Press release
North America Ceiling Fans Market Insights by Growth, Emerging Trends and Forecast By 2027
North America Ceiling Fans Market
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key companies profiled in this research study are:
Big Ass Fans
Crompton Greaves Consumer Electricals Limited
Havells India Ltd.
Hunter Fan Company
Kichler Lighting LLC
Luminance Brands
Minka Lighting Inc.
Panasonic Corporation
Westinghouse Electric Corporation
Key Market Segments:
The North America ceiling fans market is segmented into product, fan size, and end-user. Based on product, the market is segmented into standard and decorative. The standard segment held the largest share of North America ceiling fans market in 2019. Based on fan size, the North America ceiling fans market is segmented into small, medium, and large. The medium segment held the largest share of North America ceiling fans market in 2019. Based on end-user, the North America ceiling fans market is segmented into residential, commercial, and industrial. Residential segment held the largest share of North America ceiling fans market in 2019.
North America Ceiling Fans Market Segmentation:
North America Ceiling Fans Market - By Product
Standard
Decorative
North America Ceiling Fans Market - By Fan Size
Small
Medium
Large
North America Ceiling Fans Market - By End-User
Residential
Commercial
Industrial
North America Ceiling Fans Market - By Country
US
Canada
Mexico
COVID-19 is having a very devastating impact over the North America region. North America is an important market for the growth of ceiling fans products owing to the presence of developed countries such as the US and Canada in this region. The U.S has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the ceiling fans market in the region as, due to the COVID-19 outbreak, the supply and distribution chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth. The high number of COVID cases have resulted in a negative impact on the region’s economy and there has been a decline business activities and growth of various industries operating in the region. Nevertheless, the factory and business shutdowns across the US, Canada, and Mexico negatively impacted the sales of ceiling fans products, such as fan blades, motors, and other important parts. COVID-19 has had a severe impact on logistics operations, transportation, and trade activity. North America is home to many manufacturing and technology companies. Thus, the coronavirus outbreak's impact is anticipated to be quite severe and likely in remain in 2021. However, the impact of COVID-19 is short-term; it is likely to decrease in the coming years.
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