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"
https://www.techsciresearch.com/report/india-electric-fans-market/3031.html
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
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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
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solutions and tracking global and country specific high growth markets helps
TechSci clients to lead rather than follow market trends.
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