Global Household Fans Market Report 2022 – Market Forecast, Trends And Strategies

The global household fans market size is expected to grow from $27.44 billion in 2021 to $29.59 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth in the market 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 household fans manufacturing market is expected to reach $36.60 billion in 2026 at a CAGR of 5.5%.

What is the Global Household Fans Market?

The household fans manufacturing market consists of sales of household electric fans including ceiling fans, table fans, pedestal fans, exhaust fans, and wall fans.

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What drives the Global Household Fans Market?

Increased electrification especially in rural areas has contributed to the growth of the household fans market in the historic period. Electrification coupled with the rise in disposable income has boosted the demand for household fans. For example, in India, the percentage of the rural population with access to electricity increased to 89.3%. The Percapita net disposable income increased to $2,018.53. The rise in disposable income increased the purchasing power of the people which in turn has increased the market for household fans.

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Global Household Fans Market Segments
The global household fans market is 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 regions covered in the household fans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Household Fans Global Market Report 2022 provides market size and growth forecasts for the global household fans market, global household fans market share, household fans market segments and geographies, household fans market competitive landscape including leading competitors’ revenues, profiles and market shares. The household fans market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Household Fans Industry Players include Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, and Panasonic. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.