Ceiling Fan Market By Product Type, End-Use, Region By Demand, Report Analysis and Forecast 2024

Global Ceiling Fan Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Report Description and Highlights

Report Description

Global Ceiling Fan Market Overview: A ceiling fan is an electrically-powered mechanical fan which employs hub-mounted rotating blades in order to produce and circulate the air. It cools the space by rotating its paddles in a clockwise direction which creates movement in the still air. In the developing nations, ceiling fans are immensely popular owing to their cost-effectiveness and a longer life-span of approximately 10 years. On the contrary, ceilings fans are evading from the developed nations such as the United States or Europe, since the emergence of air conditioners. A new research report by IMARC Group, titled “ Ceiling Fan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, estimates that the market reached a value of US$ 9,288 Million in 2018. The report further anticipates the market to reach approximately US$ 11,332 Million by 2024, at a projected CAGR of 3.3% over the forecast period.

Market Drivers/Constraints: • •

The major factor that is boosting the market growth is flourishing construction industry globally. Moreover, the governments across various nations are investing in housing projects for the dwellers in slums and rural areas, in order to provide them with basic amenities.

Apart from this, manufacturers have been constantly expanding their product portfolio by introducing premium product line such as decorative fans with lighting. This has highly contributed to the growth of the global ceiling fan market.

Report Description and Highlights

152.0 157.3 141.4 146.7 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

• •

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

170.6

175.9

181.2

186.5

165.3

2020

2021

2022

2023

2024

Some of the other forces which are further stimulating the market growth include soaring population, elevating disposable incomes, urbanisation and rising electrification rates in emerging nations.

However, the market growth faces several challenges. The ceiling fan market is facing a constant hindrance in their demand due to the emergence of substitutes such as air conditioners which are gaining traction worldwide.

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Report Description and Highlights

Report Description Key Market Segmentation:

Market Segmentation by Product Type • • • • •

Standard Fan Decorative Fan High Speed Fan Energy Saving Fan Others

On the basis of type, standard ceiling fans exhibit a clear dominance in the global market. The other products types include decorative fans, high speed fans and energy saving fans.

Market Segmentation by End-Use • •

Residential Commercial

Based on end-use, the report finds that residential currently represents the largest end-use sector, followed by commercial sector. This is due to the fact that ceiling fans are economical, provide comfort and adds to the house decor.

Report Description and Highlights

Report Description Market Segmentation by Region • • • • • •

China India European Union United States Brazil Others

On a geographical front, China enjoys a leading position in the global ceiling fan market. China is followed India, the European Union, the United States and Brazil.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Emerson Electric Co. Hunter Fan Crompton

Report Description and Highlights

Report Description • •

Shell Electric MFG Co. Ltd. NuTone

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Report Description and Highlights

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