Reports

Ceiling Fan Market

Global Ceiling Fan Market: By Type: Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan, Others; By Fan Size; By Distribution Channel; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Price Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Ceiling Fan Market Outlook

The global ceiling fan market size reached a value of almost USD 9.87 billion in the year 2022. The ceiling fan industry is further expected to grow at a CAGR of 3% between 2023 and 2028 to reach a value of almost USD 11.78 billion by 2028. 

 

Ceiling Fan Market

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The global ceiling fan market is driven by the rising infrastructural projects. China is one of the largest producers and exporters of ceiling fan globally. The market is aided by the warm weather conditions, along with the great population in the region. China is followed by India, the European Union, the United States, and Brazil.

 

Ceiling Fan Market by Type

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Market Segmentation

Ceiling fan is an electrically operated mechanical device that is hung on the ceiling of a room to circulate air. It stimulates evaporative cooling and slow movement, thereby cooling the hot air in the room efficiently. It is composed of hub-mounted rotating paddles, which move much slower as opposed to electric desk fans. It is highly preferred by consumers on account of their advantageous properties over air-conditioners like better shelf-life, low power consumption, high energy-efficiency, and cost-effectiveness.

The ceiling fan market is bifurcated on the basis of end-use into:

  • Residential
  • Commercial

Among all of these, the residential sector accounts for the largest share owing to ongoing construction activities over the world.

On the basis of type, the market is divided into:

  • Standard Decorative 
  • High Speed 
  • Energy Saving 
  • Others

Amongst these, standard fan represents the most popular type of ceiling fans, holding more than half of the total global market. It is easy to use and cost-effective. 

On the basis of fan size, the market is segregated into:

  • Small
  • Medium
  • Large

Out of these, medium-sized fan represents the largest segment.

On the basis of distribution channel, the market is bifurcated into:

  • Offline
  • Online

Currently, offline stores are majorly preferred by the consumers. 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Ceiling Fan Market by Region

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Market Analysis 

The global ceiling fan market is driven by the growing housing sector, especially in the developing economies. The governments of China and India, for instance, are creating new schemes to provide shelter to the low- and middle-income groups. Moreover, development in the hospitality, commercial real estate, and retail sectors are invigorating the market growth for ceiling fan.

The market is further aided by the increasing demand for ceiling fans due to inflating income levels of the consumers and the growing availability of electricity. In addition to this, the manufacturers are launching premium products such as decorative fans, lighting fans, etc. which offer higher margins to them, thereby boosting their profitability.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global ceiling fan market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Crompton Greaves Consumer Electricals Limited
  • Emerson Electric Co.
  • Hunter Fan Company
  • Ajanta Electricals
  • Del Mar Fans & Lighting
  • The Henley Fan Company Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. 

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Fan Size, Distribution Channel, End Use, Region
Breakup by Type Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan, Others
Breakup by Fan Size Small, Medium, Large
Breakup by Distribution Channel Offline, Online
Breakup by End Use Residential, Commercial
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends-Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Crompton Greaves Consumer Electricals Limited, Emerson Electric Co., Hunter Fan Company, Ajanta Electricals, Del Mar Fans & Lighting, The Henley Fan Company Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Ceiling Fan Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Ceiling Fan Historical Market (2018-2022) 
    8.3    Global Ceiling Fan Market Forecast (2023-2028)
    8.4    Global Ceiling Fan Market by Type
        8.4.1    Standard Fan
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Decorative Fan
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    High Speed Fan
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Energy Saving Fan
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global Ceiling Fan Market by Fan Size
        8.5.1    Small
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Medium
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Large
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Ceiling Fan Market by Distribution Channel
        8.6.1    Offline
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Online
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Ceiling Fan Market by End Use
        8.7.1    Residential
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Commercial
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
    8.8    Global Ceiling Fan Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
    12.1    Price Structure
    12.2    Price Trends
13    Manufacturing Process
    13.1    Detailed Process Flow
    13.2    Operations Involved
14    Project Details, Requirements and Costs Involved
    14.1    Land, Location, and Site Development
    14.2    Construction
    14.3    Plant Machinery
    14.4    Cost of Raw Material
    14.5    Packaging
    14.6    Transportation
    14.7    Utilities
    14.8    Manpower
    14.9    Other Capital Investment
15    Loans and Financial Assistance
16    Project Economics
    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins across Various Levels of the Supply Chain
    16.4    Income Projections
    16.5    Expenditure Projections
    16.6    Taxation and Depreciation
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players’ Market Share
    17.3    Company Profiles
        17.3.1    Crompton Greaves Consumer Electricals Limited
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Certifications
        17.3.2    Emerson Electric Co.
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Certifications
        17.3.3    Hunter Fan Company
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Certifications
        17.3.4    Ajanta Electricals
            17.3.4.1    Company Overview
            17.3.4.2    Product Portfolio
            17.3.4.3    Demographic Reach and Achievements
            17.3.4.4    Certifications
        17.3.5    Del Mar Fans & Lighting
            17.3.5.1    Company Overview
            17.3.5.2    Product Portfolio
            17.3.5.3    Demographic Reach and Achievements
            17.3.5.4    Certifications
        17.3.6     The Henley Fan Company Ltd.
            17.3.6.1    Company Overview
            17.3.6.2    Product Portfolio
            17.3.6.3    Demographic Reach and Achievements
            17.3.6.4    Certifications
        17.3.7    Others
18    Industry Events and Developments


List of Key Figures and Tables

1.    Global Ceiling Fan Market: Key Industry Highlights, 2018 and 2028
2.    Global Ceiling Fan Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Ceiling Fan Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Ceiling Fan Historical Market: Breakup by Fan Size (USD Billion), 2018-2022
5.    Global Ceiling Fan Market Forecast: Breakup by Fan Size (USD Billion), 2023-2028
6.    Global Ceiling Fan Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7.    Global Ceiling Fan Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8.    Global Ceiling Fan Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Ceiling Fan Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Ceiling Fan Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Ceiling Fan Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Ceiling Fan Market Structure

Key Questions Answered in the Report

What was the global ceiling fan market size in 2022?

In 2022, the global ceiling fan market attained a value of nearly USD 9.87 billion. 

What is the growth rate of the global ceiling fan market?

The market is projected to grow at a CAGR of 3% between 2023 and 2028.

What is the forecast outlook of the global ceiling fan market for 2023-2028?

The market is estimated to grow in the forecast period of 2023-2028 to reach about USD 11.78 billion by 2028. 

What are the major market drivers?

The major market drivers include the increasing warm weather conditions due to rapid climate change, the surging construction activities, and the growing housing sector.

What are the key trends of the global ceiling fan market?

The introduction of favourable government initiatives aimed at providing shelter to the vulnerable population, the growing availability of electricity in low-income countries, and the launch of decorative ceiling fans by leading companies are the key trends guiding the market.

What are the major regional markets of ceiling fan, according to the EMR report?

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major types of ceiling fan in the market?

The major types of ceiling fan include standard fan, decorative fan, high speed fan, and energy saving fan, among others.

What are the various fan sizes considered in the market report?

Small, medium, and large are the various fan sizes considered in the market report.

What are the significant distribution channels of ceiling fan in the market?

The significant distribution channels of ceiling fan in the market are offline and online.

What are the several end uses of ceiling fan?

The several end uses of ceiling fan include residential and commercial.

Who are the key market players, according to the report?

The major players in the industry are Crompton Greaves Consumer Electricals Limited, Emerson Electric Co., Hunter Fan Company, Ajanta Electricals, Del Mar Fans & Lighting, and The Henley Fan Company Ltd., among others.

Analyst Review

The global ceiling fan market attained a value of USD 9.87 billion in 2022, driven by the growing housing sector and development of the hospitality and retail sectors. Aided by the launch of smart fans, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3%. The ceiling fan market is projected to reach USD 11.78 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the ceiling fan industry can be segmented into standard, decorative, high speed, energy-saving, and other fans, with standard fan accounting for the largest market share. On the basis of fan size, the industry can be divided into the large, medium, and small, where medium-sized fans account for the leading share in the industry. Based on distribution channel, the offline stores account for the majority of the industry share. On the basis of end-use, the residential sector is dominating the industry. The major regional markets for ceiling fan are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Crompton Greaves Consumer Electricals Limited, Emerson Electric Co., Hunter Fan Company, Ajanta Electricals, Del Mar Fans & Lighting, and The Henley Fan Company Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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