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Global Ceiling Fans Market to reach USD 15.43 billion by the end of 2030

Global Ceiling Fans Market Size study & Forecast, by Product (Standard, Decorative, High-Speed Fan, Energy Saving Fan and Others), Fan size (Small, Medium, Large), by Application (Residential, Commercial), by Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030

Product Code: OIRHG-35963680
Publish Date: 15-11-2023
Page: 200

Global Ceiling Fans Market is valued at approximately USD 11.02 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2023-2030. Ceiling fans are used to spread air in the room, It spreads air with the help of its blades moving in a rotation, these fans are placed on the top of a room. The Ceiling Fans market is expanding because of factors such as the growing residential sector, Development in the hospitality, commercial real estate, and retail industries. However, competition among key player’s presence of copied electronic products might halt market growth.

As, increasing real estate sector is a growing factor for celling fan market the growth rate of real estate sector according to Statista 2023 is 4.30% in forecast period. Also, Statista (May 2023) also stated that there will be growth of 5.5% in hospitality sector in forecast period and hospitality market reached nearly 4.7 trillion U.S. dollars and was forecast to grow to 5.8 trillion U.S. dollars in 2027. Commercial real estate sector is expected to grow at 3.03% resulting in a market volume of USD 133.50 by 2028. In 2022, the global retail market generated sales of over 27 trillion U.S. dollars, with a forecast to reach over 30 trillion U.S. dollars by 2024. Moreover Rise in population, increase in government initiative for providing electricity in rural area and growth in discretionary income are all great opportunities for this market to grow.

The key regions considered for the Global Ceiling Fans Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with a growing middle-class population specifically in India and China and government schemes related to providing electricity and residents in rural areas are helping this market to grow continuously in this region also new innovations in the ceiling fan market are driving this market in Asia Pacific region. Middle East and Africa are expected to grow significantly over the forecast period, owing to factors such as Improved urban infrastructure and Growing awareness regarding the benefits of ceiling fans help market grow in this region.

Major market player included in this report are:
Emerson Electric Co
Hunter Fan Company
Crompton Greaves Consumer Electricals Ltd
Broan-NuTone LLC
Shell Electric Holdings Limited
Ajanta Electricals,
Orient Electric,
Fantasia Ceiling Fans,
Panasonic Life Solutions India Pvt. Ltd.,
Westinghouse Electric Corporation

Recent Developments in the Market:
Ø In April 2023, Emerson announced to have an agreement with NI under which Emerson tend to acquire NI for USD 60 per share in cash at an equity value of USD 8.2 billion.NI provides software-connected automated test and measurement systems that permits enterprises to bring products to market faster and at a lower cost. Emerson tends to enhance its automation capabilities and gain a wide set of customers that relies on NI’s solutions at critical points along the product development cycle.
Ø In January 2021, Broan-NuTone collaborated with Vital Vio to create SurfaceShieldTM, a vent fan that utilizes LED light technology and this product is introduced as part of Broan-NuTone’s effective home ventilation products to meet the needs of the modern-day homemaker.
Ø In May 2021, Hunter fan company expands its collection in which there are Wi-Fi-enabled fans compatible with HomeKit, Google Assistant and Amazon Alexa. In addition to these platforms, the fans can be controlled with Hunter’s proprietary SIMPLEconnect app, also gives 20% higher airflow velocity than leading competitors.

Global Ceiling Fans Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Fan size, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
High speed Fans
Energy saving fans

By Fan Size:

By Application:

By Distribution Channel:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Ceiling Fans Market, by Region, 2020-2030 (USD Billion)
1.2.2. Ceiling Fans Market, by Product, 2020-2030 (USD Billion)
1.2.3. Ceiling Fans Market, by Fan size, 2020-2030 (USD Billion)
1.2.4. Ceiling Fans Market, by Application, 2020-2030 (USD Billion)
1.2.5. Ceiling Fans Market, by Distribution channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ceiling Fans Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ceiling Fans Market Dynamics
3.1. Ceiling Fans Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing residential sector Growing real State Sector
3.1.2. Market Challenges High competition among key players Rising complexity and fluctuations in material costs
3.1.3. Market Opportunities Development in commercial real estate enhances this market Increase in discretionary income
Chapter 4. Global Ceiling Fans Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Ceiling Fans Market, by Product
5.1. Market Snapshot
5.2. Global Ceiling Fans Market by Product, Performance – Potential Analysis
5.3. Global Ceiling Fans Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Ceiling Fans Market, Sub Segment Analysis
5.4.1. Standard
5.4.2. Decorative
5.4.3. High Speed Fan
5.4.4. Energy Saving Fan
5.4.5. Others
Chapter 6. Global Ceiling Fans Market, by Fan size
6.1. Market Snapshot
6.2. Global Ceiling Fans Market by Fan size, Performance – Potential Analysis
6.3. Global Ceiling Fans Market Estimates & Forecasts by Fan size 2020-2030 (USD Billion)
6.4. Ceiling Fans Market, Sub Segment Analysis
6.4.1. Small
6.4.2. Medium
6.4.3. Large
Chapter 7. Global Ceiling Fans Market, by Application
7.1. Market Snapshot
7.2. Global Ceiling Fans Market by Application, Performance – Potential Analysis
7.3. Global Ceiling Fans Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Ceiling Fans Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
Chapter 8. Global Ceiling Fans Market, by Distribution channel
8.1. Market Snapshot
8.2. Global Ceiling Fans Market by Distribution channel, Performance – Potential Analysis
8.3. Global Ceiling Fans Market Estimates & Forecasts by Distribution channel 2020-2030 (USD Billion)
8.4. Ceiling Fans Market, Sub Segment Analysis
8.4.1. Offline
8.4.2. Online
Chapter 9. Global Ceiling Fans Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Ceiling Fans Market, Regional Market Snapshot
9.4. North America Ceiling Fans Market
9.4.1. U.S. Ceiling Fans Market Product breakdown estimates & forecasts, 2020-2030 Fan size breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Distribution channel breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Ceiling Fans Market
9.5. Europe Ceiling Fans Market Snapshot
9.5.1. U.K. Ceiling Fans Market
9.5.2. Germany Ceiling Fans Market
9.5.3. France Ceiling Fans Market
9.5.4. Spain Ceiling Fans Market
9.5.5. Italy Ceiling Fans Market
9.5.6. Rest of Europe Ceiling Fans Market
9.6. Asia-Pacific Ceiling Fans Market Snapshot
9.6.1. China Ceiling Fans Market
9.6.2. India Ceiling Fans Market
9.6.3. Japan Ceiling Fans Market
9.6.4. Australia Ceiling Fans Market
9.6.5. South Korea Ceiling Fans Market
9.6.6. Rest of Asia Pacific Ceiling Fans Market
9.7. Latin America Ceiling Fans Market Snapshot
9.7.1. Brazil Ceiling Fans Market
9.7.2. Mexico Ceiling Fans Market
9.8. Middle East & Africa Ceiling Fans Market
9.8.1. Saudi Arabia Ceiling Fans Market
9.8.2. South Africa Ceiling Fans Market
9.8.3. Rest of Middle East & Africa Ceiling Fans Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Emerson Electric Co Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Hunter Fan Company
10.3.3. Crompton Greaves Consumer Electricals Ltd
10.3.4. Broan-NuTone LLC
10.3.5. Shell Electric Holdings Limited
10.3.6. Ajanta Electricals,
10.3.7. Orient Electric,
10.3.8. Fantasia Ceiling Fans,
10.3.9. Panasonic Life Solutions India Pvt. Ltd.
10.3.10. Westinghouse Electric Corporation
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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