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Electric Fan Market by Product and Geography - Forecast and Analysis 2020-2024

Electric Fan Market by Product and Geography - Forecast and Analysis 2020-2024

Global Electric Fans Market: About this market

Technavio’s electric fans market analysis considers sales from ceiling fans, floor fans, and wall-mounted fans. Our study also finds the sales of electric fans in APAC, Europe, MEA, North America, and South America. In 2019, the ceiling fans segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing demand for luxury ceiling fan products will play a significant role in the ceiling fans segment to maintain its market position. Also, our global electric fans market report looks at factors such as cost-effective supply chain of electric fans, rising demand for premium fans, and growth in housing sector. However, increasing use of air conditioners, stringent procedures associated with testing of fans, and threat from unorganized sectors may hamper the growth of the electric fan industry over the forecast period.

Global Electric Fans Market: Overview

Rising demand for premium fans

The demand for premium fans has increased considerably in recent years primarily due to their performance efficiency and visual appeal. Premium fans often complement the contemporary designs of modern rooms of the consumers, in turn, improving the aesthetics of living spaces. This has encouraged various vendors to offer a wide range of premium fans that are stylish, energy-efficient, and consume less electricity while catering to the customization requirements of the consumers. Thus, the increase in demand for premium fans will lead to the expansion of the global electric fans market at a CAGR of almost 3% during the forecast period.

Increasing product innovations

Vendors are increasingly focusing on innovating their products to improve performance efficiency, design, appearance, and convenience offered by technologies. Manufacturers are also emphasizing the deployment of IoT in modern electric fans which can be controlled remotely through cloud computing technology. These fans are connected through the Internet and automatically adjust their speed according to the temperature of the room. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global electric fans market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global electric fans market is fragmented. Technavio’s 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 manufacturers, that include Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Delta T LLC, Emerson Electric Co., Havells India Ltd., Hunter Fan Co., Orient Electric Ltd., Panasonic Corp., Phillips Lighting & Home, 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 on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global household appliances market
      • Table Segments of global household appliances market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value chain analysis
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
    • Market outlook
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • Ceiling fans - Market size and forecast 2019-2024
      • Table Ceiling fans - Market size and forecast 2019-2024 ($ millions)
      • Table Ceiling fans - Year-over-year growth 2020-2024 (%)
    • Floor fans - Market size and forecast 2019-2024
      • Table Floor fans - Market size and forecast 2019-2024 ($ millions)
      • Table Floor fans - Year-over-year growth 2020-2024 (%)
    • Wall-mounted fans - Market size and forecast 2019-2024
      • Table Wall-mounted fans - Market size and forecast 2019-2024 ($ millions)
      • Table Wall-mounted fans - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing product innovations
    • Growing emphasis on eco-friendly fans
    • Rising demand for customized fans
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bajaj Electricals Ltd.
      • Table Bajaj Electricals Ltd. - Vendor overview
      • Table Bajaj Electricals Ltd. - Business segments
      • Table Bajaj Electricals Ltd. - Organizational developments
      • Table Bajaj Electricals Ltd. - Segment focus
      • Table Bajaj Electricals Ltd. - Key offerings
    • Crompton Greaves Consumer Electricals Ltd.
      • Table Crompton Greaves Consumer Electricals Ltd. - Vendor overview
      • Table Crompton Greaves Consumer Electricals Ltd. - Business segments
      • Table Crompton Greaves Consumer Electricals Ltd. - Organizational developments
      • Table Crompton Greaves Consumer Electricals Ltd. - Segment focus
      • Table Crompton Greaves Consumer Electricals Ltd. - Key offerings
    • Delta T LLC
      • Table Delta T LLC - Vendor overview
      • Table Delta T LLC - Product segments
      • Table Delta T LLC - Key offerings
    • Emerson Electric Co.
      • Table Emerson Electric Co. - Vendor overview
      • Table Emerson Electric Co. - Business segments
      • Table Emerson Electric Co. - Organizational developments
      • Table Emerson Electric Co. - Geographic focus
      • Table Emerson Electric Co. - Segment focus
      • Table Emerson Electric Co. - Key offerings
    • Havells India Ltd.
      • Table Havells India Ltd. - Vendor overview
      • Table Havells India Ltd. - Product segments
      • Table Havells India Ltd. - Organizational developments
      • Table Havells India Ltd. - Geographic focus
      • Table Havells India Ltd. - Segment focus
      • Table Havells India Ltd. - Key offerings
    • Hunter Fan Co.
      • Table Hunter Fan Co. - Vendor overview
      • Table Hunter Fan Co. - Business segments
      • Table Hunter Fan Co. - Organizational developments
      • Table Hunter Fan Co. - Key offerings
    • Orient Electric Ltd.
      • Table Orient Electric Ltd. - Vendor overview
      • Table Orient Electric Ltd. - Business segments
      • Table Orient Electric Ltd. - Organizational developments
      • Table Orient Electric Ltd. - Geographic focus
      • Table Orient Electric Ltd. - Segment focus
      • Table Orient Electric Ltd. - Key offerings
    • Panasonic Corp.
      • Table Panasonic Corp. - Vendor overview
      • Table Panasonic Corp. - Business segments
      • Table Panasonic Corp. - Organizational developments
      • Table Panasonic Corp. - Geographic focus
      • Table Panasonic Corp. - Segment focus
      • Table Panasonic Corp. - Key offerings
    • Phillips Lighting & Home
      • Table Phillips Lighting & Home - Vendor overview
      • Table Phillips Lighting & Home - Product segments
      • Table Phillips Lighting & Home - Key offerings
    • Westinghouse Electric Corp.
      • Table Westinghouse Electric Corp. - Vendor overview
      • Table Westinghouse Electric Corp. - Product segments
      • Table Westinghouse Electric Corp. - Organizational developments
      • Table Westinghouse Electric Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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