Electric Fan Market by Product and Geography - Forecast and Analysis 2020-2024 Electric Fans Market: Product Landscape Based on the product, the market generated maximum revenue in the ceiling fans segment in 2019. Factors such as the increasing use of ceiling fans as a decorative appliance, growing demand for luxury ceiling fan products, and rising number of product innovations are fueling the growth of the segment. The market growth in this segment will be significant over the forecast period. Electric Fans Market: Geographic Landscape By geography, APAC is going to have a lucrative growth during the forecast period. About 41% of the market's overall growth is expected to originate from APAC. Factors such as an increasing number of government initiatives for the housing sector, cost-effective supply chain of electric fans, increasing demand for luxury fans, and rising number of product innovations will be crucial in driving the growth of the electric fan market in APAC during the forecast period.