19-Oct-2021 | Facts and Factors
The primary participants of the global agricultural ventilation market comprise Medtronic plc, Fisher & Paykel Healthcare Corporation Limited, Drägerwerk AG & CO. KGAA, Nihon Kohden Corporation, Getinge AB, Asahi Kasei Corporation, Air Liquide, Vyaire Medical Inc, GE Healthcare, Hamilton Medical amongst others. These players are set to foster the development of the Agricultural Ventilation Market in the years to come
As per analysts at Facts and Factors, the global agricultural ventilation market was capitalized at USD 680.56 Million in 2020 and is likely to cross USD 1,440.20 Million in 2028, developing at a CAGR of 9.8% from 2021 to 2028.
Increasing demand for exotic fruits and vegetables that have elevated the need for a controlled environment boosting the agricultural ventilation market in the years to come
As per analysts at Facts and Factors the increase in the demand for exotic fruits and vegetables such as zucchini, broccoli, red cabbage, red and yellow capsicum, and fruits like the spiky dragon fruit, which is estimated to create a huge demand within the production side, as India is one of the major consumers of fruits and vegetables. Supported by this trend, farmers are also on the path of cultivating these crops to meet the untapped demand.
Browse the full report “Agricultural Ventilation Market By Type (Circulation Fans, Duct Fans, Exhaust Fans, Portable Fans, Others) By Application (Dairy/Livestock, Equine, Fairgrounds, Greenhouse, Farm Shop, Others): Global Market Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028” at https://www.fnfresearch.com/agricultural-ventilation-market-by-type-ceiling-fans-circulation-1297
Also, according to the import and export data aggregator the exotic vegetables market is supported by the overall Indian fruits and vegetable market, which reached a volume of almost 322 million metric tons in 2020. The Indian fruits and vegetable industry is further expected to grow. With such demand for exotic fruits and vegetables, there is a growing significance of farming within a controlled environment, creating a colossal demand for agricultural ventilation products.
Presence of Major Players combined with Higher Spending Capabilities on Agricultural Activities to Stimulate Demand for Global Agricultural Ventilation Market in North America.
In the North American region, some companies have already a strong base in countries such as the US, and Canada. The companies in North America are continuously investing to improve the overall business process to meet the untapped demand with superior quality products and services. Moreover, the adoption of vertical farming is also increasing and vertical farming the crops such as tomatoes, peppers, eggplants, leafy greens, herbs, and various others are widely adopted in North America for the past two decades. Also, the region is always a forerunner when it comes to technological advancement. Thus, the rising technology and advancements in vertical farming are allowing the farmers in North America to expand their operations. As the agricultural ventilation fan plays a role of vital supplement for vertical farming by helping to maintain climatic conditions for farms, is expected to propel growth for the region.
Furthermore, the consumption of healthy and leafy vegetables in the Asia Pacific has remained the same covering a good percentage. Additionally, leafy green plants can be grown rapidly using small spaces, and the growing concerns in the direction of food safety and nutrition are anticipated to drive the demand for leafy greens during the forecast period leading to an increase in consumption of indoor farming, further propelling the growth of the Agricultural Ventilation Market.
The global agricultural ventilation market is segmented as follows:
- Circulation Fans
- Duct Fans
- Exhaust Fans
- Portable Fans
- Farm Shop
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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