Press release
Agricultural Ventilation Fans Market Will be Dominated by the APAC Region in Future
Agricultural ventilation fans market is a growing at a rapid pace. The major reasons behind the growth of this industry are rising demand for fruits and flowers, exotic vegetables, growing indoor farming practices, climate change, rising acceptance of urban agricultural practices, and increasing population around the world.Based on product type, The circulation fans category held the largest share in recent past. The main reason for the dominance of this category is, the increasing adoption of these fans for colling purposes, along with ventilation in livestock barns. In addition, such fans are also used to maintain the temperature in greenhouses.
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The APAC region is projected to show the fastest growth in the agricultural ventilation fans market in the coming years. The major reasons behind the growth of this industry are, the growing purchasing power of people in this region and rising demand for transgenic crops.
Moreover, as the population is increasing the requirement for food supply will also grow, which will eventually increase the sales of advanced tools for agriculture, thus contributing to the growth of the industry.
Greenhouses are mainly used for providing favorable growing conditions and protecting crops from unfavorable weather conditions and pesticides. The rapid acceptance of GM crops provides several benefits to both small and large farmers in developed and developing countries that are commercially growing these crops.
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Mainly India, Philippines and Thailand are observing the growing demand for such crops. For example, upgraded variant of golden rice, which has beta-carotene and is tested in Bangladesh and Philippines.
With the increasing population, demand for fruits and flowers, exotic vegetables, growing indoor farming, and green houses are rising, the need for Agricultural ventilation fans will grow to meet the requirement in the near future.
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