Base Year
Historical Year
Forecast Year
The global ceiling fan market size reached a value of almost USD 10.17 billion in the year 2023. The ceiling fan industry is further expected to grow at a CAGR of 3.0% between 2024 and 2032 to reach a value of almost USD 13.26 billion by 2032.
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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.
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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:
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:
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:
Out of these, medium-sized fan represents the largest segment.
On the basis of distribution channel, the market is bifurcated into:
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.
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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.
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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Fan Size |
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| Breakup by Distribution Channel |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global ceiling fan market attained a value of nearly USD 10.17 billion.
The market is projected to grow at a CAGR of 3% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 13.26 billion by 2032.
The major market drivers include the increasing warm weather conditions due to rapid climate change, the surging construction activities, and the growing housing sector.
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.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types of ceiling fan include standard fan, decorative fan, high speed fan, and energy saving fan, among others.
Small, medium, and large are the various fan sizes considered in the market report.
The significant distribution channels of ceiling fan in the market are offline and online.
The several end uses of ceiling fan include residential and commercial.
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.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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