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North America Ceiling Fans Market Size, Share & Trends Analysis Report By Product (Standard, and Decorative), By Type (Indoor, and Outdoor), By Size, By Distribution Channel (Offline, and Online), By Application, By Country and Growth Forecast, 2024 - 203

Publisher Knowledge Based Value (KBV) Research
Published Jun 14, 2024
Length 138 Pages
SKU # KBV18925106

Description

North America Ceiling Fans Market Size, Share & Trends Analysis Report By Product (Standard, and Decorative), By Type (Indoor, and Outdoor), By Size, By Distribution Channel (Offline, and Online), By Application, By Country and Growth Forecast, 2024 - 2031


The North America Ceiling Fans Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 19,947.9 thousand units, showcasing a growth of 12.1% (2020-2023).

The ceiling fans market, segmented by indoor type, encompasses a variety of fans tailored to different indoor environments and needs. Indoor ceiling fans are essential for enhancing air circulation and maintaining comfortable temperatures in residential homes, commercial offices, retail spaces, and hospitality venues. These fans come in diverse designs, ranging from sleek, modern styles to traditional and rustic aesthetics, ensuring they complement any interior decor. Therefore, the US market would utilize 20,600.1 thousand units of indoor celling fans by 2031.

The US market dominated the North America Ceiling Fans Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,359.2 million by 2031, growing at a CAGR of 3.9 % during the forecast period. The Canada market is registering a CAGR of 7% during (2024 - 2031). Additionally, The Mexico market would showcase a CAGR of 6.1% during (2024 - 2031).

These are widely recognized for their exceptionally low electricity consumption compared to air conditioning devices. Due to their negligible energy consumption, consumers can benefit from reduced utility bills, making them an appealing choice for individuals aiming to minimize their energy expenditures and ecological impact. As energy efficiency continues to gain importance in sustainability efforts, the adoption of ceiling fans is further encouraged as a greener cooling alternative.

Another factor driving the adoption of ceiling fans is their versatility in applications and installations. It may be implemented in commercial structures, outdoor living areas, residential dwellings, and industrial facilities. Additionally, ceiling fans come in various sizes, styles, and configurations, allowing consumers to select models that best suit their needs and preferences.

Canada’s climate varies from hot and muggy summers to cold and dry winters in different parts of the country. According to Statistics Canada, building construction investment rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Hence, the increasing e-commerce sector and rising regional residential construction propel the market’s growth.

Based on Product, the market is segmented into Standard, and Decorative. Based on Type, the market is segmented into Indoor, and Outdoor. Based on Size, the market is segmented into Medium, Small, and Large. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Application, the market is segmented into Residential, and Commercial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Honeywell International, Inc.
  • Crompton Greaves Consumer Electricals Limited
  • Havells India Ltd.
  • Emerson Electric Co.
  • Panasonic Corporation
  • Mitsubishi Electric Corporation
  • Shell Electric Holdings Limited
  • Orient Electric Limited (CK Birla Group)
  • The Henley Fan Company
  • General Electric Company
North America Ceiling Fans Market Report Segmentation

By Product (Volume, Thousand Units, USD Billion, 2020-2031)
  • Standard
  • Decorative
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
  • Indoor
  • Outdoor
By Size (Volume, Thousand Units, USD Billion, 2020-2031)
  • Medium
  • Small
  • Large
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
  • Offline
  • Online
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
  • Residential
  • Commercial
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

138 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Ceiling Fans Market, by Product
1.4.2 North America Ceiling Fans Market, by Type
1.4.3 North America Ceiling Fans Market, by Size
1.4.4 North America Ceiling Fans Market, by Distribution Channel
1.4.5 North America Ceiling Fans Market, by Application
1.4.6 North America Ceiling Fans Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter’s Five Forces Analysis
Chapter 5. North America Ceiling Fans Market by Product
5.1 North America Standard Market by Region
5.2 North America Decorative Market by Region
Chapter 6. North America Ceiling Fans Market by Type
6.1 North America Indoor Market by Country
6.2 North America Outdoor Market by Country
Chapter 7. North America Ceiling Fans Market by Size
7.1 North America Medium Market by Country
7.2 North America Small Market by Country
7.3 North America Large Market by Country
Chapter 8. North America Ceiling Fans Market by Distribution Channel
8.1 North America Offline Market by Country
8.2 North America Online Market by Country
Chapter 9. North America Ceiling Fans Market by Application
9.1 North America Residential Market by Country
9.2 North America Commercial Market by Country
Chapter 10. North America Ceiling Fans Market by Country
10.1 US Ceiling Fans Market
10.1.1 US Ceiling Fans Market by Product
10.1.2 US Ceiling Fans Market by Type
10.1.3 US Ceiling Fans Market by Size
10.1.4 US Ceiling Fans Market by Distribution Channel
10.1.5 US Ceiling Fans Market by Application
10.2 Canada Ceiling Fans Market
10.2.1 Canada Ceiling Fans Market by Product
10.2.2 Canada Ceiling Fans Market by Type
10.2.3 Canada Ceiling Fans Market by Size
10.2.4 Canada Ceiling Fans Market by Distribution Channel
10.2.5 Canada Ceiling Fans Market by Application
10.3 Mexico Ceiling Fans Market
10.3.1 Mexico Ceiling Fans Market by Product
10.3.2 Mexico Ceiling Fans Market by Type
10.3.3 Mexico Ceiling Fans Market by Size
10.3.4 Mexico Ceiling Fans Market by Distribution Channel
10.3.5 Mexico Ceiling Fans Market by Application
10.4 Rest of North America Ceiling Fans Market
10.4.1 Rest of North America Ceiling Fans Market by Product
10.4.2 Rest of North America Ceiling Fans Market by Type
10.4.3 Rest of North America Ceiling Fans Market by Size
10.4.4 Rest of North America Ceiling Fans Market by Distribution Channel
10.4.5 Rest of North America Ceiling Fans Market by Application
Chapter 11. Company Profiles
11.1 Honeywell International, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expenses
11.1.5 SWOT Analysis
11.2 Crompton Greaves Consumer Electricals Limited
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Product Launches and Product Expansions:
11.2.6 SWOT Analysis
11.3 Havells India Ltd.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental Analysis
11.3.4 SWOT Analysis
11.4 Emerson Electric Co.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expense
11.4.5 SWOT Analysis
11.5 Panasonic Holdings Corporation
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 SWOT Analysis
11.6 Mitsubishi Electric Corporation
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Acquisition and Mergers:
11.6.6 SWOT Analysis
11.7 Shell Electric Holdings Limited
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expenses
11.8 Orient Electric Limited (CK Birla Group)
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Product Launches and Product Expansions:
11.9 The Henley Fan Company
11.9.1 Company Overview
11.10. General Electric Company
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
11.10.4 Research & Development Expense
11.10.5 SWOT Analysis

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