The electric fan market is expected to grow from USD 8 billion in 2022 to USD 17.27 billion by 2032, at a CAGR of 8% during the forecast period 2023-2032.
An electric fan is a device that uses an electric motor to spin the blades to create airflow. When switched on, current passes through the coils, and the hub rotates due to electromagnetic induction, thus spinning the blades. Fans create a flow of air that fulfils multiple purposes like cooling room, people, drying, ventilation, cooling transmissions, machines, gears, venting out toxic byproducts, heating, air conditioning etc. The fans' size and flow direction depend on the type of usage intended for it. They are heavily used in homes and industries. They are further classified into centrifugal and axial flow. The capacities can range from 100 to 500,000 cubic feet per minute.
The population's expanding disposable income has raised the demand for consumer durables. The market has also embraced the expanding innovation in electric fans to boost sales. Reasonable costs complement the increased demand for electric fans, many brands and product choices, and accessibility. Modern electric fans have more features, given the technological advancements and product innovations. New shapes, sizes, materials and colours that have been scientifically proven to offer better service or air circulation are being offered in the market, contributing to the global electric fan market's growth and development in the forecast period. The increasing disposable income and decreasing costs of air conditioners have contributed to their rising demand in the market, which will negatively affect the growth of electric fans.
This study comprehensively analyses the product type, application, distribution channel and region. The type segment includes table fans, ceiling fans, exhaust fans, and pedestal fans. Ceiling fans were the leading type segment in 2022. they are highly effective and affordable means for improving air ventilation. They cool down room temperatures and are also useful for warm air circulation during winter. The effectiveness, accessibility and affordability drive the segment's growth. The application segment includes industrial use, household use, and commercial use. The household use segment was the leading application segment in 2022. these fans are ideal for households, given their compact size, flexibility, choices and prices. The distribution channel includes direct sales, store-based retailing, and non-store-based retailing. The store-based retailing will be the leading distribution channel segment in 2022. retail stores offer a wide variety of products from a range of brands and experts who help consumers choose the product that meets their needs. Their stores have a wide network area, making them accessible to consumers. After-sales services of store-based retailing also contribute to their dominance in the market.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific is leading the regional segment. Due to the region's sizable demography and growing consumer desire for durable products, the Asia Pacific now dominates the electric fan industry. Most of the countries are in tropical regions, which facilitates the demand for cooling systems. Electric fans are affordable and eco-friendly compared to air conditioners which are ideal for the middle-class population of the developing countries in the region.
Some notable players in the electric fan market are Casablanca Fan Company, Crompton Greaves Consumer Electricals Ltd., Fanimation, Inc., Hartzell Fan, Inc., Hunter Fan Company, Inc., Lau Industries, Inc., Minka Lighting, Inc., Monte Carlo Fan Company, Orient Electric Ltd., Westinghouse Electric Corporation etc.
Electric Fan Market Analysis and Forecast, Product Type
Electric Fan Market Analysis and Forecast, Application
Electric Fan Market Analysis and Forecast, Distribution Channel
Electric Fan Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by Distribution Channel
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing demand for consumer durables
5.3. Restraints
5.3.1. The decreasing retail costs of air conditioners
5.4. Opportunities
5.4.1. The technological advancements and product innovations
5.5. Challenges
5.5.1. The growing preference of air conditioners
6. Global Electric Fan Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Table Fans
6.3. Ceiling Fans
6.4. Exhaust Fans
6.5. Pedestal Fans
7. Global Electric Fan Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Industrial Use
7.3. Household Use
7.4. Commercial Use
8. Global Electric Fan Market Analysis and Forecast, By Distribution Channel
8.1. Segment Overview
8.2. Direct Sales
8.3. Store-Based Retailing
8.4. Non-Store-Based Retailing
9. Global Electric Fan Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Electric Fan Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Electric Fan Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Casablanca Fan Company
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Crompton Greaves Consumer Electricals Ltd.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Fanimation Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Hartzell Fan Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Hunter Fan Company Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Lau Industries Inc.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Minka Lighting Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Monte Carlo Fan Company
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Orient Electric Ltd.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Westinghouse Electric Corporation
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
2. Global Table Fans Electric Fan Market, By Region, 2019-2032 (USD Billion)
3. Global Ceiling Fans Electric Fan Market, By Region, 2019-2032 (USD Billion)
4. Global Exhaust Fans Electric Fan Market, By Region, 2019-2032 (USD Billion)
5. Global Pedestal Fans Electric Fan Market, By Region, 2019-2032 (USD Billion)
6. Global Electric Fan Market, By Application, 2019-2032 (USD Billion)
7. Global Industrial Use Electric Fan Market, By Region, 2019-2032 (USD Billion)
8. Global Household Use Electric Fan Market, By Region, 2019-2032 (USD Billion)
9. Global Commercial Use Electric Fan Market, By Region, 2019-2032 (USD Billion)
10. Global Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
11. Global Direct Sales Electric Fan Market, By Region, 2019-2032 (USD Billion)
12. Global Store-Based Retailing Electric Fan Market, By Region, 2019-2032 (USD Billion)
13. Global Non-Store-Based Retailing Electric Fan Market, By Region, 2019-2032 (USD Billion)
14. Global Electric Fan Market, By Region, 2019-2032 (USD Billion)
15. North America Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
16. North America Electric Fan Market, By Application, 2019-2032 (USD Billion)
17. North America Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
18. U.S. Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
19. U.S. Electric Fan Market, By Application, 2019-2032 (USD Billion)
20. U.S. Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
21. Canada Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
22. Canada Electric Fan Market, By Application, 2019-2032 (USD Billion)
23. Canada Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
24. Mexico Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
25. Mexico Electric Fan Market, By Application, 2019-2032 (USD Billion)
26. Mexico Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
27. Europe Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
28. Europe Electric Fan Market, By Application, 2019-2032 (USD Billion)
29. Europe Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
30. Germany Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
31. Germany Electric Fan Market, By Application, 2019-2032 (USD Billion)
32. Germany Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
33. France Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
34. France Electric Fan Market, By Application, 2019-2032 (USD Billion)
35. France Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
36. U.K. Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
37. U.K. Electric Fan Market, By Application, 2019-2032 (USD Billion)
38. U.K. Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
39. Italy Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
40. Italy Electric Fan Market, By Application, 2019-2032 (USD Billion)
41. Italy Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
42. Spain Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
43. Spain Electric Fan Market, By Application, 2019-2032 (USD Billion)
44. Spain Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
45. Asia Pacific Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
46. Asia Pacific Electric Fan Market, By Application, 2019-2032 (USD Billion)
47. Asia Pacific Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
48. Japan Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
49. Japan Electric Fan Market, By Application, 2019-2032 (USD Billion)
50. Japan Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
51. China Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
52. China Electric Fan Market, By Application, 2019-2032 (USD Billion)
53. China Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
54. India Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
55. India Electric Fan Market, By Application, 2019-2032 (USD Billion)
56. India Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
57. South America Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
58. South America Electric Fan Market, By Application, 2019-2032 (USD Billion)
59. South America Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
60. Brazil Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
61. Brazil Electric Fan Market, By Application, 2019-2032 (USD Billion)
62. Brazil Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
63. Middle East and Africa Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
64. Middle East and Africa Electric Fan Market, By Application, 2019-2032 (USD Billion)
65. Middle East and Africa Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
66. UAE Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
67. UAE Electric Fan Market, By Application, 2019-2032 (USD Billion)
68. UAE Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
69. South Africa Electric Fan Market, By Product Type, 2019-2032 (USD Billion)
70. South Africa Electric Fan Market, By Application, 2019-2032 (USD Billion)
71. South Africa Electric Fan Market, By Distribution Channel, 2019-2032 (USD Billion)
List of Figures
1. Global Electric Fan Market Segmentation
2. Electric Fan Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Electric Fan Market Attractiveness Analysis by Product Type
9. Global Electric Fan Market Attractiveness Analysis by Application
10. Global Electric Fan Market Attractiveness Analysis by Distribution Channel
11. Global Electric Fan Market Attractiveness Analysis by Region
12. Global Electric Fan Market: Dynamics
13. Global Electric Fan Market Share by Product Type (2022 & 2032)
14. Global Electric Fan Market Share by Application (2022 & 2032)
15. Global Electric Fan Market Share by Distribution Channel (2022 & 2032)
16. Global Electric Fan Market Share by Regions (2022 & 2032)
17. Global Electric Fan Market Share by Company (2022)
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