Agricultural Ventilation Fans Market Share & Trends [2031]

Report Description

Agricultural Ventilation Fans Market Outlook 2031

The global agricultural ventilation fans market size was valued at USD 607.2 Mn in 2022 and is likely to reach USD 1252.1 Mn by 2031, expanding at a CAGR of 10.9% during 2023–2031. The market growth is attributed to the rising demand for indoor farming practices and to help the plants supply the required amount of oxygen they need.

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Introduction

Agricultural ventilation fans are designed for harsh environments that are often found in livestock production. These fans are used to ventilate an industrial or commercial space by providing workers with fresh air in an enclosed area. The growing demand for eliminating greenhouse gases and saving poultry animals from diseases is expected to fuel the demand for these fans.

Agricultural ventilation is used in dairy and other agricultural processes to clean the air quality, humidity, and concentration of harmful gases. Stale air is harmful to the health of animals and humans, and reduces economic performance. Moreover, breeding cattle and livestock need complete air conditioning.

Covid-19

The market report finds that the COVID-19 pandemic severely affected the market, as it disrupts the agricultural system, including the food supply chain, shortage of labor, import-export of food, and others. The freight capacity services for agricultural services were disrupted, owing to the pandemic. The shortage of labor has resulted in limited production of ventilation systems in the market, impeding the market.

During the pandemic, the demand for indoor plant farming increased by nearly 18%. Growing prevalence of indoor farming to reduce the concerns of food shortage is boosting the market.

The Impact of Artificial Intelligence on the Agricultural Ventilation Fans Market

Artificial intelligence has a severe impact on the market, as it automates systems, leading to the quick completion of activities. According to the National Institute of Food and Agriculture, AI and ML-enabled sensors, labor-intensive tasks autonomous robots, and streamlining operations, intelligent systems are some powerful examples of monitoring soil and crops. AI is used to automate the ventilation process based on real-time data, which leads to improved air quality.

Predictive analytics in agriculture helps farmers adapt to climate change by forecasting long-term weather patterns, which is expected to affect crops. Data-driven decision-making helps farmers in taking calculative decisions about what to plant and when to plant them. Thus, the rising use of AI-enabled solutions is projected to boost the market in the forecast period.

Agricultural Ventilation Fans Market Dynamics

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Major Drivers

Rising demand for air quality control to eliminate harmful gases is expected to boost the market. Ventilation fans help manage humidity and eliminate carbon dioxide & ammonia. The fresh air helps in preventing respiratory infections among poultry animals, which is driving the market.

• The 2017 report from the US Department of Agriculture lists nearly 164,099 poultry farmers in the US who sold poultry and eggs.

Thus, the market is expected to register a surge in the demand for ventilation systems, due to the growing number of poultry farms.

Existing Restraints

High cost of ventilation systems and maintenance is expected to hamper the market. Many farmers do not have much money to invest in adopting various equipment for agricultural practices, which is expected to hamper the market.

Additionally, the extreme weather condition is expected to hamper the effectiveness of the ventilation system, thereby restraining the market.

Emerging Opportunities

Growing adoption of technologically advanced solutions in agriculture is expected to create lucrative opportunities for the market players. The integration of smart ventilation systems is expected to revolutionize agricultural practices. Smart ventilation involves the use of sensors and real-time data analysis for optimizing environmental conditions. For instance,

• In November 2021, The National Aeronautics and Space Administration (NASA), launched a new generation of indoor farming.  NASA created the country's first vertical farm by initially introducing these technologies on the ground. Systems for lighting, ventilation, and circulating water were added using off-the-shelf parts. Several crops were planted to test how well they grow in water, without exposure to sunlight or open air.             

Scope of the Agricultural Ventilation Fans Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Product Segment Analysis

On the basis of product, the market is segmented into exhaust fans, circulation fans, portable fans, duct fans, and others. The circulation fans segment is expected to dominate the market. Circulation fans help stabilize air temperature within greenhouses or barns by distributing air. Extreme temperature is expected to have a negative impact on crop health. Additionally, product launches and developments fuel the circulation fans segment.

• For instance, in November 2023, Munters Corporation, a manufacturer of ventilation and climate control systems for agricultural producers, launched the CX 74 circulation fan with Munters Drive G2 MAX, the next generation of EC motor technology. The CX 74 is designed and engineered specifically for the demanding conditions of a modern dairy operation.

The exhaust fans segment is expected to expand at a considerable CAGR during the forecast period. Exhaust fans function by controlling and eliminating unpleasant odors to help animal well-being. It provides overall air ventilation to ensure fresh air in the indoor agricultural process. This factor is anticipated to boost the segment in the forecast period.

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Application Segment Analysis

Based on application, the market is classified as greenhouse, equine, dairy/livestock, and others. The greenhouse gas segment is expected to expand at a significant growth rate during the forecast period. Agricultural ventilation fans are used to reduce greenhouse gases and improve air quality.

Moreover, ventilation systems help reduce condensation by replacing the moist air in homes with outdoor fresh air. Several house ventilation systems include heat recovery systems. Heat recovery systems use the heat in the air to heat the incoming air. This is an essential process to prevent the heat loss from the air. Thus, the above factors are expected to fuel the segment.

The dairy/livestock segment is projected to expand at a considerable CAGR during the forecast period. Ventilation system in livestock helps to reduce the prevalence of diseases, including pneumonia, and maintain a comfortable environment. In dairy, high temperatures are expected to lead to serious diseases, thus, ventilating the poultry animals is an essential process. This factor boosts the segment.

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Regional Analysis

In terms of region, the global agricultural ventilation fans market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Europe is expected to dominate the market. The indoor farming industry in Europe is going through a dynamic phase, with the prevalence of different startups that help in raising funds for their equipment.

Greenhouse air ventilation is an essential procedure in farming, which further contributes to the growth of the regional market. Furthermore, the growing population is another factor that contributes to the regional market growth.

The market in Asia Pacific is expected to register high growth during the forecast period. Growing dairy and livestock in China and India is boosting the market in the region. According to research, the number of cattle and buffalo in China was around 102 million in 2022. Moreover

• According to USDA’s latest Global Agricultural Information Network (GAIN) report, the national cattle herd inventory of India in 2023 is expected to be high at 307.4 million head. This factor is expected to boost the demand for agricultural ventilation fans in the region during the forecast period.

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