of erratic climatic conditions and rising food demand.
· In September, 2021, The Galebreaker Industrial Company established a new production facility in Poland.
· In March, 2018, The QC Supply, LLC Company has announced QC Supply and Advanced Feeding Systems (AFS) have joined forces. This is an exciting partnership for QC Supply as AFS is a leader in poultry and swine equipment, supplies, services, and turnkey solutions in Kentucky, Tennessee, Indiana, and Illinois.
· In April, 2018, The QC Supply, LLC Company is pleased to announce the acquisition of Preferred Poultry, a leading poultry equipment, supplies, services, and turnkey solutions provider in Northwest Arkansas and Southwestern Missouri.
The key players in the global Agricultural Ventilation Industry are AirMax Fans, American Coolair Corp., Bigass Fan, QC Supply, New York Blower Company, Osborne Industries Inc., ebm-papst.
· Potential Investors
· Regulatory & Government Bodies
· Research & Consulting Firms
· Upstream & Downstream Vendors
· End Users
· Others
This study estimates revenue growth at global, regional, and country levels and offers an overview of the latest developments in each of the sub-sectors from 2022 to 2030. For this analysis, Research Layer segmented the global Agricultural Ventilation Market has based on component, communication infrastructure, device usage, end use, and region/country.
The global Agricultural Ventilation Market is expected to exhibit 11.2% during the projected period.
The Asia-Pacific region is expected to be an early adopter of the Agricultural Ventilation Market in 2030
The exhaust fans segment is expected to be lucrative for the market during the forecast period.
Greenhouse is expected to be the largest contributor to the Agricultural Ventilation Market by 2030.
AirMax Fans, American Coolair Corp, Bigass Fan, QC Supply, New York Blower Company, Osborne Industries Inc, ebm-papst are the key companies of the global Agricultural Ventilation Market.
The global Agricultural Ventilation market is expected to account for a revenue of 1654 USD million in 2030 and is expected to grow with a CAGR of 11.2 % by 2030.
Report Code :
RL6525
Published on :
Dec 2022
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