Growth in the Housing Sector Coupled With Increase in Warm Weather Conditions is Set to Drive World Ceiling Fans Market Over the Forecast Period: Ken Research

A ceiling fan refers to electrically powered mechanical devices which is suspended from the ceiling of a room to circulate air. Ceiling fan uses hub-mounted rotating blades to circulate air. It typically rotates more slowly than other types of circulating fans, for instance electric desk fans. It is highly preferred by consumers owing to their beneficial properties over air-conditioners for instance high energy-efficiency, low power consumption, better shelf-life, and cost-effectiveness. Moreover, most ceiling fans are used in two different ways with an electrical switch which reverse the direction of blade by rotating counter-clockwise (in summer) and clockwise (in winter).

World Ceiling Fans Market Research Report

According to study, “World Ceiling Fans Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world ceiling fans market are Hunter Fan Company, Emerson Ceiling Fans, Casablanca, Monte Carlo, Minka Group, Litex, CG Power and Industrial Solutions, NuTone Inc., Craftmade, Kichler, Fanimation, Crompton Greaves, Westinghouse Electric Corp., Panasonic Corp., Fantasia Ceiling Fans, Shell Electric Holdings Ltd., Orient fans, Havells India, Usha, ACC, Creoven, SMC, Mountainair, Henley Fan, Midea, Airmate, King of Fans, Inc. The key manufacturers are introducing premium products for instance decorative fans, standard fans, lighting fans, energy saving fans etc. which offer higher margins for increasing the profitability.

Based on type, ceiling fans market is segmented into DC ceiling fans, AC ceiling fans, lighting ceiling fan and traditional ceiling fan. Based on fan size, market is segmented into under 44 inch, 44-52 inch, 52-56 inch and over 56 inch. Based on equipment, market is segmented into rotor, blades or wings, flywheel, blade irons and others (downrod, assorted switches, switch housing and lamps (downlights, uplights and decorative light bulbs)). Blades or wings are usually made of Medium-density fibreboard (MDF), wood, metal, or plastic. Based on configuration, market is segmented into outdoor ceiling fans, a hugger or low profile ceiling fans, commercial or industrial ceiling fans and energy star ceiling fans. Based on distribution channel, market is segmented into offline channel and online channel. Offline stores are majorly favored by the customers as they can physically observe ceiling fans & instantly purchase the product. Based on mounting system, market is segmented into J-hook (claw-hook), ball-and-socket and low ceiling adapter. Based on operating method, market is segmented into variable speed control, pull-chain or pull-cord control, wireless remote control and wall-mounted control (solid state variable, digital control and mechanical wall control). In addition, based on end-user, market is segmented into residential and commercial.

The ceiling fans market is driven by growth in the housing sector, followed by increase in technological advancements & product innovation, rise in development in the commercial real estate, retail sectors and hospitality, increase in availability of electricity, rise in income levels of the consumers, increase in urbanization and rise in electrification rates in the emerging markets. However, advent of the air-conditioning system is a key restraint factor for the market.

Based on geography, the Asian-Pacific region holds major share, followed by European and North-American region in ceiling fans market owing to increase in awareness among general population & warm weather conditions in the region. The global market is anticipated to grow at a CAGR of approximately 2.3% over the next five years, will reach US $4410 million in 2024, from US $3850 million in 2019.

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World Ceiling Fans Market Research Report

Related Reports:-

Global Ceiling Fans Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

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