Electric Fan Market Report 2026

The electric fan market size has grown strongly in recent years. It will grow from $12.13 billion in 2025 to $12.79 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to rising household electrification, urbanization and residential growth, increased disposable income, adoption of electric cooling appliances, growth in small-scale industries.

The electric fan market size is expected to see strong growth in the next few years. It will grow to $15.62 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to focus on energy-efficient appliances, smart home adoption, integration with iot ecosystems, demand for portable cooling solutions, government incentives for sustainable products. Major trends in the forecast period include smart fan integration, energy-efficient fan designs, remote-controlled & iot-enabled fans, compact & portable fan solutions, noise reduction & silent operation.

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 July 2025, Systemair AB, a Sweden-based manufacturing and engineering company, acquired NADI Airtechnics Ltd. for an undisclosed amount. Through this acquisition, Systemair aims to strengthen its industrial fan expertise, expand its footprint in India, and scale NADI’s high-performance fan solutions across Europe and the US, particularly in the railway and MRT sectors. NADI Airtechnics Ltd. is an India-based industrial fan manufacturer providing centrifugal blowers, axial fans, railway cooling fans, and specialized ventilation systems for environmental applications.

Major companies operating 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, Deco Breeze.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the electric fan market by increasing import costs for raw materials, components, and finished products, affecting overall pricing and supply chains. Segments such as metal and plastic fans, particularly ceiling and industrial fans, are most impacted due to reliance on international manufacturing. Regions like Asia-Pacific, which are major manufacturing hubs, face higher production costs, whereas local manufacturers may benefit from reduced competition, incentivizing domestic production and innovation in energy-efficient and smart fan solutions.

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.

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.Asia-Pacific was the largest region in the electric fan market in 2025. The regions covered in the electric fan market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric fan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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