About Wall Mount Fans
Wall Mount Fans are fans that are fixed on the wall to provide the air in the room. These fans are great for moving air-conditioned air through indoor spaces. The demand for wall mount fans is increasing rapidly due to the increasing disposable income of the customers and the rising availability of electricity. The less requirement of space is the major reason for the growing adoption of wall mount fans.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
In Wall Mount Fans Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States and Asian Vendors will contribute the maximum growth to Global Wall Mount Fans market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Panasonic Corporation (Japan), Qingdao Aucma Company Limited (China), Ningbo Singfun Electric Appliance Co; Ltd (China), Haier Group Corporation (China), Shenzhen Lianchuang Technology Group Co., Ltd (China), Air King Limited (Canada), Hurricane Fans (United States), Bajaj Electricals Ltd (India), Orient Electric (India), HavellsIndia Limited (India) and Airmaster Fan Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Midea (China), SINGFUN (China), Airmate (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Wall Mount Fans market by Type (Remote Control, Mechanical Control and Others), Application (Household Use and Commercial Use) and Region.
On the basis of geography, the market of Wall Mount Fans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Air Delivery, the sub-segment i.e. 50 to 100 m³/min will boost the Wall Mount Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Wall Mount Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Consumption, the sub-segment i.e. 50-100 Watt will boost the Wall Mount Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Warm Weather Conditions in Asia Pacific Countries has Increased the Use of Wall Mounted Fans
Market Growth Drivers:
Rising Income Levels of the Consumers and Availability of Electricity and Growing Residential Housing Sector
Challenges:
Obstacles unique to regions.
Restraints:
Installation Cost in Wall Fitting the Product
Opportunities:
Demand For Wall Mounted Fans in Commercial Places such as Hotels, Restaurants, and Office Cabins and Fixed Installation and Save Floor Space
Market Leaders and their expansionary development strategies
In February 2023, Panasonic completed acquisition of air conditioning business of Systemair AB of Sweden, operate commercial air-conditioning businesses owned by Systemair AB ("Systemair"), a leading Swedish manufacturer of air quality and air-conditioning equipment.
In September 2021, Panasonic launched new factory in Vietnam for indoor air quality devices. In recent years, interest in better air quality through measures including ventilation has been growing around the world, resulting in increasing demand for indoor air quality (IAQ) related devices such as ventilating fans. Under these situations, Panasonic has been constructing a new factory since October 2019 to meet the active global demand for ventilation solutions.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Wall Mount Fans Providers, Raw Material Suppliers, Traders, Distributors, and Suppliers of Wall Mount Fans, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.