Indai Electric Fan market Outlook, 2027-28
Description
Indai Electric Fan market Outlook, 2027-28
India being a tropical climate country, fan is an indispensable for every property. Fans are now everywhere as compare to the air conditioner. From 17th to 21st-century fans has been a great source of cooler air circulation. India's Electric fan market is mostly ruled by the organized and unorganized market which has given a vast range of electric fans. The emergence of competition between organized and unorganized players has also lead to change in the dynamics of the industry. However, growth in terms of revenue and volume has been greatly witnessed by the organized market. The unorganized market has mostly catered to the rural market, revenue from the unorganized market incurred more than INR 1500 crore for the current fiscal year. Fans are a healthier cooling solution compared to other options as they circulate fresh and clean air when users keep doors and windows open which ensures proper ventilation. Jain focuses on the nuances of the changing technologies and norms in the industry, in the conversation.
Fans help to lower down the temperature, controlling humidity while providing energy-efficient benefits. From the floor fans to tower fans, there is a range of fans in the market. India electric fans have mostly four types which are very common are ceiling fans, table fans, Pedestal fans, Wall fans. According to the report titled “India Electric Fan Market Outlook, 2027-28” by Bonafide Research the revenue grew historically at a CAGR of nearly 7% during the period 2016-17 to 2021-22. The implementation of Government schemes to increase the penetration of electricity in India would give a hike to the consumption of Electric fans in India. According to the region, though south India would lead the in the market however west India would show a robust increase in its market share. As there is an increase in purchasing power by consumers, demand for premium fans has been more. The organized fan market is dominated by Crompton Greaves, Havells, Orient, Usha, Bajaj, Khaitan Electricals dominates the market. These national brands have built their brand image over a period of time, through continuous advertising and a good dealer network. Companies are widening their modern trade market network to penetrate with better space. The companies have also launched fans at affordable prices which have affected the unorganized market growth rate. The organized market has three price segments viz. Economy fans are those whose price is lower than Rs.1500, Regular fans range from Rs.1500-2500 and Premium fans are above Rs. 2500 for a single fan. Among them, regular fans have the largest market share. With the changing lifestyle of people and increase of disposable income demand for Premium fans creating its unique space in an India Electric market. The unorganized market does not have these price segments.
BLDC (Brushless Direct Current) technology or BLDC motor, in general, has been on the market for decades and is used widely in many electrical appliances. However, until recently, the technology wasn’t used in ceiling fans. Conventional fans with induction motors usually consume 70-75 watts of power. However, BLDC fans consume half as much power. Thus, a household with 4 conventional fans can save approximately Rs. 7000 annually on its electricity bill by switching to BLDC fans. With millions of ceiling fans sold annually in India, potential energy and cost savings are huge along with a significant reduction in carbon footprint. Unlike normal induction motor-based fans, BLDC fans come with Brushless electronic DC motor that uses permanent magnets. The use of BLDC motor eliminates friction, motor noise, and sparks that usually occur in the case of normal fans due to continuous contact of brushes with commutators. Since the wear and tear are eliminated, BLDC motors have a longer service life compared to typical induction motors.
Key product type
• Ceiling Fans
• Table Fans
• Pedestal Fans
• Wall Fans
• Others types of fans(Exhaust Fans,Multi-Utility fans,etc)
Considered in the report
• Geography: India
• Base year: 2021-22
• Historical year: 2016-17
• Forecasted year: 2027-28
India being a tropical climate country, fan is an indispensable for every property. Fans are now everywhere as compare to the air conditioner. From 17th to 21st-century fans has been a great source of cooler air circulation. India's Electric fan market is mostly ruled by the organized and unorganized market which has given a vast range of electric fans. The emergence of competition between organized and unorganized players has also lead to change in the dynamics of the industry. However, growth in terms of revenue and volume has been greatly witnessed by the organized market. The unorganized market has mostly catered to the rural market, revenue from the unorganized market incurred more than INR 1500 crore for the current fiscal year. Fans are a healthier cooling solution compared to other options as they circulate fresh and clean air when users keep doors and windows open which ensures proper ventilation. Jain focuses on the nuances of the changing technologies and norms in the industry, in the conversation.
Fans help to lower down the temperature, controlling humidity while providing energy-efficient benefits. From the floor fans to tower fans, there is a range of fans in the market. India electric fans have mostly four types which are very common are ceiling fans, table fans, Pedestal fans, Wall fans. According to the report titled “India Electric Fan Market Outlook, 2027-28” by Bonafide Research the revenue grew historically at a CAGR of nearly 7% during the period 2016-17 to 2021-22. The implementation of Government schemes to increase the penetration of electricity in India would give a hike to the consumption of Electric fans in India. According to the region, though south India would lead the in the market however west India would show a robust increase in its market share. As there is an increase in purchasing power by consumers, demand for premium fans has been more. The organized fan market is dominated by Crompton Greaves, Havells, Orient, Usha, Bajaj, Khaitan Electricals dominates the market. These national brands have built their brand image over a period of time, through continuous advertising and a good dealer network. Companies are widening their modern trade market network to penetrate with better space. The companies have also launched fans at affordable prices which have affected the unorganized market growth rate. The organized market has three price segments viz. Economy fans are those whose price is lower than Rs.1500, Regular fans range from Rs.1500-2500 and Premium fans are above Rs. 2500 for a single fan. Among them, regular fans have the largest market share. With the changing lifestyle of people and increase of disposable income demand for Premium fans creating its unique space in an India Electric market. The unorganized market does not have these price segments.
BLDC (Brushless Direct Current) technology or BLDC motor, in general, has been on the market for decades and is used widely in many electrical appliances. However, until recently, the technology wasn’t used in ceiling fans. Conventional fans with induction motors usually consume 70-75 watts of power. However, BLDC fans consume half as much power. Thus, a household with 4 conventional fans can save approximately Rs. 7000 annually on its electricity bill by switching to BLDC fans. With millions of ceiling fans sold annually in India, potential energy and cost savings are huge along with a significant reduction in carbon footprint. Unlike normal induction motor-based fans, BLDC fans come with Brushless electronic DC motor that uses permanent magnets. The use of BLDC motor eliminates friction, motor noise, and sparks that usually occur in the case of normal fans due to continuous contact of brushes with commutators. Since the wear and tear are eliminated, BLDC motors have a longer service life compared to typical induction motors.
Key product type
• Ceiling Fans
• Table Fans
• Pedestal Fans
• Wall Fans
• Others types of fans(Exhaust Fans,Multi-Utility fans,etc)
Considered in the report
• Geography: India
• Base year: 2021-22
• Historical year: 2016-17
• Forecasted year: 2027-28
Table of Contents
130 Pages
- 1. Executive Summary
- 2. Market Structure
- 2.1. Market Considerate
- 2.2. Assumptions
- 2.3. Limitations
- 2.4. Abbreviations
- 2.5. Sources
- 2.6. Definitions
- 2.7. India Macro Economic Indicators
- 2.8. Demographics Insight
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. India Electric Fan Market Outlook
- 4.1. Market Size By Value
- 4.2. Market Size By Volume
- 4.3. Market Share
- 4.3.1. By Region
- 4.3.2. By Product Type (Value & Volume)
- 5. India Organized Electric Fan Market
- 5.1. Market Size By Value By Category
- 5.2. Market Size By Volume
- 5.3. Market Share
- 5.3.1. By Product Type
- 5.3.2. By State
- 5.3.3. By Company
- 6. India Unorganized Electric Fan Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Size By Volume
- 6.3. Market Size By Product Type (Value & Volume)
- 7. India Ceiling Fan Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Size By Volume
- 8. India Table Fan Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Size By Volume
- 9. India Pedestal Fan Market Outlook
- 9.1. Market Size By Value
- 9.2. Market Size By Volume
- 10. India Wall Fan Market Outlook
- 10.1. Market Size By Value
- 10.2. Market Size By Volume
- 11. Pricing Analysis
- 12. PEST Analysis
- 13. Trade Dynamics
- 13.1. Import
- 13.2. Export
- 14. Market Dynamics
- 14.1. Drivers
- 14.2. Challenges
- 15. Market Trends & Developments
- 15.1. Trend of Premiumization
- 15.2. A Shift to Smart Fans
- 15.3. Emerging Focus on Niche Categories
- 15.4. Growing Preference towards Aesthetics
- 15.5. New Launches Directed Towards Energy Efficiency
- 16. Competitive Landscape
- 16.1. Porter`s Five Forces
- 16.2. Company Profiles
- 16.2.1. Crompton Greaves Limited.
- 16.2.1.1. Company Snapshot
- 16.2.1.2. Company Overview
- 16.2.1.3. Financial Highlights
- 16.2.1.4. Geographic Spread and Distribution network
- 16.2.1.5. Business Segment & Performance
- 16.2.1.6. Product Portfolio
- 16.2.1.7. Key Executives
- 16.2.1.8. Strategic Moves & Developments
- 16.2.2. Usha International Limited.
- 16.2.3. Orient Electric Limited
- 16.2.4. Havells India Limited
- 16.2.5. Bajaj Electricals Limited
- 16.2.6. Khaitan Electricals Limited
- 16.2.7. Surya Roshni Limited
- 16.2.8. Panasonic Life Solution India Private Limited.
- 16.2.9. Vishva Electrotech Limited.
- 16.2.10. Luminous Power Technologies Limited
- 17. Strategic Recommendation’s
- 18. Disclaimer
- List of Figures
- Figure 1: India Population 2017-2021( In Crore)
- Figure 2: India Population Age Structure (EST. 2019)
- Figure 3: India Urban VS Rural (Crore)
- Figure 4: India Electric Fan Market Size By Value 2016-17 to 2027-28F (in INR Crore)
- Figure 5: India Electric Fan Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
- Figure 6: India Electric Fan Market Share By Value, By Region,( 2016-2017, 2021-22 & 2027-28F)
- Figure 7: India Organized Electric Fan Market Size By Value 2016-17 to 2027-28F (in INR Crore)
- Figure 8: India Organize Electric Fan Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
- Figure 9: India Unorganized Electric Fan Market Size By Value 2016-17 to 2027-28F (in INR Crore)
- Figure 10: India Unorganized Electric Fan Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
- Figure 11: Porter's Five Forces of India Electric Fan Market
- List of Table
- Table 1: India Tier-wise Classification Of Cities
- Table 2: India Region-wise Classification Of Cities
- Table 3: India Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
- Table 4: India Organized Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
- Table 5: India Organized Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
- Table 6: India Organized Electric Fan market Share By Company (2016-17, 2021-22 & 2027-28F)
- Table 7: India Unorganized Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
- Table 8: India Ceiling Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
- Table 9: India Ceiling Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
- Table 10: India Table Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
- Table 11: India Table Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
- Table 12: India Pedestal Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
- Table 13: India Pedestal Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
- Table 14: India Wall Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
- Table 15: India Wall Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
- Table 16: HS Code for Electric Fan Market in India 2021
- Table 17: Import Duty Structure for HS Code XXXX in India 2021
- Table 18: Import of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
- Table 19: Import of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
- Table 20: Export of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
- Table21: Export of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
Pricing
Currency Rates
Questions or Comments?
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