According to the report titled ‘Global Agricultural Ventilation Fans Market Size study, by Product Type (Circulation Fans, Duct Fans, Exhaust Fans, Portable Fans, Others), Application (Dairy/Livestock, Equine, Greenhouse, Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global agricultural ventilation fans market was valued at USD 0.63 billion in 2020 and is expected to grow with a CAGR of 10.9% during 2021-2027, thereby accumulating  USD 1.3 billion by the end of  forecast timeline.
 

Widespread adoption of indoor farming practices, rise in population, and introduction of policies for supporting the farming sector are propelling the global agricultural ventilation fans market expansion.
 

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According to NIPFA, India exported agricultural products worth USD 37.4 billion in 2019. Similarly, as per the report by Statista, Australia received a foreign direct investment of AUD 3.2 billion in 2018, to cater developments in the forestry, agriculture, & fishing sector of the country. Hence, rising international trade, along with investment inflow towards farming are boosting the industry share.
 

For the unversed, agricultural ventilation fans are used to regulate temperature and humidity inside buildings made for agricultural practices to facilitate healthy growth of plants and vegetables. These fans also help in reducing heat and odor in the buildings and replace dank & stale air with fresh air.
 

On the contrary, practice of massive bargaining in the agriculture vertical is a major challenge for businesses operating in this domain.
 

Based on product type, worldwide agricultural ventilation fans market is bifurcated into circulation fans, exhaust fans, duct fans, portable fans, and others. Speaking of application terrain, the market is classified into equine, dairy/livestock, greenhouse, and others.
 

Moving on to geographical spectrum, the key regions considered to understand the industry dynamics are Latin America, North America, Europe, and Asia Pacific. Europe is currently dominating the market share due to increase in usage of technologies like Controlled Environment-Agriculture (CEA), and popularity of greenhouse cultivation.
 

Likewise, the market in Asia Pacific is expected to grow at a fast pace during 2021-2027, owing to population expansion, changing consumption patterns, and necessity for adopting alternative farming practices.
 

The major contenders operating in global agricultural ventilation fans industry are New York Blower Company, American Coolair Corporation, QC Supply LLC, Big Ass Fans Co. (Delta T LLC), SSI SCHAEFER, Osborne Industries Inc., Vostermans Ventilation Inc, AirMax Fans, Multi-Wing America Inc., and ebm-papst Group.