Global Electric Fan Market Focusing on Trends and Innovations during the Forecasted Period


Posted July 5, 2022 by maryjoseph

The increasing tendency of frequent interior renovations among the developing regions is expected to drive the market with a CAGR of over 4% through the forecasted period.
 
The Industry insights of the report “Global Electric Fan Market Outlook, 2026” helps with the successful launch of a new product. This market report efficiently collects, analyzes, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.

Growing urbanization in emerging economies is promoting the establishment of new residential buildings. Coupled with this, the increasing tendency of frequent interior renovations among the developing regions is expected to drive the market with a CAGR of over 4% through the forecasted period. Apart from this, the hike in disposable income among the young population and the increase in the global temperature is to be cited as the major contributor to the market growth. In terms of volume, the market is expected to grow over a difference of 84.74 Million Units from the year 2020 till the end of the forecasted period. As the governments in the developing economies have been working on providing shelters to low-income groups, the household application of the electric fan had witnessed growth to over 70% of the market in 2020. Growth in commercial real estate, hospitality, and retail sectors and a need for cost-cutting which leads to a reduction in the use of air conditioners are to drive the commercial end user segment for the fan. Moreover, large-sized electric fans are an economically feasible option to ventilate a big space with a large number of people such as warehouses & factories, when compared to ACs. Thus by the end of the forecasted period, the market is expected to grow with an anticipated CAGR of 5.21%.

Today, the electric fan market can be broadly classified into four major categories of ceiling fan, wall mount, table or desk, standing fans, and others including exhaust fans, cabinet fans, misting fan, and industrial fans, to name a few. Long gone are those days when a fans only job was to produce some airflow in the room. Todays fans are while being extremely aesthetically appealing, equipped with modern technologies that enable them to be very functional while being equally efficient. The global fan market is dominated by the ceiling fan type, which accounts for over 45% of the global market throughout. Among the major segments of the electric fan, the standing floor fan segment is to show the lowest market value difference, expected to reach a value of USD 2.30 Billion by the end of the forecasted period. With the characteristics of saving the floor space, circulate air conditioning, and add instant evaporative air movement, the wall-mounted fan segment is expected to grow with the highest anticipated CAGR of 4.38%. The segment of desk/ table fan has gained immense popularity post the Covid outbreak, where employees working from home demanded a cost-effective and nonspace consuming ventilation option.

Globally, Panasonic Corporation, Emerson Electric, and Westinghouse Electrics are the top 3 companies, which barely put up to 6.32% of the market. Other key players in the market include Hunter Fan, Crompton, Shell Electric MFG Co. Ltd, Big Ass Fans, Minka Lighting, Orient Electric, Henley Fan, Fantasia, Midea Group, Singfun Fans, Usha International Limited, and others, including the unorganized players in Asian countries like China & India.

ASPECTS COVERED IN THE REPORT:

• Market Size By Value for the time period (2015-2026F)
• Market Size By Volume for the time period (2015-2026F)
• Market Share by Type ( Ceiling, Wall Mount, Desk/ Table, Floor, Standing & others)
• Market Share by Application (Household & Commercial)
• Market Share by Region
• Market Share by Country
• Market Share by Company

REGIONS COVERED:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Owning our reports will help you solve the following issues:

1. What is the market size and forecast of Global Electric Fan Market?
Our research and insights help our clients to foresee upcoming market size and forecast.

2. What are the inhibiting factors and impact of COVID-19 shaping Global Electric Fan Market?
Our research and analysis help our clients to see how COVID-19 has impacted the industry. This allows our clients to invest or divest their resources.

3. Which region outstands in the Global Electric Fan Market?
Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments.
4. Which are the segments to invest in over the forecast period in the Global Electric Fan Market?
Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years.

5. What is the competitive strategic window for opportunities in Global Electric Fan Market?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.

6. What are the technology trends and regulatory frameworks in Global Electric Fan Market?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.

7. What are the major companies in the Global Electric Fan Market?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.

Table of Contents Covered In This Global Electric Fan Market:

Table of Contents
1. Executive Summary
2. Report Methodology
3. Global Electric Fan Market Outlook
3.1. Market Size
3.1.1. By Value
3.1.2. By Volume
3.2. Market Share
3.2.1. By Type
3.2.2. By Application
3.2.3. By Region
3.2.4. By Country
3.2.5. By Company
4. Global Ceiling Fan Outlook
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share
4.2.1. By Type
4.2.2. By Application
4.2.3. By Fan Size
4.2.4. By Sales Channel
4.2.5. By Region
4.2.6. By Country
5. North America Electric Fan Outlook
5.1. Market Size
5.1.1. By Value
…. continue

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Regional Reports:
Asia Pacific Fan Market
Middle-East & Africa Fan Market


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Contact Email [email protected]
Issued By Bonafide Research
Country India
Categories Blogging
Tags share , size , trends
Last Updated July 5, 2022