Market Overview:
The Global Tower Combo Fans Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient tower combo fans across commercial and residential applications. In terms of type, the market is segmented into height ≤30â€, 30-40â€, and ≥40†segments. The height ≤30†segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for low-height tower combo fans in residential applications across regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA).
Product Definition:
A tower combo fan is a type of fan that combines the features of a tower fan and a desk fan. Tower combo fans are typically taller than desk fans, and they have wider blades. This makes them better suited for cooling large spaces. Tower combo fans also typically have more settings than desk fans, which allows you to customize the airflow to meet your needs.
Height ≤30â€:
30-40â€:
30-40" is the most popular size of tower fans. It's also known as a personal fan or table fan. They are used for cooling off rooms, providing white noise or moving air around in home and commercial places like offices, etc.
They are very convenient to use as they require no electricity and can be carried around easily.
Application Insights:
The commercial application segment dominated the global tower combo fans market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to an increase in construction activities and renovation projects across various regions, including Asia Pacific and Middle East & Africa. In addition, a rise in infrastructural development projects is expected to drive demand over the forecast period.
Residential application is projected to witness significant growth over the forecast period owing to increasing urbanization across various regions coupled with favorable government policies promoting home ownership as an investment opportunity for individuals desiring higher returns on their savings investments. This trend has resulted in increased number of residential constructions globally; thus, driving demand for tower fans worldwide over the recent past few years since 2016-17 till now.
Tower fan manufacturers are focusing on developing products that meet or exceed environmental requirements set by regulatory bodies such as Energy Star and Green Building Council (GBC).
Regional Analysis:
North America dominated the global tower combo fans market in 2017. The U.S., in particular, is one of the most humid and hot countries globally, thus making it a prime location for large commercial buildings such as hotels, hospitals and malls etc. Moreover, with rising concerns regarding energy consumption and comfort among customers due to high temperatures inside these buildings during peak hours, demand for cooling systems has been increasing rapidly over the past few years in this region.
Asia Pacific also known as APAC is projected to be one of fastest growing regions with a CAGR of XX% from 2018 to 2030 owing to rapid urbanization along with increasing construction activities mainly due towards infrastructure development especially across China & India are some major factors driving regional growth at a significant pace over next few years.
Growth Factors:
- Increasing demand for energy-efficient appliances: A key factor driving the growth of the Tower Combo Fans market is the increasing demand for energy-efficient appliances. Consumers are increasingly becoming aware of the benefits of using energy-efficient appliances and are looking for products that offer high performance while consuming less power. This is likely to boost demand for Tower Combo Fans in the coming years.
- Rising disposable income: Another major driver for the Tower Combo Fans market is rising disposable income, which has led to an increase in consumer spending on home appliances such as fans. With more consumers able to afford premium products, demand for high-end Tower Combo Fans is expected to rise in the coming years.
- Growing awareness about air quality: A growing number of consumers are becoming aware about air quality and its impact on their health and wellbeing. This has led to an increase in demand for air purifiers, which often include fans as a component thereof. As a result, sales of standalone fans are declining while sales of tower combo fans are increasing rapidly, thereby benefiting this market segment directly..
Scope Of The Report
Report Attributes
Report Details
Report Title
Tower Combo Fans Market Research Report
By Type
Height ≤30”, 30-40”, ≥40”
By Application
Commercial, Residential
By Companies
Dyson, Lasko, Honeywell, Siroca, Dimplex, Delonghi, Bionaire, Vornado, Pelonis, Homech, TaoTronics
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Tower Combo Fans Market Report Segments:
The global Tower Combo Fans market is segmented on the basis of:
Types
Height ≤30”, 30-40”, ≥40”
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
Commercial, Residential
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:
- Dyson
- Lasko
- Honeywell
- Siroca
- Dimplex
- Delonghi
- Bionaire
- Vornado
- Pelonis
- Homech
- TaoTronics
Highlights of The Tower Combo 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:
- Height ≤30”
- 30-40”
- ≥40”
- By Application:
- Commercial
- Residential
- 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 Tower Combo 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?
A tower combo fan is a type of ceiling fan that has two or more blades. This allows it to circulate more air than a standard single blade fan, which can help reduce humidity and heat in a room.
Some of the key players operating in the tower combo fans market are Dyson, Lasko, Honeywell, Siroca, Dimplex, Delonghi, Bionaire, Vornado, Pelonis, Homech, TaoTronics.
The tower combo 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 Tower Combo 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 Tower Combo Fans Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tower Combo 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 Tower Combo 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 Tower Combo Fans Market Size & Forecast, 2020-2028 4.5.1 Tower Combo Fans Market Size and Y-o-Y Growth 4.5.2 Tower Combo Fans Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Height ≤30”
5.2.2 30-40”
5.2.3 ≥40”
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tower Combo 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 Tower Combo 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Height ≤30”
9.6.2 30-40”
9.6.3 ≥40”
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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Height ≤30”
10.6.2 30-40”
10.6.3 ≥40”
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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Height ≤30”
11.6.2 30-40”
11.6.3 ≥40”
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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Height ≤30”
12.6.2 30-40”
12.6.3 ≥40”
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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Height ≤30”
13.6.2 30-40”
13.6.3 ≥40”
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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
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 Tower Combo Fans Market: Competitive Dashboard
14.2 Global Tower Combo Fans Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dyson
14.3.2 Lasko
14.3.3 Honeywell
14.3.4 Siroca
14.3.5 Dimplex
14.3.6 Delonghi
14.3.7 Bionaire
14.3.8 Vornado
14.3.9 Pelonis
14.3.10 Homech
14.3.11 TaoTronics