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.
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:
- 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
Highlights of The Residential Fans 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:
- AC Residential Fans
- DC Residential Fans
- By Application:
- Home
- Commercial
- 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 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
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?
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