Press release
Ceiling Fan Market Will Generate Record Revenue by 2031
Global ceiling fan market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The growing convenience to operate, automation, and enhanced functionality along with growing availability of energy efficient ceiling fans is a key factor driving the global market growth. Remote control of fans using smartphones, tablets, or voice assistants eliminates the need for manual adjustments, especially in hard-to-reach locations or high ceilings. Smart fans can also be programmed to work with other smart home devices, allowing automatic adjustments based on real-time conditions. The trend towards smart home technology aligns with this trend, making ceiling fans a more attractive and versatile option for consumers.In June 2023, the US Department of Energy (DOE) introduced a proposed rulemaking for new and amended standards for ceiling fans, focusing on energy efficiency. The proposal suggests that standard and hugger ceiling fans with a blade span exceeding 53 inches will likely need to incorporate DC motors to meet the proposed standards. The presence of such regulation further promotes the usage of energy efficient ceiling fans.
Therefore, key ceiling fan manufacturers are introducing new fans with high energy efficiency features. For instance, in September 2023, Hunter International GmbH introduced its TrueLight technology, featured in products that produce and emit a radiant, evenly dispersed glow achieved through enhanced brightness, efficiency, and coverage. This technology is incorporated into seven collections of indoor Hunter ceiling fans with lights.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Type
By Product
By Application
By Size
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Emerson Electric Corp., NuTone Inc., Crompton, Honeywell International Inc., and Hunter Fan Company among others.
Ceiling Fan Market Report Segment
By Type
Indoor
Outdoor
By Product
Standard
Decorative
By Application
Residential
Commercial
By Size
Small
Medium
Large
By Distribution Channel
Online
Offline
A full Report of Ceiling Fan Market is Available @ https://www.omrglobal.com/industry-reports/ceiling-fan-market
Ceiling Fan Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Ajanta Electricals Ltd.
Bajaj Electricals
Big Ass Fans
Craftmade
CG Power and Industrial Solutions
Fanimation, Inc.
Fantasia Ceiling Fans
Henley fan Co.
Kichler Lighting LLC
Mega Home Appliances
Minka Lighting LLC
Monte Carlo Fan Company
NuTone Inc.
Orient Electric Ltd.
Panasonic Corp.
Shell Electric Holdings Ltd.
Webtotrade GmbH (Creoven)
Westinghouse Electric Corp.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Contact Us:
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Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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