Electric Fan Market, Size is US$ 13.5 Billion by 2034 with CAGR of 4.50%.

Published Date: April 2024

Electric fan market is projected to grow from US$ 8.7 Billion in 2024 to US$ 13.5 Billion by 2034. Increasing availability of continuous power across the globe is driving the electric fan market. In addition, rising global warming due to greenhouse emission and increasing temperature is boosting the electric fan market.

The report "Electric Fan Market, By Product Type (Fan, Table Fan, and Others (Pedestal Fans, Wall Fans, and Exhaust Fans)), By Application (Household, Commercial, and Industrial), and Region - Global Forecast to 2034."

Key Highlights:

  • In January 2019, Orient Electric Limited launched internet of things enabled “Aeroslim ceiling fan”.
  • On February 2018, LG Electronics Inc. launched ceiling fans which will have advance features such as Internet of Things (IoT) technology.

Key Market Insights from the report:          

The electric fan market accounted for US$ 13.5 Billion by 2034 and is projected to register a moderate CAGR of 4.50% over the forecast period. The market report has been segmented on the basis of product type, application, and region.

  • By product type, the electric fan market is bifurcated into ceiling fan, table fan, and others. Others product type sub-segment is bifurcated into pedestal fans, wall fans, and exhaust fans.
  • By application, the electric fan market is categorized into household, commercial, and industrial.
  • By region, Asia Pacific electric fan market is expected to hold significant market share in terms of revenue over the forecast period. This can be attributed to presence of major manufacturing key players in countries such as India, China of the region.  

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Electric Fan Market”, By Product Type (Fan, Table Fan, and Others (Pedestal Fans, Wall Fans, and Exhaust Fans)), By Application (Household, Commercial, and Industrial), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2034

The prominent player operating in the electric fan market includes Crompton Greaves Consumer Electricals Ltd., Orient Electric Limited, Usha International Ltd., Havells India Limited, Bajaj Electricals Ltd., V-Guard Industries Ltd., Surya Roshni Limited, Vishva Electrotech Limited, Metro Ortem Ltd, and Khaitan Electricals Ltd.

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