Insights Into The Household Fans Market’s Growth Opportunities Through 2023-2032 – Includes Household Fans Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Increased electrification especially in rural areas are expected to drive innovation in household fans manufacturing, thus driving the market during the forecast period.
The global household fans market is expected to grow from $29.24 billion in 2022 to $30.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The global household type fans market is expected to grow to $36.44 billion in 2027 at a CAGR of 4.2%.
Get A Free Sample On The Global Household Fans Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2643&type=smp
Global Household Fans Market Segments Include:
- By Type Of Product: Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans
- By Type of Current: AC Residential Fans, DC Residential Fans
- By Application: Home, Commercial
- By Distribution Channel: Store-based Retailing, Direct Sales, Non-Store-based Retailing
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global household fans market in 2021.
Major Market Players in the household fans market include Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, and Panasonic.
Household fan manufacturers are increasingly producing energy-efficient products to reduce their carbon footprint and enable energy savings for consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy-efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy-efficient appliances. For example, in the USA, ENERGY STAR-certified ceiling fans provide cutting-edge design, use the latest technology, and are 60% more efficient than conventional ceiling fans.
The Household Fans Global Market Report 2023 provides a household fans market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The household fans market forecast analyzes household fans market size, household fans market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A household-type fan is defined as a device that consists of a rotating arrangement of blades designed to circulate air throughout an entire room.
Explore Similar Reports From The Business Research Company:
Household Fans Global Market Report 2023
Household Cooking Appliance Global Market Report 2023
Household Appliances Global Market Report 2023
Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: