Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global agricultural ventilation fans market. In addition, complete analysis of changes on the global agricultural ventilation fans market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The key factor propelling the growth of agricultural ventilation fans market is such as continuous rise in indoor farming practices has surged the demand for agriculture ventilation fans. Besides, 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. Likewise, increasing demand for various dairy, poultry, livestock has propelled the market growth to huge extend worldwide. For instance, ventilation in poultry farm house is one of the major aspect for keeping chicken healthy, in order to reduce breathing problems in birds and achieve higher productivity and operational profits. Thereby the market is likely to witnessing increasing opportunities in different agriculture application during the estimated time period.
The major opportunity for agricultural ventilation fans market is governments of different developing countries are investing in the farming sector to develop their overall economy. This could create new opportunity in the overall agricultural ventilation fans market. With 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. This factors are expected to drive the market growth and create new growth opportunities for the market.
Price fluctuations is one of the key market restraint for the market growth. Agricultural ventilation fans are available in the market with different product ranges. Moreover, many small-scale manufacturers offer this product at a lower price. As a result, bargaining power of buyers is very high. This creates market slowdown for large scale manufacturers of agricultural ventilation fans. This factors is expected to create market restraint.
The key challenge faced by the market will be eluctance to shift from conventional agriculture practices to advanced ones and lack of awareness are expected to obstruct the market growth. Lack of technical knowledge is projected to challenge the agricultural ventilation fans market. 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 report provides in-depth analysis of global agricultural ventilation fans market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various agricultural ventilation fans. Market in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The global agricultural ventilation fans market comprises of different market segment like Product, Application, and Geography.
The different type studied in the global agricultural ventilation fans market are circulation fan, duct fan, exhaust fan , portable fans and others. Circulation fan is likely to have rapid demand for the agricultural ventilation fans market. Circulation fan has register the major market share in 2021 and is expected to witness growth at highest pace during the forecast period (2021-2028). The circulation fans helps to minimize temperature stratification, further improving the temperature uniformly and to conserve energy. The continuous rise in demand for agricultural ventilation fans in end user expanding industries has propel the requirement for agricultural ventilation fans market.
The agriculture ventilation fans market by form includes various segment like dairy live/ stock, equine, greenhouse, others. Greenhouse segment are the major dominating segment in the agriculture ventilation fans market during the estimated time period. Greenhouse segment is driven by Agricultural ventilation fans in greenhouses regulate climatic conditions to improve both the quality and quantity of output. Besides, hot air inside the greenhouses must be replaced with cooler outside air to maintain appropriate temperatures during the summer. Harvesters use ventilation fans to do this, which results in higher crop output than when natural ventilation techniques are used.
The global agricultural ventilation fans market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is likely to gain major market share and maintain its dominance over the estimated time period. The key factor propelling the market demand are The region has significantly gained major share due to the region's growing adoption of technologies such as Controlled Environment-Agriculture (CEA). On the other hand, increasing trend of adopting US-style greenhouse cultivation, the United Kingdom held a substantial share of the European market. Besides, Furthermore, some governments and agencies in various nations have taken steps to develop indoor farms in order to address issues such as population growth, food production, and climate change this expected to propelled the market growth. Whereas Asia Pacific is expected to witness the growth at highest pace during the estimated time period.
The competitive landscape analysis of agricultural ventilation fans market is certainly based range of market players operating in the healthcare market with increasing demand for production of agricultural ventilation fans market. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are AirMax Fans (United States), American Coolair Corp (United States), Bigass Fans (Delta T, LLC) (United States), Multi-Wing America, Inc. (United States) , OSBORNE INDUSTRIES INC. (United States), QC Supply (Netherlands), , Schaefer (India), Vostermans Ventilation (Netherlands), New York Blower Company (United States), ebm-papst (German)
October 2020: American Coolair Corp. developed a new fan with a high-density polyethylene (HDPE) cone. HDPE is a high-strength thermoplastic polymer, which is lighter than traditional fiberglass. As a result, the AMC FGBC52-PC is an economical option for ventilating agricultural buildings when paired with an interior wall shutter.
Agricultural ventilation fans are used to keep the humidity, temperature, and carbon dioxide levels in the indoor environment at a minimum. They also improve fruit and vegetable growth while preventing mould and fungus from growing on plant surfaces. In addition, throughout the summer, the device reduces heat and humidity by creating a wind and forcing cool air through the building. Agricultural ventilation fans, on the other hand, prevent dangerous gas collection, as well as odour and toxin accumulation, while also providing good ventilation for livestock during the winter months. In regions with arid climates or low water levels, agricultural ventilation fans are in high demand and this is expected to create ample of new growth opportunities for the market over the estimated time period.
The global agricultural ventilation fans market comprises of different market segment like agricultural ventilation fans market. The different type studied in the global agricultural ventilation fans market are circulation fans, duct fans, exhaust fans, and portable fans. The circulation fans helps to minimize temperature stratification, further improving the temperature uniformly and to conserve energy. Circulation fans has register the major market share in 2021 and is expected to witness growth at highest pace during the forecast period (2021-2028). The agricultural ventilation fans market by application includes various segment like live/ stock, equine, greenhouse, others. Greenhouse followed powder are the major dominating segment in the agricultural ventilation fans market during the estimated time period.. The global agricultural ventilation fans market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is likely to gain major market share and maintain its dominance over the estimated time period.
Market Sizing for Year : 2021-2028
1) What are the drivers for agricultural ventilation fans market?
The key driving factors of the market are v such as continuous rise in indoor farming practices has surged the demand for agriculture ventilation fans are propelling the market growth.
2) Which form is expected to dominate in the market?
Circulation fan followed by powder is expected to witness increasing demand for agriculture ventilation fans.
3) Which is the leading application segment for agriculture ventilation fans?
Greenhouse segment has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
4) Which region is gaining majority of market share during the forecast period (2021-2028)?
Europe is expected to gain major market share during the forecast period (2021-2028).
