What is Residential Air Circulators?
Air circulators keep the air in the room moving, but an air cooler uses water to create a “wind chill effect” by pushing the air straight into the room. Air circulators are becoming more widespread in companies, fitness centers, and private residences. They are less expensive than an air conditioner and provide a viable alternative to air coolers in terms of cooling. Residential air circulators create a more comfortable environment by moving heat downwards while maintaining room temperature on an even keel and lowers the cost of the energy bill by spreading the heat more efficiently, saving the energy needed for the air circulator to function are boosting the growth of the market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Mondial (Italy), Ventisol (Brazil), Westinghouse (Germany), Lasko (United States), Panasonic (Japan), Mallory (United States) and Venti-Delta (Taiwan) |
CAGR | 8.2% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Wall-mounted and Floorstanding/Tabletop) , by application (Pedestal fans, Wall fans, Cooling fans, Misting fan and Others) and major geographies. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global Residential Air Circulators market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Residential Air Circulators market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Mondial (Italy), Ventisol (Brazil), Westinghouse (Germany), Lasko (United States), Panasonic (Japan), Mallory (United States) and Venti-Delta (Taiwan).
Market Overview:
In January 2021, Lasko Products, LLC (Lasko), a leader in home environment products, has acquired Guardian Technologies, LLC (Guardian), a leader in air purification.
Air circulators are used to prevent buildup of material on beams and equipment. In their simplest form, air circulators and cyclones are fans with much more power than your standard residential box window fan. NFPA regulations state that dust accumulation is not allowed to exceed 1/8”. With proper air circulation in a facility, it ensures that exposure is kept TLV (threshold limit value).
In Residential Air Circulators 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.
Influencing Trend:
Development in Technology Upgradation
Market Growth Drivers:
Rapid Urbanization is Continuously Raising Product Demand and The Rise in Preference Among Millennials across Residential Areas
Challenges:
Disruption in Supply Chain
Restraints:
Fluctuation in Price of Raw Materials
Opportunities:
Increasing Number of Residential and Industrial Areas
Key highlights of the Global Residential Air Circulators market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Residential Air Circulators market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Residential Air Circulators market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Residential Air Circulators Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Residential Air Circulators market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Residential Air Circulators market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Residential Air Circulators Providers, Raw Material Suppliers, Traders, Distributors, and Suppliers of Wall Mount Fans, Research Organizations and End-Use Industries.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.