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North America Electric Fan Market Outlook, 2027

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    Report

  • 60 Pages
  • September 2022
  • Region: North America
  • Bonafide Research
  • ID: 5660303
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The growing construction industry in North America, corresponding to the growing population density, is driving the electric fan market in the region. This leads to more widespread distribution of electricity lines. Furthermore, the rising disposable incomes of millennials are the primary market drivers driving demand. Additionally, the global warming that is causing the average temperature level to rise is another factor causing demand to grow. Presently, the need for minimum cooling agents is becoming necessary for most parts of the world. Many people are not able to purchase expensive items like air conditioners, air coolers, etc. However, basic ceiling fans are something that many people can afford. Thus, the need to get relief on hot and sunny days, coupled with the increase in population growth, is acting as another important driver for this item. Being a cold region, the majority of the population in North America uses ceiling fans during the winter for ventilation purposes. In addition to this, several decorative and lighting fixtures employ ceiling fans. Rising demand for premium products and easy availability of the products is expected to boost the growth of the ceiling fan market in the upcoming years.

According to the research report, North America Electric Fan Market Outlook, 2027 the market is expected to grow at a CAGR of 2.62% in terms of value. In terms of volume, it grew from 56.12 million units in 2016 to nearly 59 million units in 2021. The average selling price of electric fans is constantly on the rise, contributing to higher revenues. Demand from Mexico is expected to rise given the climatic conditions of the country. On the other hand, the American market is a more developed market, with nearly 70% of households having installed an electric fan. Until recently, non-smart electric fans captured the market to the extent of 94% in North America. However, with technology evolution in smart fans, it is projected to grow at a CAGR of 3.88% over the forecast period. The increased demands for ceiling fans in residential homes across the region are expected to bolster market growth in future years.

Unlike in India, in North America, fans have 4 or 5 fan blades. This is because, in the USA and Canada, the fans are installed to just help circulate the cold blowing air around the room while the air conditioners work. They don’t really need a high-speed fan as they do have an air conditioner working. Fans with 4/5 blades are usually slower. Also, these fans generally have a maximum of three speed settings. 4 blade fans are more expensive when compared with 3 blade fans. These fans have more aerodynamic drag in the motor. 5 bladed fans are an ideal balance between the amount of air circulation and the ambient noise. In winter, many of these fans have a reverse switch which can be flipped to reverse the direction of the rotation so that it can draw cold air from below and the warm air from the heater (usually located along the walls close to the floor or with vents on the floor) can fill the room underneath the fans.

The portable battery rechargeable fan market is growing and is expected to be in high demand over the future years. Its space-saving design makes it easy to transport for any lifestyle: outdoor camping, outdoor parties, and indoors with a built-in rechargeable battery. They also come in folding designs to be accommodated in small spaces easily. They come with an 8000mAh rechargeable battery. A full charge takes 3.5 hours and can last up to 25 hours on the lowest speed. With battery operation, there are no more wires, no more hassles. This fan is equipped with a brushless DC motor, which enables the fan to operate quietly and efficiently. The fan also comes with a unique blade design, which ensures powerful but gentle airflow. The Smart Mode feature allows the wind speed to adjust automatically based on the temperature of the room.

The growing tendency of renovating homes after a certain period bolsters the demand for decorative ceiling fan varieties such as rustic ceiling fans, contemporary ceiling fans, black ceiling fans, and fancy ceiling fans. Further, globalisation has led to a broader consumer market, which facilitates easier product selection from a wide range of goods made available through multiple distribution channels. Additionally, technologically advanced consumer durables are in high demand and this is a major factor driving the North American ceiling fan market. The decorative fans segment is expected to grow at a CAGR of 3.17% over the forecast period.

Presently, there is a growing concern about fashionable housing decoration. People want trendy items. To satisfy this requirement, manufacturers are adding more designs to their products, thereby increasing the cost. This is acting as a restraint. However, the need for a basic cooling agent is driving this industry. There are several factors that are acting as a major impetus for the growth of this industry.

The COVID pandemic hit the electric fan industry severely, as it is not regarded as an essential service. The manufacturers faced acute shortages of raw materials due to supply chain logistics being halted. The factories had to be shut for a major period of time. That led to demand and supply inequalities. Since it was a contagious epidemic, consumers refrained from using air-conditioners or even electric fans, fearing its spread, and thus the demand dropped drastically. The construction and revamping of interiors came to a standstill, which further decelerated the demand for electric fans in the region.

Major Companies present in the market: Luminance, Westinghouse Electric Corporation, Big Ass Fans, Hunter Fan Company, Minka Lighting Inc, The Henley Fan Company Ltd, Orient Electric, Midea Group, and Singfun Fans.

Considered in this report

  • Geography: North America
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • North America Electric Fan market with its value and forecast along with its segments
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Countries covered in the report

  • United States
  • Canada
  • Mexico

By Electric Fan Type in the report

  • Ceiling Fan
  • Wall mount
  • Desk/ Table Fan
  • Floor Standing/ Pedestal Fan
  • Others ( battery operated, etc)

By Application in the report

  • Household use
  • Commercial use

By Technology in the report

  • Smart fan
  • Non-smart fan

By Ceiling Fan type in the report

  • Standard Fan
  • Decorative Fan
  • High Speed Fan
  • BLDC (energy saving) fan
  • Others (LED fan, etc)

By Ceiling Fan size in the report

  • Small
  • Medium
  • Large

By Ceiling Fan Application in the report

  • Household use
  • Commercial use

By Ceiling Fan Sales Channel in the report

  • Online
  • Offline

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric fan industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definitions
4. Economic /Demographic Snapshot
5. Global Electric Fan Outlook
5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Type
5.2.2. By Application
5.2.3. By Technology
5.2.4. By Region
5.2.5. By Country
5.3. Global Electric Ceiling Fan Outlook
5.3.1. Market Size
5.3.1.1. By Value
5.3.1.2. By Volume
5.3.2. Market Share
5.3.2.1. By Type
5.3.2.2. By Application
5.3.2.3. By Fan Size
5.3.2.4. By Sales Channel
5.3.2.5. By Region
5.3.2.6. By Country
6. North America Electric Fan Outlook
6.1. Market Size
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share
6.2.1. By Type
6.2.2. By Application
6.2.3. By Technology
6.2.4. By Country
6.3. North America Electric Ceiling Fan Outlook
6.3.1. Market Size
6.3.1.1. By Value
6.3.1.2. By Volume
6.3.2. Market Share
6.3.2.1. By Type
6.3.2.2. By Application
6.3.2.3. By Fan Size
6.3.2.4. By Sales Channel
6.3.2.5. By Country
7. Market Dynamics
7.1. Key Drivers
7.2. Key Challenges
8. Market Trends and Developments
9. Company Profiles
9.1. Big Ass Fans
9.2. Luminance (Emerson Electric Co.)
9.3. Hunter Fan Company
9.4. Minka Lighting Inc
9.5. Orient Electric
9.6. The Henley Fan Company Limited
9.7. Westinghouse Electric Company LLC
9.8. Company Overview
9.8.1. Midea Group
9.8.2. Singfun Fans
10. Strategic Recommendations11. Disclaimer
List of Figure
Figure 1: Regional Overview of Global Electric Fan Market (2019)
Figure 2: Global Electric Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 3: Global Electric Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 4: Global Electric Fan Share - By Type (2016, 2021 & 2027F)
Figure 5: Global Electric Fan Share - By Technology (2016, 2021 & 2027F)
Figure 6: Global Electric Ceiling Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 7: Global Electric Ceiling Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 8: Global Electric Ceiling Fan Share - By Type (2016, 2021 & 2027F)
Figure 9: North America Electric Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 10: North America Electric Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 11: North America Electric Fan Share - By Type (2016, 2021 & 2027F)
Figure 12: North America Electric Fan Share - By Technology (2016, 2021 & 2027F)
Figure 13: North America Electric Ceiling Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 14: North America Electric Ceiling Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 15: North America Electric Ceiling Fan Share - By Type (2016, 2021 & 2027F)
List of Table
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Electric Fan Share By Application (2016, 2021 & 2027F)
Table 5: Global Electric Fan Share by Region (2016, 2021 & 2027F)
Table 6: Global Electric Fan Share by Country (2016, 2021 & 2027F)
Table 7: Global Electric Ceiling Fan Share By Application (2016, 2021 & 2027F)
Table 8: Global Electric Ceiling Fan Share By Size (2016, 2021 & 2027F)
Table 9: Global Electric Ceiling Fan Share By Sales Channel (2016, 2021 & 2027F)
Table 10: Global Electric Ceiling Fan Share by Region (2016, 2021 & 2027F)
Table 11: Global Electric Ceiling Fan Share by Country (2016, 2021 & 2027F)
Table 12: North America Electric Fan Share By Application (2016, 2021 & 2027F)
Table 13: North America Electric Fan Share by Country (2016, 2021 & 2027F)
Table 14: North America Electric Ceiling Fan Share By Application (2016, 2021 & 2027F)
Table 15: North America Electric Ceiling Fan Share By Fan Size (2016, 2021 & 2027F)
Table 16: North America Electric Ceiling Fan Share By Sales Channel (2016, 2021 & 2027F)
Table 17: North America Electric Ceiling Fan Share by Country (2016, 2021 & 2027F)
Table 18: Key Facts of Big Ass Fans
Table 19: Key Facts of Emerson Electric Co.
Table 20: Key Facts of Hunter Fan Company
Table 21: Key Facts of Minka Lighting Inc
Table 22: Key Facts of Orient Electric
Table 23: Key Facts of The Henley Fan Company Limited
Table 24: Key Facts of Westinghouse Electric Company LLC