Product Code: TIPRE00039283
The household fans market size was valued at US$ 13.67 billion in 2023 and is projected to reach US$ 20.18 billion by 2031; it is anticipated to record a CAGR of 5.0% from 2023 to 2031.
The household fans market consists of small electrical appliances dedicated to the circulation and cooling of air in home environments. This includes various fan types such as ceiling fans, pedestal fans, table fans, tower fans, and wall-mounted fans. Factors such as rising temperatures, increasing urbanization, and raising awareness for energy-efficient cooling solutions are a few of the major driving the growth of household fans sector. Innovative technologies have led to the creation of smart fans, such as remote-control fans, fans with variable speeds, fans integrated into home automation systems, etc. The intensity of competition is high, with both well-known brands and newcomers competing for market share through product innovation, energy efficiency, and aesthetic design. Geographical preferences and climatic conditions affect customer choices, as tropical and subtropical areas are more prone to higher temperatures, leading to huge demand. As environmentally-conscious consumers rise to the forefront of the consumer world, more and more people are showing an inclination for energy-efficient appliances and those using sustainable materials.
Based on product type, the household fans market is segmented into ceiling fan, pedestal fan, table fan, exhaust fan, wall fan, and others. In 2023, the ceiling fan segment held the largest market share, and it is expected to register the highest CAGR from 2023 to 2031. Ceiling fans are often equipped with multiple speed settings and can rotate in different directions; counterclockwise rotation is used in summer to create a cooling breeze, while clockwise rotation in winter helps redistribute warm air trapped near the ceiling. Modern ceiling fans might also include additional features such as integrated light fixtures, remote controls, and smart technology compatibility, allowing for more efficient and convenient operation.
In 2023, North America had a significant household fans market share. North America is one of the most significant regions for companies in the global household fans market, as there has been a noticeable shift in this region toward energy-efficient cooling options. The household fans market in North America is segmented into the US, Canada, and Mexico. Consumers in these countries continuously seek economical household cooling options that reduce the need for excessive energy. Besides the excessive use of air conditioners, sustainability has become a primary concern, leading to the popularity of household fans. Factors such as the cost-effectiveness and durability of household fans and increased construction activity in the region positively impact the market growth.
Crompton Greaves Consumer Electricals Ltd; Honeywell International Inc; Lasko Products, LLC; Vornado Air, LLC; Panasonic Holdings Corp; Hunter Fan Co; Ozeri; SEG Products Inc; SEB SA; and TOSHIBA CORPORATION are among the prominent players profiled in the household fans market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The household fans market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.
The overall global household fans market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the household fans market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
4. Household Fans Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Household Fan Manufacturers
- 4.3.3 Distributors
- 4.3.4 Distribution Channel
- 4.3.5 List of Vendors in the Value Chain
5. Household Fans Market - Key Market Dynamics
- 5.1 Global Household Fans Market - Key Market Dynamics
- 5.2 Market Drivers
- 5.2.1 Growing Number of Households and Residences
- 5.2.2 Rising Preference for Energy-Efficient Household Fans
- 5.3 Market Restraints
- 5.3.1 Competition from Substitute Cooling Solutions
- 5.4 Market Opportunities
- 5.4.1 Growing Sales of Home Appliances Through E-Commerce Channel
- 5.5 Future Trends
- 5.5.1 Development and Adoption of Smart Ceiling Fans
- 5.6 Impact of Drivers and Restraints:
6. Household Fans Market - Global Market Analysis
- 6.1 Household Fans Market Volume (Million Units), 2021-2031
- 6.2 Household Fans Market Volume Forecast and Analysis (Million Units)
- 6.3 Household Fans Market Revenue (US$ Million), 2023-2031
- 6.4 Household Fans Market Forecast and Analysis
7. Household Fans Market Volume and Revenue Analysis - by Product Type
- 7.1 Ceiling Fan
- 7.1.1 Overview
- 7.1.2 Ceiling Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.1.3 Ceiling Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Pedestal Fan
- 7.2.1 Overview
- 7.2.2 Pedestal Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.2.3 Pedestal Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Table Fan
- 7.3.1 Overview
- 7.3.2 Table Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.3.3 Table Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Exhaust Fan
- 7.4.1 Overview
- 7.4.2 Exhaust Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.4.3 Exhaust Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.5 Wall Fan
- 7.5.1 Overview
- 7.5.2 Wall Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.5.3 Wall Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.6.3 Others: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
8. Household Fans Market Volume and Revenue Analysis - by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Overview
- 8.1.2 Supermarkets and Hypermarkets: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.1.3 Supermarkets and Hypermarkets: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Specialty Stores
- 8.2.1 Overview
- 8.2.2 Specialty Stores: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.2.3 Specialty Stores: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8.3 Online Retail
- 8.3.1 Overview
- 8.3.2 Online Retail: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.3.3 Online Retail: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.4.3 Others: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
9. Household Fans Market - Geographical Analysis
- 9.1 Overview
- 9.2 North America
- 9.2.1 North America Household Fans Market Overview
- 9.2.2 North America Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 9.2.3 North America Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.4 North America Household Fans Market Breakdown by Product Type
- 9.2.4.1 North America Household Fans Market Volume and Forecast and Analysis - by Product Type
- 9.2.4.2 North America Household Fans Market Revenue and Forecast and Analysis - by Product Type
- 9.2.5 North America Household Fans Market Breakdown by Distribution Channel
- 9.2.5.1 North America Household Fans Market Volume and Forecast and Analysis - by Distribution Channel
- 9.2.5.2 North America Household Fans Market Revenue and Forecast and Analysis - by Distribution Channel
- 9.2.6 North America Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.2.6.1 North America Household Fans Market Volume and Forecast and Analysis - by Country
- 9.2.6.2 North America Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.2.6.3 United States Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.6.3.1 United States Household Fans Market Breakdown by Product Type
- 9.2.6.3.2 United States Household Fans Market Breakdown by Distribution Channel
- 9.2.6.4 Canada Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.6.4.1 Canada Household Fans Market Breakdown by Product Type
- 9.2.6.4.2 Canada Household Fans Market Breakdown by Distribution Channel
- 9.2.6.5 Mexico Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.2.6.5.1 Mexico Household Fans Market Breakdown by Product Type
- 9.2.6.5.2 Mexico Household Fans Market Breakdown by Distribution Channel
- 9.3 Europe
- 9.3.1 Europe Household Fans Market Overview
- 9.3.2 Europe Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 9.3.3 Europe Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.4 Europe Household Fans Market Breakdown by Product Type
- 9.3.4.1 Europe Household Fans Market Volume and Forecast and Analysis - by Product Type
- 9.3.4.2 Europe Household Fans Market Revenue and Forecast and Analysis - by Product Type
- 9.3.5 Europe Household Fans Market Breakdown by Distribution Channel
- 9.3.5.1 Europe Household Fans Market Volume and Forecast and Analysis - by Distribution Channel
- 9.3.5.2 Europe Household Fans Market Revenue and Forecast and Analysis - by Distribution Channel
- 9.3.6 Europe Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.3.6.1 Europe Household Fans Market Volume and Forecast and Analysis - by Country
- 9.3.6.2 Europe Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.3.6.3 Germany Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.6.3.1 Germany Household Fans Market Breakdown by Product Type
- 9.3.6.3.2 Germany Household Fans Market Breakdown by Distribution Channel
- 9.3.6.4 France Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.6.4.1 France Household Fans Market Breakdown by Product Type
- 9.3.6.4.2 France Household Fans Market Breakdown by Distribution Channel
- 9.3.6.5 Italy Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.6.5.1 Italy Household Fans Market Breakdown by Product Type
- 9.3.6.5.2 Italy Household Fans Market Breakdown by Distribution Channel
- 9.3.6.6 United Kingdom Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.6.6.1 United Kingdom Household Fans Market Breakdown by Product Type
- 9.3.6.6.2 United Kingdom Household Fans Market Breakdown by Distribution Channel
- 9.3.6.7 Russia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.6.7.1 Russia Household Fans Market Breakdown by Product Type
- 9.3.6.7.2 Russia Household Fans Market Breakdown by Distribution Channel
- 9.3.6.8 Rest of Europe Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.3.6.8.1 Rest of Europe Household Fans Market Breakdown by Product Type
- 9.3.6.8.2 Rest of Europe Household Fans Market Breakdown by Distribution Channel
- 9.4 Asia Pacific
- 9.4.1 Asia Pacific Household Fans Market Overview
- 9.4.2 Asia Pacific Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 9.4.3 Asia Pacific Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.4 Asia Pacific Household Fans Market Breakdown by Product Type
- 9.4.4.1 Asia Pacific Household Fans Market Volume and Forecast and Analysis - by Product Type
- 9.4.4.2 Asia Pacific Household Fans Market Revenue and Forecast and Analysis - by Product Type
- 9.4.5 Asia Pacific Household Fans Market Breakdown by Distribution Channel
- 9.4.5.1 Asia Pacific Household Fans Market Volume and Forecast and Analysis - by Distribution Channel
- 9.4.5.2 Asia Pacific Household Fans Market Revenue and Forecast and Analysis - by Distribution Channel
- 9.4.6 Asia Pacific Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.4.6.1 Asia Pacific Household Fans Market Volume and Forecast and Analysis - by Country
- 9.4.6.2 Asia Pacific Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.4.6.3 Australia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.3.1 Australia Household Fans Market Breakdown by Product Type
- 9.4.6.3.2 Australia Household Fans Market Breakdown by Distribution Channel
- 9.4.6.4 China Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.4.1 China Household Fans Market Breakdown by Product Type
- 9.4.6.4.2 China Household Fans Market Breakdown by Distribution Channel
- 9.4.6.5 India Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.5.1 India Household Fans Market Breakdown by Product Type
- 9.4.6.5.2 India Household Fans Market Breakdown by Distribution Channel
- 9.4.6.6 Japan Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.6.1 Japan Household Fans Market Breakdown by Product Type
- 9.4.6.6.2 Japan Household Fans Market Breakdown by Distribution Channel
- 9.4.6.7 South Korea Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.7.1 South Korea Household Fans Market Breakdown by Product Type
- 9.4.6.7.2 South Korea Household Fans Market Breakdown by Distribution Channel
- 9.4.6.8 Indonesia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.8.1 Indonesia Household Fans Market Breakdown by Product Type
- 9.4.6.8.2 Indonesia Household Fans Market Breakdown by Distribution Channel
- 9.4.6.9 Singapore Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.9.1 Singapore Household Fans Market Breakdown by Product Type
- 9.4.6.9.2 Singapore Household Fans Market Breakdown by Distribution Channel
- 9.4.6.10 Vietnam Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.10.1 Vietnam Household Fans Market Breakdown by Product Type
- 9.4.6.10.2 Vietnam Household Fans Market Breakdown by Distribution Channel
- 9.4.6.11 Rest of APAC Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.4.6.11.1 Rest of APAC Household Fans Market Breakdown by Product Type
- 9.4.6.11.2 Rest of APAC Household Fans Market Breakdown by Distribution Channel
- 9.5 Middle East and Africa
- 9.5.1 Middle East and Africa Household Fans Market Overview
- 9.5.2 Middle East and Africa Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 9.5.3 Middle East and Africa Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.4 Middle East and Africa Household Fans Market Breakdown by Product Type
- 9.5.4.1 Middle East and Africa Household Fans Market Volume and Forecast and Analysis - by Product Type
- 9.5.4.2 Middle East and Africa Household Fans Market Revenue and Forecast and Analysis - by Product Type
- 9.5.5 Middle East and Africa Household Fans Market Breakdown by Distribution Channel
- 9.5.5.1 Middle East and Africa Household Fans Market Volume and Forecast and Analysis - by Distribution Channel
- 9.5.5.2 Middle East and Africa Household Fans Market Revenue and Forecast and Analysis - by Distribution Channel
- 9.5.6 Middle East and Africa Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.5.6.1 Middle East and Africa Household Fans Market Volume and Forecast and Analysis - by Country
- 9.5.6.2 Middle East and Africa Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.5.6.3 South Africa Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.6.3.1 South Africa Household Fans Market Breakdown by Product Type
- 9.5.6.3.2 South Africa Household Fans Market Breakdown by Distribution Channel
- 9.5.6.4 Saudi Arabia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.6.4.1 Saudi Arabia Household Fans Market Breakdown by Product Type
- 9.5.6.4.2 Saudi Arabia Household Fans Market Breakdown by Distribution Channel
- 9.5.6.5 United Arab Emirates Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.6.5.1 United Arab Emirates Household Fans Market Breakdown by Product Type
- 9.5.6.5.2 United Arab Emirates Household Fans Market Breakdown by Distribution Channel
- 9.5.6.6 Rest of Middle East and Africa Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.5.6.6.1 Rest of Middle East and Africa Household Fans Market Breakdown by Product Type
- 9.5.6.6.2 Rest of Middle East and Africa Household Fans Market Breakdown by Distribution Channel
- 9.6 South and Central America
- 9.6.1 South and Central America Household Fans Market Overview
- 9.6.2 South and Central America Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 9.6.3 South and Central America Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.4 South and Central America Household Fans Market Breakdown by Product Type
- 9.6.4.1 South and Central America Household Fans Market Volume and Forecast and Analysis - by Product Type
- 9.6.4.2 South and Central America Household Fans Market Revenue and Forecast and Analysis - by Product Type
- 9.6.5 South and Central America Household Fans Market Breakdown by Distribution Channel
- 9.6.5.1 South and Central America Household Fans Market Volume and Forecast and Analysis - by Distribution Channel
- 9.6.5.2 South and Central America Household Fans Market Revenue and Forecast and Analysis - by Distribution Channel
- 9.6.6 South and Central America Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.6.6.1 South and Central America Household Fans Market Volume and Forecast and Analysis - by Country
- 9.6.6.2 South and Central America Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.6.6.3 Brazil Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.6.3.1 Brazil Household Fans Market Breakdown by Product Type
- 9.6.6.3.2 Brazil Household Fans Market Breakdown by Distribution Channel
- 9.6.6.4 Argentina Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.6.4.1 Argentina Household Fans Market Breakdown by Product Type
- 9.6.6.4.2 Argentina Household Fans Market Breakdown by Distribution Channel
- 9.6.6.5 Rest of South and Central America Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.6.6.5.1 Rest of South and Central America Household Fans Market Breakdown by Product Type
- 9.6.6.5.2 Rest of South and Central America Household Fans Market Breakdown by Distribution Channel
10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Market Players
- 10.2 Company Positioning & Concentration
11. Industry Landscape
- 11.1 Overview
- 11.2 New Product Launches
- 11.3 Expansion
12. Company Profiles
- 12.1 Crompton Greaves Consumer Electricals Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Honeywell International Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Lasko Products, LLC
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Vornado Air, LLC
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Panasonic Holdings Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Hunter Fan Co
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Ozeri
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 SEG Products Inc
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 SEB SA
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 TOSHIBA CORPORATION
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners