The global demand for Residential Air Circulators Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX K Units in 2020 and forecast to touch XX K Units by 2027 with a CAGR of XX% during 2021-2027.
Air circulator is a common and efficient way of regulating temperature and keeping the home cool. They are designed to move and mix hot and cold air layers and provide even air distribution over a larger coverage area. They come in various sizes and models to meet the demands of different uses throughout the house. The models vary based upon features including oscillation settings, tilt range, bladeless fan operation, multiple speeds, timer settings, remote control, and warranty.
Air circulators are widely preferred as a cooling solution due to no refrigerant use, less expensive than an air conditioner, consuming less electricity, running on an inverter during power outages, and low maintenance. The booming housing sector, growing purchasing power, number of people moving to new dwellings, and expanding working population shifting to urban areas support global market growth. The smart home trend and the Internet of Things have caused many new smart air circulators to launch in the market. These intelligent air circulators are noiseless, frictionless, and IoT & voice control. However, air circulators can only circulate air but cannot cool the air. This has resulted in a shift of people towards water coolers and air conditioners, impeding the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of residential air circulators. The growth and trends of Residential Air Circulators Industry provide a holistic approach to this study.
This section of the residential air circulators market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Ceiling Mounted Fans
- Floor Fans
- Pedestal Fans
- Table Top Fans
- Tower Fans
- Wall Mounted Fans
- Window Fans
This section covers the regional outlook, which accentuates current and future demand for the Residential Air Circulators market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Residential Air Circulators Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the residential air circulators market include Mondial, Ventisol, Britania, Westinghouse, Lasko, Panasonic, Mallory, Media, Gree, Philco, Venti-Delta, Valaire. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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