According to IMARC Group’s latest report, titled “Ceiling Fan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the ceiling fan market share. 

The global ceiling fan market size reached US$ 10.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028. A ceiling fan refers to an electronic device suspended from the ceiling of a room and has hub-mounted rotating blades that circulate the air, thus producing a cooling or destratification effect. Generally, ceiling fans have an electrical switch that helps one to change the direction of rotation of the blades. These fans are affordable and have low energy consumption, and therefore are widely employed across both the residential and commercial sectors.

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Global Ceiling Fan Market Trends:

The widespread utilization of ceiling fans across the residential sector, owing primarily to their cost-effectiveness and the ease of usage, represents one of the key factors driving the market growth. In addition to this, the escalating spending on superior quality home décor by consumers is driving the market growth. Furthermore, the rising construction of establishments, such as cottages, resorts, and lodges, is facilitating the usage of ceiling fans. In line with this, ceiling fans consume low power as compared to air conditioners (ACs), which, in turn, is increasing the product demand among the low to middle-income groups. Other factors, including rapid urbanization, rising disposable income, the easy product availability across various distribution channels, and the introduction of smart ceiling fans, are creating a positive outlook for the market.

Ceiling Fan Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the ceiling fan market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Emerson Electric Co
• Hunter Fan Company
• Crompton Greaves Consumer Electricals Ltd
• Broan-NuTone LLC
• Shell Electric Holdings Limited

Key Market Segmentation:

The report has segmented the global ceiling fan market on the basis of product type, fan size, end-use, distribution channel and region.

Breakup by Product Type:

• Standard Fan
• Decorative Fan
• High Speed Fan
• Energy Saving Fan
• Others

Breakup by Fan Size:

• Small
• Medium
• Large

Breakup by End-Use:

• Residential
• Commercial
• Industrial

Breakup by Distribution Channel:

• Offline Stores
• Online Stores

Breakup by region:

• China
• India
• European Union
• United States
• Brazil
• Others

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.