Did You Know Electric Fans are a Hot Item?

In another sign there just may be something to climate change, the global electric fan market is expected to increase by nearly $3 billion over the next three years. With several big companies in the mix – including Panasonic, Dyson, Westinghouse and Emerson Electric – the market remains fragmented both regionally and globally.

While many industries are experiencing supply-chain problems, industry analysts said electric fan manufacturers enjoy a cost-effective system that is driving growth in the market.

The strongest headwinds for industry growth are expected to be from increasing use of air conditioners, according to industry experts. Nearly half the growth in sales will come from the Asia-Pacific region.