Ceiling Fan Market 2023: Size, Trends, Top Companies, Industry Insights and Forecast to 2028

According to IMARC Group's latest report, titled "𝗖𝗲𝗶𝗹𝗶𝗻𝗴 𝗙𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟯-𝟮𝟬𝟮𝟴", the global ceiling fan market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

𝗬𝗲𝗮𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗼 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗲𝗶𝗹𝗶𝗻𝗴 𝗙𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:

A ceiling fan is an electrically-operated non-portable mechanical device that is suspended from the room's ceiling to circulate air. It comprises an electric rotor that helps pivot the blades attached to the main body in a cyclic motion that creates a cooling effect, evaporates sweat, and allows better heat exchange through convection. As compared to air conditioners, ceiling fans are cost-effective, consume less energy, offer a longer lifespan, and exhibit high energy efficiency. Apart from this, ceiling fans distribute air effectively in the living space and lower the room temperature; thus, they are extensively installed in residential and commercial sectors. Currently, they are commonly available in numerous styles and standard, low-profile, dual motor, and remote-control variants.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗯𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant/requestsample

𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗲𝗶𝗹𝗶𝗻𝗴 𝗙𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

The ongoing establishment of new industrial and residential buildings and the increasing demand for effective cooling electronic appliances, including ceiling fans, to reduce the reliance on heating, ventilation, and air conditioning (HVAC) systems are primarily driving the market growth. Moreover, the continuous launch of decorative ceiling fans featuring layered light fixtures and interchangeable blades and the advent of voice-activated smart ceiling fans with assistive features for people with physical limitations are propelling the market growth. Additionally, the escalating development of brushless direct current (BLDC) motor fans with lower generating capacity are favoring the market growth. Besides this, the implementation of various government schemes facilitating electricity connections to isolated rural regions and the extensive product diversification by key players are supporting the market growth.

𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=666&method=1

𝗖𝗲𝗶𝗹𝗶𝗻𝗴 𝗙𝗮𝗻 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟯-𝟮𝟬𝟮𝟴 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝗪𝗶𝘁𝗵 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀:

The competitive landscape of the ceiling fan market has been studied in the report with the detailed profiles of the key players operating in the market.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

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

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

The report has segmented the global ceiling fan market on the basis of product type, fan size, end-use, distribution channel and region.

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

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

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

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.