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Global BLDC Fan Market 2022-2026

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    Report

  • 120 Pages
  • June 2022
  • Region: Global
  • TechNavio
  • ID: 5613221
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The publisher has been monitoring the BLDC fan market and it is poised to grow by $1.10 bn during 2022-2026, accelerating at a CAGR of 7.56% during the forecast period. The report on the BLDC fan market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for energy-efficient electrical fans, increasing demand for cooling systems across varied end-user applications, and growing need amongst end-user industries for advanced technological products.

The BLDC fan market analysis includes the end-user segment and geographic landscape.

The BLDC fan market is segmented as below:


By End-user

  • Commercial
  • Residential

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

This study identifies the increasing disposable income of individuals as one of the prime reasons driving the BLDC fan market growth during the next few years. Also, growth in the housing sector and increasing demand for small and compact DC fans in electrical equipment will lead to sizable demand in the market.

The report on the BLDC fan market covers the following areas:

  • BLDC fan market sizing
  • BLDC fan market forecast
  • BLDC fan market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading BLDC fan market vendors that include Allied Motion Technologies Inc., Atomberg Technologies Pvt. Ltd., Brilltech Vayu, Crompton Greaves Consumer Electricals Ltd., Fanimation Inc., Fantasia Distribution Ltd., Havells India Ltd., Hunter Fan Co., Kichler Lighting LLC, Luminance Brands LLC, MinebeaMitsumi Inc., Minka Lighting Inc., Nidec Corp., OCECO ENERGY Pvt. Ltd., Orient Electric Ltd., Panasonic Holdings Corp., Perfect Enterprises, Usha International Ltd., Versa Drives Pvt Ltd., and Westinghouse Electric Corp.. Also, the BLDC fan market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Incremental Growth
Exhibit 07: Executive Summary - Data Table on Incremental Growth
Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 09: Parent market
Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 20: Threat of new entrants - Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 21: Threat of substitutes - Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
5.1 Market segments
Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user
5.3 Commercial - Market size and forecast 2021-2026
Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
5.4 Residential - Market size and forecast 2021-2026
Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by End-user
Exhibit 36: Market opportunity by End-user ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibit 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
7.2 Geographic comparison
Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 North America - Market size and forecast 2021-2026
Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.5 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 US - Market size and forecast 2021-2026
Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
7.10 India - Market size and forecast 2021-2026
Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
7.11 Japan - Market size and forecast 2021-2026
Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.12 Germany - Market size and forecast 2021-2026
Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity By Geographical Landscape
Exhibit 82: Market opportunity By Geographical Landscape ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
Exhibit 83: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
9.3 Landscape disruption
Exhibit 85: Overview on factors of disruption
9.4 Industry risks
Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered
Exhibit 87: Vendors covered
10.2 Market positioning of vendors
Exhibit 88: Matrix on vendor position and classification
10.3 Allied Motion Technologies Inc.
Exhibit 89: Allied Motion Technologies Inc. - Overview
Exhibit 90: Allied Motion Technologies Inc. - Product / Service
Exhibit 91: Allied Motion Technologies Inc. - Key offerings
10.4 Atomberg Technologies Pvt. Ltd.
Exhibit 92: Atomberg Technologies Pvt. Ltd. - Overview
Exhibit 93: Atomberg Technologies Pvt. Ltd. - Product / Service
Exhibit 94: Atomberg Technologies Pvt. Ltd. - Key offerings
10.5 Brilltech Vayu
Exhibit 95: Brilltech Vayu - Overview
Exhibit 96: Brilltech Vayu - Product / Service
Exhibit 97: Brilltech Vayu - Key offerings
10.6 Crompton Greaves Consumer Electricals Ltd.
Exhibit 98: Crompton Greaves Consumer Electricals Ltd. - Overview
Exhibit 99: Crompton Greaves Consumer Electricals Ltd. - Business segments
Exhibit 100: Crompton Greaves Consumer Electricals Ltd. - Key offerings
Exhibit 101: Crompton Greaves Consumer Electricals Ltd. - Segment focus
10.7 Fantasia Distribution Ltd.
Exhibit 102: Fantasia Distribution Ltd. - Overview
Exhibit 103: Fantasia Distribution Ltd. - Product / Service
Exhibit 104: Fantasia Distribution Ltd. - Key offerings
10.8 Havells India Ltd.
Exhibit 105: Havells India Ltd. - Overview
Exhibit 106: Havells India Ltd. - Business segments
Exhibit 107: Havells India Ltd. - Key news
Exhibit 108: Havells India Ltd. - Key offerings
Exhibit 109: Havells India Ltd. - Segment focus
10.9 OCECO ENERGY Pvt. Ltd.
Exhibit 110: OCECO ENERGY Pvt. Ltd. - Overview
Exhibit 111: OCECO ENERGY Pvt. Ltd. - Product / Service
Exhibit 112: OCECO ENERGY Pvt. Ltd. - Key offerings
10.10 Orient Electric Ltd.
Exhibit 113: Orient Electric Ltd. - Overview
Exhibit 114: Orient Electric Ltd. - Business segments
Exhibit 115: Orient Electric Ltd. - Key news
Exhibit 116: Orient Electric Ltd. - Key offerings
Exhibit 117: Orient Electric Ltd. - Segment focus
10.11 Perfect Enterprises
Exhibit 118: Perfect Enterprises - Overview
Exhibit 119: Perfect Enterprises - Product / Service
Exhibit 120: Perfect Enterprises - Key offerings
10.12 Versa Drives Pvt Ltd.
Exhibit 121: Versa Drives Pvt Ltd. - Overview
Exhibit 122: Versa Drives Pvt Ltd. - Product / Service
Exhibit 123: Versa Drives Pvt Ltd. - Key offerings
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 124: Inclusions checklist
Exhibit 125: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 126: Currency conversion rates for US$
11.4 Research methodology
Exhibit 127: Research methodology
Exhibit 128: Validation techniques employed for market sizing
Exhibit 129: Information sources
11.5 List of abbreviations
Exhibit 130: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on End-user - Market share 2021-2026 (%)
Exhibits 25: Data Table on End-user - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by End-user
Exhibits 27: Data Table on Comparison by End-user
Exhibits 28: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Residential - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Residential - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by End-user ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on China - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on US - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on India - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity By Geographical Landscape ($ million)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: Allied Motion Technologies Inc. - Overview
Exhibits 90: Allied Motion Technologies Inc. - Product / Service
Exhibits 91: Allied Motion Technologies Inc. - Key offerings
Exhibits 92: Atomberg Technologies Pvt. Ltd. - Overview
Exhibits 93: Atomberg Technologies Pvt. Ltd. - Product / Service
Exhibits 94: Atomberg Technologies Pvt. Ltd. - Key offerings
Exhibits 95: Brilltech Vayu - Overview
Exhibits 96: Brilltech Vayu - Product / Service
Exhibits 97: Brilltech Vayu - Key offerings
Exhibits 98: Crompton Greaves Consumer Electricals Ltd. - Overview
Exhibits 99: Crompton Greaves Consumer Electricals Ltd. - Business segments
Exhibits 100: Crompton Greaves Consumer Electricals Ltd. - Key offerings
Exhibits 101: Crompton Greaves Consumer Electricals Ltd. - Segment focus
Exhibits 102: Fantasia Distribution Ltd. - Overview
Exhibits 103: Fantasia Distribution Ltd. - Product / Service
Exhibits 104: Fantasia Distribution Ltd. - Key offerings
Exhibits 105: Havells India Ltd. - Overview
Exhibits 106: Havells India Ltd. - Business segments
Exhibits 107: Havells India Ltd. - Key news
Exhibits 108: Havells India Ltd. - Key offerings
Exhibits 109: Havells India Ltd. - Segment focus
Exhibits 110: OCECO ENERGY Pvt. Ltd. - Overview
Exhibits 111: OCECO ENERGY Pvt. Ltd. - Product / Service
Exhibits 112: OCECO ENERGY Pvt. Ltd. - Key offerings
Exhibits 113: Orient Electric Ltd. - Overview
Exhibits 114: Orient Electric Ltd. - Business segments
Exhibits 115: Orient Electric Ltd. - Key news
Exhibits 116: Orient Electric Ltd. - Key offerings
Exhibits 117: Orient Electric Ltd. - Segment focus
Exhibits 118: Perfect Enterprises - Overview
Exhibits 119: Perfect Enterprises - Product / Service
Exhibits 120: Perfect Enterprises - Key offerings
Exhibits 121: Versa Drives Pvt Ltd. - Overview
Exhibits 122: Versa Drives Pvt Ltd. - Product / Service
Exhibits 123: Versa Drives Pvt Ltd. - Key offerings
Exhibits 124: Inclusions checklist
Exhibits 125: Exclusions checklist
Exhibits 126: Currency conversion rates for US$
Exhibits 127: Research methodology
Exhibits 128: Validation techniques employed for market sizing
Exhibits 129: Information sources
Exhibits 130: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global BLDC fan market: Allied Motion Technologies Inc., Atomberg Technologies Pvt. Ltd., Brilltech Vayu, Crompton Greaves Consumer Electricals Ltd., Fanimation Inc., Fantasia Distribution Ltd., Havells India Ltd., Hunter Fan Co., Kichler Lighting LLC, Luminance Brands LLC, MinebeaMitsumi Inc., Minka Lighting Inc., Nidec Corp., OCECO ENERGY Pvt. Ltd., Orient Electric Ltd., Panasonic Holdings Corp., Perfect Enterprises, Usha International Ltd., Versa Drives Pvt Ltd., and Westinghouse Electric Corp.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is increasing disposable income of individuals.`

According to the report, one of the major drivers for this market is the growing demand for energy-efficient electrical fans.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Allied Motion Technologies Inc.
  • Atomberg Technologies Pvt. Ltd.
  • Brilltech Vayu
  • Crompton Greaves Consumer Electricals Ltd.
  • Fanimation Inc.
  • Fantasia Distribution Ltd.
  • Havells India Ltd.
  • Hunter Fan Co.
  • Kichler Lighting LLC
  • Luminance Brands LLC
  • MinebeaMitsumi Inc.
  • Minka Lighting Inc.
  • Nidec Corp.
  • OCECO ENERGY Pvt. Ltd.
  • Orient Electric Ltd.
  • Panasonic Holdings Corp.
  • Perfect Enterprises
  • Usha International Ltd.
  • Versa Drives Pvt Ltd.
  • Westinghouse Electric Corp.