Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,450 million | USD 3,766 million | 5.52% | 2022 |
FrequentlyAsked Questions
Residential air circulator is an electronic device, which is used to cool a room or area in hot environments, by circulating the air efficiently, in residential spaces. A basic fan or an air-conditioning (AC) system is less efficient in moving air than an air circulator.
The global residential air circulators market cap may grow owing to rising urbanization and accelerating preference for eCommerce purchasing. Significant growth opportunities can be expected due to rapid technological advancement in the residential air circulator industry.
According to study, the global residential air circulators market size was worth around USD 2,450 million in 2022 and is predicted to grow to around USD 3,766 million by 2030.
The CAGR value of the residential air circulators market is expected to be around 5.52% during 2023-2030.
The global residential air circulators market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to consumer preferences for residential air circulators over conventional fans in the region, high per capita income, presence of a large pool of market players, high consumer awareness, and others.
The global residential air circulators market is led by players like DAIKIN INDUSTRIES, Ltd., Dimplex, DOSHISHA CORPORATION, Dreo, Ecoair Cooling Systems Solutions, GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI, Havells India Ltd, Honeywell International Inc. (A Helen of Troy Company), INDcool Electrical Private Limited, IRIS USA, Inc., Lasko Products, LLC, MUJI (Hong Kong) Co., Ltd., Munters, Senelux Ltd, Shimono, Vornado Air, LLC., Westinghouse Electric Corporation, and XPOWER Canada.
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