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The agricultural ventilation fans market size is estimated to grow by USD 429.56 million at a compound annual growth rate (CAGR) of 9.75% between 2022 and 2027. The growth of the market depends on several factors, including the global rise in agricultural production, the extensive increase in the demand for exotic fruits, vegetables, and flowers, and the increasing adoption of indoor farming practices across the globe.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global rise in agricultural production is the key factor driving the growth of the market. Agriculture is one of the world's largest industries. Countries such as India and China use agricultural production to drive international trade. The world's population is growing rapidly, especially in countries such as China and India. For instance, according to the World Bank Groups data, the total population in China increased from 1.402 billion in 2020 to 1.451 billion in 2021, which has increased the need for agricultural production of various food items.
The growth in emerging economies such as Brazil, Russia, China, and India has also increased agricultural production output worldwide. Farmers need to consider various issues during crop production, such as climate change, changing fertilizer needs, and plant diseases. The use of agricultural ventilation fans in farming acts as a one-stop solution for such problems. Thus, the rise in agricultural production is expected to fuel market growth during the forecast period.
Government initiatives to support sustainable agricultural practices are the primary trend in global market growth. A collaborative effort between the International Fund for Agricultural Development (IFAD) and the Government of India has delivered significant results in terms of investing in smallholder agriculture and building the capacity of small farmers to earn higher revenue by capitalizing on new market opportunities. Initiatives such as the eNAM and Pradhan Mantri Krishi Sinchayee (PMKSY), which focus on improving farming equipment available to small farmers, are contributing to the demand for Agricultural ventilation fans in India.
eNAM is a pan-India electronic trading portal that connects the existing Agricultural Produce Market Committee (APMC) mandis to create a unified national market for agricultural commodities. The Micro Irrigation Fund (MIF) is another government initiative under which the government provided over USD 700 million in funds to bring more land area under micro-irrigation as part of its objective to boost agricultural production and the income of farmers. The rise in agricultural operations is expected to directly lead to higher demand for the Agricultural ventilation fans needed for the cultivation and processing of crops during the forecast period. As a result, the rise in the number of initiatives for farming is expected to spur the demand for agricultural ventilation fans globally, thereby enhancing the growth of the market trends during the forecast period.
The limitations of vertical farming are a major challenge impeding the growth of the market. Vertical farming techniques are not suitable for growing all types of plants and vegetables. Few vegetables and fruits can be produced in a controlled environment using vertical farming techniques. Therefore, vertical farming allows farmers to grow only a limited variety of fruits and vegetables. Lettuce, kale, chard, kale, chives, tomatoes, lemons, and cinnamon are some of the popular fruits and vegetables that can be grown using vertical farming techniques. This is expected to encourage farmers to adopt traditional agriculture for higher profitability during the forecast period.
Vertical farming technologies do not provide calorie-rich foods. Calorie-rich foods require high food security. Domesticated grain crops such as wheat, barley, corn, and rice are mainly produced using traditional farming methods. Hence, the limitations related to vertical farming decrease the interest of consumers to opt for vertical farming technologies, which in turn is negatively affects the demand for agricultural ventilation fans and thereby affects the growth of the market during the forecast period.
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Abbi Aerotech B.V.: The company offers agricultural ventilation fans such as ABBIFAN 140XXP 21 Dairy cattle fans, Abbifan 140 XXP 1, and Abbi Ceiling Fan TYPE A.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.
The market share growth by the greenhouse segment will be significant during the forecast period. The dairy/livestock segment is expected to emerge as the fastest-growing segment due to the increasing population of livestock in major markets such as the US, the UK, China, and Germany.
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The greenhouse segment was valued at USD 234.24 million in 2017 and continued to grow until 2021. The growth of the market for dairy/livestock is driven by the presence of government regulations related to food safety and animal health, and welfare. The increasing demand for meat and dairy products across the world is driving the growth of the dairy/livestock segment. The growth of the global population is increasing the demand for meat across the world. Therefore, farmers are increasing the population of cattle in their livestock units (LSUs), which necessitates the adoption of agricultural ventilation fans to take care of the dairy/livestock. Such factors will increase segment growth during the forecast period.
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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Increasing government initiatives to promote sustainable agriculture practices is a major factor that is expected to drive the growth of the market during the forecast period. For instance, initiatives such as the National Agriculture Market (eNAM) and Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), which focus on improving the farming equipment and facilities for farmers, are contributing to the demand for agricultural ventilation fans in APAC. Such initiatives to promote sustainable agriculture practices undertaken by the government across various countries such as India and China in APAC are expected to boost the growth of the market in APAC during the forecast period.
The market is witnessing significant growth, driven by changing climatic conditions and the rise of urban and indoor agriculture. With indoor farms requiring optimum humidity levels, carbon dioxide proportions, and temperature control, ventilation systems play a crucial role in maintaining ideal conditions for crop growth and preventing mold and fungi development. This is particularly important for exotic vegetables and crops grown in uncertain climatic conditions. The market is witnessing a surge in demand for advanced ventilation equipment such as ECplus and Vplus technologies, known for their energy-saving features and efficient airflow management.
However, challenges persist, including the lack of awareness and technical know-how among small-scale farmers in underdeveloped regions. Nonetheless, with the adoption of advanced agricultural ventilation technologies and natural ventilation techniques, the market is poised for substantial growth, ensuring optimal conditions for crop cultivation worldwide.
The market forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Agricultural Ventilation Fans Market Scope |
|
Market Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.75% |
Market growth 2023-2027 |
USD 429.56 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.65 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, India, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbi Aerotech B.V., American Coolair Corp., Americraft Mfg Co. Inc., Calder Machine Co., Canarm Ltd., Continental Fan Manufacturing Inc., ebm papst Mulfingen GmbH and Co. KG, J and D Manufacturing, Maico Ventilation Pvt. Ltd., Markair Components Pty Ltd., Maxx Air, Multi Wing America Inc., Osborne Industries Inc., Patterson Fan Co., Pinnacle Climate Technologies, S and P SISTEMAS DE VENTILACION S.L.U., The New York Blower Co., TPI Corp., Vostermans Ventilation B.V, and ZIEHL ABEGG SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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