The electric fans market is forecasted to grow by USD 5.37 bn during 2023-2028, accelerating at a CAGR of 5.6% during the forecast period. The report on the electric fans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost-effective supply chain of electric fans, rising demand for premium fans, and growth of housing sector.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.96%
CAGR
5.6%
Incremental Value
$5.37bn
Technavio's electric fans market is segmented as below:
By Distribution Channel
Offline
Online
By Product
Ceiling fans
Door fans
Wall-mounted fans
By Geographical Landscape
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the increasing product innovations in electric fan market as one of the prime reasons driving the electric fans market growth during the next few years. Also, growing emphasis on eco-friendly fans and rising demand for customized fans will lead to sizable demand in the market.
The report on the electric fans market covers the following areas:
Electric fans market sizing
Electric fans market forecast
Electric fans market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric fans market vendors that include 1STOPlighting, Bajaj Electricals Ltd., Centek Industries, Crompton Greaves Consumer Electricals Ltd., Dyson Group Co., Emerson Electric Co., Ferguson plc, Godrej and Boyce Manufacturing Co. Ltd., Griffon Corp., Havells India Ltd., Lasko Products LLC, LG Electronics Inc., Matthews Fan Co., Midea Group Co. Ltd., Orient Electric Ltd, Orpat Group, Panasonic Holdings Corp., Swan Products Ltd., Voltas Ltd., and Westinghouse Electric Corp.. Also, the electric fans market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global electric fan market 2018 - 2022
4.2 Distribution Channel Segment Analysis 2018 - 2022
4.3 Product Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Distribution Channel
6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline - Market size and forecast 2023-2028
6.4 Online - Market size and forecast 2023-2028
6.5 Market opportunity by Distribution Channel
7 Market Segmentation by Product
7.1 Market segments
7.2 Comparison by Product
7.3 Ceiling fans - Market size and forecast 2023-2028
7.4 Door fans - Market size and forecast 2023-2028
7.5 Wall-mounted fans - Market size and forecast 2023-2028
7.6 Market opportunity by Product
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 Germany - Market size and forecast 2023-2028
9.11 UK - Market size and forecast 2023-2028
9.12 Canada - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 1STOPlighting
12.4 Bajaj Electricals Ltd.
12.5 Crompton Greaves Consumer Electricals Ltd.
12.6 Dyson Group Co.
12.7 Emerson Electric Co.
12.8 Ferguson plc
12.9 Griffon Corp.
12.10 Havells India Ltd.
12.11 Lasko Products LLC
12.12 LG Electronics Inc.
12.13 Midea Group Co. Ltd.
12.14 Orient Electric Ltd
12.15 Orpat Group
12.16 Panasonic Holdings Corp.
12.17 Swan Products Ltd.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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