{"id":7967,"date":"2018-01-31T02:25:24","date_gmt":"2018-01-31T02:25:24","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/fan-market-new-technology-design-drive-competition-for-market-share\/"},"modified":"2018-01-31T02:25:24","modified_gmt":"2018-01-31T02:25:24","slug":"fan-market-new-technology-design-drive-competition-for-market-share","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/fan-market-new-technology-design-drive-competition-for-market-share\/","title":{"rendered":"Fan market: New technology, design drive competition for market share"},"content":{"rendered":"<p>\n<\/p>\n<div itemprop=\"description\" readability=\"151\">\n<p>Byy Princewill Ekwujuru &amp; Destiny Eseaga<\/p>\n<p>New\u00a0 technology, design and availability have been identified\u00a0 as responsible for the\u00a0 intense competition\u00a0 for market\u00a0 share\u00a0 in\u00a0 the home appliances sector of\u00a0 the fan\u00a0 market.<\/p>\n<p><!-- between content ad --><\/p>\n<p>This has led to deployment of various types of technological enhancements by fan\u00a0 manufacturers aimed at improving consumer experience with their products.<\/p>\n<figure id=\"attachment_933356\" style=\"max-width: 412px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65.jpg?resize=412%2C274&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/plugins\/lazy-load\/images\/1x1.trans.gif?ssl=1\" class=\"size-full wp-image-933356\" alt=\"\" width=\"412\" height=\"274\" srcset=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65.jpg 412w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-300x200.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-58x39.jpg 58w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-260x173.jpg 260w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-195x130.jpg 195w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-115x77.jpg 115w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-933356\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65.jpg?resize=412%2C274&#038;ssl=1\" alt=\"\" width=\"412\" height=\"274\" srcset=\"https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65.jpg 412w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-300x200.jpg 300w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-58x39.jpg 58w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-260x173.jpg 260w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-195x130.jpg 195w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2018\/01\/Companies-Markets-65-115x77.jpg 115w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\"\/><\/noscript><figcaption class=\"wp-caption-text\">From Left: Mrs. Karen Perez, Findadmission Canada Visa Counsellor, Folabi Obembe, CEO\/ President Worldview International Group and Akin Naphtal, CEO, InstinctWave at the press brief introducing Findadmission.com in Lagos.<\/figcaption><\/figure>\n<p>The enhancements include music playing capacity, Bluetooth enabled capacity, liquid crystal display, LCD, cooling agent and rechargeable power source.<\/p>\n<p>The\u00a0 major contenders for the market are ORL, Binatone, OX, Sonic, QASA, Lontor, STC and Panasonic, all imported brands.\u00a0\u00a0 Others include\u00a0 Linsan, Kenstar, Deluxe, Sonik,\u00a0 Deco.<\/p>\n<p>Vanguard\u00a0 Companies and Markets, C&amp;M\u00a0 investigation revealed a growing demand for fans driven by hot weather, increased population and growing <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> development.<\/p>\n<p>The need\u00a0 to satisfy the growing\u00a0 \u00a0 demand informed the production of fans of various sizes and capacities, colours and stylish designs that are consumer pocket friendly.<\/p>\n<p>Hence the market is proliferated with different types of fans such as Wall and Window mounted, floor-standing, Ceiling mounted and others.<\/p>\n<p>To maintain\u00a0 market share, the top contenders have developed and introduced \u00a0 power efficient fans that\u00a0 use battery, as well as fans with two blades\u00a0 that give a great cooling output.<\/p>\n<p>Other innovations include remote control\u00a0 and programmable timer.<\/p>\n<p>The competition is further heightened by increasing\u00a0 \u00a0 volume of imported second hand\u00a0 portable fans.<\/p>\n<p>C&amp;M\u00a0 findings showed that\u00a0 major marketers have not neglected the distribution concept of delivering the products directly to the wholesalers for\u00a0 sale to the retailers.<\/p>\n<p>C&amp;M\u00a0 findings showed that most consumers\u2019 patronage is influenced by brand names as well as durability, design, availability of the product as well as referral from other consumers.<\/p>\n<p>Problems<\/p>\n<p>Fans like other home appliances have their peculiar problems in spite of the technological innovations.<\/p>\n<p>C&amp;M\u00a0 findings revealed that\u00a0 with\u00a0 fan engines made from aluminium are more problematic and less durable than\u00a0 \u00a0 fan engines made from\u00a0 \u00a0 copper coils.<\/p>\n<p>Consumers\u2019 speak<\/p>\n<p>Some of the consumers also claimed that second hand\u00a0 \u00a0 \u00a0 fans are more durable than the new ones, though some said they patronise them due to economic condition.<\/p>\n<p>Speaking to\u00a0 C&amp;M,\u00a0 consumers were divergent in their preference for the different brands. Though\u00a0 \u00a0 majority indicate preference for\u00a0 \u00a0 ORL, Binatone, OX,\u00a0 QASA, Lontor and STC; ORL, Binatone, OX,\u00a0 \u00a0 came\u00a0 \u00a0 \u00a0 topmost in consumers\u2019 mind due to\u00a0 \u00a0 their durability and cool air output.<\/p>\n<p>A consumer,\u00a0 James\u00a0 Jolomi, prefers OX\u00a0 \u00a0 because it is a brand that has been able to connect with consumers in terms of affordability and durability. \u201cI love OX for its energy-efficiency. It is an alternative to air-conditioners.\u201d<\/p>\n<p>Another consumer, Matthew Olayemi said he prefers ORL for its low power consumption and silence. \u201cBut I am looking forward to trying QASA because of the commendations I had gotten from friends who use the brand\u201d, he said.<\/p>\n<p>Hassan Al-Hassan said he prefers imported second hand fans because they are cheap and serves\u00a0 his\u00a0 purpose.<\/p>\n<p>Experts\u2019 response<\/p>\n<p>Speaking to C&amp;M, a fan technician, Muyiwa\u00a0\u00a0 Adelotan, whose shop is located at Isasi, Lagos, confirmed that fans made of\u00a0\u00a0 copper coils are more durable and suitable for the Nigerian environment, \u201cmost of the fans in the market\u00a0 are made from\u00a0 \u00a0 Aluminium. When choosing a fan you need the help of a technician.\u201d<\/p>\n<p>In addition, Ayo Onile, a specialist in repair of different types of fans, located at Alaba International market, Lagos stated, \u201cnot every service technician understands\u00a0 \u00a0 fans produced these days, so you need an expert to choose a good fan for you.\u201d<\/p>\n<\/p><\/div>\n<p><a hre=\"https:\/\/www.vanguardngr.com\/2018\/01\/fan-market-new-technology-design-drive-competition-market-share\/\"> Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Byy Princewill Ekwujuru &amp; Destiny Eseaga New\u00a0 technology, design and availability have been identified\u00a0 as responsible &hellip; <a title=\"Fan market: New technology, design drive competition for market share\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/fan-market-new-technology-design-drive-competition-for-market-share\/\"><span class=\"screen-reader-text\">Fan market: New technology, design drive competition for market share<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7968,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[695,1399,12908,543,684,522,84,15319],"class_list":["post-7967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-development","tag-home","tag-home-buying-guide","tag-lagos","tag-nigeria","tag-real-estate","tag-weather"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Companies-Markets-65.jpg?fit=412%2C274&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5542,"url":"https:\/\/amazingproperty.com.ng\/blog\/home-sales-poised-to-reverse-downward-trend\/","url_meta":{"origin":7967,"position":0},"title":"Home Sales Poised to Reverse Downward Trend","author":"Amazing Property","date":"July 31, 2017","format":false,"excerpt":"Though existing-home sales took a hit last month, June\u2019s pending home sales\u2014a forward-looking indicator based on contract signings\u2014suggest a comeback is in line for most of the country. Every major region of the U.S. except the Midwest saw an uptick in contract signings last month, the National Association of REALTORS\u00ae\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/June%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/June%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/June%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/June%20PHS%20Infographic.jpg?fit=750%2C800&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5390,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-technology-is-changing-the-way-real-estate-leaders-do-business\/","url_meta":{"origin":7967,"position":1},"title":"How Technology is Changing the Way Real Estate Leaders do Business","author":"Amazing Property","date":"July 21, 2017","format":false,"excerpt":"In recent years, real estate developers, builders, and brokerages have been faced with rapidly changing social, demographic, and technology realities, and all of which have had an enormous impact on how the real estate industry markets and sells both listings and new developments. \r \r The combination of changes in\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4578,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-prevail-in-a-competitive-market\/","url_meta":{"origin":7967,"position":2},"title":"How to Prevail in a Competitive Market","author":"Amazing Property","date":"May 15, 2017","format":false,"excerpt":"[ad_1] Home shoppers are increasingly facing steep competition for the limited number of homes for sale. \u201cAttempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming,\u201d the National Association of REALTORS\u00ae notes in a recent release. Read\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/2017-5-tips-for-buying-in-a-tight-market-infographic-05-12-2017-1050w-1105h.jpg?fit=1050%2C1105&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/2017-5-tips-for-buying-in-a-tight-market-infographic-05-12-2017-1050w-1105h.jpg?fit=1050%2C1105&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/2017-5-tips-for-buying-in-a-tight-market-infographic-05-12-2017-1050w-1105h.jpg?fit=1050%2C1105&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/2017-5-tips-for-buying-in-a-tight-market-infographic-05-12-2017-1050w-1105h.jpg?fit=1050%2C1105&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/2017-5-tips-for-buying-in-a-tight-market-infographic-05-12-2017-1050w-1105h.jpg?fit=1050%2C1105&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7719,"url":"https:\/\/amazingproperty.com.ng\/blog\/nigeria-should-provide-incentives-for-property-developers\/","url_meta":{"origin":7967,"position":3},"title":"\u2018Nigeria should provide incentives for property developers\u2019","author":"Amazing Property","date":"January 8, 2018","format":false,"excerpt":"Femi AdewoleMr. Femi Adewole is a Nigerian and acting Managing Director of Kenya-based Shelter Afrique. He joined the pan-African finance institution as Director, Business Development and Operations and\u00a0previously worked as Chief Executive Officer for First World Communities in Lagos. In this interview with Property & Environment Editor, CHINEDUM UWAEGBULAM, he\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Adewole 08 01 2018.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Adewole-08-01-2018.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Adewole-08-01-2018.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Adewole-08-01-2018.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Adewole-08-01-2018.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Adewole-08-01-2018.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5585,"url":"https:\/\/amazingproperty.com.ng\/blog\/dealing-with-competition-while-making-an-offer\/","url_meta":{"origin":7967,"position":4},"title":"Dealing with competition while making an offer","author":"Amazing Property","date":"August 5, 2017","format":false,"excerpt":"The quest for a dream home can be a bumpy road, with competition from fellow buyers being one of the biggest challenges. Establishing whether to make an offer, formulating the price and preparing with due diligence are just some of the tasks buyers need to undertake. Dealing with the competition\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"As an agent","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/agent-2000x1500-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/agent-2000x1500-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/agent-2000x1500-1024x768.jpg?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/agent-2000x1500-1024x768.jpg?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":2515,"url":"https:\/\/amazingproperty.com.ng\/blog\/2-different-markets-inventory-mismatch-paints-a-very-revealing-housing-picture\/","url_meta":{"origin":7967,"position":5},"title":"2 Different Markets: Inventory Mismatch Paints a Very Revealing Housing Picture","author":"Amazing Property","date":"March 23, 2017","format":false,"excerpt":"The inventory of existing homes for sale nationally in today\u2019s market was recently reported to be at a 3.6-month supply... According to the NAR -\u00a0National Association of Realtors\u00a0latest\u00a0The\u00a0Existing Home Sales Report. Inventory is now 7.1% lower than last year at this time, this is the 20th\u00a0consecutive month of year-over-year drops.\u2026","rel":"","context":"In &quot;Property owner&quot;","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/20170315-STM-ENG1.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/20170315-STM-ENG1.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/20170315-STM-ENG1.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/20170315-STM-ENG1.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/20170315-STM-ENG1.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7967"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7968"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}