Electric Fan Global Market Report 2025

The electric fan market size has grown strongly in recent years. It will grow from $11.49 billion in 2024 to $12.13 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth during the historic period can be attributed to several factors, including increased urbanization, higher disposable incomes, more frequent heatwaves, government-led electrification programs, the cost advantage over air conditioners, and growing awareness of energy efficiency.

The electric fan market size is expected to see strong growth in the next few years. It will grow to $14.87 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The projected growth in the forecast period can be attributed to rising global temperatures, increasing demand for energy-efficient appliances, expanding urban housing developments, a consumer shift toward sustainable cooling solutions, growth in construction activities, and heightened health awareness regarding indoor air circulation. Key trends expected during this period include the integration of Internet of Things (IoT) and smart control technologies, the development of solar-powered fans, voice-activated control features, energy-efficient inverter technology, advanced air purification capabilities, remote and app-based control systems, and compatibility with home automation systems.

The increasing global temperatures are expected to propel the growth of the electric fan market. Global temperature refers to the average surface temperature of the Earth, including both land and ocean areas. The ongoing rise in temperatures is primarily attributed to the buildup of greenhouse gases (GHGs) in the atmosphere, which trap heat and contribute to global warming. As a response to the growing need for sustainable cooling, electric fans are gaining popularity as energy-efficient alternatives to air conditioning. They enhance air circulation, provide effective personal cooling, and allow for higher thermostat settings helping reduce overall energy consumption and associated emissions. For instance, in January 2025, the National Centers for Environmental Information, a US-based government agency, reported that global surface temperatures in 2024 were 2.32°F (1.29°C) above the 20th-century average, surpassing the previous record of 2.12°F (1.18°C) set in 2023. As a result, the demand for electric fans is rising in response to the intensifying heat and the growing push for energy-efficient climate solutions.

Leading manufacturers in the electric fan market are innovating with next-generation fan technologies that combine energy efficiency, smart features, and modern aesthetics. These advanced ceiling fans incorporate brushless direct current (BLDC) motors for lower energy consumption and quieter operation, along with smart connectivity for remote or voice control, customizable settings, and integrated lighting options. For example, in April 2024, Bajaj Electricals Ltd., an India-based electrical appliances company, launched the Nex series of ceiling fans. These fans use Aerology technology to deliver 20% higher air thrust than conventional models and feature BLDC motors for enhanced energy efficiency. Designed to appeal to modern, urban consumers, the Nex fans offer a balance of high performance, low noise, and sleek design, reflecting the growing demand for technologically advanced and visually appealing home comfort solutions.

In January 2022, Griffon Corporation, a US-based diversified management and holding company, acquired Hunter Fan Company for $845 million. This strategic acquisition aims to expand Griffon's home and building products portfolio and solidify its position in the residential air circulation and comfort segment. Hunter Fan Company, headquartered in the United States, is a leading manufacturer of electric ceiling fans and air movement products designed for both residential and commercial applications. The acquisition allows Griffon to leverage Hunter’s brand recognition, product innovation, and distribution network to capture a larger share of the growing electric fan market.

Major players in the electric fan market are LG Electronics Inc., Panasonic Holdings Corporation, Midea Group, Xiaomi Corporation, Haier Group Corporation, Mitsubishi Electric, Gree Electric Appliances Inc., Dyson Ltd., SMC Corporation, Emerson Electric Co., Havells India Ltd., V-Guard Industries Ltd., Bajaj Electricals Ltd., Khind Holdings Berhad, Usha International Ltd., Orient Electric Limited, Atomberg, Minka Group, Russell Hobbs, and Deco Breeze.

Asia-Pacific was the largest region in the electric fan market in 2024. The regions covered in electric fan report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electric fan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An electric fan is a mechanical appliance that employs an electric motor to spin blades, creating airflow to help circulate air within a given area. It generally comprises a housing unit, blades, motor, and control system. The primary function of an electric fan is to offer ventilation and cooling by moving air throughout a room or across a surface.

The main product types in the electric fan includes wall fans, table fans, ceiling fans, exhaust fans, and pedestal fans. Wall fans are electrically operated units mounted on walls, designed to distribute air across a room or toward a specific area. These fans are made from a range of materials, primarily metal and plastic, and are sold through both online and offline distribution channels. They are used in a variety of settings such as industrial, residential, and commercial environments, serving end-users like corporate clients, individual buyers, and maintenance professionals.

The electric fan market research report is one of a series of new reports that provides electric fan market statistics, including electric fan industry global market size, regional shares, competitors with a electric fan market share, detailed electric fan market segments, market trends and opportunities, and any further data you may need to thrive in the electric fan industry. This electric fan market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric fan market consists of sales of tower fans, box fans, floor fans, bladeless fans, industrial fans, and misting fans. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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