Authored By: Sarah
08 Mar 2023

Electric Fan Market Size to Grow by USD 3,604.96 Million at a CAGR of 3.96% Between 2022 and 2027

The electric fans market share is estimated to grow at a CAGR of 3.96% between 2022 and 2027. The size of the market is forecast to increase by USD 3,604.96 million. The electric fans market will witness a YOY of 2.68% in 2023. 

“Rising demand for premium fans and rising demand for customized fans will boost the market growth”, says a senior analyst at Technavio. 

Browse Technavio's 162-page report and in-depth TOC on "Electric Fan Market by product (ceiling fans, door fans, and wall-mounted fans), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 15,744.38 million.

View detailed Table of Contents Here:

Electric Fan Market Size to Grow by USD 3,604.96 Million at a CAGR of 3.96% Between 2022 and 2027

The market share growth by the ceiling fans segment will be significant during the forecast period. The growth of this segment is attributed to the increasing use of ceiling fans as decorative appliances and the rising number of product innovations. 

APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Government initiatives for the housing sector, a cost-effective supply chain, the increasing demand for luxury fans, and numerous product innovations will drive the growth of the market in APAC.

Some of the key electric fans market vendors are Luminace Holdings LLC, Aucma Co. Ltd, Crompton Greaves Consumer Electricals Ltd., Delta T LLC, Emerson Electric Co., Fantasia Ceiling Fans, Fantech Pty Ltd., GREE ELECTRIC APPLIANCES INC. OF ZHUHAI, Haier Smart Home Co. Ltd., Havells India Ltd., Hunter Fan Co., Lian Li, Midea Group Co. Ltd., Minka Lighting Inc., Orient Electric Ltd, Panasonic Holdings Corp., Shell Electric Holdings Ltd., The Henley Fan Co. Ltd., Usha International Ltd., and Westinghouse Electric Corp. 

Some of the Vendor Offerings are: The company offers a silent pro noiseless fan that provides 50 percent energy saving with activBLDC technology, thus designed to provide high air delivery with the reduced noise level. The company offers es 6 electric fans in built with Bluetooth handheld remote, mobile application and voice control, thus designed to cool indoor environment. The company offers an elite range of aero-electric fan which is designed with curved blades for better air flow movement and consume 60 percent less electricity than a standard ceiling fan.

Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact on the market in focus. Download the PDF Sample Report 

Key Elements Included in the Electric Fan Market Report: 

  • The electric fans market report covers in-depth information about key vendors and their product offerings. 

  • The key driver, trends and challenges, market opportunities, and the detailed market impact analysis 

  • Five force analysis to analyze the potential of buyers and suppliers and the competitive industry scenario. 

  • Electric fans industry across APAC, Europe, North America, South America, and Middle East and Africa.

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