Agricultural Ventilation Fans Market Size, Share & Trends Analysis Report By Product, By Application (Dairy/Livestock, Equine, Greenhouse), By Region (North America, Europe, APAC, South America, MEA), And Segment Forecasts, 2020 - 2027

Report Overview

The global agricultural ventilation fans market size was valued at USD 540.7 million in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 10.9% from 2020 to 2027. The demand for agricultural ventilation fans has surged over the last few years due to the continual rise in indoor farming practices. The ever-increasing global population and changing climatic conditions have increased the demand for urban agriculture globally. Benefits offered such as relatively more harvest per unit area and reduced water requirement have been encouraging farmers to adopt indoor farming practices, thereby boosting demand for indoor agriculture ventilation systems. Agricultural ventilation fans help in maintaining an optimum level of humidity, carbon dioxide proportion, and temperature required for the growth of vegetables and plants on indoor farms. It also reduces humidity content on plant surfaces, avoiding mold or fungi development.

The growing demand for exotic vegetables, fruits, and flowers coupled with the uncertain climatic conditions have compelled farmers to cultivate in a controlled environment using ventilation equipment. Furthermore, due to the scarcity of open space for cattle grazing, nowadays, farmers are transforming their farms into greenhouses and thereafter installing agricultural ventilation systems to provide the desired environment inside the greenhouse. Moreover, agricultural ventilation fans are in huge demand in countries with dry climatic or low water levels. In such countries, farmers or harvesters prefer to produce crops vertically as it conserves water used for crop cultivation and regulates the temperature of the room to optimize the nutrient quality and growth of the yield. This, in turn, bodes well for market growth.

Small scale farmers, especially in under-developed and emerging countries, find it challenging to adapt to the advanced agricultural ventilation technologies such as ECplus and Vplus, which help save around 80-85% of energy in dairy/livestock farming. This is primarily due to the lack of awareness, reluctance to shift from conventional agriculture practices to advanced ones, and lack of technical know-how. Further, as indoor farms are primarily located within the populated city areas, the initial cost of setting up the indoor structure and agricultural ventilation system becomes difficult for small-scale farmers. In addition, the reluctance of small-scale farmers to shift to indoor farming techniques is also aided by the fact that the climatic conditions and agricultural land in several regions/countries, including France, Italy, Ukraine, and India are favorable for conventional agricultural practices. The major portion of the land in these countries is already fertile to the extent that the farmers do not feel the need to shift to such advanced farming techniques by investing additional funds. Hence, the number of indoor-grown crops is very low in such regions. Therefore, the high capital investment required coupled with the reluctance of farmers to move towards advanced farming practices pose a challenge to the adoption of indoor farming and hence the demand for agricultural ventilation fans.

The outbreak of COVID-19 has caused disruptions in food supply chains across the globe. In the initial stages of the pandemic, movement restrictions and illness resulted in labor shortages and a reduced supply of raw materials required to produce agricultural ventilation fans. This disruption of the supply chain has further delayed the feed supply. However, the COVID-19 outbreak has also contributed to an upsurge in demand for indoor-grown produce. The ability of indoor farming to address the shortage of food in the COVID-19 pandemic situation and the increasing demand for indoor-grown crops are the factors supporting the demand for agricultural ventilation fans. Also, the advancements in technology leading to the introduction of feature-rich ventilation fans (ex- noise-proof fans) are further expected to drive the market in the forthcoming years.                                   

Product Insights

The circulation fan segment dominated the market and accounted for the largest revenue share of more than 33.0% in 2019. The high share of the segment can be attributed to their increased adoption of the back two-fold feature offered in terms of providing both cooling and ventilation to the open livestock barns. Also, these fans are used to move a high volume of air with low pressure to balance the temperature in greenhouses. Moreover, these fans help distribute warm air generated from the overhead heat systems, during cold seasons. The product segment is further divided into duct fans, exhaust fans, and portable fans.

The exhaust fan segment is expected to emerge as the fastest-growing segment, registering a CAGR of 12.9% from 2020 to 2027. The exhaust fans are one of the most essential components in the mechanical ventilation system as they remove odor and exhalations in the livestock. Also, they help in not only improve the quality of animal life but also contribute to preventing the risk of epidemics and disease in livestock. Therefore, in housing poultry and livestock facilities, these fans work as a driving force that provides necessary air exchange. Furthermore, agricultural ventilation fans such as circulation fans, and exhaust fans combined with other equipment such as humidifiers are increasingly used for creating micro-climates ideal for various cultivations.

Application Insights

The greenhouse segment led the market and accounted for more than 40.0% of the global revenue in 2019. The high share is attributable to the rising demand for vertical and indoor farming for cultivating fruits and vegetables. In greenhouses, climatic conditions are controlled by the agricultural ventilation fans to improve product quality as well as quantity. Further, to maintain optimal temperatures inside the greenhouses during the summer, hot air inside the greenhouse needs to be replaced with cooler outside air. To achieve this, harvesters use ventilation fans, which results in higher crop production as compared to when natural ventilation techniques are employed.

The dairy/livestock segment accounted for the second-largest revenue share of 29.8% in 2019. The segment is expected to emerge as the fastest-growing segment, registering a CAGR of 11.8% from 2020 to 2027. The growth is attributed to the increasing population of livestock in advanced economies such as the U.S., the U.K., China, and Germany. A ventilation fan in dairy/livestock housing helps in maintaining a comfortable and uniform climate for animals. These fans remove the odors, heat, and moisture generated by livestock and refill the oxygen supply by bringing in cooler outside air.

Regional Insights

Europe dominated the agricultural ventilation fans market and accounted for over 30.0% of the global revenue share in 2019. The high share is attributable to the rising adoption of technologies like Controlled Environment-Agriculture (CEA) in the region. The U.K. held a significant share in the European market, owing to the ongoing trend of adopting the U.S-style greenhouse cultivation. Besides, there are several initiatives taken by the governments and agencies of several countries for building indoor farms in a bid to overcome challenges, including increasing population, food production, and climate change.

In Asia Pacific, the market is estimated to register the highest CAGR of 12.5% from 2020 to 2027. The growth is characterized primarily by the combination of factors including rising population, increasing awareness among farmers regarding the need to adopt alternative farming practices, changing consumption patterns of consumers in the region, and growing disfavor for the use of excessive pesticides in fruit and vegetable cultivation. The need to adopt alternative farming practices in the wake of uncertain climatic conditions and rising food demand has resulted in the increasing construction of greenhouses and vertical farms to produce crops, thereby driving the installation of agricultural ventilation fans in the region.

China and India are among the countries with the largest livestock and predominant conventional farming practices. Thus, both these markets offer huge growth opportunities for technology adoption, including ventilation. In addition, several countries in Asia Pacific are benefitted from favorable government policies and subsidies that promote the adoption of indoor farming. For instance, in Japan, more than half of growers have received either subsidy or a loan to establish indoor agriculture operations. This, in turn, is expected to create demand for agricultural ventilation fans.

Key Companies & Market Share Insights

The leading players are focused on expanding their geographic coverage to strengthen their distribution network and expand their customer base. For instance, in March 2018, QC Supply’s partnership with Advanced Feeding Systems to strengthen its distribution channel by serving four new locations is in line with the above strategy. 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. Some of the prominent players in the agricultural ventilation fans market include:

• 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

Agricultural Ventilation Fans Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Grand View Research has segmented the agricultural ventilation fans market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Circulation Fans

  • Duct Fans

  • Exhaust Fans

  • Portable Fans

  • Others

• Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Dairy/Livestock

  • Equine

  • Greenhouse

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • Middle East & Africa