Market Overview:
The global air circulator fan market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for air circulator fans from various end-use industries, such as industrial, business and household applications. Additionally, factors such as technological advancements and rising awareness about energy-efficient products are also contributing to the growth of this market. Based on type, the global air circulator fan market can be segmented into tower fans, stand fans and others (including desk fans and floor fans). Tower fans are expected to account for a major share of this market in terms of revenue due to their growing popularity among consumers across different regions. By application, the global air circulator fan market can be divided into industrial use, business use and household use segments. The industrial use segment is projected to register highest CAGR during 2018-2030 owing to increasing demand for these products from various manufacturing industries across different regions.
Product Definition:
An air circulator fan is a small, electric fan that blows air around. They are often used to cool people or rooms down, and can be placed on a desk or table, or mounted to a wall. Air circulator fans come in a variety of sizes, and some have multiple speeds.
Tower Fan:
Tower fans are high-powered, multi-speed cooling devices that are used to move a significant volume of air. They have an impeller and a base with wheels. The tower fan has three or more blades attached to a metal shaft which is then mounted on the wall or ceiling. It is usually powered by electricity but can also be operated by batteries (in case of emergency).
Stand Fan:
A stand fan is a device used to move the air around for cooling or heating purpose. It is usually placed on a table or shelf and it's blades are horizontal, which allows the flow of air in all directions. Stand fans are more suitable for cooling than heating purpose as they can create high velocity winds with less power input.
The global market size was valued at USD 2,788 million in 2015.
Application Insights:
The industrial use segment dominated the global air circulator fan market in terms of revenue share in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for these products from industries, such as pharmaceutical, food and beverage, chemical and petroleum refining. These products are widely used in large scale industrial processes for maintaining ideal temperature and humidity levels inside the manufacturing facilities or warehouses.
Air circulators are also used extensively across several other end-use industries including healthcare, data centers, educational institutes (schools), retail stores/malls/supermarkets and transportation facilities (airports). In addition to their primary function of providing cooling or heating ventilation services within an industry building or facility; they have now become highly efficient energy conservation devices due to their ability to reduce energy costs by up to 30%.
Regional Analysis:
North America dominated the global air circulator fan market in 2017. The region is expected to witness a considerable growth rate of 5.8% over the forecast period, owing to rising awareness regarding energy conservation and environmental protection coupled with stringent government regulations for industrial operations leading to low production volumes.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing construction activities in emerging economies such as China and India along with growing population, which will lead towards an increase in demand for household appliances including air circulator fans. Furthermore, favorable government initiatives promoting investments from domestic manufacturers are expected to drive product demand over the next eight years. For instance, Government of India’s ‘Make In India’ initiative promotes manufacturing activity within country thereby driving regional market growth over next few years.
Growth Factors:
- Increasing demand for air circulator fan from the commercial sector on account of rising awareness about its benefits
- Growing popularity of air circulator fan among consumers owing to its energy-efficient and eco-friendly features
- Rising demand for air circulator fan in residential applications due to increasing concerns about indoor air quality
- Proliferation of Internet of Things (IoT) and connected devices that are helping increase adoption of smart fans with advanced features
- Technological advancements in the design and manufacturing of air circulator fans that are making them more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Circulator Fan Market Research Report
By Type
Tower Fan, Stand Fan, Others
By Application
Industrial Use, Business Use, Household Use
By Companies
Vornado, BALMUDA, SAMPO, IRIS OHYAMA, YAMAZEN, DAIKIN, Panasonic, Muji, KOIZUMI, TWINBIRD, Vornado
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Air Circulator Fan Market Report Segments:
The global Air Circulator Fan market is segmented on the basis of:
Types
Tower Fan, Stand Fan, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Use, Business Use, Household Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vornado
- BALMUDA
- SAMPO
- IRIS OHYAMA
- YAMAZEN
- DAIKIN
- Panasonic
- Muji
- KOIZUMI
- TWINBIRD
- Vornado
Highlights of The Air Circulator Fan Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tower Fan
- Stand Fan
- Others
- By Application:
- Industrial Use
- Business Use
- Household Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Circulator Fan Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An air circulator fan is a device that helps circulate air in an enclosed space. It uses the principle of forced convection, which is when a fluid (in this case, air) moves around and heats up because of its contact with a hotter object. This heat then causes the fluid to rise and create a circulation pattern.
Some of the key players operating in the air circulator fan market are Vornado, BALMUDA, SAMPO, IRIS OHYAMA, YAMAZEN, DAIKIN, Panasonic, Muji, KOIZUMI, TWINBIRD, Vornado.
The air circulator fan market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Circulator Fan Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Circulator Fan Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Circulator Fan Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Circulator Fan Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Circulator Fan Market Size & Forecast, 2018-2028
4.5.1 Air Circulator Fan Market Size and Y-o-Y Growth
4.5.2 Air Circulator Fan Market Absolute $ Opportunity
Chapter 5 Global Air Circulator Fan Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Circulator Fan Market Size Forecast by Type
5.2.1 Tower Fan
5.2.2 Stand Fan
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Circulator Fan Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Circulator Fan Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Business Use
6.2.3 Household Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Circulator Fan Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Circulator Fan Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Circulator Fan Analysis and Forecast
9.1 Introduction
9.2 North America Air Circulator Fan Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Circulator Fan Market Size Forecast by Type
9.6.1 Tower Fan
9.6.2 Stand Fan
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Circulator Fan Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Business Use
9.10.3 Household Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Circulator Fan Analysis and Forecast
10.1 Introduction
10.2 Europe Air Circulator Fan Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Circulator Fan Market Size Forecast by Type
10.6.1 Tower Fan
10.6.2 Stand Fan
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Circulator Fan Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Business Use
10.10.3 Household Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Circulator Fan Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Circulator Fan Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Circulator Fan Market Size Forecast by Type
11.6.1 Tower Fan
11.6.2 Stand Fan
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Circulator Fan Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Business Use
11.10.3 Household Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Circulator Fan Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Circulator Fan Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Circulator Fan Market Size Forecast by Type
12.6.1 Tower Fan
12.6.2 Stand Fan
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Circulator Fan Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Business Use
12.10.3 Household Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Circulator Fan Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Circulator Fan Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Circulator Fan Market Size Forecast by Type
13.6.1 Tower Fan
13.6.2 Stand Fan
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Circulator Fan Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Business Use
13.10.3 Household Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Circulator Fan Market: Competitive Dashboard
14.2 Global Air Circulator Fan Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vornado
14.3.2 BALMUDA
14.3.3 SAMPO
14.3.4 IRIS OHYAMA
14.3.5 YAMAZEN
14.3.6 DAIKIN
14.3.7 Panasonic
14.3.8 Muji
14.3.9 KOIZUMI
14.3.10 TWINBIRD
14.3.11 Vornado
