Report ID: UCMIG20H2012
Report ID:
UCMIG20H2012 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for agricultural ventilation fans was valued at USD 540.7 million in 2019; from 2020 to 2027, it is anticipated to rise at a CAGR of 10.9%. Due to the growing popularity of indoor farming techniques, there has been a growth in the need for agricultural ventilation fans in recent years. The demand for urban agriculture practises has increased as a result of the growing world population and shifting climatic patterns; these practises frequently call for controlled environments like greenhouses and vertical farms.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural & Farm Machinery by segment aggregation, the contribution of the Agricultural & Farm Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20H2012