Global Household Type Fans Market Report Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
7 Sep, 2021
The household fans manufacturing market consists of sales of household electric fans including ceiling fans, table fans, pedestal fans, exhaust fans and wall fans.
Global Household Type Fans Market Report Market Size:
The global household type fans market is expected to grow from $17.45 billion in 2020 to $19.11 billion in 2021 at a compound annual growth rate (CAGR) of 9.5%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $26.89 billion in 2025 at a CAGR of 9%.
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Trends In The Global Household Type Fans Market Report Market
Household fan manufacturers are increasingly producing energy-efficient products to reduce carbon footprint and enable energy savings for the consumers. The rise of energy-efficient appliances can be attributed to stringent government regulations on electric home appliances and advances in technology. Energy efficient fans are designed to utilize minimum energy. Currently, over 80 countries have standards and labels for energy efficient appliances. For example, in the USA, ENERGY STAR certified ceiling fans provide cutting edge design, use latest technology and are 60% more efficient than conventional ceiling fans.
Global Household Type Fans Market Report Market Segments:
The global household type fans market report market is further segmented –
By Type Of Product: Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans
By Type of Current: AC Residential Fans, DC Residential Fans
By Application: Home, Commercial
By Distribution Channel: Store-Based Retailing, Direct Sales, Non-Store-Based Retailing
By Geography: The global household type fans market report market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among countries, the USA household type fans market accounts for the largest share in the global household type fans market.
Read More On The Report For The Global Household Type Fans Market Report Market At:https://www.thebusinessresearchcompany.com/report/household-type-fans-global-market-report
Household Type Fans Market Report Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides household type fans market report market overviews, analyzes and forecasts market size and growth for the global household type fans market report market, household type fans market report market share, household type fans market report market players, household type fans market report market segments and geographies, household type fans market report market’s leading competitors’ revenues, profiles and market shares. The household type fans market report market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.