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Electric Fan Market Outlook, 2027

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    Report

  • 129 Pages
  • September 2022
  • Region: Global
  • Bonafide Research
  • ID: 5660304
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Electric fans have increased in installations over the years due to global warming and increase in temperatures around the world. Rise in disposable income coupled with increased preference for modular homes result in a high demand for decorative electric fans. This, in turn, is expected to bolster the growth of the global electric fan market. Moreover, recent product advancements and innovations such as various colour combinations, shapes, and designs are expected to support the growth of the target market in the near future. Technological advancements in electric devices and increasing development of customised electric fans by manufacturers to meet changing end-user demands are expected to support business expansion for players in the global market during the forecast period. The rise in living standards of consumers and the increased focus on adding aesthetic appeal to the interiors is driving the demand further. Smart technology fans that can be monitored through Wi-Fi or internet connection by remote control or application software on mobile devices are on the rise. It enables the use of functions like on and off and speed monitoring. However, the high prices of decorative and smart fans are expected to restrain market growth.

According to the research report, Global Electric Fan Market Outlook, 2027 the market is expected to grow at a CAGR of 4.03% in terms of value. In terms of volume, it grew from 425.97 million units in 2016 to 466 million units in 2021. The average selling price of electric fans is constantly on the rise, contributing to higher revenues. However, the prices fell in 2020 due to pandemic disruptions and a fall in demand for electric fans globally. Ceiling fans are the most widely used fan type as they are suitable for providing relief from hot temperatures. Choosing a ceiling fan can be difficult as there are a vast array of styles and configurations on the market. They also differ in the number of blades and size. The most commonly used fan has 3 blades in hot climatic regions and 4 or 5 blades in cold regions. Depending on the size of the room, the fan size is chosen from small, medium, or large. Earlier, standard fans were more commonly used as they are less expensive and serve the purpose of circulating air in the room. However, today, with technological advancements and research and development, decorative and smart fans are available on the market. The rise in income levels and consumer lifestyle is propelling demand for these types of fans in the global market.

The Asia-Pacific region is dominant in the electric fan market and is expected to continue its dominance over the forecast period. It is driven by infrastructure and construction activities in the developing countries of India, China, and Japan. Rapid changing weather conditions and an increase in temperature levels in North America and Europe contribute to the increased demand for electric fans in these regions. Growth in the Middle East & Africa regions' growth can be attributed to increased standards of living and increased expenditures on the interiors of residential homes with new technological advancements appliances.

Developing nations have higher demands for ceiling fans due to the rise in population and the number of houses for nuclear families. In India and China, government plans to provide low income level groups with houses are further bolstering the market growth for ceiling fans. With each increase in per capita income level, the purchasing power of consumers also rises. This drives the demand for decorative ceiling fans. Additionally, supplying rural areas with electricity in these developing countries further increases demand for ceiling fans. Urban culture is driving the demand for decorative and stylish ceiling fans at a CAGR of 4.30% over the forecast period. Accordingly, companies are innovating to meet existing demands and are launching several new electric fans on the market. Even commercial spaces, with the rise in interior infrastructure demand for stylish fans.

The pandemic halted the progress of construction of new properties, which decreased the volume of electric fans demanded during this period. There was a change in consumer buying as it was focused on essential products. The electric fan manufacturing companies saw a drop in production due to a lack of raw materials and manpower. However, the post-lockdown economy has recovered in 2021, and the market is growing rapidly. Further, no new properties were bought by consumers during the pandemic times, so no new markets were developed. Online sales gained popularity among consumers amid the pandemic.

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, Singfun Fans, Panasonic Corporation, Crompton Greaves, Shell Electric, Havells India Ltd, Fantasia Ceiling Fans, Usha International Ltd.

Considered in this report

  • Geography: Global
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • Global 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

Regions & Countries covered in the report

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia)
  • Asia-pacific (China, Japan, India, Australia)
  • South America (Brazil, Argentina, Columbia)
  • Middle East & Africa (Qatar, Saudi Arabia, South Africa, UAE)

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.


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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. Europe Electric Fan Outlook
7.1. Market Size
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share
7.2.1. By Type
7.2.2. By Application
7.2.3. By Technology
7.2.4. By Country
7.3. Europe Electric Ceiling Fan Outlook
7.3.1. Market Size
7.3.1.1. By Value
7.3.1.2. By Volume
7.3.2. Market Share
7.3.2.1. By Type
7.3.2.2. By Application
7.3.2.3. By Fan Size
7.3.2.4. By Sales Channel
7.3.2.5. By Country
8. Asia Pacific Electric Fan Outlook
8.1. Market Size
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share
8.2.1. By Type
8.2.2. By Application
8.2.3. By Technology
8.2.4. By Country
8.3. Asia Pacific Electric Ceiling Fan Outlook
8.3.1. Market Size
8.3.1.1. By Value
8.3.1.2. By Volume
8.3.2. Market Share
8.3.2.1. By Type
8.3.2.2. By Application
8.3.2.3. By Fan Size
8.3.2.4. By Sales Channel
8.3.2.5. By Country
9. South America Electric Fan Outlook
9.1. Market Size
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share
9.2.1. By Type
9.2.2. By Application
9.2.3. By Technology
9.2.4. By Country
9.3. South America Electric Ceiling Fan Outlook
9.3.1. Market Size
9.3.1.1. By Value
9.3.1.2. By Volume
9.3.2. Market Share
9.3.2.1. By Type
9.3.2.2. By Application
9.3.2.3. By Fan Size
9.3.2.4. By Sales Channel
9.3.2.5. By Country
10. Middle East & Africa Electric Fan Outlook
10.1. Market Size
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share
10.2.1. By Type
10.2.2. By Application
10.2.3. By Technology
10.2.4. By Country
10.3. Middle East & Africa Electric Ceiling Fan Outlook
10.3.1. Market Size
10.3.1.1. By Value
10.3.1.2. By Volume
10.3.2. Market Share
10.3.2.1. By Type
10.3.2.2. By Application
10.3.2.3. By Fan Size
10.3.2.4. By Sales Channel
10.3.2.5. By Country
11. Market Dynamics
11.1. Key Drivers
11.2. Key Challenges
12. Market Trends and Developments
13. Company Profiles
13.1. Big Ass Fans
13.2. Crompton Greaves Consumer Electricals Limited
13.3. Emerson Electric Co.
13.4. Havells India Limited
13.5. Hunter Fan Company
13.6. Minka Lighting Inc
13.7. Orient Electric
13.8. Panasonic Corporation
13.9. Shell Electric Holdings Limited
13.10. The Henley Fan Company Limited
13.11. Westinghouse Electric Company LLC
13.12. Company Overview
13.12.1. Fantasia Ceiling Fan
13.12.2. Midea Group
13.12.3. Singfun Fans
13.12.4. Usha International Ltd.
14. Strategic Recommendations15. 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)
Figure 16: Europe Electric Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 17: Europe Electric Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 18: Europe Electric Fan Share - By Type (2016, 2021 & 2027F)
Figure 19: Europe Electric Fan Share - By Technology (2016, 2021 & 2027F)
Figure 20: Europe Electric Ceiling Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 21: Europe Electric Ceiling Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 22: Europe Electric Ceiling Fan Share - By Type (2016, 2021 & 2027F)
Figure 23: Asia Pacific Electric Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 24: Asia Pacific Electric Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 25: Asia Pacific Electric Fan Share - By Type (2016, 2021 & 2027F)
Figure 26: Asia-Pacific Electric Fan Share - By Technology (2016, 2021 & 2027F)
Figure 27: Asia Pacific Electric Ceiling Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 28: Asia Pacific Electric Ceiling Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 29: Asia Pacific Electric Ceiling Fan Share - By Type (2016, 2021 & 2027F)
Figure 30: South America Electric Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 31: South America Electric Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 32: South America Electric Fan Share - By Type (2016, 2021 & 2027F)
Figure 33: South America Electric Fan Share - By Technology (2016, 2021 & 2027F)
Figure 34: South America Electric Ceiling Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 35: South America Electric Ceiling Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 36: South America Electric Ceiling Fan Share - By Type (2016, 2021 & 2027F)
Figure 37: Middle East & Africa Electric Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 38: Middle East & Africa Electric Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 39: Middle East & Africa Electric Fan Share - By Type (2016, 2021 & 2027F)
Figure 40: Middle East & Africa Electric Fan Share - By Technology (2016, 2021 & 2027F)
Figure 41: Middle East & Africa Electric Ceiling Fan Market Size - By Value 2016 to 2027F (In USD Billion)
Figure 42: Middle East & Africa Electric Ceiling Fan Market Size - By Volume 2016 to 2027F (In Million Units)
Figure 43: Middle East & Africa 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: Europe Electric Fan Share By Application (2016, 2021 & 2027F)
Table 19: Europe Electric Fan Share by Country (2016, 2021 & 2027F)
Table 20: Europe Electric Ceiling Fan Share By Application (2016, 2021 & 2027F)
Table 21: Europe Electric Ceiling Fan Share By Fan Size (2016, 2021 & 2027F)
Table 22: Europe Electric Ceiling Fan Share By Sales Channel (2016, 2021 & 2027F)
Table 23: Europe Electric Ceiling Fan Share by Country (2016, 2021 & 2027F)
Table 24: Asia Pacific Electric Fan Share By Application (2016, 2021 & 2027F)
Table 25: Asia Pacific Electric Fan Share by Country (2016, 2021 & 2027F)
Table 26: Asia Pacific Electric Ceiling Fan Share By Application (2016, 2021 & 2027F)
Table 27: Asia Pacific Electric Ceiling Fan Share By Fan Size (2016, 2021 & 2027F)
Table 28: Asia Pacific Electric Ceiling Fan Share By Sales Channel (2016, 2021 & 2027F)
Table 29: Asia Pacific Electric Ceiling Fan Share by Country (2016, 2021 & 2027F)
Table 30: South America Electric Fan Share By Application (2016, 2021 & 2027F)
Table 31: South America Electric Fan Share by Country (2016, 2021 & 2027F)
Table 32: South America Electric Ceiling Fan Share By Application (2016, 2021 & 2027F)
Table 33: South America Electric Ceiling Fan Share By Fan Size (2016, 2021 & 2027F)
Table 34: South America Electric Ceiling Fan Share By Sales Channel (2016, 2021 & 2027F)
Table 35: South America Electric Ceiling Fan Share by Country (2016, 2021 & 2027F)
Table 36: Middle East & Africa Electric Fan Share By Application (2016, 2021 & 2027F)
Table 37: Middle East & Africa Electric Fan Share by Country (2016, 2021 & 2027F)
Table 38: Middle East & Africa Electric Ceiling Fan Share By Application (2016, 2021 & 2027F)
Table 39: Middle East & Africa Electric Ceiling Fan Share By Fan Size (2016, 2021 & 2027F)
Table 40: Middle East & Africa Electric Ceiling Fan Share By Sales Channel (2016, 2021 & 2027F)
Table 41: Middle East & Africa Electric Ceiling Fan Share by Country (2016, 2021 & 2027F)
Table 42: Key Facts of Big Ass Fans
Table 43: Key Facts of Crompton Greaves Consumer Electricals Limited
Table 44: Key Facts of Emerson Electric Co.
Table 45: Key Facts of Havells India Limited
Table 46: Key Facts of Hunter Fan Company
Table 47: Key Facts of Minka Lighting Inc
Table 48: Key Facts of Orient Electric
Table 49: Key Facts of Panasonic Corporation
Table 50: Key Facts of Shell Electric Holdings Limited
Table 51: Key Facts of The Henley Fan Company Limited
Table 52: Key Facts of Westinghouse Electric Company LLC