Home Ceiling Fan Market Scope
A ceiling fan is a mechanical fan that is mounted on the room’s ceiling. It is one of the most common home electrical appliances. The widespread utility of designer ceiling fans is credited to affordable price, functional, and maintenance costs. It is used in every home. Different fan blades & features such as fans with light, remote control, etc. offer smart air circulation. Ceiling fan sizes are determined by the diameter of the fan blades. The main purpose of a fan is to circulate air in the room. However, it is not limited to that only. fans come with several unique and never-seen-before features. The use of a ceiling fan will allow operating an air conditioner at a higher thermostat setting than usual.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Casablanca Fan Company (United States), Craftmade (United States), Decobreeze (United States), Ellington (United States), Emerson (United States), Fanimation (United States), Hunter (United States), Kichler (United States), Minka Aire (United States) and Monte Carlo (Canada) |
CAGR | 4.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Home Ceiling Fan market throughout the predicted period.
Casablanca Fan Company (United States), Craftmade (United States), Decobreeze (United States), Ellington (United States), Emerson (United States), Fanimation (United States), Hunter (United States), Kichler (United States), Minka Aire (United States) and Monte Carlo (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Quorum International (United States) and Tommy Bahama (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Home Ceiling Fan market by Type , by Application (Living Room, Kitchen and Other) and Region with country level break-up.
On the basis of geography, the market of Home Ceiling Fan has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On7 may 2019 Luminance Brands announced that it has acquired Emerson Air Comfort Products from Emerson.The acquired product lines from Emerson will enable Luminance Brands to expand its product offering in the global ceiling fan market.
On 22 march 2021 Havells has launched Fanmate, a table fan that is equipped with a carbon filter to remove bad odours and purify the air. The fan comes equipped with a premium satin matt finish with a leather handle, a touch button for ease of operations, a USB port for mobile charging, a USB cable to operate the fan through a laptop /normal mobile charger, and has a battery backup of up to three hours. and On 6 Jule 2020 India's market leader in ceiling fans - Crompton Greaves Consumer Electricals Ltd. has added one more fan range to its product portfolio with the launch of the new advanced range of ceiling fans - Energion powered by the ActivBDLC Technology, through which one can save up to 50% in their electricity bill. Because it consumes around 35 watts of electricity instead of 70 watts as consumed by standard ceiling fans, Energion provides a voltage difference that leads to superior energy savings and super-efficient performance in comparison to regular fans.
Influencing Trend:
Advancement of air purification technology in celling fans
Market Growth Drivers:
Increasing disposable income and High spending on home appliances
Challenges:
Presence of alternative products in market
Restraints:
High Cost of Fan
Opportunities:
Rapidly expansion of electric industry
Key Target Audience
Home Ceiling Fan Manufactures, New Entrants and Investors, Home-entertainment systems Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others