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).
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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Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
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