Global agri ventilation fans market size to hit $1.3B by 2027
The market is expected to expand at a CAGR of 10.9 per cent from 2020 to 2027
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The 'Agricultural Ventilation Fans Market Size, Share & Trends Analysis Report' by Product, by Application (Dairy/Livestock, Equine, Greenhouse), by Region, and Segment Forecasts, 2020-2027" report is recently added by ResearchAndMarkets.com's.
The global agricultural ventilation fans market size is anticipated to reach USD 1.3 billion by 2027. The market is expected to expand at a CAGR of 10.9 per cent from 2020 to 2027.
The growing awareness among growers regarding the importance of air circulation in indoor farming is one of the major factors driving the market. Ventilation and air circulation are of key factors in agricultural environments for regulating heat pressure and controlling odor. The heat pressures during the summers can have a detrimental effect on the animals, including cows, hog, pig and other poultry, affecting the productivity and the quality of the produce.
Air quality is a crucial factor for maintaining the health of livestock or cattle. The agriculture ventilation system helps keep the agriculture environment clean and safe by maintaining the desired temperature, keeping humidity in balance, and removing harmful particles and gases from the air.
The agricultural vent system is a prerequisite in indoor farming due to the continuously changing climatic conditions globally. Indoor farming is expected to witness a CAGR of 9.2 per cent over the next five years.
These fans help ensure proper air exchange from inside to outside and vice versa, resulting in effective air movement and cooling.
Agricultural Ventilation Fans Market Report Highlights
- The market is anticipated to witness substantial growth during the forecast period due to the growing popularity of indoor farming practices among growers.
- 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.