Authored By: Sarah
11 Jul 2024

 Portable Fan Market Size to grow by USD 927.81 million between 2024-2028

According to a research report “ Portable Fan Market” by Type (Table fan, Pedestal fan, Tower and handheld fan) Application (Residential, Commercial, Industrial) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 927.81 million, at a CAGR of  5.46% during the forecast period. The global portable fan market is experiencing significant growth due to the economical supply chain structure. Portable fans, including stand, wall, and table models, are affordable and widely used home appliances. Manufacturers source raw materials, such as steel sheets, enameled copper wires, ball bearings, steel rods, blades, and winding wires, from a vast supplier base. Bulk purchases allow for lower material costs, translating to reduced production expenses and ultimately, competitive pricing for portable fans. This cost-effective manufacturing process is a key factor fueling market expansion.

Browse market data tables, figures, and in-depth TOC on “Portable Fan Market” by Type (Table fan, Pedestal fan, Tower and handheld fan) Application (Residential, Commercial, Industrial) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Type, the Table fan segment is projected to dominate the market size in 2024

In the portable fan market, the residential segment dominates due to the expanding product offerings within this sector, including stand, wall, and table fans. The demand for compact and portable fans in electrical appliances for residential applications, such as apartments, nursing homes, schools, and buildings, is surging. The global trend towards energy-efficient and effective cooling solutions is driving the increased adoption of portable fans, leading to substantial expansion in the global portable fan market over the forecast period.

By Application, Residential  segment is expected to hold the largest market size for the year 2024

The table fan market segment, specifically the type segment, is projected to experience significant growth during the forecast period. Table fans, known for their portability and compact design, are ideal for cooling small spaces such as offices, bedrooms, and homes. Major vendors in this market include Orient, Bajaj Electricals, and Crompton, who offer a diverse range of table fan models. Product innovation, particularly the development of bladeless fans, is a key growth driver. These fans provide enhanced safety features, easy maintenance, and increased airflow, which is up to 15 times more than traditional blade fans. The increasing demand for convenient household appliances is fueling the adoption of bladeless table fans, ultimately propelling the growth of the table fan market segment.

APAC is forecasted to hold the largest market size by region in 2024

The portable fan market in the Asia-Pacific (APAC) region is projected to experience robust growth during the forecast period. Key drivers fueling this expansion include the substantial rise in disposable income among individuals, the cost-effective supply chain of portable fans, the escalating demand for luxury fans, and the introduction of innovative products. Notable consumers of portable fans in APAC include India, the Philippines, Vietnam, and China. The trend of investing in high-end portable fans has gained traction in recent years, significantly boosting the demand for premium fan offerings in the region.

The Portable Fan Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ACOAIRCOMFORT
  • Bajaj Electricals Ltd.
  • Crompton Greaves Consumer Electricals Ltd.
  • Dyson Group Co.
  • Easyacc
  • Global Product Resources Inc.
  • Havells India Ltd.
  • Honeywell International Inc.
  • Lasko Products LLC
  • Newell Brands Inc.
  • O2Cool LLC
  • Orient Electric Ltd
  • Pauls Fan Co.
  • Stadler Form Aktiengesellschaft
  • Suiden Co. Ltd.
  • Travelon Inc.
  • V Guard Industries Ltd.
  • Vornado Air LLC
  • Westinghouse Electric Corp.
  • Xiaomi Communications Co. Ltd.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The portable fan market encompasses a range of fans designed for mobility and convenience, including bladeless fans, remote-controlled fans, hassock fans, pedestal fans, desk/table fans, dual window fans, window box fans, battery-operated fans, cord-connected fans, tower fans, table fans, clip-on fans, and handheld models. Materials used in portable fans vary from plastic to metal, making them suitable for both indoor and outdoor use. Rapid urbanization and increasing temperatures have fueled demand in the industrial, commercial, and residential markets. The battery-operated fans segment, which includes portable and personal portable fans, has gained popularity due to their portability and ability to operate without a power source. Outdoor activities and adjustable fan speeds are key features driving sales, with some models offering USB connections and rechargeable batteries for added convenience. Desk fans and clip-on fans are popular choices for residential use, while tower fans and dual window fans cater to larger spaces. Materials used in portable fans have evolved to include lightweight and durable materials, making them a versatile portable cooling solution. The market is expected to continue growing as consumers seek efficient and affordable cooling options.

Market Research Overview

The portable fan market is an imminent investment pocket as the demand for handy portable devices increases. With the rise of smartphones and other electronic gadgets, the need for noiseless operation fans during outdoor activities such as hiking, camping, and traveling has become essential. Aerodynamically designed, bladeless fans from brands like Orient Bladeless, Acofanworks, and Orient Electric have gained popularity due to their ease of cleaning and modern look. The market offers various types of portable fans, including rechargeable fans, battery-operated fans, cord-connected fans, and solar-powered fans that utilize renewable resources. However, battery issues can be a constraint for some consumers. Segmentation includes handheld fans, desk/table fans, tower fans, dual window fans, window box fans, and remote-controlled fans. Materials used in manufacturing facilities, such as plastic shells or metal shells, impact product quality. The industrial, commercial, and residential markets all contribute to the growth of the portable fan market. Hot climates and personal comfort drive the demand for adjustable fan speeds, USB connections, and rechargeable batteries. Energy-efficient and environmentally friendly options, such as battery-operated fans and handheld models, are increasingly preferred for travel and outdoor activities. Rapid urbanization and the convenience they offer make portable fans a must-have in today's world.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document