Asia Pacific Household Fans Market Forecast to 2031 - Regional Analysis

List of Tables

The Asia Pacific household fans market was valued at US$ 5,779.26 million in 2023 and is expected to reach US$ 8,994.95 million by 2031; it is estimated to register a CAGR of 5.7% from 2023 to 2031.

Growing Sales of Home Appliances Through E-Commerce Channel Boost Asia Pacific Household Fans Market

Online channels such as e-commerce sites, online marketplace, and social media are major platforms for consumers seeking a wide range of household fans. Customers can browse and buy household fans through e-commerce websites conveniently. Online channels enable manufacturers and retailers to reach a global customer base and expand market reach. E-commerce websites ensure the provision of technical information to customers by offering detailed product information, specifications, and installation guides for household fans. User reviews and ratings on e-commerce platforms provide valuable insights into product performance and customer satisfaction.

Many e-commerce platforms highlight the compatibility of household fans with smart home ecosystems, appealing to tech-savvy consumers. The proliferation of smartphones and internet access has expanded the reach of e-commerce platforms. Advances in logistics and delivery services have made it possible for e-commerce platforms to offer reliable shipping. Online shopping offers a convenient experience and enables customers to browse, compare, and purchase products from the comfort of their homes. Sales of household appliances through e-commerce and online sales channels are rising owing to the convenience offered by online shopping, which is expected to create lucrative opportunities for the household fans market during the forecast period.

Asia Pacific Household Fans Market Overview

The household fans market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, Indonesia, Singapore, Vietnam, and the Rest of Asia Pacific. The rising urbanization and increasing disposable income of the middle-class population drive the demand for modern and convenient housewares, including household fans such as ceiling fans, pedestal fans, table fans, wall fans, exhaust fans, and others. According to the International Labor Organization (ILO), the total income of countries in Asia Pacific rose by 3.5% in 2021, whereas China held 0.3% in 2021 and 0.7% in the first half of 2022. Also, total income grew by 12.4% in Central and Western Asia. Further, the growing number of households in the region is a key factor bolstering the demand for household fans in Asia Pacific. Asia Pacific is home to nearly two-thirds of the world's population, with over 2.2 billion citizens residing in major cities. In the region, many consumers tend to opt for affordable and basic household fans. In recent years, several trends have shaped the household fans market in emerging countries such as China, Japan, South Korea, India, and Australia. One of these trends is the growing preference for multifunctional household fans. Consumers seek versatile products that perform multiple tasks, promoting efficiency and energy-saving in their household. As a result, manufacturers have responded to these demands by developing innovative household fans. In May 2021, Crompton Greaves Consumer Electricals Ltd., India's market leader in the ceiling fan category, launched a new advanced range of IoT-enabled SilentPro Smart ceiling fans. This new aerodynamic design consists of ActivBLDC technology making it two times more silent and saving up to 50% on electricity cost. Moreover, smart technology integration has been a critical trend for household fan manufacturers. This trend reflects a growing interest in household fans among consumers across Asia Pacific.

Asia Pacific Household Fans Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Household Fans Market Segmentation

The Asia Pacific household fans market is categorized into product type, distribution channel, and country.

Based on product type, the Asia Pacific household fans market is segmented into ceiling fan, pedestal fan, table fan, exhaust fan, wall fan, and others. The ceiling fan segment held the largest market share in 2023.

In terms of distribution channel, the Asia Pacific household fans market is categorized into supermarkets & hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest market share in 2023.

By country, the Asia Pacific household fans market is segmented into Australia, China, India, Japan, South Korea, Vietnam, Indonesia, Singapore, and the Rest of Asia Pacific. China dominated the Asia Pacific household fans market share in 2023.

Crompton Greaves Consumer Electricals Ltd; Honeywell International Inc; Vornado Air, LLC; Panasonic Holdings Corp; SEB SA; and TOSHIBA CORPORATION are some of the leading companies operating in the Asia Pacific household fans market.

Product Code: BMIRE00031529

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. Asia Pacific 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

5. Asia Pacific Household Fans Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Number of Households and Residences
- 5.1.2 Rising Preference for Energy-Efficient Household Fans
5.2 Market Restraints
- 5.2.1 Competition from Substitute Cooling Solutions
5.3 Market Opportunities
- 5.3.1 Growing Sales of Home Appliances Through E-Commerce Channel
5.4 Future Trends
- 5.4.1 Development and Adoption of Smart Ceiling Fans
5.5 Impact of Drivers and Restraints:

6. Household Fans Market - Asia Pacific Analysis

6.1 Asia Pacific Household Fans Market Overview
6.2 Household Fans Market Volume (Million Units), 2021-2031
6.3 Household Fans Market Volume Forecast and Analysis (Million Units)
6.4 Household Fans Market Revenue (US$ Million), 2023-2031
6.5 Household Fans Market Forecast and Analysis

7. Asia Pacific 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. Asia Pacific Household Fans Market Volume and Revenue Analysis - by Distribution Channel

8.1 Supermarkets & Hypermarkets
- 8.1.1 Overview
- 8.1.2 Supermarkets & Hypermarkets: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.1.3 Supermarkets & 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. Asia Pacific Household Fans Market - Country Analysis

9.1 Asia Pacific
- 9.1.1 Asia Pacific Household Fans Market Breakdown, by Key Countries, 2023 and 2031 (%)
  - 9.1.1.1 Asia Pacific Household Fans Market Volume and Forecast and Analysis - by Country
  - 9.1.1.2 Asia Pacific Household Fans Market Revenue and Forecast and Analysis - by Country
  - 9.1.1.3 Australia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.3.1 Australia Household Fans Market Breakdown by Product Type
    - 9.1.1.3.2 Australia Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.4 China Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.4.1 China Household Fans Market Breakdown by Product Type
    - 9.1.1.4.2 China Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.5 India Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.5.1 India Household Fans Market Breakdown by Product Type
    - 9.1.1.5.2 India Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.6 Japan Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.6.1 Japan Household Fans Market Breakdown by Product Type
    - 9.1.1.6.2 Japan Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.7 South Korea Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.7.1 South Korea Household Fans Market Breakdown by Product Type
    - 9.1.1.7.2 South Korea Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.8 Indonesia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.8.1 Indonesia Household Fans Market Breakdown by Product Type
    - 9.1.1.8.2 Indonesia Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.9 Singapore Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.9.1 Singapore Household Fans Market Breakdown by Product Type
    - 9.1.1.9.2 Singapore Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.10 Vietnam Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.10.1 Vietnam Household Fans Market Breakdown by Product Type
    - 9.1.1.10.2 Vietnam Household Fans Market Breakdown by Distribution Channel
  - 9.1.1.11 Rest of Asia Pacific Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
    - 9.1.1.11.1 Rest of Asia Pacific Household Fans Market Breakdown by Product Type
    - 9.1.1.11.2 Rest of Asia Pacific 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 Vornado Air, 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 Panasonic Holdings Corp
- 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 SEB SA
- 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 TOSHIBA CORPORATION
- 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

13. Appendix

13.1 About The Insight Partners