Technavio has been monitoring the electric fans market and it is poised to grow by USD 2.06 billion 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.
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.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for premium appliances has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
- Electric Fans Market Size
- Electric Fans Market Trends
- Electric Fans Market Analysis
This study identifies increasing product innovations as one of the prime reasons driving the electric fans market growth during the next few years.
For more information, visit www.technavio.com