Industry Background:
DC ceiling fans are an intelligent solution for people who focus on energy efficiency as well as saving. Some of the advantages of DC ceiling fans are more efficient than AC motors, virtually silent operation, offers more power and torque while using less energy, 6-speed options are common and others. Rising demand from the emerging market and growing disposable income in developing countries are likely to be prime drivers for market growth.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Hunter Fan Company, Emerson Ceiling Fans, Minka (United States), Monte Carlo (India), Craftmade (United States), Fanimation, Inc. (United States), Kichler (United States), Panasonic Corporation (Japan), Crompton Greaves (India) and Orient fans (India) |
According to AMA, the market for DC Ceiling Fans is expected to register a CAGR of 11.2% during the forecast period to 2027. This growth is primarily driven by Rising Income Levels of the Consumers and Increasing Availability of Electricity and Increasing Usage of DC Ceiling Fans in Various Application.
Globally, a noticeable market trend is evident Technology Advancement regarding DC Ceilings Fans Major Players, such as Hunter Fan Company, Emerson Ceiling Fans, Minka (United States), Monte Carlo (India), Craftmade (United States), Fanimation, Inc. (United States), Kichler (United States), Panasonic Corporation (Japan), Crompton Greaves (India) and Orient fans (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global DC Ceiling Fans market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market
Key Developments in the Market:
On 27 September 2021, Panasonic Corporation announced that Panasonic Ecology Systems Co., Ltd. and Panasonic Life Solutions Vietnam Co. Ltd. have completed a new factory in Binh Duong Province in Vietnam, and will start the production and shipment of ceiling fans and ventilating fans from October 13. This is the first factory in the Panasonic Group to handle this product category in Vietnam.
DC Ceiling Fans Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Income Levels of the Consumers and Increasing Availability of Electricity
- Increasing Usage of DC Ceiling Fans in Various Application
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Influencing Trends | - Technology Advancement regarding DC Ceilings Fans
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Restraints | - Availability of substitutes in the market
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Gaps & Opportunities | - Growing Demand from Emerging Economics such as China, India, and Others
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in DC Ceiling Fans Market
- Analysis about New Entrants in DC Ceiling Fans Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, DC Ceiling Fans Study Sheds Light on
The DC Ceiling Fans Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the DC Ceiling Fans industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where DC Ceiling Fans industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.