Global Portable Fan Market Overview:
A portable fan is a chord connected appliance that can be easily moved by hand. The market for portable fans has gained pace due to its compact design and lightweight. These fans are powered by either an electric motor, batteries or can be recharged by USB. This makes the portable fans a perfect option for use in offices or schools with small space availability, and especially during a power outage. Owing to the design features, the market for portable fans is forecasted to rise significantly worldwide.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Variable Mounting Options and Minimal Maintenance Attracting Buyers
- Compact Design Allows Installation in a Small Space
Roadblocks
- Hazards Such As Electrocution, Fires, and Electric Shocks Inhibit Growth of the Market
Opportunities
- Rising Demand for Smaller, Hand-Held Electrical Utilities
- Highly Convenient for Travelers
Challenges
- Overheating of Motor Due To Long Operational Hours
Competitive Landscape:
Top Manufacturers in the market are continuously focusing on technological developments to thrive in the market. The developments are focus to assess energy consumption with respect to performance. Another area of advancement involves the cost-efficient operation of the product.
Some of the key players profiled in the report are Havells India Ltd. (India), Bajaj Electricals Ltd (India), Honeywell International Inc. (United States), Focus Technology Co., Ltd. (China), Dyson Ltd. (Singapore), Usha International Ltd. (India), Lasko products LLC (United States), Stadler Form AG (Switzerland), Vornado (United States) and Sunbeam Products, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like O2 Cool (United States), Deco Breeze (United States), Westinghouse Electric Corporation (United States) and Shenzhen Imipow Electronic Tech. Co., Ltd. (China). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Portable Fan market by 2027. Considering Market by Shell Type, the sub-segment i.e. Metal will boost the Portable Fan market. Considering Market by Input, the sub-segment i.e. AC {Electric Motor} will boost the Portable Fan market.
The U.S. Consumer Product Safety Commission (CPSC) staff initiated an activity to assess the adequacy of the industry voluntary standard for portable electric fans. The voluntary safety standard for portable electric fans is Underwriters Laboratories Standard for Safety for Electric Fans, UL 507. The voluntary standard contains several requirements designed to address failure mechanisms identified that could result in potential fires and shock hazards. The UL standard for Rotor Tests includes a locked rotor test to address overheating due to a stalled motor. The UL standard for internal wiring requires that wiring between the motor and the base of an oscillating fan has a rubber or other insulation not less than 0.4 mm (1/64 inch) thick on each conductor, and not be of such length and location that results in damage by intended operation.
What Can be Explored with the Portable Fan Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Portable Fan Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Portable Fan
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Portable Fan market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Portable Fan market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Portable Fan Manufacturer, Distributor and Supplier, Raw Material Supplier, End-User and Traders/Distributors/Suppliers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.