Ceiling Fan Market 2023: Share, Size, Top Manufacturers, Industry Analysis, Latest Insights and Forecast to 2028

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The ceiling fan market is expected to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

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 AttributesDetails
Market Size in 2022US$ 10.5 Billion
Market Forecast in 2028US$ 12.9 Billion
Growth rate (2023 to 2028)CAGR of 3.6%
Base Year of the Analysis2022
Forecast Period2023-2028

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.

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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

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