Global Electric Fan Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Electric Fan Market 2021 (Includes Business Impact of COVID-19)
Global Electric Fan Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global electric fan market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric fan market report has been segmented on the basis of product type, distribution channel, application, and region.
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The global Electric Fan market size was valued at USD$ 4.44 billion in 2020 and is projected to reach UDS$5.05 billion by 2030, and is anticipated to expand at a CAGR of 1.30% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global electric fan market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

A fan is an electronic device that consumes power to generate circular air motion to generate flow within air. An electric fan consists various parts such as, an electric motor, blades, blade irons, flywheel, rotor, and mechanisms for mounting the fan such as ball-and-socket system.

Dynamics:

Increasing demand for electric fans across the globe is a key factor expected to drive growth of the global electric fan market over the forecast period. Increasing utilization and distribution of electric fans by retail outlets and online sales platform to meet increasing demand from consumers is another factor expected to boost growth of the target market.

In addition, increasing disposable income and rising preference for modular homes resulting into high demand for customized electric fans. This in turn is expected to proliferate growth of the global electric fan market. Moreover, recent product advancements and innovations such as various color combinations, shapes, and designs are expected to support growth of the target market in the near future.

Furthermore, technological advancements in electric devices and increasing development of customized electric fans by manufacturers to meet changing end user demands is expected to support business expansion for players in the global market during the forecast period.

However, availability of various substitutes products is a major factor expected to restraint growth of the global market. In addition, continuously changing product design demand, increasing raw material cost, and increasing labor cost are other factors may hamper growth of the global market to a certain extent.

Segment Analysis:

On the basis of product type, the ceiling fans segment is expected to dominate in the global market, owing to increasing adoption of ceiling electric fans in commercial sector across the globe. On the basis of distribution channel, the retailing segment is expected to dominate in the global electric fan market, owing to increasing bulk demand for electric fans from various industries. On the basis of application, the household segment is expected to dominate the target market, owing to increasing construction activities in emerging countries across the globe.

Regional Analysis:

Market in Asia Pacific is expected to dominate in the global electric fan market, owing to rising infrastructural development and construction activities in emerging countries such as China, India, and Japan in the region. In addition, rapidly changing environment conditions and increasing temperature level in various countries such as, India and China is expected to fuel growth of the target market. Market in North America is expected to register significant growth in the global market in terms of revenue, owing to increasing demand for customized or specifically designed electric fans in countries in the region.

Market in Europe is expected to register lucrative growth in terms of revenue followed by Latin America and Middle East and Africa in the global market over the forecast period, due to low cost and easy installation process of electric fans.


Below are the active patents related to Electric Fan Market.


Patent Number: US8469660B2

Fan assembly

Abstract

A fan assembly includes a device for creating an air flow and an air outlet for emitting the air flow. The air outlet is mounted on a stand for conveying the air flow to the air outlet. The fan assembly also includes a tilt mechanism for tilting the air outlet relative to at least part of the stand. The tilt mechanism comprises a flexible hose defining, at least in part, an air passage through the tilt mechanism.

Application File Date: 2010-03-03

Application Granted Date: 2013-06-25

Current Assignee: Dyson Technology Ltd

Patent Number: US7662035B1

High efficiency solar powered fan

Abstract

Highly efficient ventilation fans for exhausting air out from underneath roofs, and for being portable in use and application. The fan can include optimized airflow blades having a twisted configuration that can move at a rotational speed operation of up to approximately 500 rpm. The approximately 15 inch diameter twisted blades can be premolded on a hub that together form a single molded unit of plastic. They can also be fabricated using metal. The unit can be mounted in an exhaust outlet having a conical diffuser on or adjacent to a roof. Alternatively, the fan can be portable for use most anywhere there is a need for ventilation and moving of air. The blades can rotate by a solar powered motor, where the blades and motor can generate up to approximately 1040 cfm while using no more than approximately 16 Watts.

Application File Date: 2007-08-22

Application Granted Date: 2010-02-16

Current Assignee: University of Central Florida Research Foundation Inc UCFRF

Patent Number: US8770949B2

Ceiling fan

Abstract

A ceiling fan comprising: a fan motor and blade assembly, a mounting tube for suspending the fan motor and blade assembly from a ceiling, and a power supply mounted within the mounting tube configured to power the fan motor. Also a ceiling fan comprising a moulded stator frame, a raised turret integrally moulded within the frame configured to enclose and mount a motor controller, and an external user changeable auxiliary module. Also ceiling fan comprising: a totally enclosed safety extra low voltage fan motor assembly configured to be suspended from an upper side, and a sealing arrangement within the assembly providing a substantial degree of ingress protection against dust and water incident from at least an under side. Also a method comprising providing a ceiling fan comprising moulded stator frame, and mounting an external user changeable auxiliary module to a raised turret integrally moulded within the frame.

Application File Date: 2008-09-04

Application Granted Date: 2014-07-08

Current Assignee: Delta T LLC

Global Electric Fan Market Segmentation:

Segmentation by Product Type:

  
Wall Fans
  
Table Fans
  
Ceiling Fans
  
Exhaust Fans
  
Pedestal Fans

Segmentation by Distribution Channel:

  
Direct Sales
  
Store-Based Retailing
  
Non-Store-Based Retailing

Segmentation by Application:

  
Industrial Use
  
Household Use
  
Commercial Use


Key Market Players included in the report:


  
Bajaj Electricals Ltd.
  
Casablanca Fan Company
  
Crompton Greaves Consumer Electricals Ltd.
  
Delta T LLC
  
Emerson Electric Co.
  
Fanimation, Inc.
  
Hartzell Fan, Inc.
  
Havells India Ltd.
  
Hunter Fan Company, Inc.
  
Lau Industries, Inc.
  
Minka Lighting, Inc.
  
Monte Carlo Fan Company
  
Orient Electric Ltd.
  
Panasonic Corp.
  
Phillips Lighting & Home
  
Westinghouse Electric Corporation