About Smart Ceiling Fans
A smart ceiling fan is a mechanical fan that is mounted on the room’s ceiling. It is one of the most common home electrical appliances. 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 the operation of an air conditioner at a higher thermostat setting than usual.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Smart Ceiling Fans market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Big Ass Fans (United States), Lutron Electronics Co., Inc. (United States), Hunter Fan Company (United States), Emerson Electric Co. (United States), Elica S.p.A. (Italy), Fanimation (United States), Modern Forms (United States), Minka Aire (United States), Guzzini Illuminazione (Italy) and Hunter Douglas (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kichler Lighting LLC (United States), Senston Lighting Co., Ltd. (China), Star Electric Co., Ltd. (China), Westinghouse Lighting (United States) and Zhejiang Suncoo Electric Appliances Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Smart Ceiling Fans market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Smart Ceiling Fans 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). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Smart Ceiling Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Wi-Fi-Enabled will boost the Smart Ceiling Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Model, the sub-segment i.e. 3 blade fans will boost the Smart Ceiling Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Energy Efficiency will boost the Smart Ceiling Fans market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Air Purification Technology in Ceiling Fans
Market Growth Drivers:
Rising Investments in Home Appliances are Driving Consumer Preference Towards Energy-Efficient and Sustainable Cooling Options and The Growing Emphasis on Sustainability and Energy Efficiency is Driving the Adoption of Smart Ceiling Fans
Challenges:
Presence of Alternative Products in the Market
Restraints:
High Cost of the Fans
Opportunities:
Rapidly Expansion of the Electric Industry and Upsurging Demand for Various Designs of Ceiling Fans with Lights for the House as well as Commercial Interiors
Market Leaders and their expansionary development strategies
On September 6, 2023, Emerson, a major player in the smart home market, announced the acquisition of Hubitat, a leading open-source smart home platform. This move could potentially strengthen Emerson's position in the smart ceiling fan market by integrating Habitat's platform with its smart fan offerings.
In December 2023, Big Ass Fans unveils Haiku L-Series Smart Ceiling Fan. This sleek and modern fan boasts whisper-quiet operation, voice control integration, and a built-in air purifier, aiming for a premium home experience.
Key Target Audience
Smart Ceiling Fan Manufactures, New Entrants and Investors, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.