Ceiling Fans Market Size, Share, Growth Analysis, By Product(Standard and Decorative), By Fan Size(Small, Medium and Large) - Industry Forecast 2024-2031

Report ID: SQMIG25H2015 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 60 | Figures: 77

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Ceiling Fans Market size was valued at USD 12.50 Billion in 2022 and is poised to grow from USD 13.05 Billion in 2023 to USD 18.42 Billion by 2031, at a CAGR of 4.4% during the forecast period (2024-2031).

The Henley Fan Company Ltd., Del Mar Fans, Mega Home Appliances, Crompton Greaves, Emerson Electric Co., NuTone, Hunter Fan Co., Shell Electric MFG, Big Ass Fans, Ajanta Electricals, and Crompton Greaves are a few of the most well-known makers of ceiling fans. To enhance their market share, businesses are developing innovative products. 'Hunter Fan Company (US)', 'Minka Group (US)', 'Fanimation (US)', 'Casablanca Fan Company (US)', 'Emerson Electric Co. (US)', 'Kichler Lighting (US)', 'Monte Carlo Fan Company (US)', 'Panasonic Corporation (Japan)', 'Crompton Greaves Consumer Electricals Limited (India)', 'Westinghouse Electric Corporation (US)', 'Big Ass Fans (US)', 'Vaxcel International (US)', 'Midea Group (China)', 'Havells India Limited (India)', 'Gulf Coast Fans (US)', 'SMC (China)', 'Litex Industries (US)', 'TroposAir (US)', 'Progress Lighting (US)', 'Quorum International Inc. (US)', 'Eglo (Austria)', 'Matthews Fan Company (US)'

Ceiling fans are an energy-efficient alternative to air conditioners, making them an attractive option for consumers who want to save on energy costs. With rising energy costs and concerns over environmental impact, consumers are increasingly turning to ceiling fans as a more sustainable and cost-effective cooling solution.

Energy efficiency has become a key factor driving demand for ceiling fans. Many manufacturers are introducing new energy-efficient models that consume less electricity while still providing effective cooling. These designs may include features like DC motors, LED lighting, and advanced blade designs that improve airflow and reduce energy consumption.

Asia Pacific dominated the market. New ceiling fans are anticipated to be introduced in the region largely due to the expanding middle class in China and India and the improvement in urban infrastructure brought about by the implementation of supportive government-sponsored initiatives. For instance, LG introduced a smart ceiling fan featuring an LED display in India in May.

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Global Ceiling Fans Market

Product ID: SQMIG25H2015