NEW YORK, March 11, 2022 /PRNewswire/ -- The electric fans market is expected to grow by USD 2.06 billion from 2019 to 2024, at a CAGR of 3% as per the latest market report by Technavio. Also, the market recorded a 2.30% Y-O-Y growth rate in 2020.
For more insights on the electric fans market - View FREE sample report in MINUTES
Read the 120-page report with TOC on "Electric Fans Market Analysis Report by Product (Ceiling fans, Floor fans, and Wall-mounted fans) and Geographic Landscape (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/electric-fan-market-industry-analysis
Electric Fans Market - Drivers & Challenges
The rising demand for premium fans is one of the significant factors driving the growth of the electric fan market. This increasing demand for premium fans can be attributed to their high-performance efficiency and visual appeal. Vendors have been offering a wide range of premium fans, including designer fans and underlight ceiling fans, which are energy efficient. A few vendors also offer luminaire fans with light sources and multipurpose light fixtures that further enhance the aesthetics of a room. The rising demand for such premium fans will fuel the growth of the electric fan market during the forecast period.
However, the increased use of air conditioners across the world is one of the major factors expected to hamper the growth of the global electric fans market during the forecast period. A significant increase in the disposable income of consumers in developed countries has a huge impact on the adoption of air conditioners. Many developed countries have varied climatic conditions and have extremely low- or high-temperature zones. Due to the climatic conditions, developed countries are using air conditioners as these machines are equipped with temperature control functionalities, which enable them to function as coolers and air conditioners. The multifunctional properties of air conditioners and major lifestyle changes are driving the switch from electric fans to air conditioners.
To know about more drivers & challenges -Download a free sample now!
Some of key Electric Fans Players:
The electric fans market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Electric Fans Market - Segmentation Analysis
Product Outlook (Revenue, USD bn, 2019-2024)
Geographic Landscape Outlook (Revenue, USD bn, 2019-2024)
To gain further insights on the market contribution of various segmentsGrab an Exclusive FREE Sample Report
Related Reports:
Electric Fans Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2020-2024 |
USD 2.06 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.30 |
Performing market contribution |
APAC at 41% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Delta T LLC, Emerson Electric Co., Havells India Ltd., Hunter Fan Co., Orient Electric Ltd., Panasonic Corp., Phillips Lighting & Home, and Westinghouse Electric Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1. Executive Summary
2. Scope of the report
2.1 Preface
Exhibit 11: Years in consideration
2.1.1 Market definition
2.2 Preface
2.2.1 Objectives
2.2.2 Notes and caveats
Exhibit 12: Vendor key offerings
2.3 Currency conversion rates for US$
Exhibit 13: Currency conversion rates for US$
3. Market landscape
3.1 Market ecosystem
3.1.1 Parent market
Exhibit 14: Global household appliances market
Exhibit 15: Segments of global household appliances market
3.2 Market characteristics
Exhibit 16: Market characteristics
Exhibit 17: Market characteristics analysis
3.3 Market segmentation analysis
Exhibit 18: Market segments
3.4 Value chain analysis
4. Market sizing
4.1 Market definition
Exhibit 19: Market definition - Inclusions and exclusions checklist
4.2 Market sizing 2019
Exhibit 19: Market size 2019
4.3 Market size and forecast 2019-2024
Exhibit 21: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 22: Global market: Year-over-year growth 2020-2024 (%)
4.4 Market outlook
5. Five forces analysis
Exhibit 23: Five forces analysis 2019
Exhibit 24: Five forces analysis 2024
5.1 Bargaining power of buyers
Exhibit 25: Bargaining power of buyers
5.2 Bargaining power of suppliers
Exhibit 26: Bargaining power of suppliers
5.3 Threat of new entrants
Exhibit 27: Threat of new entrants
5.4 Threat of substitutes
Exhibit 28: Threat of substitutes
5.5 Threat of rivalry
Exhibit 29: Threat of rivalry
5.6 Market condition
Exhibit 30: Market condition - Five Forces 2019
6. Market segmentation by product
Market segmentation by product
Exhibit 31: Product - Market share 2019-2024 (%)
Comparison by product
Exhibit 32: Comparison by product
Exhibit 33: Comparison_3
Ceiling fans - Market size and forecast 2019-2024
Exhibit 34: Ceiling fans - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: Ceiling fans - Year-over-year growth 2020-2024 (%)
Floor fans - Market size and forecast 2019-2024
Exhibit 36: Floor fans - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: Floor fans - Year-over-year growth 2020-2024 (%)
Wall-mounted fans - Market size and forecast 2019-2024
Exhibit 38: Wall-mounted fans - Market size and forecast 2019-2024 ($ millions)
Exhibit 39: Wall-mounted fans - Year-over-year growth 2020-2024 (%)
Market opportunity by product
Exhibit 40: Market opportunity by product
7. Customer landscape
Exhibit 41: Customer landscape
Exhibit 42: Customer landscape analysis
8. Geographic landscape
Geographic segmentation
Exhibit 43: Market share by geography 2019-2024 (%)
Geographic comparison
Exhibit 44: Geographic comparison
Exhibit 45: Comparison_5
APAC - Market size and forecast 2019-2024
Exhibit 46: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 47: APAC - Year-over-year growth 2020-2024 (%)
Europe - Market size and forecast 2019-2024
Exhibit 48: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 49: Europe - Year-over-year growth 2020-2024 (%)
North America - Market size and forecast 2019-2024
Exhibit 50: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 51: North America - Year-over-year growth 2020-2024 (%)
South America - Market size and forecast 2019-2024
Exhibit 52: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 53: South America - Year-over-year growth 2020-2024 (%)
MEA - Market size and forecast 2019-2024
Exhibit 54: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 55: MEA - Year-over-year growth 2020-2024 (%)
Key leading countries
Exhibit 56: Key leading countries
Exhibit 57: Country_Legend_16
Market opportunity
Exhibit 58: Market opportunity
9. Decision framework
Exhibit 59: Decision framework
10. Drivers and challenges
Market drivers
Market challenges
Exhibit 60: Impact of drivers and challenges
11. Market Trends
Increasing product innovations
Growing emphasis on eco-friendly fans
Rising demand for customized fans
12. Vendor landscape
Overview
Exhibit 61: Vendor landscape
Landscape disruption
Exhibit 62: Landscape disruption
Exhibit 63: Vendor landscape analysis
Competitive scenario
13. Vendor analysis
Vendors covered
Exhibit 64: Vendors covered
Exhibit 65: Vendor_analysis1
Vendor classification
Exhibit 66: Vendor classification
Market positioning of vendors
Exhibit 67: Market positioning of vendors
Bajaj Electricals Ltd.
Exhibit 68: Bajaj Electricals Ltd. - Vendor overview
Exhibit 69: Bajaj Electricals Ltd. - Business segments
Exhibit 70: Bajaj Electricals Ltd. - Organizational developments
Exhibit 71: Bajaj Electricals Ltd. - Geographic focus
Exhibit 72: Bajaj Electricals Ltd. - Segment focus
Exhibit 73: Bajaj Electricals Ltd. - Key offerings
Crompton Greaves Consumer Electricals Ltd.
Exhibit 73: Crompton Greaves Consumer Electricals Ltd. - Vendor overview
Exhibit 74: Crompton Greaves Consumer Electricals Ltd. - Business segments
Exhibit 75: Crompton Greaves Consumer Electricals Ltd. - Organizational developments
Exhibit 76: Crompton Greaves Consumer Electricals Ltd. - Segment focus
Exhibit 77: Crompton Greaves Consumer Electricals Ltd. - Key offerings
Delta T LLC
Exhibit 78: Delta T LLC - Vendor overview
Exhibit 79: Delta T LLC - Product segments
Exhibit 80: Delta T LLC - Key offerings
Emerson Electric Co.
Exhibit 81: Emerson Electric Co. - Vendor overview
Exhibit 82: Emerson Electric Co. - Business segments
Exhibit 83: Emerson Electric Co. - Organizational developments
Exhibit 84: Emerson Electric Co. - Geographic focus
Exhibit 85: Emerson Electric Co. - Segment focus
Exhibit 86: Emerson Electric Co. - Key offerings
Havells India Ltd.
Exhibit 87: Havells India Ltd. - Vendor overview
Exhibit 88: Havells India Ltd. - Product segments
Exhibit 89: Havells India Ltd. - Organizational developments
Exhibit 90: Havells India Ltd. - Geographic focus
Exhibit 91: Havells India Ltd. - Segment focus
Exhibit 92: Havells India Ltd. - Key offerings
Hunter Fan Co.
Exhibit 93: Hunter Fan Co. - Vendor overview
Exhibit 94: Hunter Fan Co. - Business segments
Exhibit 95: Hunter Fan Co. - Organizational developments
Exhibit 96: Hunter Fan Co. - Key offerings
Orient Electric Ltd.
Exhibit 97: Orient Electric Ltd. - Vendor overview
Exhibit 98: Orient Electric Ltd. - Business segments
Exhibit 99: Orient Electric Ltd. - Organizational developments
Exhibit 100: Orient Electric Ltd. - Geographic focus
Exhibit 101: Orient Electric Ltd. - Segment focus
Exhibit 102: Orient Electric Ltd. - Key offerings
Panasonic Corp.
Exhibit 103: Panasonic Corp. - Vendor overview
Exhibit 104: Panasonic Corp. - Business segments
Exhibit 105: Panasonic Corp. - Organizational developments
Exhibit 106: Panasonic Corp. - Geographic focus
Exhibit 107: Panasonic Corp. - Segment focus
Exhibit 108: Panasonic Corp. - Key offerings
Phillips Lighting & Home
Exhibit 109: Delta T LLC - Vendor overview
Exhibit 110: Delta T LLC - Product segments
Exhibit 111: Delta T LLC - Key offerings
Westinghouse Electric Corp.
Exhibit 112: Westinghouse Electric Corp. - Vendor overview
Exhibit 113: Westinghouse Electric Corp. - Product segments
Exhibit 114: Westinghouse Electric Corp. - Organizational developments
Exhibit 115: Westinghouse Electric Corp. - Key offerings
14. Appendix
Research methodology
Exhibit 116: Research framework
Exhibit 117: Validation techniques employed for market sizing
Exhibit 118: Information sources
List of abbreviations
Exhibit 119: List of abbreviations
Definition of market positioning of vendors
Exhibit 120: Definition of market positioning of vendors
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article