Industry Probe has titled an upcoming report as “Electric Fan Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2028” to its ever growing database of reports. The report explicates the market for electric fan via a sequence of channels that incorporate data ranging from fundamental information to an unquestionable projection. It further includes all the primary factors that are expected to undergo definite transformation within the market. The data accessible in the report therefore can be used to augment a standing of the company operating in the global electric fan market.
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As per the report from Industry Probe, rising trend of electrification in rural areas worldwide is increasing the demand for electric fans. Advent of online platforms has helped many manufacturers and third party sellers to come closer to end consumers. This is also anticipated to boost the demand for electric fans. Introduction of energy efficient fans is one of the key opportunities for the growth of the electric fan market. For example, Orient Electric Limited came up with Brushless Direct Current Mortar (BLDC) technology which helps in reducing energy consumption by up to 50%. These technologies are anticipated to increase demand for electric fans in mature markets.
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The report has segregated the global electric fan market in terms of product type, end-user, distribution channel, and region. On the basis of end-user, the global electric fan market is divided into residential, commercial, and industrial. In terms of distribution channel, the market is divided into online and offline distribution channel. Based on online distribution channel, the market is further bifurcated into e-commerce portals and company owned portals. Offline distribution channel is sub-segmented into supermarkets and hypermarkets, specialty stores, and retail based stores. From a regional perspective, the global electric fan market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South Africa.
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