The Business Research Company Global Home Type Ventilators Market Report 2021: Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, September 25, 2021 /EINPresswire.com/ – According to new market research report ‘Household Type Fans Global Market Report 2021: COVID-19 Impact And Recovery’ released by The Business Research Company , the household type ventilators market is expected to grow from $ 17.45 billion in 2020 to $ 19.11 billion in 2021 at a compound annual growth rate (CAGR) of 9.5%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 26.89 billion in 2025 at a CAGR of 9%. The increase in disposable income has increased the purchasing power of the population, which has increased the market for household fans.
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The household fan manufacturing market includes the sales of household electric fans, including ceiling fans, table fans, pedestal fans, exhaust fans, and wall fans.
Global Household Type Fans Market Trends
Manufacturers of household fans are increasingly producing energy-efficient products to reduce the carbon footprint and enable consumers to save energy. The rise of energy efficient appliances can be attributed to strict government regulations on household appliances and technological advancements. Energy efficient fans are designed to use minimal energy. Currently, more than 80 countries have standards and labels for energy efficient appliances. For example, in the United States, ENERGY STAR certified ceiling fans offer advanced design, use the latest technology, and are 60% more efficient than conventional ceiling fans.
Global Household Type Fans Market Segments:
The global household type ventilator market is further segmented on the basis of product type, current type, application, distribution channel, and geography.
By Product Type: Ceiling Fans, Table Fans, Floor Fans, Exhaust Fans, Wall Fans
By current type: residential AC fans, residential DC fans
By application: home, commercial
By distribution channel: in-store retail, direct sales, out-of-store retail
By Geography: The global household type ventilator market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa.
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The Global Household Type Fans market report 2021 is part of a series of new reports by The Business Research Company which provides household type fans market overviews, analysis and forecast on the size and growth of the market. Global Household Type Fans market market, Household Type Fans market share, Global Household Type Fans market players, Global Household Type Fans market segments and geographies, revenue, profiles and share market share of the main competitors in the household type ventilator market. The Household Type Fans market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read the 2021 Global Home Type Fans Market Report by The Business Research Company to gain insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Household Fan Market Organizations Covered: Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic, Crompton Greaves, Orient fans, Usha, Havells India, SMC, ACC, Midea, MOUNTAINAIR, King of Fans, Airmate, NuTone, Shell Electric, Ajanta Electricals, Henley Fan Company Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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