For the fourth consecutive year, Vietnam recorded growth in overseas shipments of non-household ventilation fans, which increased by 7.1% to 69M units in 2023.

In 2024, the Vietnamese non-household fan market decreased by -2% to $166M, falling for the third consecutive year after three years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Non-household fan consumption peaked at $354M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

The Ceiling Fan Market size was valued at USD 10.60 in 2023 and is projected to reach USD 14.65 by 2032, exhibiting a CAGR of 4.21 % during the forecast period. Recent developments include: April 2023 – BAJAJ, an India-based multinational conglomerate, launched its new ceiling-mounted fans collection featuring Super5TuffTM technology, DuraCoat Copper Motor, SelfGuard Capacitor, Anti-Corrosive Protection, and FierroShield Bearing. The new collection was launched with a campaign leveraged across digital, print, TV, and in-store., August 2022 – Orient Electric, an India-based home appliance company, unveiled its smart ceiling fan, Orient Aeroslim. The new product provides support for virtual assistant technologies, including Amazon Alexa and Google Assistant., June 2022 – Goldmedal Electricals, an India-based electrical solution provider, introduced its new decorative ceiling-mounted fan, Insignia, featuring premium fittings and high-quality airflow. It is available in three shades: Indigo Blue, Topaz Gold, and Angel White., September 2021 - Panasonic Corporation, an Osaka, Japan-based electronics company, opened its new manufacturing facility in Binh Duong, Vietnam, for the production of ventilating fans and ceiling fans. The company aims to strengthen its ventilation device production in Southeast Asia through the launch., May 2021 - Hunter Fan Company, a Tennessee, U.S.-based ceiling-mounted fans manufacturer, expanded its SIMPLEconnect product line to fifteen fans. The collection includes Wi-Fi-enabled fans with virtual assistants (Apple HomeKit, Amazon Alexa, & Google Assistant) support.. Key drivers for this market are: Rising Global Temperature and Government Initiatives to Support Market Growth. Potential restraints include: Increasing Availability of Substitute Products to Impede Market Growth . Notable trends are: Increasing Product Development with Innovative Features to Accelerate Sales.

The US non-household fan market is forecast to grow to 106M units (CAGR +1.9%) and $4.7B (CAGR +5.2%) by 2035, driven by rising demand, with imports from China, Vietnam, and Mexico dominating supply.