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Global Ceiling Fan Market Outlook, 2026 | Market Size, Market Share, Market Trends, Market Dynamics

by Bonafide Research Bonafide Research: Market Research Reports & Indus

A 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 and vice versa with the change in the rotation directions. They are cost-effective, energy-saving, and excellent for factories, warehouses, libraries, shopping malls, dairy barns, restaurants, etc. According to the report ‘Global Ceiling Fan Market Outlook, 2026’ by Bonafide Research, the ceiling fan market has come a long way, from a simple ventilation electric appliance to an added charm in the room, with the marketers bringing in innovation within the budget limits, which allowed the market to grow USD 3.52 Billion from 2015 to 2026. The increased spending on premium products of home décor has propelled the demand for ceiling fans with new innovative features such as interchangeable blades, lighting fans, and smart fans with features such as voice control and connectivity access to tablets and smartphones. A ceiling fan is highly preferred by consumers on account of its advantageous properties over air-conditioners like better shelf-life, low power consumption, high energy efficiency, and cost-effectiveness. 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. The market is expected to witness a volume growth of over 185.4 Million Units by the end of the forecasted period.   

 

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Long gone are those days when a ceiling fan’s only job was to produce some airflow in the room. Today’s ceiling fans are while being extremely aesthetically appealing, equipped with modern technologies that enable them to be very functional while being equally efficient. Based on product types, standard fans represent the most popular type of ceiling fans, accounting for more than half of the total global market. The popularity of standard fans can be attributed to their easy usage and cost-effectiveness. Standard fans are followed by decorative fans, high-speed fans, energy-saving fans, and others. Even though the current generation understands the need for energy conservations, yet the energy-saving fan segment contributes to the lowest of USD 0.74 Billion by the end of the forecasted period. Growing spending on interior decorations as a result of increasing awareness regarding various designs for the house as well as commercial interiors will allow the decorative fan segment to grow with an anticipated CAGR of 4.30%. 
Consumers are increasingly spending on purchasing new flats and stand-alone houses. This trend of purchasing new residential flats or houses is expected to promote the use of ceiling fans over the next few years. Governments of different countries are introducing schemes to provide electricity connection to rural households. The household application of the ceiling fan in the global market was approx. 72% of the total market in the initial years. However, with the inclining spending office interiors, the demand for decorative ceiling fans for commercial spaces is also increasing. The segment is likely to reach a market of over USD 4 Billion by the end of the forecasted period. Medium fan size variants generated revenue of over USD 6 Billion in 2015. Consumers prefer to purchase these size variants due to easy access to these ceiling fans in brick-and-mortar stores. These products provide better air circulation power, which drives consumers to purchase this product. Small fan size is expected to be the segment with the least value difference of USD 0.70 Billion between the historic period and the forecasted period. Lack of air circulation space in urban congested rooms and workplaces is expected to promote the utility of small fans. Additionally, the small size of these ceiling fans is expected to promote utility in kitchens, where they are placed right on the countertop by facing cooks' direction to increase air circulation in the kitchen.
The home decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few apart from the ceiling fan industry. Asia Pacific region is taking a larger share in the geographic segment. It is followed by, Europe, North America, and Middle East & Africa. The global ceiling fan market is driven by the growing housing sector, especially in developing economies. Urbanization in developing countries such as China and India is expected to play a key role in promoting the establishment of new residential buildings. Additionally, over the past few years, the private and public sector banks of these countries have been providing home loans with reduced interest rates and low down-payments. This in turn supports the growth of the ceiling fan market in these two major economies, which together contributed to a share of 31% in the year 2020. The Middle East & Africa region is expected to be the potentially growing market for ceiling fans, expanding at a value CAGR of 5.48% from 2021 to 2025. Increasing awareness regarding the benefits of ceiling fans among the consumers of African countries is generating the demand for ceiling fans. Furthermore, supportive government initiatives to provide electricity connection in rural areas in Burundi, Liberia, Niger, Malawi, and Mozambique countries will continue to generate the demand for the product in the upcoming years. 
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Size By Volume for the time period (2015-2026F)
• Market Share by Type (Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan,Others)
• Market Share by Size (Small, Medium & Large)
• Market Share by Application (Household & Commercial) 
• Market Share by Sales Channel (Online & Offline)
• Market Share by Region
• Market Share by Country
• Market Share by Company 


This report would help you answer the following questions:
1. What is the market size and forecast of the Global Ceiling Fan?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Ceiling Fan during the forecast period?
3. Which region outstands in the Global Ceiling Fan?
4. Which are the segments to invest in over the forecast period in the Global Ceiling Fan?
5. What is the competitive strategic window for opportunities in the Global Ceiling Fan?
6. What are the technology trends and regulatory frameworks in the Global Ceiling Fan?
7. What are the major company in the Global Ceiling Fan?

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TABLE OF CONTENT
1. Executive Summary
2. Report Methodology
3. Global Electric Fan Market Outlook
3.1. Market Size
3.1.1. By Value
3.1.2. By Volume
3.2. Market Share
3.2.1. By Type
3.2.2. By Application
3.2.3. By Region
3.2.4. By Country
3.2.5. By Company
4. Global Ceiling Fan Outlook
4.1. Market Size
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share
4.2.1. By Type
4.2.2. By Application
4.2.3. By Fan Size
4.2.4. By Sales Channel
4.2.5. By Region
4.2.6. By Country
5. North America Ceiling Fan Outlook
5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Type
5.2.2. By Application
5.2.3. By Fan Size
5.2.4. By Sales Channel
5.2.5. By Country
6. Europe Ceiling Fan Outlook
6.1. Market Size
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share
6.2.1. By Type
6.2.2. By Application
6.2.3. By Fan Size
6.2.4. By Sales Channel
6.2.5. By Country
7. Asia Pacific Ceiling Fan Outlook
7.1. Market Size
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share
7.2.1. By Type
7.2.2. By Application
7.2.3. By Fan Size
7.2.4. By Sales Channel
7.2.5. By Country
8. Latin America Ceiling Fan Outlook
8.1. Market Size
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share
8.2.1. By Type
8.2.2. By Application
8.2.3. By Fan Size
8.2.4. By Sales Channel
8.2.5. By Country
9. Middle East & Africa Ceiling Fan Outlook
9.1. Market Size
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share
9.2.1. By Type
9.2.2. By Application
9.2.3. By Fan Size
9.2.4. By Sales Channel
9.2.5. By Country
10. Market Dynamics
10.1. Key Drivers
10.2. Key Challenges
11. Market Trends and Developments
11.1. Bladeless Ceiling Fan
11.2. Anti- Dust Ceiling Fan
11.3. Dual Motor Ceiling Fans &Premium Fans
11.4. Niche Categories for Aesthetic looks
12. Company Profiles
12.1.1. Big Ass Fans
12.1.2. Crompton Greaves Consumer Electricals Limited
12.1.3. Emerson Electric Co.
12.1.4. Havells India Limited
12.1.5. Hunter Fan Company
12.1.6. Minka Lighting Inc
12.1.7. Orient Electric
12.1.8. Panasonic Corporation
12.1.9. Shell Electric Holdings Limited
12.1.10. The Henley Fan Company Limited
12.1.11. Westinghouse Electric Company LLC
12.1.12. Company Overviews
12.1.12.1. Fantasia Ceiling Fans
12.1.12.2. Midea Group
12.1.12.3. Singfun Fans
12.1.12.4. Usha International Limited
13. Strategic Recommendations
14. Disclaimer

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Created on Apr 19th 2021 03:50. Viewed 155 times.

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