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Report
  1. Ceiling Fans Market to hit US$ 16,172.19 million, Globally, by 2027 at 6.0% CAGR: The Insight Partners
  4. According to our latest market study on “Ceiling Fans Market Forecast to 2027 – COVID-19 Impact and Global Analysis – By Product (Standard and Decorative), Fan Size Industry (Small, Medium, and Large), and End User (Residential, Commercial, and Industrial),” the market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
  5. By accelerating sweat evaporation and heat exchange through convection, ceiling fans promote air circulation and produce a cooling effect. Because ceiling fans consume a lot less energy than air conditioning, they are preferred by middle-class people. In addition to the financial advantages, they have an air conditioner-like lifespan. New residential construction is encouraged by the growing urbanisation in emerging nations. The demand for ceiling fans with new, innovative features like interchangeable blades and lighting fans, as well as smart fans with features like voice control and connectivity access to tablets and smartphones, is being further fueled by the increased spending on high-end home décor items. Modern consumers prefer to spend money on stylish and dependable equipment. The use of ceiling fans with extra features like tiered light bulbs and interchangeable blades is anticipated to increase as high-end home decor costs rise across the globe. Furthermore, the expansion of the ceiling fan market is anticipated to benefit from rising spending on interior decoration as a result of rising awareness of various designs for residential and commercial spaces due to effective social media campaigns on platforms like Facebook, Pinterest, and Instagram. To enhance the interior design of homes, businesses are also selling imaginative ceiling fans such rustic ceiling fans, contemporary ceiling fans, black ceiling fans, and fancy ceiling fans. Custom-made ceiling fans with three and four blades are available for purchase in urban areas. Demand for various decorative ceiling fans is driven by growing customer propensity to renovate their houses after a given amount of time. The expansion of the consumer market as a result of globalisation facilitates the selection of a wide range of products across numerous distribution networks.
  6. Big Ass Fans, Kichler Lighting LLC, Minka Lighting Inc., Luminance Brands, Crompton Greaves Consumer Electricals Limited, Havells India Ltd., Hunter Fan Company, Westinghouse Electric Corporation, Fantasia Ceiling Fans, and Panasonic Corporation are among the well-established players in the global ceiling fans market.
  7. Impact of COVID-19 Pandemic on Ceiling Fans Market
  8. As of December 2020, the US, Brazil, India, Russia, Spain, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths caused by COVID-19. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. China, is a manufacturing hub and the largest raw material supplier for various industries, is also one of the countries that experienced early effects of this pandemic. The lockdown of various plants and factories in China affected the global supply chains and disrupted manufacturing and delivery schedules, and sales of various materials. Different companies have already made announcements regarding possible delays in product deliveries and slump in future sales of their products. In addition, travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships. These factors are limiting the growth of several industries, including the consumer electronics industry.
  9. For More Information:
  10. https://www.theinsightpartners.com/reports/ceiling-fan-market
  11. The report includes the segmentation of the global ceiling fans market as follows:
  13. Ceiling Fans Market, by Product
  15. • Standard
  16. • Decorative
  17. Ceiling Fans Market, by Fan size industry
  19. • Small
  20. • Medium
  21. • Large
  22. Ceiling Fans Market, by End User
  24. • Residential
  25. • Commercial
  26. • Industrial
  27. Ceiling Fans Market, by Geography
  29. o North America
  30.  US
  31.  Canada
  32.  Mexico
  33. o Europe
  34.  Germany
  35.  France
  36.  UK
  37.  Italy
  38.  Rest of Europe
  39. o Asia Pacific (APAC)
  40.  Australia
  41.  China
  42.  India
  43.  Japan
  44.  South Korea
  45.  Rest of APAC
  46. o Middle East and Africa (MEA)
  47.  South Africa
  48.  Saudi Arabia
  49.  UAE
  50.  Rest of MEA
  51. o South America
  52.  Brazil
  53.  Argentina
  54.  Rest of South America
  56. Contact Us
  57. Contact Person: Sameer Joshi
  58. Phone: +1-646-491-9876
  59. Email Id: sales@theinsightpartners.com
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