Press release
Global Ceiling Fan Market Anticipated To Reach USD 13.2 Billion By 2030 Growing At A CAGR Of 3.8% annually.
Ceiling Fan
By type, the ceiling fan market is sub-divided in AC & DC fans. The DC fan segment captured the largest share in 2023. DC fan are energy efficient, variable speed control, quieter operation, smooth start-up, remote control and smart features, efficient use of renewable energy and reduced heat generation.
The ceiling fan is used mainly used residential application and commercial application purposes. In 2023, the residential segment captured the largest share in the market. The demand for ceiling fan will continue to rise mainly due to rising government initiatives on household electrification in the residential sector, majorly in developing countries.
The Ceiling Fans industry is highly fragmented. A large variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top ten producers account for about the major market share of the revenue market. In 2023, China is the biggest production of ceiling fans.
The ceiling Fans market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global ceiling fans market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2023-2030.
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The top players have constantly focused on new innovation and introducing new features. Smart Ceiling Fan is a new trend that's making its way to the market. These fans are Wi-Fi powered ceiling fans that can be controlled using smartphone or tablet. Some of them even come with support for voice assistants like Alexa and Google Assistant and either Wi-Fi Enabled or Bluetooth Enabled. Some of the players in the global smart ceiling fan market are Hunter Fan, Big Ass Fans, Minka-Aire, Gardinier, Modern Forms, Orient Electric, Fanimation, OCECO, Ottomate International.
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global ceiling fan market in every aspect of the classification from perspectives of Component, Product Type, Application, and Region.
Global Ceiling Market, By Segment by Type (Market Size in Terms of Million Units & USD Million)
• AC Ceiling Fans
• DC Ceiling Fans
• BLDC
Global Ceiling Market, By Segment by Pricing (Market Size in Terms of Million Units & USD Million)
• Introduction
• Low (USD40~93)
• Mid (USD94~164)
• High (USD165~234)
• Premium (USD235 above)
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Global Ceiling Market Segment by Application (Market Size in Terms of Million Units & USD Million)
• Residential
• Commercial
Global Ceiling Market Segment by Product Feature (Market Size in Terms of Million Units & USD Million)
• Standard (Ordinary) Fan
• Decorative (Designer) Fan
• Others
Global Ceiling Market Segment by Fan Size (Market Size in Terms of Million Units & USD Million)
• Under 44 inch
• 44-52 inch
• 52-56 inch
• Over 56 inch
Global Ceiling Market Segment by Distribution Channel (Market Size in Terms of Million Units & USD Million)
• Online
• Offline
Global Ceiling Market Segment by Region (Market Size in Terms of Million Units & USD Million)
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Egypt, Saudi Arabia, Israel, and Rest of MEA)
Key players in the global Ceiling Fan market covered are
Hunter Fan Company
Airmate
Minka Group
Litex
Casablanca
Emerson Ceiling Fans
Crompton Greaves
MOUNTAINAIR
Craftmade
Panasonic
Kichler
Fanimation
Monte Carlo
For each region and country, detailed analysis and data of annual revenue ($ million) & units are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Component, Product Type, and Application over the forecast years are also included.
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