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The Electric Fans Market to grow by $ 2.06 bn in 2020, Bajaj Electricals Ltd., Phillips Lighting & Home, and Westinghouse Electric Corp., emerge as Key Contributors to growth |Technavio

LONDON--(BUSINESS WIRE)--Nov 6, 2020--

Technavio has been monitoring the electric fans market and it is poised to grow by USD 2.06 bn during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201106005430/en/

Technavio has announced its latest market research report titled Global Electric Fans Market 2020-2024. (Graphic: Business Wire)

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the electric fans market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • What are the major trends in the market?
    Increasing product innovations is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The market will accelerate at a CAGR of almost 3 % and the incremental growth of the market is anticipated to be $ 2.06 bn.
  • Who are the top players in the market?
    Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Delta T LLC, Emerson Electric Co., Havells India Ltd., Hunter Fan Co., Orient Electric Ltd., Panasonic Corp., Phillips Lighting & Home, and Westinghouse Electric Corp., are some of the major market participants.
  • What is the key market driver?
    The demand for premium appliances one of the major factors driving the market.
  • How big is the APAC market?
    The APAC region will contribute 41% of the market share.

     

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Ltd., Delta T LLC, Emerson Electric Co., Havells India Ltd., Hunter Fan Co., Orient Electric Ltd., Panasonic Corp., Phillips Lighting & Home, and Westinghouse Electric Corp. are some of the major market participants. The demand for premium appliances will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this electric fans market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Electric Fans Market 2020-2024: Segmentation

Electric Fans Market is segmented as below:

  • Product
    • Ceiling Fans
    • Floor Fans
    • Wall-mounted Fans
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40168

Electric Fans Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric fans market report covers the following areas:

  • Electric Fans Market Size
  • Electric Fans Market Trends
  • Electric Fans Market Industry Analysis

This study identifies increasing product innovations as one of the prime reasons driving the electric fans market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Electric Fans Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist electric fans market growth during the next five years
  • Estimation of the electric fans market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric fans market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric fans market vendors

Table of Contents:

PART 1: EXECUTIVE SUMMARY

PART 2: SCOPE OF THE REPORT

PART 3: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain analysis

PART 4: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market outlook

PART 5: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 6: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Ceiling fans - Market size and forecast 2019-2024
  • Floor fans - Market size and forecast 2019-2024
  • Wall-mounted fans - Market size and forecast 2019-2024
  • Market opportunity by product

PART 7: CUSTOMER LANDSCAPE

PART 8: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 9: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing product innovations
  • Growing emphasis on eco-friendly fans
  • Rising demand for customized fans

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bajaj Electricals Ltd.
  • Crompton Greaves Consumer Electricals Ltd.
  • Delta T LLC
  • Emerson Electric Co.
  • Havells India Ltd.
  • Hunter Fan Co.
  • Orient Electric Ltd.
  • Panasonic Corp.
  • Phillips Lighting & Home
  • Westinghouse Electric Corp.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201106005430/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: INTERIOR DESIGN ARCHITECTURE RESIDENTIAL BUILDING & REAL ESTATE MANUFACTURING COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/06/2020 09:15 PM/DISC: 11/06/2020 09:15 PM

http://www.businesswire.com/news/home/20201106005430/en

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