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Ceiling Fan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • June 2022
  • Region: Global
  • IMARC Group
  • ID: 5615038
The global ceiling fan market reached a value of US$ 10.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 12.9 Billion by 2027, exhibiting a CAGR of 4.34% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.



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 publisher provides an analysis of the key trends in each sub-segment of the global ceiling fan market, along with forecasts at the global and regional level from 2022-2027. Our 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

On the basis of product types, standard fans represent the most popular type of ceiling fans, accounting for more than a half of the total global market. The popularity of standard fans can be attributed to their easy usage and cost-effectiveness.

Breakup by Fan Size:

  • Small
  • Medium
  • Large

Based on fan sizes, medium-sized fans represent the largest segment, holding around three-fourths of the market share. They can be easily installed, provide cooling at a lower velocity and are affordable by the middle-income group.

Breakup by End-Use:

  • Residential
  • Commercial
  • Industrial

The global ceiling fan market has also been bifurcated on the basis of end-use into the residential, commercial and industrial sectors. Amongst these, the residential sector holds the largest share due to ongoing constructional activities across the globe.

Breakup by Distribution Channel:

  • Offline Stores
  • Online Stores

On the basis of distribution channels, offline stores are majorly preferred by the consumers as they can physically examine ceiling fans and instantly purchase the product.

Regional Insights:

  • China
  • India
  • European Union
  • United States
  • Brazil
  • Others

Region-wise, China represents one of the largest producers and exporters of ceiling fans worldwide. Warm weather conditions along with the huge population are majorly propelling the consumption of ceiling fans in the region.

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

This report provides a deep insight into the global ceiling fan market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a ceiling fan manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the ceiling fan industry in any manner.

Key Questions Answered in This Report

1. What will be the ceiling fan market outlook during the forecast period (2022-2027)?
2. What are the global ceiling fan market drivers?
3. What are the major trends in the global ceiling fan market?
4. What is the impact of COVID-19 on the global ceiling fan market?
5. What was the global ceiling fan market size in 2021?
6. What is the global ceiling fan market breakup by end-use?
7. What is the global ceiling fan market breakup by type?
8. What is the global ceiling fan market breakup by fan size?
9. What is the global ceiling fan market breakup by distribution channel?
10. What are the major regions in the global ceiling fan market?
11. Who are the leading ceiling fan manufacturers?
Frequently Asked Questions about the Global Ceiling Fan Market

What is the estimated value of the Global Ceiling Fan Market?

The Global Ceiling Fan Market was estimated to be valued at $10.0 Billion in 2021.

What is the growth rate of the Global Ceiling Fan Market?

The growth rate of the Global Ceiling Fan Market is 4.3%, with an estimated value of $12.9 Billion by 2027.

What is the forecasted size of the Global Ceiling Fan Market?

The Global Ceiling Fan Market is estimated to be worth $12.9 Billion by 2027.

Who are the key companies in the Global Ceiling Fan Market?

Key companies in the Global Ceiling Fan Market include Emerson Electric Co, Hunter Fan Company, Crompton Greaves Consumer Electricals Ltd, Broan and Shell Electric Holdings Limited.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Ceiling Fan Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by End-Use
5.7 Market Breakup by Product Type
5.8 Market Breakup by Fan Size
5.9 Market Breakup by Distribution Channel
5.10 Market Forecast
5.11 SWOT Analysis
5.11.1 Overview
5.11.2 Strengths
5.11.3 Weaknesses
5.11.4 Opportunities
5.11.5 Threats
5.12 Value Chain Analysis
5.12.1 Overview
5.12.2 Research and Development
5.12.3 Raw Material Procurement
5.12.4 Manufacturing
5.12.5 Marketing
5.12.6 Distribution
5.12.7 End-Use
5.13 Porter’s Five Forces Analysis
5.13.1 Overview
5.13.2 Bargaining Power of Buyers
5.13.3 Bargaining Power of Suppliers
5.13.4 Degree of Rivalry
5.13.5 Threat of New Entrants
5.13.6 Threat of Substitutes
5.14 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 China
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 India
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 European Union
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 United States
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Brazil
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by End-Use
7.1 Residential
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Commercial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Industrial
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Product Type
8.1 Standard Fan
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Decorative Fan
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 High Speed Fan
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Energy Saving Fan
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Fan Size
9.1 Small
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medium
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Large
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Offline Stores
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Online Stores
10.2.1 Market Trends
10.2.2 Market Forecast
11 Ceiling Fan Manufacturing Process
11.1 Product Overview
11.2 Manufacturing Process
11.3 Detailed Process Flow
11.4 Mass Balance and Feedstock Conversion Rate
11.5 Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Raw Material Requirements and Expenditures
12.5 Packaging Requirements and Expenditures
12.6 Transportation Requirements and Expenditures
12.7 Utility Requirements and Expenditures
12.8 Manpower Requirements and Expenditures
12.9 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Income Projections
14.5 Expenditure Projections
14.6 Taxation and Depreciation
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
List of Figures
Figure 1: Global Ceiling Fans Market: Major Drivers and Challenges
Figure 2: Global: Ceiling Fan Market: Sales Volume (in Million Units), 2016-2021
Figure 3: Global: Ceiling Fan Market: Sales Value (in Billion US$), 2016-2021
Figure 4: Ceiling Fan Market: Price Structure
Figure 5: Global: Ceiling Fan Market: Average Prices (in US$/Unit), 2016-2021
Figure 6: Global: Ceiling Fan Market Forecast: Average Prices (in US$/Unit), 2022-2027
Figure 7: Global: Ceiling Fan Sales Volume: Breakup by Region (in %), 2021
Figure 8: Global: Ceiling Fan Market: Breakup by End-Use (in %), 2021
Figure 9: Global: Ceiling Fan Market: Breakup by Product Type (in %), 2021
Figure 10: Global: Ceiling Fan Market: Breakup by Fan Size (in %), 2021
Figure 11: Global: Ceiling Fan Market: Breakup by Distribution Channel (in %), 2021
Figure 12: Global: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 13: Global: Ceiling Fan Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 14: Global: Ceiling Fan Industry: SWOT Analysis
Figure 15: Global: Ceiling Fan Industry: Value Chain Analysis
Figure 16: Global: Ceiling Fan Industry: Porter’s Five Forces Analysis
Figure 17: China: Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 18: China: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 19: India: Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 20: India: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 21: European Union: Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 22: European Union: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 23: United States: Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 24: United States: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 25: Brazil: Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 26: Brazil: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 27: Others: Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 28: Others: Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 29: Global: Ceiling Fan Market (Residential Applications): Sales Volume (in Million Units), 2016 & 2021
Figure 30: Global: Ceiling Fan Market Forecast (Residential Applications): Sales Volume (in Million Units), 2022-2027
Figure 31: Global: Ceiling Fan Market (Commercial Applications): Sales Volume (in Million Units), 2016 & 2021
Figure 32: Global: Ceiling Fan Market Forecast (Commercial Applications): Sales Volume (in Million Units), 2022-2027
Figure 33: Global: Ceiling Fan Market (Industrial Applications): Sales Volume (in Million Units), 2016 & 2021
Figure 34: Global: Ceiling Fan Market Forecast (Industrial Applications): Sales Volume (in Million Units), 2022-2027
Figure 35: Global: Standard Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 36: Global: Standard Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 37: Global: Decorative Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 38: Global: Decorative Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 39: Global: High Speed Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 40: Global: High Speed Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 41: Global: Energy Saving Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 42: Global: Energy Saving Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 43: Global: Other Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 44: Global: Other Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 45: Global: Small Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 46: Global: Small Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 47: Global: Medium Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 48: Global: Medium Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 49: Global: Large Ceiling Fan Market: Sales Volume (in Million Units), 2016 & 2021
Figure 50: Global: Large Ceiling Fan Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 51: Global: Ceiling Fan Market: Sales through Offline Stores (in Million Units), 2016 & 2021
Figure 52: Global: Ceiling Fan Market Forecast: Sales through Offline Stores (in Million Units), 2022-2027
Figure 53: Global: Ceiling Fan Market: Sales through Online Stores (in Million Units), 2016 & 2021
Figure 54: Global: Ceiling Fan Market Forecast: Sales through Online Stores (in Million Units), 2022-2027
Figure 55: Ceiling Fan Manufacturing: Detailed Process Flow
Figure 56: Ceiling Fan Manufacturing: Conversion Rate of Products
Figure 57: Ceiling Fan Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 58: Ceiling Fan Industry: Margins Across Various Stages of the Supply Chain
Figure 59: Ceiling Fan Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global Ceiling Fan Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Ceiling Fans Market Forecast: Breakup by Region (in Million Units), 2022-2027
Table 3: Global: Ceiling Fans Market Forecast: Breakup by End-Use (in Million Units), 2022-2027
Table 4: Global: Ceiling Fans Market Forecast: Breakup by Product Type (in Million Units), 2022-2027
Table 5: Global: Ceiling Fans Market Forecast: Breakup by Fan Size (in Million Units), 2022-2027
Table 6: Global: Ceiling Fans Market Forecast: Breakup by Distribution Channel (in Million Units), 2022-2027
Table 7: Global: Ceiling Fan Market: Competitive Landscape
Table 8: Global: Ceiling Fan Market: Key Players
Table 9: Ceiling Fan Manufacturing Plant: Raw Material Requirements (Units/Day)
Table 10: Ceiling fan Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 11: Ceiling fan Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 12: Ceiling Fan Manufacturing Plant: Machinery Costs (in US$)
Table 13: Ceiling Fan Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (in US$/Unit)
Table 14: Ceiling Fan Manufacturing Plant: Cost of Utility Required (US$/Unit)
Table 15: Ceiling fan Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Ceiling fan Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions in India
Table 18: Ceiling Fan Manufacturing Plant: Capital Costs (in US$)
Table 19: Ceiling Fan Manufacturing Plant: Techno-Economic Parameters
Table 20: Ceiling Fan Manufacturing Plant: Income Projections (in US$)
Table 21: Ceiling Fan Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Ceiling Fan Manufacturing Plant: Taxation (in US$/Year)
Table 23: Ceiling Fan Manufacturing Plant: Depreciation (in US$/Year)
Table 24: Ceiling Fan Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 25: Ceiling Fan Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 26: Ceiling Fan Manufacturing Plant: Profit and Loss Account (in US$/Year)

Companies Mentioned

  • Emerson Electric Co
  • Hunter Fan Company
  • Crompton Greaves Consumer Electricals Ltd
  • Broan-NuTone LLC
  • Shell Electric Holdings Limited

Methodology

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