Global Ceiling Fans Market Growth 2023-2029

Global Ceiling Fans Market Growth 2023-2029

A ceiling fan is a mechanical fan, usually electrically powered, suspended from the ceiling of a room that uses hub-mounted rotating paddles to circulate air. A ceiling fan rotates much more slowly than an electric desk fan; it cools people effectively by introducing slow movement into the otherwise still, hot air of a room, inducing evaporative cooling. Fans never actually cool air, unlike air-conditioning equipment, but use significantly less power (cooling air is thermodynamically expensive). Conversely, a ceiling fan can also be used to reduce the stratification of warm air in a room by forcing it down to affect both occupants' sensations and thermostat readings, thereby improving climate control energy efficiency.
LPI (LP Information)' newest research report, the “Ceiling Fans Industry Forecast” looks at past sales and reviews total world Ceiling Fans sales in 2022, providing a comprehensive analysis by region and market sector of projected Ceiling Fans sales for 2023 through 2029. With Ceiling Fans sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ceiling Fans industry.
This Insight Report provides a comprehensive analysis of the global Ceiling Fans landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ceiling Fans portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ceiling Fans market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ceiling Fans and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ceiling Fans.
The global Ceiling Fans market size is projected to grow from US$ 4108.7 million in 2022 to US$ 4846 million in 2029; it is expected to grow at a CAGR of 4846 from 2023 to 2029.
Global Ceiling Fans key players include Panasonic, Crompton Greaves, Hunter Fan Company, Orient fans, SMC, etc. Global top five manufacturers hold a share about 25%. Asia-Pacific is the largest market, with a share about 45%, followed by North America, with a share about 20 percent. In terms of product, AC Ceiling Fans is the largest segment, with a share about 60%. And in terms of application, the largest application is Home, followed by Commercial, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Ceiling Fans market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
AC Ceiling Fans
DC Ceiling Fans
Segmentation by application
Home
Commercial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hunter Fan Company
Casablanca
Emerson Ceiling Fans
Minka
Monte Carlo
Craftmade
Litex
Fanimation
Kichler
Panasonic
Crompton Greaves
Orient fans
Usha
Havells India
SMC
ACC
Midea
MOUNTAINAIR
King of Fans, Inc
Airmate
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ceiling Fans market?
What factors are driving Ceiling Fans market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ceiling Fans market opportunities vary by end market size?
How does Ceiling Fans break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.