The handheld fan market was valued at USD 427.8 million globally in 2022, and a compound annual growth rate (CAGR) of 6.4% is anticipated over the course of the forecast period. A fan is a device that uses an electric motor to move air; it can be made of metal, plastic, or wood. The rise in outdoor activities worldwide is increasing the demand for handheld fans all over the world.
Convenient and portable are handheld fans. The main benefit of a handheld fan is that it doesn't require installation. These days, consumers are looking for gadgets that run on renewable energy. The market is expanding at a substantial rate due to the increase in handheld fan sales on the internet. It is extensively utilized in the cosmetics sector and in business settings like hospitals.
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Growth Drivers
· Increasing demand for it in high temperature region
· Advancements in technology leading to more efficient, and diverse fan designs
· Growing awareness of the need for better air circulation, and ventilation
· The rising demand for portable cooling solutions
· Increasing focus on personal comfort
The market is expanding due to rising demand for portable fans that don't require installation. Temperatures are rising sharply in most parts of the world as a result of greenhouse gas emissions and global warming. These supporters are frequently chosen over other fans for their own comfort during the voyage. During the forecast period, this sector is also showing promising growth in high-temperature regions including China, India, and much of the Middle East.
These fans don't harm the environment and are environmentally friendly. Constant advancements have produced quieter, more feature-rich, and more efficient fans, drawing in customers seeking convenience and comfort. Eco-friendly handheld fans that are rechargeable and require less solar power have been developed in response to growing environmental concerns.
Segmentation
Type
· Hand held fans
· Battery Operated fans
· Foldable/Portable fans
· USB Powered fans
· Misting Fans
Power Source
· Electric
· Battery Operated
· Rechargeable
· Solar Powered
Distribution Channel
· Online Retails
· Offline Retails
· Specialty Stores
· Direct Sales
End-User
· Residential Users
· Commercial Users
· Outdoor Enthusiasts
Regional Outlook
· Asia Pacific
· North America
· Europe
· Latin America
· Middle East and Africa
Key Players
· Lifemax Limited
· Honeywell International INC
· Harkin Global Solutions Pvt. Limited
· Francfranc Corporation
· John Lewis Partnership PLC
· Helfords Limited
· Newell Brands INC
· Xiaomi Corporation
· ARCTIC GmbH
· Shenzhen jisu technology company limited
· Firefly Electric and Lighting Corporation
· Other Players
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