IMARC Group, a leading market research company, has recently releases report titled “Ceiling Fan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global ceiling fan market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the ceiling fan market?
Report Attributes | Details |
Market Size in 2022 | US$ 10.5 Billion |
Market Forecast in 2028 | US$ 12.9 Billion |
Growth rate (2023 to 2028) | CAGR of 3.6% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
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.
Request for a free sample copy of this report https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant/requestsample
What is Ceiling Fan?
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.
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 Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant
If you require any specific information that is not covered currently within the scope of the report, we will provide the same 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:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/