Global Ceiling Fans Market Size study & Forecast, by Product (Standard, Decorative, High-Speed Fan, Energy Saving Fan and Others), Fan size (Small, Medium, Large), by Application (Residential, Commercial), by Distribution Channel (Online, Offline) and Reg

Global Ceiling Fans Market Size study & Forecast, by Product (Standard, Decorative, High-Speed Fan, Energy Saving Fan and Others), Fan size (Small, Medium, Large), by Application (Residential, Commercial), by Distribution Channel (Online, Offline) and Regional Analysis, 2023-2030

Global Ceiling Fans Market is valued at approximately USD 11.02 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2023-2030. Ceiling fans are used to spread air in the room, It spreads air with the help of its blades moving in a rotation, these fans are placed on the top of a room. The Ceiling Fans market is expanding because of factors such as the growing residential sector, Development in the hospitality, commercial real estate, and retail industries. However, competition among key player's presence of copied electronic products might halt market growth.

As, increasing real estate sector is a growing factor for celling fan market the growth rate of real estate sector according to Statista 2023 is 4.30% in forecast period. Also, Statista (May 2023) also stated that there will be growth of 5.5% in hospitality sector in forecast period and hospitality market reached nearly 4.7 trillion U.S. dollars and was forecast to grow to 5.8 trillion U.S. dollars in 2027. Commercial real estate sector is expected to grow at 3.03% resulting in a market volume of USD 133.50 by 2028. In 2022, the global retail market generated sales of over 27 trillion U.S. dollars, with a forecast to reach over 30 trillion U.S. dollars by 2024. Moreover Rise in population, increase in government initiative for providing electricity in rural area and growth in discretionary income are all great opportunities for this market to grow.

The key regions considered for the Global Ceiling Fans Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with a growing middle-class population specifically in India and China and government schemes related to providing electricity and residents in rural areas are helping this market to grow continuously in this region also new innovations in the ceiling fan market are driving this market in Asia Pacific region. Middle East and Africa are expected to grow significantly over the forecast period, owing to factors such as Improved urban infrastructure and Growing awareness regarding the benefits of ceiling fans help market grow in this region.

Major market player included in this report are:
Emerson Electric Co
Hunter Fan Company
Crompton Greaves Consumer Electricals Ltd
Broan-NuTone LLC
Shell Electric Holdings Limited
Ajanta Electricals,
Orient Electric,
Fantasia Ceiling Fans,
Panasonic Life Solutions India Pvt. Ltd.,
Westinghouse Electric Corporation

Recent Developments in the Market:
 In April 2023, Emerson announced to have an agreement with NI under which Emerson tend to acquire NI for USD 60 per share in cash at an equity value of USD 8.2 billion.NI provides software-connected automated test and measurement systems that permits enterprises to bring products to market faster and at a lower cost. Emerson tends to enhance its automation capabilities and gain a wide set of customers that relies on NI’s solutions at critical points along the product development cycle.
 In January 2021, Broan-NuTone collaborated with Vital Vio to create SurfaceShieldTM, a vent fan that utilizes LED light technology and this product is introduced as part of Broan-NuTone’s effective home ventilation products to meet the needs of the modern-day homemaker.
 In May 2021, Hunter fan company expands its collection in which there are Wi-Fi-enabled fans compatible with HomeKit, Google Assistant and Amazon Alexa. In addition to these platforms, the fans can be controlled with Hunter's proprietary SIMPLEconnect app, also gives 20% higher airflow velocity than leading competitors.

Global Ceiling Fans Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product, Application, Fan size, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Standard
Decorative
High speed Fans
Energy saving fans
Others

By Fan Size:
Small
Medium
Large

By Application:
Residential
Commercial

By Distribution Channel:
Offline
Online

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Emerson Electric Co
Hunter Fan Company
Crompton Greaves Consumer Electricals Ltd
Broan-NuTone LLC
Shell Electric Holdings Limited
Ajanta Electricals,
Orient Electric,
Fantasia Ceiling Fans,
Panasonic Life Solutions India Pvt. Ltd.,
Westinghouse Electric Corporation

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