Agricultural Fans Market Size, Latest Trends, Major Companies, Distribution Channels, Regions, COVID-19 Impact and Growth Forecast Report, 2030

0

Asia-Pacific region is expected to be the fastest growing agricultural fan market during the forecast period. This can be attributed to the fact that the region is home to some of the most populous countries in the world, including China and India, which constitute a massive consumer base of food and dairy products, as well as a strong economic dependence on -screw of agriculture.

The Government of Western Australia’s Department of Primary Industries and Regional Development says GM crops were grown on 189.8 million hectares of land in 2017 globally. The United States Food and Drug Administration (USFDA) estimates that 94% of all planted soybeans, 94% of all planted cottons, and 92% of all planted corn in the United States were genetically modified organism variants ( GMOs) in 2018. The increasing production of GM crops, due to the high profit margins associated with them, will drive the large-scale deployment of agricultural ventilators for the foreseeable future.

In addition, the growing public interest in urban agriculture practices, due to the decreasing availability of large areas of arable land, will encourage Agricultural Fan Market Growth over the forecast years (2021-2030). According to P&S Intelligence, the market generated $600 million in revenue in 2020. The scarcity of large areas of arable land may be mainly due to the population explosion and accelerating rate of urbanization. According to the World Bank, the global urban population stood at 4.28 billion in 2019, and it reached 4.358 billion in 2020.

In recent years, the agrarian community has preferred circulating fans to portable fans, duct fans, and exhaust fans. The widespread deployment of circulation fans can be attributed to the cooling and ventilation they provide in barns. These fans are also used to maintain the temperature in greenhouses. In the coming years, exhaust fans will also be used in large quantities as their primary purpose is to remove odors from barns.

Browse the detailed report on Agricultural Fans Market Growth Analysis, Opportunities, Developments and Forecast to 2030

The application segment of the Agricultural Ventilation Fan market is categorized into Dairy/Livestock, Greenhouse, Equine and Others. In this segment, the dairy/livestock category is expected to show the fastest growth over the forecast period as exhaust and ventilation fans help to remove livestock fumes and odor. Good ventilation helps improve overall animal health. For this reason, the category is also expected to generate the highest revenue over the forecast years.

Currently, agricultural fan producers engage in product launches to meet the needs of the agricultural community. For example, American Coolair Corp. has created a new fan with a high density polyethylene (HDPE) cone. As HDPE is a high strength thermoplastic polymer, the AMC FGBC52-PC is a cost effective option for ventilating farm buildings with an interior wall damper. Other companies introducing new variations of these products are AirMax Fans, Bigass Fans (Delta T LLC), ebm-papst, Multi-Wing America Inc., New York Blower Company, and QC Supply.

Globally, the Asia-Pacific region is expected to register the fastest growing agricultural fan market throughout the forecast period. This will be due to skyrocketing per capita income, growing need for transgenic crops and booming food demand, due to the booming population, in the region. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) projects that the population of the APAC region will increase from 4,614,465,000 in mid-2019 to 5,215,489,000 in mid-2050.

Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/agricultural-ventilation-fan-market/report-sample

Therefore, the increasing yield of GM crops and the growing shift towards urban farming practices will create a massive need for agricultural fans in the years to come.

Agricultural Fans Market Size Breakdown by Segments

By product

  • Circulation fans
  • Duct fans
  • Exhaust fans
  • portable fans
  • Others

By app

  • Dairy/livestock
  • Equine
  • Tight
  • Others

By region

  • North America Agricultural Ventilation Fan Market
    • By product
    • On demand
    • By country – United States and Canada
  • Agricultural Fans Market in Europe
    • By product
    • On demand
    • By country – Germany, France, UK, Italy, Spain and rest of Europe
  • Asia-Pacific Agricultural Fans Market
    • By product
    • On demand
    • By Country – Japan, China, India, Australia, South Korea and Rest of APAC
  • Agricultural Ventilation Fans Market in Latin America
    • By product
    • On demand
    • By country – Brazil, Mexico and rest of LATAM
  • Middle East and Africa Agricultural Fans Market
    • By product
    • On demand
    • By Country – Saudi Arabia, South Africa and Rest of MEA

Browse more reports

Agricultural Adjuvants Market – The growth of the agricultural adjuvants market is driven by rising investments in the agricultural industry and growing demand for agrochemicals. These factors are expected to drive the market at a CAGR of 5.5% during the forecast period 2020-2030.

Agricultural Micronutrients Market – Geographically, the agricultural micronutrients market was dominated by the Asia-Pacific region during the historic period, and the region is further expected to grow at the fastest rate during the forecast period.

Media Contact
Company Name: P&S intelligence
Contact: Abhishek
E-mail: Send an email
Call: +918887787886
Address:Noida Sector 2
City: Noida
State: AT THE TOP
Country: India
Website: https://www.psmarketresearch.com/market-analysis/agricultural-ventilation-fan-market

Share.

Comments are closed.