With surging population and rapid urbanization, the availability of fertile land is falling sharply, thereby fueling the requirement for urban farming methods that can enable the efficient and judicious use of the available land. Additionally, urban agriculture massively increases food security, as large volumes of organic food items can be grown easily. As ventilation fans are used for providing a controlled environment, which is required in indoor farming processes, the growing popularity of urban farming practices is pushing up the requirement for agricultural ventilation fans.
Apart from the aforementioned factor, the increasing production of genetically modified (GM) crops is also driving the growth of the agricultural ventilation fans market. Depending on product, the market is divided into duct fans, portable fans, exhaust fans, and circulation fans. Amongst these, the exhaust fans category is predicted to exhibit the fastest growth in the market throughout the forecast period.