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Fan market: New technology, design drive competition for market share

By Princewill Ekwujuru

New  technology, design and availability have been identified  as responsible for the  intense competition  for market  share  in  the   fan segment of the home appliances  sector  of  the  market.

•From Left: Mrs. Karen Perez, Findadmission Visa Counselor for Canada; Folabi Obembe, Founder of WorldView International – The Company behind Findadmission;, Akin Naphtal, CEO, InstinctWave at the press briefing unveiling the platform, Findadmission in Lagos.

This has led to deployment of various types of technological enhancements by fan  manufacturers aimed at  improving consumer experience with their product.

The enhancements include music playing capacity, Bluetooth capacity, liquid crystal display, LCD, cooling agent and rechargeable power source.       The  major contenders for the market are ORL, Binatone, OX, Sonic, QASA, Lontor, STC and Panasonic, all imported brands.

Others are  include  Linsan, Kestar, Deluxe, Sonik,  Deco.

Vanguard Companies and Market, C&M, investigation revealed a growing demand for fans driven by hot weather, increased population, growing real estate development.

The need  to  satisfy the growing    demand informed the production of fans of various sizes and capacities, colours and stylish designs that are consumer pocket friendly.

Hence the market is proliferated with different types of fans such as Wall and Window mounted, floor-standing, Ceiling mounted and others.

To maintain    market share, the top contenders   have developed and introduced   power efficient fans that  use battery, as well as fans with two blades  that give a great cooling output.

Other innovations include remote control    and programmable timer.

The competition is further heightened by increasing    volume of imported second hand  portable fans.

C&M  findings showed that  major marketers have not neglected the distribution concept of delivering the products directly to the wholesalers for  sale to the retailers.

C&M  findings  also showed that most consumers’ patronage is influenced by brand names as well as durability, design, availability of the product  as well as  referral from other consumers.

Problems

Fans like other home appliances have their peculiar problems in spite of the technological innovations.

C&M  findings revealed that     fan engines made from aluminium are more problematic and less durable than    fan engines made of  copper coils.

Consumers’ speak

Some of the consumers also claimed that second hand  fans are more durable than the new ones, though some  said they patronise them due to economic condition.

Speaking to  C&M,  consumers  were  divergent  in  their preference  for  the  different  brands. Though    majority indicated preference for  ORL, Binatone, OX,  QASA, Lontor and STC; ORL, Binatone, OX,    came      topmost in consumers’ mind due to    their durability and cool air output.

A consumer,  James  Jolomi, prefers OX    because it is a brand that , that has been able   to  connect with consumers in terms of affordability  and  durability.  “I love OX  for its energy-efficiency. It is an alternative to air-conditioners.”

Another consumer, Matthew Olayemi  said he  prefers  ORL for its low power consumption and silence. “But I am looking forward to trying QASA because of the commendations I had gotten from friends who use the brand”, he said.

Hassan Al-Hassan said he prefers imported second hand fans because they are cheap and serves  his  purpose.

Experts’ response

Speaking to C&M, a fan technician, Muyiwa   Adelotan, whose shop is located at Isasi, Lagos, confirmed that fans made of   copper coils are more durable and suitable for the Nigerian environment, “most of the fans in the market  are made from  Aluminium. When choosing a fan you need the help of a technician.”

In addition, Ayo Onile, a specialist in repair of different types of fans, located at Alaba International market, Lagos stated, “not every service technician understands    fans produced these days, so you need an expert to choose a good fan for you.”


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.