Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Residential Fans Market by Type (AC Residential Fans, DC Residential Fans), By Application (Home, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Residential Fans Market by Type (AC Residential Fans, DC Residential Fans), By Application (Home, Commercial) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 270633 4200 Machinery & Equipment 377 197 Pages 5 (37)
                                          

Market Overview:


The global residential fans market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and eco-friendly fans across the globe. In addition, the growing awareness about health and hygiene is also propelling the demand for residential fans globally. The global residential fan market can be segmented on the basis of type into AC residential fans and DC residential fans. The AC segment is expected to dominate the global Residential fan market duringthe forecast period owing to its high efficiency and low power consumption as comparedto DCresidentialfans.


Global Residential Fans Industry Outlook


Product Definition:


Residential fans are used to circulate air in a room. They can be mounted on the wall or ceiling and come in a variety of sizes. Residential fans are important because they help to improve air circulation, which can help to cool the room and reduce humidity.


AC Residential Fans:


AC residential fans are the most convenient and cost-effective way to provide high-quality air conditioning during summer. These devices can be operated by a wall socket or with batteries, which makes them extremely convenient for use in small spaces such as an apartment or room. The product is equipped with features that enable it to move more air than conventional fans, resulting in cooler and more comfortable surroundings.


DC Residential Fans:


DC residential fans are the most common type of home appliances used for cooling and heating purposes. These fans have a low power consumption rate, which makes them highly energy efficient. They are available in various sizes and can be installed by professionals as well as laymen with ease.


These residential fans do not require any external support to operate; however, they may need some assembly or installation work from time to time.


Application Insights:


The home application segment accounted for the largest revenue share of over 70% in 2017. The growing trend of living alone or away from parents has led to an increase in the purchase and installation of residential fans at homes. Furthermore, increasing urbanization along with rising temperatures has boosted demand for air conditioning systems, which is also expected to drive growth over the forecast period.


Commercial applications are projected to expand at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and urbanization projects across developing countries such as China, India and Brazil that are likely to result in increased construction spending activities over the coming years. In addition, stringent government regulations regarding proper ventilation during production facilities will boost product demand during the forecast period.


The commercial sector includes offices buildings (excluding IT companies), educational institutions (schools/universities) hospitals clinics etc.


Regional Analysis:


North America dominated the global market in 2017 owing to high electricity consumption, coupled with increasing awareness regarding energy conservation. The region is expected to witness growth over the forecast period owing to rising demand for smart homes and connected devices. Europe accounted for a significant share of revenue in 2017 on account of growing awareness about energy-efficient cooling systems among consumers, along with stringent government regulations pertaining to carbon emissions from industrial sources. Asia Pacific is projected to be one of the fastest-growing regions over the forecast period due towards rapid urbanization and increasing disposable income levels in emerging economies such as China and India. Rising consumer preference for air conditioning across various end-use industries such as hospitality, education, healthcare has further propelled product demand across this region.


Growth Factors:


  • Increasing demand for energy-efficient fans
  • Rising disposable income of consumers
  • Growing popularity of ceiling fans
  • Proliferation of online retailing platforms
  • Expansion of distribution channels

Scope Of The Report

Report Attributes

Report Details

Report Title

Residential Fans Market Research Report

By Type

AC Residential Fans, DC Residential Fans

By Application

Home, Commercial

By Companies

Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic, Hunter Fan Company, Orient fans, Usha, Havells India, SMC, ACC, Midea, MOUNTAINAIR, King of Fans, Inc, Airmate

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

197

Number of Tables & Figures

138

Customization Available

Yes, the report can be customized as per your need.


Global Residential Fans Market Report Segments:

The global Residential Fans market is segmented on the basis of:

Types

AC Residential Fans, DC Residential Fans

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

Home, Commercial

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:

  1. Hunter Fan Company
  2. Casablanca
  3. Emerson Ceiling Fans
  4. Minka
  5. Monte Carlo
  6. Craftmade
  7. Litex
  8. Fanimation
  9. Kichler
  10. Panasonic
  11. Hunter Fan Company
  12. Orient fans
  13. Usha
  14. Havells India
  15. SMC
  16. ACC
  17. Midea
  18. MOUNTAINAIR
  19. King of Fans, Inc
  20. Airmate

Global Residential Fans Market Overview


Highlights of The Residential Fans Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. AC Residential Fans
    2. DC Residential Fans
  1. By Application:

    1. Home
    2. Commercial
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Residential Fans 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

Global Residential Fans Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Residential fans are devices used to circulate air in a room. They are typically smaller than commercial fans and use less power, making them more affordable.

Some of the major companies in the residential fans market are Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic, Hunter Fan Company, Orient fans, Usha, Havells India, SMC, ACC, Midea, MOUNTAINAIR, King of Fans, Inc, Airmate.

The residential fans 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 Residential Fans 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 Residential Fans Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Residential Fans 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 Residential Fans 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 Residential Fans Market Size & Forecast, 2018-2028       4.5.1 Residential Fans Market Size and Y-o-Y Growth       4.5.2 Residential Fans Market Absolute $ Opportunity

Chapter 5 Global Residential Fans 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 Residential Fans Market Size Forecast by Type
      5.2.1 AC Residential Fans
      5.2.2 DC Residential Fans
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Residential Fans 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 Residential Fans Market Size Forecast by Applications
      6.2.1 Home
      6.2.2 Commercial
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Residential Fans 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 Residential Fans 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 Residential Fans Analysis and Forecast
   9.1 Introduction
   9.2 North America Residential Fans 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 Residential Fans Market Size Forecast by Type
      9.6.1 AC Residential Fans
      9.6.2 DC Residential Fans
   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 Residential Fans Market Size Forecast by Applications
      9.10.1 Home
      9.10.2 Commercial
   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 Residential Fans Analysis and Forecast
   10.1 Introduction
   10.2 Europe Residential Fans 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 Residential Fans Market Size Forecast by Type
      10.6.1 AC Residential Fans
      10.6.2 DC Residential Fans
   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 Residential Fans Market Size Forecast by Applications
      10.10.1 Home
      10.10.2 Commercial
   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 Residential Fans Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Residential Fans 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 Residential Fans Market Size Forecast by Type
      11.6.1 AC Residential Fans
      11.6.2 DC Residential Fans
   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 Residential Fans Market Size Forecast by Applications
      11.10.1 Home
      11.10.2 Commercial
   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 Residential Fans Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Residential Fans 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 Residential Fans Market Size Forecast by Type
      12.6.1 AC Residential Fans
      12.6.2 DC Residential Fans
   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 Residential Fans Market Size Forecast by Applications
      12.10.1 Home
      12.10.2 Commercial
   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) Residential Fans Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Residential Fans 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) Residential Fans Market Size Forecast by Type
      13.6.1 AC Residential Fans
      13.6.2 DC Residential Fans
   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) Residential Fans Market Size Forecast by Applications
      13.10.1 Home
      13.10.2 Commercial
   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 Residential Fans Market: Competitive Dashboard
   14.2 Global Residential Fans Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Hunter Fan Company
      14.3.2 Casablanca
      14.3.3 Emerson Ceiling Fans
      14.3.4 Minka
      14.3.5 Monte Carlo
      14.3.6 Craftmade
      14.3.7 Litex
      14.3.8 Fanimation
      14.3.9 Kichler
      14.3.10 Panasonic
      14.3.11 Hunter Fan Company
      14.3.12 Orient fans
      14.3.13 Usha
      14.3.14 Havells India
      14.3.15 SMC
      14.3.16 ACC
      14.3.17 Midea
      14.3.18 MOUNTAINAIR
      14.3.19 King of Fans, Inc
      14.3.20 Airmate

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