The Business Research Company’s Household Type Fans Global Market Report 2022: Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 8, 2022 /EINPresswire.com/ — According to ‘Household Type Fans Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the household type 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 market is expected to reach $36.60 billion in 2026 at a CAGR of 5.5%. Increased electrification especially in rural areas will contribute to the growth of the household fans market in the forecast period.
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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 Trends
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.
Global Household Type Fans Market Segments
The global household type fan 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 global household fans market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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Household Type Fans Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides household type fans market overviews, household type fans market analysis and household type fans global market forecast market size and growth, household type fans global market share, household type fans market segments and geographies, household type fans market players, household type fans market leading competitor revenues, profiles and market shares. The household type fans market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Household Type Fans Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic, and Crompton Greaves.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
Looking for something else? Here is a list of similar reports by The Business Research Company:
Household Appliances Global Market Report 2022
Small Electrical Appliance Global Market Report 2022
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