Dublin, Jan. 28, 2026 (GLOBE NEWSWIRE) — The “Electric Fan Market Report 2026” has been added to ResearchAndMarkets.com’s offering. The report offers comprehensive insights into the global electric fan industry, detailing market size, regional shares, competitive landscape, and emerging trends.
The global electric fan market is experiencing significant growth, projected to expand from $12.13 billion in 2025 to $15.62 billion by 2030, at a CAGR of 5.1%. This growth is driven by increased demand for energy-efficient appliances, smart technology integration, and the proliferation of IoT ecosystems, alongside rising global temperatures that necessitate cost-effective, sustainable cooling solutions.
Key market trends include smart fan technology, designs with enhanced energy efficiency, and innovations in fan operation such as IoT-enabled remote controls, compact and portable designs, and noise reduction for silent operation. As temperatures escalate globally due to heightened greenhouse gas emissions, consumers are increasingly turning to electric fans as a viable alternative to air conditioning, aiding in reducing energy consumption.
Manufacturers are leading with innovations in BLDC motors for lower energy use and quieter operations. An example is Bajaj Electricals Ltd.’s Nex series launched in April 2024, featuring Aerology technology and BLDC motors that promise 20% higher air thrust and improved efficiency. These innovations cater to modern consumers seeking smart, aesthetically pleasing home solutions.
In July 2025, Systemair AB expanded its industrial fan capabilities through its acquisition of NADI Airtechnics Ltd., a strategic move aimed at increasing its presence in India and enhancing high-performance fan offerings across Europe and the US, with a focus on the railway and MRT sectors. This acquisition underscores the trend of consolidations within the market to capitalize on synergies and broaden regional presence.
Despite the positive outlook, the electric fan market is subject to challenges from fluctuating trade relations and tariffs, which have raised costs for raw materials and components. This has particularly impacted metal and plastic segments, including ceiling and industrial fans, which rely heavily on international supply chains. However, these tariffs have simultaneously incentivized domestic production and innovation in energy-efficient and smart solutions across the Asia-Pacific region, a leading manufacturing hub for electric fans.
Key industry players include LG Electronics Inc., Panasonic Holdings Corporation, Midea Group, Xiaomi Corporation, and Haier Group Corporation. These companies, alongside others like Mitsubishi Electric, Dyson Ltd., and Emerson Electric Co., are pivotal in shaping market dynamics through their continuous investment in R&D and strategic partnerships.
Report Scope
This report answers critical questions concerning the largest and fastest-growing regions, technological and regulatory influences, and evolving consumer preferences in the electric fan market. The report offers a detailed analysis of market characteristics, size and growth, segmentation, geographic disaggregations, total addressable market (TAM), market attractiveness score (MAS), and competitive landscape. It provides insights into historic and projected market growth by geography.
- The market characteristics section details key products and brand-level differentiation, highlighting trends in innovation.
- The supply chain analysis delivers a complete overview of the value chain, from raw materials to supplier dynamics.
- The updated trends and strategies segment explores market evolution and emerging technology trends such as digital transformation, automation, and AI-driven innovation, offering strategies for market differentiation.
- The regulatory and investment landscape overview addresses significant policies, incentives, and funding trends affecting market growth and innovation.
- The market size section provides historic and forecasted market data, considering impacts from technological advancements and geopolitical events like the Russia-Ukraine conflict and trade tariffs.
- The total addressable market (TAM) analysis section evaluates market potential, offering strategic growth insights.
- Market attractiveness scoring is based on growth potential, dynamics, and risks, providing strategic insights for decision-makers.
- Market segmentation divides the sector into subcategories by product type, material, distribution channel, application, and end-user.
- Regional and country analysis includes geographic market sizes and growth comparisons, with coverage expanding to Taiwan and Southeast Asia.
- The competitive landscape chapter outlines market nature, shares, and profiles leading companies, detailed with significant financial transactions affecting the market.
Scope
Markets Covered:
1) Product Type: Wall Fans, Table Fans, Ceiling Fans, Exhaust Fans, Pedestal Fans
2) Material: Metal, Plastic
3) Distribution Channel: Offline, Online
4) Application: Industrial, Household, Commercial
5) End-User: Corporate Buyers, Individual Consumers, Maintenance Services
Subsegments:
1) Wall Fans: Oscillating, Remote-Controlled, Fixed, High-Speed
2) Table Fans: Rechargeable, USB, Foldable, Multi-Speed
3) Ceiling Fans: Decorative, Energy-Efficient BLDC, Remote-Controlled, Smart IoT
4) Exhaust Fans: Kitchen, Bathroom, Industrial, Window
5) Pedestal Fans: Adjustable Height, Remote-Controlled, High-Speed, Mist
Companies Mentioned: Brands like LG Electronics Inc., Panasonic Holdings, Midea Group, and others such as Daikin, Dyson, and Emerson Electric are leading the market’s competitive landscape.
Countries and Regions: Countries covered include major markets like USA, China, Germany, and India. Regions entail Asia-Pacific, Western and Eastern Europe, North America, and more.
Time Series: The report delivers five years of historical data and a decade-long forecast, offering ratios of market growth, GDP proportions, and expenditure metrics.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026-2030 |
| Estimated Market Value (USD) in 2026 | $12.79 Billion |
| Forecasted Market Value (USD) by 2030 | $15.62 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
The companies featured in this Electric Fan market report include:
- 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
For more information about this report visit https://www.researchandmarkets.com/r/361hdg
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