Non-household fan exports from Vietnam skyrocketed to 75M units in 2023, growing by 40% compared with 2022 figures.

In 2024, the Vietnamese non-household fan market decreased by -1.9% to $162M, falling for the third year in a row after three years of growth. Overall, consumption showed a relatively flat trend pattern. Non-household fan consumption peaked at $343M in 2015; however, from 2016 to 2024, consumption stood at a somewhat lower figure.

The Ceiling Fan Market size was valued at USD 10.60 USD Billion in 2023 and is projected to reach USD 14.15 USD Billion by 2032, exhibiting a CAGR of 4.21 % during the forecast period. Ceiling fans are a must in homes and business establishments since they facilitate productive air circulation and cooling. They are available in different forms such as traditional, modern and energy-saving units which serve various aesthetic tastes and power needs. These types of fans have several speed settings, reversible motors for year-round operation and optional lighting kits, which make them more functional. Ceiling Fan applied to different places like bedrooms, living rooms, offices or even outdoor spaces thereby enhancing general ventilation and comfort. Ceiling Fans come with several advantages besides this: energy saving through minimizing air conditioning requirements; better-ventilated areas due to improved circulation of fresh air and peace since they operate silently. 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.