Press Release

Crompton Greaves to Lead India Electric Fans Market through 2023

Increasing number of nuclear families, growing trend of modular homes, changing lifestyle patterns and rise in disposable income to drive India electric fans market through 2023

According to TechSci Research report, India Electric Fans Market By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities, 2013 – 2023”, India electric fans market is projected to cross $ 2 billion by 2023. Demand for electric fans is expected to grow at a robust pace in the country due to the implementation of new technologies such as dust-free technology, increasing penetration of electric fans in rural areas and growing number of organized retail outlets. Easy product availability and well-distributed supply chain of manufacturers and suppliers are some of the other factors that would aid the market in the coming years. 

Browse 5 market data Tables and 34 Figures spread through 89 Pages and an in-depth TOC on "India Electric Fans Market"

Owing to hot climatic conditions and vast amount of heat generated by machinery in commercial spaces, demand for fans from factories and industries is increasing. In a heat stress report released by NASA, it was pointed out that temperatures over 24°C affect the productivity of the workers, thereby resulting in a loss of work output. Consequently, demand for electric fans from factories and industries is expected to continue rising during the forecast period. Rising income of rural population, coupled with limited to no maintenance cost of electric fans is anticipated to boost their demand, countrywide, until 2023. Crompton Greaves Consumer Electricals Ltd. is the market leader in India electric fan market, followed by Orient Electric Limited, Usha International Ltd., Havells India Limited, Bajaj Electricals Ltd., etc.

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“Rising trend of nuclear families in tier II and tier III cities and growing disposable income, coupled with increasing penetration of new distribution channels such as e-commerce and modern retail would boost electric fan sales in India over the next five years. Additionally, launch of advanced technology-based products such as Bluetooth enabled fans that can be controlled by iOS and Android phones, dust-free fans, fans with eight-blades which have a higher rate of wind delivery and are comparatively noise-free are expected to positively influence India electric fans market through 2023.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Electric Fans Market By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities, 2013 – 2023 has evaluated the future growth potential of electric fans market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India electric fans market.


About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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