The global ceiling fan market size reached US$ 10.9 billion in 2023. The market is projected to reach US$ 14.5 billion by 2032, exhibiting a growth rate (CAGR) of 3.24% during 2023-2032.
Ceiling fans refer to electrically powered mechanical devices that are suspended from the ceiling of a room to circulate air. They induce evaporative cooling and slow movement into the still, thereby cooling the hot air in the room effectively. Ceiling fans have hub-mounted rotating paddles which move much slower when compared with electric desk fans. They are highly preferred by consumers due to their advantageous properties over air-conditioners like high energy-efficiency, better shelf-life, low power consumption and cost-effectiveness.
The demand for ceiling fans has been rapidly increasing due to rising income levels of the consumers and increasing availability of electricity. Moreover, manufacturers are introducing premium products such as lighting fans, decorative fans, etc. which offer higher margins, thereby increasing their profitability.
The governments of various emerging countries have set up the goal of providing electricity to the remote rural areas which is expected to influence the demand for ceiling fans in the upcoming future. For instance, India has aimed to supply electricity to more than a million households.
2. What is the expected growth rate of the global ceiling fan market during 2024-2032?
3. What are the key factors driving the global ceiling fan market?
4. What has been the impact of COVID-19 on the global ceiling fan market?
5. What is the breakup of the global ceiling fan market based on the product type?
6. What is the breakup of the global ceiling fan market based on the fan size?
7. What is the breakup of the global ceiling fan market based on the end-use?
8. What is the breakup of the global ceiling fan market based on the distribution channel?
9. What are the key regions in the global ceiling fan market?
10. Who are the key players/companies in the global ceiling fan market?
Ceiling fans refer to electrically powered mechanical devices that are suspended from the ceiling of a room to circulate air. They induce evaporative cooling and slow movement into the still, thereby cooling the hot air in the room effectively. Ceiling fans have hub-mounted rotating paddles which move much slower when compared with electric desk fans. They are highly preferred by consumers due to their advantageous properties over air-conditioners like high energy-efficiency, better shelf-life, low power consumption and cost-effectiveness.
Global Ceiling Fan Industry Drivers
Growth in the housing sector is boosting the demand for ceiling fans, especially in the developing economies. For instance, the governments of China and India are coming up with new schemes to provide shelter to the low- and middle-income groups. In addition to this, development in the commercial real estate, hospitality and retail sectors are bolstering the market growth.The demand for ceiling fans has been rapidly increasing due to rising income levels of the consumers and increasing availability of electricity. Moreover, manufacturers are introducing premium products such as lighting fans, decorative fans, etc. which offer higher margins, thereby increasing their profitability.
The governments of various emerging countries have set up the goal of providing electricity to the remote rural areas which is expected to influence the demand for ceiling fans in the upcoming future. For instance, India has aimed to supply electricity to more than a million households.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global ceiling fan market report, along with forecasts at the global and regional level from 2023-2032. The report has categorized the market based on product type, fan size, end-use and distribution channel.Breakup by Product Type:
- Standard Fan
- Decorative Fan
- High Speed Fan
- Energy Saving Fan
- Others
Breakup by Fan Size:
- Small
- Medium
- Large
Breakup by End-Use:
- Residential
- Commercial
- Industrial
Breakup by Distribution Channel:
- Offline Stores
- Online Stores
Regional Insights:
- China
- India
- European Union
- United States
- Brazil
- Others
Competitive Landscape
The market is fragmented due to the presence of various small and large ceiling fan manufacturers. Some of the leading players in the market are:
- Emerson Electric Co
- Hunter Fan Company
- Crompton Greaves Consumer Electricals Ltd
- Broan-NuTone LLC
- Shell Electric Holdings Limited
Key Questions Answered in This Report
1. What was the size of the global ceiling fan market in 2023?2. What is the expected growth rate of the global ceiling fan market during 2024-2032?
3. What are the key factors driving the global ceiling fan market?
4. What has been the impact of COVID-19 on the global ceiling fan market?
5. What is the breakup of the global ceiling fan market based on the product type?
6. What is the breakup of the global ceiling fan market based on the fan size?
7. What is the breakup of the global ceiling fan market based on the end-use?
8. What is the breakup of the global ceiling fan market based on the distribution channel?
9. What are the key regions in the global ceiling fan market?
10. Who are the key players/companies in the global ceiling fan market?
Table of Contents
1 Preface3 Executive Summary13 Loans and Financial Assistance15 Key Player Profiles
2 Scope and Methodology
4 Introduction
5 Global Ceiling Fan Industry
6 Performance of Key Regions
7 Market Breakup by End-Use
8 Market Breakup by Product Type
9 Market Breakup by Fan Size
10 Market Breakup by Distribution Channel
11 Ceiling Fan Manufacturing Process
12 Project Details, Requirements and Costs Involved
14 Project Economics
List of Figures
List of Tables
Companies Mentioned
- Emerson Electric Co. Hunter Fan Company
- Crompton Greaves Consumer Electricals Ltd.
- Broan-NuTone LLC and Shell Electric Holdings Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 10.9 Billion |
| Forecasted Market Value ( USD | $ 14.5 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 3 |
