According to the recent study the portable fan market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 3% to 5% from 2023 to 2028. Growth in this market is primarily driven by rise in demand for portable devices, rapid urbanization in emerging economies, and growth in outdoor sports activities.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in portable fan market by product (table fans, tower fans, and others), material (metal shell, plastic shell, and others), application (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Table fans market is expected to remain the largest segment during the forecast period.”
Based on product, the portable fan market is segmented into table fans, tower fans, and others. Lucintel forecasts that the Table fans market is expected to remain the largest segment due to its wide usage in houses, offices, businesses, and shops, oscillation that allows the fan to rotate at 180 degrees of direction, its portability, and ease of use.
“Within the portable fan market, the commercial segment is expected to remain the largest application”
Based on application the commercial segment is expected to witness the highest growth over the forecast period due to small batteries attached to portable fan which ensures less weight, easy installation, and makes it simpler to carry such fans.
“Asia pacific will dominate the portable fan market in near future”
APAC will remain the fastest growing region due to the presence of major portable fan manufacturers and tropical temperatures, and wide acceptance of portable fans in homes, offices, and various businesses in the region.
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Major players of portable fan market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Westinghouse Electric Corporation, Honeywell International, DecoBreeze, O2Cool, Lasko Products, Vornado Air, Orient Electric, Acofanworks, Easyacc.com, and Xiaomi are among the major portable fan providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/portable-fan-market.aspx or [email protected]