Press release
US Fan Industry: Market Size, Latest Trends And Industry Forecast 2017-2022
Market Research Hub
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According to the report, demand for U.S. home ceiling fan market was valued at USD 385.36 million in 2015 and is expected to reach USD 445.30 million in 2021, growing at a CAGR of 2.41% between 2017 and 2022.
Ceiling fans are comparatively inexpensive and several homeowners find their installation an easy DIY (do it yourself) project, especially if an electric ceiling box is already present. The major driving factor for U.S. home ceiling fan market is cooling cost saving in the home. A ceiling fan helps to make home more energy efficient. Rising changes in climatic conditions increase the demand of ceiling fan in U.S. houses. In addition, easy installation and maintenance are also expected to boost the home ceiling fan market. Decorative fans and fans with light are gaining popularity in U.S. homes as it helps with energy efficiency and can also be used as a light source that adds aesthetic value. However, declining residential construction spending and availability of substitute of the air conditioner is expected to hamper the growth of home ceiling fan industry during the estimated period.
On the basis of type, home ceiling fan market can be segmented into decorative, energy saver, high speed, designed with light, four blade and others. Decorative ceiling fan dominated the home ceiling fan market and accounted for more than 23% share of the total market in terms of revenue in 2015 due to changing lifestyle in U.S. High disposable income in U.S., increases the demand of decorative home ceiling fan. Home ceiling fan designed with light is the second largest segment of home ceiling fan market.
Browse Full Report With TOC: http://www.marketresearchhub.com/report/united-states-fans-to-circulate-the-air-market-report-2017-report.html
Many players in U.S. offer variety of ceilings fan with various features and specifications. Some of the key player for U.S. home ceiling fan market includes Fanimation, Casablanca Fan Company, Hunter Fan Company, Minka Group, Home Depot, Hunter fan, and Montecarlo fans among others.
This report studies sales (consumption) of Fans to Circulate the Air in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering:
Carrier
Daikin Industries
Hitachi
LG Electronics
AB Electrolux
GD Midea
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