Home Household appliances Industry analysis of the home-type ventilator market shows that Asia-Pacific accounts for nearly half of the global market share

Industry analysis of the home-type ventilator market shows that Asia-Pacific accounts for nearly half of the global market share

0

TBRC’s Household Type Fans Market forecast provides a comprehensive perspective of market growth, regional analysis, trends, and business opportunities.

LONDON, April 26, 2022 /PRNewswire/ — Asia-Pacific holds the largest household-type ventilator market share, accounting for 47.2% of the total in 2021. It was followed by North America, then the other regions. Going forward, the fastest growing regions in the home type ventilator market will be South America and Asia Pacific where growth will be close at CAGRs of 6.42% and 6.41% respectively. These will be followed by Middle East and Africa where the markets are expected to grow at CAGRs of 6.20% and 6.19% respectively.

The global household fan manufacturing market size is expected to grow from $27.44 billion in 2021 for $29.59 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth of the home-type ventilator market is primarily driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, working remotely and the closure of business activities that have resulted in operational challenges. The market should reach $36.60 billion in 2026 at a CAGR of 5.5%.

Request a Free Sample Report of the Household Type Fans Market

Home Type Ventilator Market Trends See Increased Purpose During COVID

Companies in the home-type fan market are focusing on launching fans with air-purifying technology. Air Purifying Technology filters the air to remove pollutants and bad odors. For example, in March 2021Havells, a Indiaappliance supplier, launched Fanmate, a table fan equipped with a carbon filter to eliminate bad odors and purify the air. The company has also launched ceiling fans with air purifying technology. Havells Stealth Puro Air is equipped with a 3-stage air purifier that filters out pollutants, along with Volatile Organic Compound (VOC) filtration and provides a Clean Air Diffusion Rate (CADR).

Household type fans market segmentation

The household type fans market is segmented by product type into ceiling fans, table, pedestal and wall fans and exhaust fans and others. The ceiling fans market was the largest segment of the household-type fans market segmented by product type, accounting for 65.3% of the total in 2021. Going forward, the market for table, pedestal and wall-mounted fans is expected to be the fastest growing segment in the household type fans market segmented by product type, growing at a CAGR of 6.4% over the period 2021-2026.

The Household Type Fans market is also segmented by Power Type into AC Residential Fans, DC Residential Fans, by Application in Home and Commercial, and by Distribution Channel into In-Store Retail, Direct Sales and non-store retail.

Household Type Fans Market Drivers and Restraints

In the future, global population growth and urbanization, faster economic growth, growth in e-commerce, Internet of Things (IoT), increased global construction activity, economies of energy and benefits and steadily increasing global temperatures will drive the market growth. Factors that may hamper the household type fan market growth in the future include inefficiency in extreme heat and temperature, coronavirus pandemic and stringent energy regulations

Learn more about the Household Type Fans market report

Check out similar market reports:

Global Fans & Blowers Market Report 2022 – By Type (Centrifugal Fans & Blowers, Axial Fans & Blowers, Other Types), By Application (Industrial, Commercial, Other Applications), By Distribution Channel (Online, Offline) – Market size, trends, and global forecasts 2022-2026

Global Small Electrical Appliances Market Report 2022 – By Product (Household Type Fans, Household Type Vacuum Cleaners, Other Small Household Type Electrical Appliances), By Application (Household, Commercial), By Distribution Channel (Supermarkets & Hypermarkets, specialty stores, e-commerce) – Global market size, trends and forecasts 2022-2026

Global Household Appliances Market Report 2022 – By Type (Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator & Household Freezer, Household Laundry Equipment, Other Major Household Appliance), By Application (Kitchen, Cleaning), By Mode ( online, offline) – Global Market Size, Trends and Forecast 2022-2026

Want to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in business, market and consumer research. With locations around the world, it has strategic enablers in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.

The most comprehensive database in the world

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and measures across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess gaps between supply and demand.

Contact information

The Business Research Society
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
E-mail: [email protected]
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Youtube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

SOURCE The Trade Research Society