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Global Household Type Fans Market Size, Share, Overview, Trends, Leading Players And Forecast 2031 - Litex, Fanimation, Kichler, Panasonic, and Crompton Greaves
Household Type Fans Market
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The global household type fans market report by the business research company identifies increased electrification especially in rural areas to be a major growth driver for the household type fans. Electrification coupled with the rise in disposable income has boosted the demand for household fans. For example, in India, the percentage of the rural population with access to electricity increased to 90% in 2019. The net disposable income Per capita rose to $1,836.68 during the 2019-2020 period, exhibiting a spike of 6.8% compared to the previous period, with a growth rate of 10.0%. The rise in disposable income increased the purchasing power of the people which in turn has increased the market for household fans.
The global household fans market grew from $27.97 billion in 2021 to $29.82 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The household fans market is expected to grow to $37.49 billion in 2026 at a CAGR of 5.9%.
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Asia Pacific was the largest region in the household fans market in 2021. Western Europe was the second-largest region in the household fans market. The regions covered in the household fans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the household fans market are Hunter Fan Company, Casablanca, Emerson Ceiling Fans, Minka, Monte Carlo, Craftmade, Litex, Fanimation, Kichler, Panasonic, and Crompton Greaves.
The global household type fans market is segmented -
1) By Type Of Product: Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Wall Fans
2) By Type of Current: AC Residential Fans, DC Residential Fans
3) By Application: Home, Commercial
4) By Distribution Channel: Store-based Retailing, Direct Sales, Non-Store-based Retailing
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The Household Type Fans Market Report Contents Include
1. Executive Summary
2. Household Type Fans Market Characteristics
3. Household Type Fans Market Trends And Strategies
4. Household Type Fans Market - Macro Economic Scenario
5. Household Type Fans Market Size And Growth
....
27. Household Type Fans Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Household Type Fans Market
29. Household Type Fans Market Future Outlook And Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the household type fans market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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