Ceiling Fans Market by latest COVID-19 Impact and Global Analysis to 2028 with leading players

According to our latest market study on "Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Global Analysis - By Product (Standard and Decorative), Fan Size Industry (Small, Medium, and Large), and End User (Residential, Commercial, and Industrial)," the market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

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Ceiling fans facilitate air circulation and create a cooling effect by accelerating sweat evaporation and heat exchange through convection. Ceiling fans use considerably less power than air conditioning, and hence they are popular among middle-class populations. In addition to the cost benefits, they feature longer life span than air conditioners. Growing urbanization in emerging economies is promoting the establishment of new residential buildings. In addition, the increased spending on premium products of home décor is further propelling the demand for ceiling fans with new innovative features such as interchangeable blades and lighting fans, and smart fans with features such as voice control and connectivity access to tablets and smartphones. Modern customers tend to spend on durable and attractive appliances. The increasing spending on high-quality home decor in different countries is expected to encourage the use of ceiling fans with added features such as layered light fixtures and interchangeable blades. Moreover, the increasing expenditure on interior decoration as a result of growing awareness regarding different designs for home as well as commercial spaces through robust campaigns on social media platforms, including Facebook, Pinterest, and Instagram, is expected to have a positive impact on the growth of the ceiling fans market. Furthermore, companies are offering creative ceiling fans such as rustic ceiling fans, contemporary ceiling fans, black ceiling fans, fancy ceiling fans to improve the internal appeal of households. In urban areas, they are selling custom-made ceiling fans with 3 and 4 blades. Growing customer tendency of renovating their homes after a certain period propels the demand for various decorative ceiling fans. Globalization has led to a broader consumer market, which encourages easier product selection of a wide range of goods across multiple distribution networks.
The List of key Companies:
• Big Ass Fans
• Kichler Lighting LLC
• Minka Lighting Inc.
• Luminance Brands
• Crompton Greaves Consumer Electricals Limited
• Havells India Ltd.
• Hunter Fan Company
• Westinghouse Electric Corporation
• Fantasia Ceiling Fans
• Panasonic Corporation

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The report includes the segmentation of the global ceiling fans market as follows:
Ceiling Fans Market, by Product
• Standard
• Decorative
Ceiling Fans Market, by Fan size industry
• Small
• Medium
• Large
•
Ceiling Fans Market, by End User
• Residential
• Commercial
• Industrial
Ceiling Fans Market, by Geography
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• UK
• Italy
• Rest of Europe
Asia Pacific (APAC)
• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC
Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• UAE
• Rest of MEA
South America
• Brazil
• Argentina
• Rest of South America

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

This release was published on openPR.