March 28, 2020

Portable Fan Market: Increasing per capita income in the developing nations will boost the demand for market

The latest market report published by Credence Research, Inc. “Portable Fan Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027

The portable fan market was valued at US$ 2,593.2 Mn in 2018 and expected to grow at a CAGR of 3.3% during the forecast period from 2019 to 2027. 

Access Free Sample Copy of Research Report @ https://www.credenceresearch.com/sample-request/60180

Market Insights :

“Trend for bladeless portable fans elevate the growth of the market” 

On the portable fans market, manufacturers are developing new products and enhanced products, such as manufacturers developing bladeless portable fans. Bladeless portable fans offer various advantages, such as being safer, easier to clean, and being able to be controlled by the remote, thus requiring no manual adjustment. In addition, the manufacturers ‘ development of solar-powered portable fans on the global market is boosting global demand for portable fans. Nowadays consumers demand products which can be charged from renewable sources. Hence, it supports growth in the market. Increasing per capita income and rapid urbanization in emerging Asia Pacific nations such as China, India, Indonesia and others were further expected to drive demand on the portable fans market.

Portable Fan Market

Browse the full report at https://www.credenceresearch.com/report/portable-fan-market

Top manufacturers for portable fans market are focusing on developing new products for better consumer experience and are merging with one another.

Industrial Developments :

• In May 2019, Honeywell launched a new product. The Honeywell Turbo Force 2-in-1 fan offers maximum cooling by providing a balanced flow of air. The Honeywell Turbo 2-in-1 offers high-velocity air from the tower and the top fan is used for direct personal cooling. The high-velocity can be felt from up to 40 feet of distance. 

• In May 2018, Orient Electric Limited increased its product portfolio by launching a new 5-blade Wind-Pro series. The 5-blade Wind-Pro series of portable fan offers delivery of air without any sound. Through the launch of the 5-blade portable fan, Orient Electric aims to strengthen its presence in south India. 

Key Market Movements: 

• Globally, the portable fans market is rising at a CAGR of 3.3% for the estimated period from 2019 to 2027 

• The Asia Pacific dominated the global market in the year 2018. The dominance led by the presence of major portable fan manufacturers and tropical temperatures in the region. The wide acceptance of portable fans in homes, offices and various businesses will boost the demand for portable fans in the Asia Pacific region. 

• The North America segment expected to grow considerably during the forecast period due to rising demand for portable fans in the residential segment. The research study suggests that the retail sales of portable fans in the U.S. account for about US$ 550 million in the year 2018. 

• The product segment subdivided into table fans, tower fans, and others. Table fan holds the largest market share of around 40% in the product segment. Table fans are the most widely used portable fan in the market due to wide availability in the market. 

• Trends such as bladeless portable fans, hands-free USB neck fans, and USB phone fans are increasing the demand for portable fans market globally. 

• Hand-held fans segment expected to grow significantly during the forecast period, as hand-held fans also being used by patients who suffer from chronic breathlessness. As per the European Respiratory Journal, 82 percent of patients suffer from breathlessness perceived benefit of using hand-held fans. 

Access Free Sample Copy of Research Report @ https://www.credenceresearch.com/sample-request/60180

List of Companies Covered: 

• Westinghouse Electric Corporation

• Honeywell International Inc.

• DecoBreeze

• O2Cool, LLC

• Lasko Products, LLC

• Vornado Air, LLC.

• Orient Electric

• Acofanworks

• Easyacc.com, Inc.

• Crompton Greaves Consumer Electricals Limited

• Xiaomi

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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