The global ceiling fans market size is expected to reach USD 12.5 billion by 2025, expanding at a CAGR of 4.3% over the forecast period. Increasing popularity of technologically advanced smart fans with various add-on convenience features including voice control and smartphone access is expected to play a key role in expanding the market reach. Additionally, implementation of new government initiatives to ensure the electricity access to the rural areas in developing economies including China, India, Bangladesh, and Mexico is expected to expand the demand for ceiling fans over the next few years.
Standard product was the largest product segment in 2018. Consumers prefer to purchase these products due to its wide range of availability, coupled with cost effectiveness. Additionally, under this product category, the companies are introducing high speed and energy saving products to cater to the growing requirements from the residential and commercial segments.
Small size fan is projected to be the fastest growing category with a CAGR of 7.7% from 2019 to 2025. This product is used in small rooms to circulate air and decrease temperature. Growing urbanization has led to room space problem in metro cities, which will promote the utility of small size products in the upcoming years.
Asia Pacific is expected to remain one of the lucrative markets for ceiling fans over the next few years. Expansion in the population of middle-class income groups in emerging economies including China, India, Bangladesh, and Philippines is expected to remain a favorable factor, which, in turn, will promote the usage of the product. Furthermore, implementation of various policies by the governments of China and India aimed at ensuring the electricity access to the rural households at the domestic level is projected to open new opportunities for the ceiling fan industry.
Key ceiling fan manufacturing firms include Crompton Greaves, Emerson Electric Co, NuTone, Hunter Fan Company, Shell Electric MFG Co. Ltd, Big Ass Fans, Ajanta Electricals, Del Mar Fans & Lighting, Mega Home Appliances, and The Henley Fan Company Ltd. Some of the manufacturers are focusing on new product developments and alliance formation with distributors in order to expand their reach to the consumers. Moreover, they are expected to increase spending on the launches of advanced products including smart fans.
Standard product was the largest product segment in 2018. Consumers prefer to purchase these products due to its wide range of availability, coupled with cost effectiveness. Additionally, under this product category, the companies are introducing high speed and energy saving products to cater to the growing requirements from the residential and commercial segments.
Small size fan is projected to be the fastest growing category with a CAGR of 7.7% from 2019 to 2025. This product is used in small rooms to circulate air and decrease temperature. Growing urbanization has led to room space problem in metro cities, which will promote the utility of small size products in the upcoming years.
Asia Pacific is expected to remain one of the lucrative markets for ceiling fans over the next few years. Expansion in the population of middle-class income groups in emerging economies including China, India, Bangladesh, and Philippines is expected to remain a favorable factor, which, in turn, will promote the usage of the product. Furthermore, implementation of various policies by the governments of China and India aimed at ensuring the electricity access to the rural households at the domestic level is projected to open new opportunities for the ceiling fan industry.
Key ceiling fan manufacturing firms include Crompton Greaves, Emerson Electric Co, NuTone, Hunter Fan Company, Shell Electric MFG Co. Ltd, Big Ass Fans, Ajanta Electricals, Del Mar Fans & Lighting, Mega Home Appliances, and The Henley Fan Company Ltd. Some of the manufacturers are focusing on new product developments and alliance formation with distributors in order to expand their reach to the consumers. Moreover, they are expected to increase spending on the launches of advanced products including smart fans.
Ceiling Fan Market Report Highlights
- Medium size products generated a revenue of USD 7.1 billion in 2018
- Online channel is expected to ascend at the fastest CAGR of 5.1% from 2019 to 2025 as it provides excellent convenience to the buyers
- The residential application segment is expected to account for more than 70.0% share of global revenue by the end of 2025
- Asia Pacific dominated the ceiling fan market in 2018, accounting for a share of 51.9% owing to high concentration of middle-income groups in countries such as China and India.
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Ceiling Fans Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Ceiling Fans Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Ceiling Fans Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Standard
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Decorative
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Ceiling Fans Market: Fan Size Estimates & Trend Analysis
6.1. Fan Size Movement Analysis & Market Share, 2018 & 2025
6.2. Small
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.3. Medium
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.4. Large
6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Ceiling Fans Market: Application Estimates & Trend Analysis
7.1. Application Movement Analysis & Market Share, 2018 & 2025
7.2. Residential
7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
7.3. Commercial
7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 8. Ceiling Fans Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
8.2. Offline
8.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
8.3. Online
8.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 9. Ceiling Fans Market: Regional Estimates & Trend Analysis
9.1. Regional Movement Analysis & Market Share, 2018 & 2025
9.2. North America
9.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.2.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.2.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.2.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.2.6. The U.S.
9.2.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.2.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.2.6.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.2.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.2.6.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.3. Europe
9.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.3.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.3.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.3.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.3.6. Germany
9.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.3.6.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.3.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.3.6.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.4. Asia Pacific
9.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.4.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.4.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.4.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.4.6. China
9.4.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.4.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.4.6.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.4.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.4.6.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.4.7. India
9.4.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.4.7.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.4.7.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.4.7.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.4.7.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.4.8. Australia
9.4.8.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.4.8.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.4.8.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.4.8.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.4.8.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.5. Central & South America
9.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.5.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.5.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.5.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.5.6. Brazil
9.5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.5.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.5.6.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.5.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.5.6.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.6. Middle East & Africa (MEA)
9.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.6.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.6.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
9.6.6. South Africa
9.6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
9.6.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
9.6.6.3. Market estimates and forecast, by fan size, 2015 - 2025 (USD Million)
9.6.6.4. Market estimates and forecast, by application, 2015 - 2025 (USD Million)
9.6.6.5. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 10. Competitive Analysis
10.1. Key global players, recent developments & their impact on the industry
10.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
10.3. Vendor Landscape
10.3.1. Key company market share analysis, 2018
Chapter 11. Company Profiles
11.1. Crompton Greaves
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Emerson Electric Co.
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Strategic Initiatives
11.3. NuTone
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Strategic Initiatives
11.4. Hunter Fan Company
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Strategic Initiatives
11.5. Shell Electric MFG Co. Ltd.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Strategic Initiatives
11.6. Big Ass Fans
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Strategic Initiatives
11.7. Ajanta Electricals
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Strategic Initiatives
11.8. Del Mar Fans & Lighting
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Strategic Initiatives
11.9. Mega Home Appliances
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Strategic Initiatives
11.10. Henley Fan Company Ltd.
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Strategic Initiatives
List of Tables
1. Ceiling Fans - Key market driver analysis
2. Ceiling Fans - Key market restraint analysis
3. Global standard ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
4. Global decorative ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
5. Global small size ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
6. Global medium size ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
7. Global large-size ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
8. Global ceiling fans market estimates and forecast for residential application, 2015 - 2025 (USD Million)
9. Global ceiling fans market estimates and forecast for commercial application, 2015 - 2025 (USD Million)
10. Global ceiling fans market estimates and forecast through offline, 2015 - 2025 (USD Million)
11. Global ceiling fans market estimates and forecast through online, 2015 - 2025 (USD Million)
12. North America ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
13. North America ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
14. North America ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
15. North America ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
16. North America ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
17. U.S. ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
18. U.S. ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
19. U.S. ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
20. U.S. ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
21. U.S. ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. Europe ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
23. Europe ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. Europe ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
25. Europe ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
26. Europe ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
27. Germany ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
28. Germany ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
29. Germany ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
30. Germany ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
31. Germany ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
32. Asia Pacific ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
33. Asia Pacific ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
34. Asia Pacific ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
35. Asia Pacific ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
36. Asia Pacific ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
37. China ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
38. China ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
39. China ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
40. China ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
41. China ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
42. India ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
43. India ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
44. India ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
45. India ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
46. India ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
47. Australia ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
48. Australia ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
49. Australia ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
50. Australia ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
51. Australia ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
52. Central & South America ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
53. Central & South America ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
54. Central & South America ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
55. Central & South America ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
56. Central & South America ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
57. Brazil ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
58. Brazil ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
59. Brazil ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
60. Brazil ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
61. Brazil ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
62. The Middle East and Africa ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
63. The Middle East and Africa ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
64. The Middle East and Africa ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
65. The Middle East and Africa ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
66. The Middle East and Africa ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
67. South Africa ceiling fans market estimates and forecast, 2015 - 2025 (USD Million)
68. South Africa ceiling fans market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
69. South Africa ceiling fans market revenue estimates and forecast by fan size, 2015 - 2025 (USD Million)
70. South Africa ceiling fans market revenue estimates and forecast by application, 2015 - 2025 (USD Million)
71. South Africa ceiling fans market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
72. Vendor landscape
List of Figures
1. Ceiling Fans market snapshot
2. Ceiling Fans market segmentation & scope
3. Ceiling Fans market penetration & growth prospect mapping
4. Ceiling Fans value chain analysis
5. Ceiling Fans market dynamics
6. Ceiling Fans market Porter's analysis
7. Ceiling Fans market: Product movement analysis
8. Ceiling Fans market: Fan Size movement analysis
9. Ceiling Fans market: Application movement analysis
10. Ceiling Fans Market: Distribution Channel movement analysis
11. Ceiling Fans market: Regional movement analysis
Companies Mentioned
- Crompton Greaves
- Emerson Electric Co.
- NuTone
- Hunter Fan Company
- Shell Electric MFG Co. Ltd.
- Big Ass Fans
- Ajanta Electricals
- Del Mar Fans & Lighting
- Mega Home Appliances
- Henley Fan Company Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | July 2022 |
| Forecast Period | 2019 - 2025 |
| Estimated Market Value ( USD | $ 9.69 Billion |
| Forecasted Market Value ( USD | $ 12.5 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
