Ceiling Fans Market Analysis and Industry Forecast 2030

 

In a recent research report by Market Research Community, the Ceiling Fans market is expected to surpass USD 13,707.68 Million by the year 2030, from USD 9,512.45 Million in 2021.

Ceiling fans are devices mounted on the ceiling of a room that use rotating blades to circulate air and create a cooling effect. They can be used to increase air movement in a room, reducing the perceived temperature and making it feel cooler. Ceiling Fans Market come in various sizes, designs, and styles to suit different tastes and room decor. They can be operated by a switch or remote control and some models have lighting fixtures and reversible motors that can be used for heating in the winter. Ceiling fans can save energy and reduce the load on air conditioning systems, making them an effective and efficient way to regulate room temperature.

Furthermore, factors including easy to install and inexpensiveness as compared to other cooling devices such as air conditioners and HVACs are driving the growth of ceiling fans market across Europe and Brazil. Technological advancements such as remote-control compatible ceiling fans, internet and Bluetooth connectivity are anticipated to positively impact the adoption of ceiling fans during the forecast period. In addition, rise in manufacturing of smart ceiling fans that can be controlled by voice assistance is another factor anticipated to fuel the market growth in upcoming period.

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The study is consolidated into major segments and further into sub-segments, such as

By Fan size: less than 107 cm, between 107 to 122 cm, between 122 to 140 cm, and more than 140 cm

By Application: indoor and outdoor,

By End-user: sells to professional market, residential and commercial

By Type of product: without any blade, plafonnier ceiling fan, retractable ceiling fan, traditional ceiling fan with blades, without light, with wifi, and child ceiling fans

By Light source: led integrated and bulbs

By Motor type: ac and dc

By Style: industrial, nórdico, nature, design, essential, boheme, neoclassic, country charm

By Color: white, wood, black, and grey

By Distribution channel: Online and Offline

The residential sector has the biggest market share, estimated to be USD 5,651.63 million in 2021. During the period 2022-2030, the residential segment is expected to develop at a CAGR of 5.0%. Furthermore, in compared to the business category, the residential segment has the highest number of ceiling fan users. The availability of alternatives in the form of HVAC systems for big expanses in commercial buildings is a crucial growth element for the residential market

The traditional ceiling fan with blades category has the biggest Ceiling Fans Market Share, estimated to reach USD 2,302.02 million in 2021. During the period 2022-2030, the category is predicted to increase at a CAGR of 5.6%. The primary trend driving demand for conventional ceiling fans is their basic design and availability. Traditional ceiling fans, also known as conventional fans, are more popular in poorer nations.

Regional key trends can be attributed to the rise in global temperature across the globe is boosting the demand for ceiling fans. Specifically, the European peninsula is experiencing severe heat during the past one-two year which has been drastically increasing the demand for ceiling fans across the region. Moreover, the key features of ceiling fans such as low pricing and their availability in multiple designs are further fueling the market growth of ceiling fans

Global Ceiling Fans Market by Region (%), 2021

Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Panasonic Corporation, Hunter Fan Company, Havells India Ltd., Midea Group Co., Ltd., Crompton Greaves Consumer Electricals Limited, Jiangsu Gaxiao Environmental Technology Co., Ltd. (GX HVLS Fan), Masco Corporation, Fanimation, Inc., Shining Electrical Appliance Co., Limited, and Austar Technologies.

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