Asia-Pacific Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product, Fan Size, and End-User

The ceiling fans market in APAC is expected to grow from US$ 4,352.58 million in 2019 to US$ 7,099.59 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027. The increasing demand for energy-efficient fans is used in various end-user applications, ranging from ceiling fans for domestic use to multiple blade fans of varying sizes and dynamic airflow that are used in different industrial cooling equipment and efficient airflow. For instance, the modern-generation brushless direct current ceiling (BLDC) fans are the best ceiling fans on the market right now. . They are reliable, cost-effective, and smart, and facilitate high performance for a long term. These fans are incorporated with magnets instead of brushes for the synchronized operation of motors. The motors are powered by direct current via an inverter or a switching power supply, which makes them more efficient. Most BLDC ceiling fans have a 5-star rating of 25–40 watts of energy, which is ~40–70% lower than regular old fans. Also, BLDC fans do not require the installation of an additional regulator that saves INR 200–500 upstream. On the other hand, they are wirelessly controlled with the help of remote air conditioners. A few of these fans come with remote control, which makes their management easy. For instance, Crompton introduced ActivBLDC technology in their ceiling fans. This new technology has been beneficial to customers, as it helps them minimize energy usage and decreases power billing amounts. Further, orient electric has introduced i-Float fans built with advanced inverter technology-based engines, which save up to 50% energy, minimize engine noise, and confer low-voltage operations. They visually represent a floating effect when running and are also available in IoT (Orient Smart App & Voice-controlled) models.



Based on end-user, the residential segment led the APAC ceiling fans market in 2019.Residential area includes single-family houses, multi-family residential or mobile homes, and others. Ceiling fans are available in a wide variety of sizes that are suitable for small rooms as well as large living areas. They help make the home environment more comfortable. Further, the market for the residential segment is driven by escalating urbanization as well as rising government initiatives on household electrification in developing countries in the region, especially in India and China. The continuous changes in temperature conditions are highlighting the need for air circulation in the residential sector.

APAC has the world’s largest population, which sets it at a greater risk of rapid spread of the COVID-19 infection. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected major economies such as India, Australia, and Japan, in addition to China, and the region is thus experiencing the signs of inflation. The sudden closedown of all economic activities, including manufacturing plants of both essential products and luxurious items, has impacted the overall economy of the countries in the region. China being the manufacturing hub of the world has many major players and distributers located in the country. The temporary shutdown of supply chain to manufacturers of the ceiling fans is expected to negatively impact the market. Additionally, the reduction in demand from commercial sector has been observed across countries such as India. The lowered demands, combined with slow production recovery, is hindering the ceiling fans market growth in APAC amid the COVID-19 pandemic.

The APAC ceiling fans market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the APAC ceiling fans market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the APAC ceiling fans market. Big Ass Fans, Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Minka Lighting Inc., Panasonic Corporation, and Westinghouse Electric Corporation are among the key players operating in the APAC ceiling fans market.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC ceiling fans market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the APAC ceiling fans market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the ceiling fans market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution