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NEW YORK , July 18, 2022 /PRNewswire/ -- Technavio has been monitoring the Electric Fans Market, operating under the consumer discretionary market. The latest report estimates the market to register an incremental growth of USD 2.70 billion , at a CAGR of 3.09% during the forecast period. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest Sample Report.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Bajaj Electricals Ltd., Dyson Ltd., Emerson Electric Co., Fanimation Inc., Foshan Sanshui Richy Electric Appliances Co. Ltd., Granso Co. Ltd., Gree Electric Appliances Inc. of Zhuhai, Havells India Ltd., Hunter Fan Co., Koninklijke Philips NV, Matthews Fan Co., Panasonic Corp. are among some of the major market participants. View market snapshot before purchasing
Based on geographic segmentation, Over 45% of the markets originated from APAC during the forecast period. In addition, Ceiling fans led the growth in the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.
The increasing use of ceiling fans as decorative appliances (light fixtures) and the rising number of product innovations in the segment are among the major factors expected to drive the growth of the segment during the forecast period. Download Sample Report.
Electric Fans Market 2022-2026: 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:
This study identifies the increasing product innovations as one of the prime reasons driving the Electric Fans Market growth during the next few years.
Electric Fans Market 2022-2026: Key Highlights
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Accelerate at a CAGR of 3.09%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, India, Germany, and UK
Leading companies, Competitive strategies, Consumer engagement scope
Bajaj Electricals Ltd., Dyson Ltd., Emerson Electric Co., Fanimation Inc., Foshan Sanshui Richy Electric Appliances Co. Ltd., Granso Co. Ltd., Gree Electric Appliances Inc. of Zhuhai, Havells India Ltd., Hunter Fan Co., Koninklijke Philips NV, Matthews Fan Co., Panasonic Corp., Stadler Form Aktiengesellschaft, Swan Products Ltd., Usha International Ltd., Visual Comfort and Co., Westinghouse Electric Corp., CK Birla Group, Crompton Greaves Consumer Electricals Ltd., and Minka Lighting Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
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