Smart Ceiling Fans Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F
The global smart ceiling fans market is witnessing robust growth for multiple reasons, such as rising consumer awareness of smart electric appliances and their possible use. The rising urbanization and increasing awareness about smart products such as smart televisions, cooktops, lights, etc., influence the demand for smart ceiling fans in different regions. As per the data provided by World Bank in 2021, global urbanization is rising at an annual growth rate of 1.7%, considering that more than 57% of the total population is considered urbanized. Moreover, according to the data provided by World Bank, the global per capita income is rising at an annual growth rate of 4.8% which is increasing the consumer’s purchasing power. As per the data published by the Intergovernmental Panel on Climate Control (IPCC) in the Times of India, due to rising global warming, the earth’s average temperature has reached 1°C and will reach 1.5°C in the future. Moreover, air conditioners are a major contributor to global warming; thus, the rise in global warming will force consumers to switch to ceiling fans and other natural cooling methods which are eco-friendly in nature.
In the coming years, the market for smart ceiling fans is anticipated to rise due to customer preferences shifting toward employing new technologies to streamline daily tasks. Additionally, during the projection period, the market for smart ceiling fans is anticipated to rise due to their ability to automatically modify their speed in response to changes in room temperature. The market is anticipated to expand due to key characteristics like advanced cooling capabilities, temperature control with automated sensors, and wireless connections. Moreover, the rising availability of easy payment options through online and offline channels is fueling the growth of global smart ceiling fans.
Growing Preference for Convenient Residential Products Are Aiding the Market Growth
The market is anticipated to be driven by customers' changing lifestyles and growing preferences for efficient household items. It is projected that factors like increasing consumer acceptance of smart home equipment, such as Bluetooth and Wi-Fi-enabled smart ceiling fans, will drive market expansion. Customers may easily control these gadgets, including smart ceiling fans, on their smartphones using compatible apps like Alexa and Google Assistant. These products also have advanced features such as humidity control, high ventilation, dust and aerial microorganism-free air, climate control, and energy saving, which is expected to accelerate market expansion. Therefore, the rising demand for smart devices which can work in compatibility with other smart home devices is gaining popularity among consumers.
Increasing Smart Features in Ceiling Fans is Fueling the Market Growth
The various technological advancements and smart features such as voice detection through smartphones, inbuilt voltage stabilizer, smart design with increased sweep size, and connectivity through the internet of things are driving the market growth of smart ceiling fans in different countries. Moreover, the smart ceiling fans can be scheduled for a temperature favorable for the consumers and per their needs. With the infusion of artificial intelligence, the fan can detect its regulation speed to create the required temperature in the room. Wireless connectivity, advanced cooling features, and automatic temperature control are just a few of the features of smart fans. By installing the appropriate application, customers can easily operate these items. They can even use voice assistants like Google Assistant and Alexa to control the smart fans by pairing them with Bluetooth or Wi-Fi.
Rising Prices and Availability of Substitute Product Will Hamper the Market Growth
Due to the increasing demand for the product, various brands have entered the market, leading to the product's rising prices. The availability of substitute products like air conditioners and air coolers, efficiently cooling at a faster rate, will hamper the market growth in the forecasted period.
Market Segmentation
The smart ceiling fans market is segmented based on sweep size, end user, and sales channel. Based on sweep size, the market is divided into less than 500mm, 500-999mm, 1000-1500mm, and more than 1500mm. Based on the end user, the market is further divided into commercial/industrial and residential. Based on sales channels, the market is fragmented into exclusive stores, hypermarkets & supermarkets, online, and others, including distributors, dealers, etc. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Company Profiles
Emerson Electric Co., Havells India Ltd., LG Electronics, Inc., Minka Lighting, Inc., Orient Electric, CG Power and Industrial Solutions Limited, Ottomate International, Delta T, LLC., Hunter Fan Company, Modern Form are among the major market players in the global platform that lead the market growth of the global smart ceiling fans market.
Report Scope:
In this report, the global smart ceiling fans market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Global Smart Ceiling Fans Market, By Sweep Size:
- Less than 500mm
- 500-999mm
- 1000-1500mm
- More than 1500mm
- Global Smart Ceiling Fans Market, By End-User
- Residential
- Commercial/Industrial
- Global Smart Ceiling Fans Market, By Sales Channel:
- Exclusive Stores
- Hypermarket & Supermarket
- Online Channels
- Others
- Global Smart Ceiling Fans Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Netherlands
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Vietnam
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Turkey
- South America
- Brazil
- Argentina
- Colombia
Company Profiles: Detailed analysis of the major companies present in the global smart ceiling fans market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Introduction
- 1.1. Product Overview
- 1.2. Key Highlights of the Report
- 1.3. Market Coverage
- 1.4. Market Segments Covered
- 1.5. Research Tenure Considered
- 2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
- 3. Executive Summary
- 3.1. Market Overview
- 3.2. Market Forecast
- 3.3. Key Regions
- 3.4. Key Segments
- 4. Voice of Customer Analysis (B2C Model Analysis)
- 4.1. Sample Size Determination
- 4.2. Respondent Demographics
- 4.2.1. By Gender
- 4.2.2. By Age
- 4.2.3. By Occupation
- 4.3. Brand Awareness
- 4.4. Factors Influencing Purchase Decision
- 4.5. Customer Satisfaction
- 4.6. Challenges Faced After Purchase
- 5. Global Smart Ceiling Fans Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Sweep Size Market Share Analysis (less than 500mm, 500-999mm, 1000-1500mm, more than 1500mm)
- 5.2.2. By End-User Market Share Analysis (Residential, Commercial/Industrial)
- 5.2.3. By Sales Channel Market Share Analysis (Exclusive Stores, Hypermarket & Supermarket, Online Channels, Others)
- 5.2.4. By Regional Market Share Analysis
- 5.2.4.1. North America Market Analysis
- 5.2.4.2. Europe Market Analysis
- 5.2.4.3. Asia -Pacific Market Analysis
- 5.2.4.4. Middle East & Africa Market Analysis
- 5.2.4.5. South America Market Analysis
- 5.2.5. By Company Market Share Analysis
- 5.3. Global Smart Ceiling Fans Market Mapping & Opportunity Assessment
- 5.3.1. By Sweep Size Market Mapping & Opportunity Assessment
- 5.3.2. By End-User Market Mapping & Opportunity Assessment
- 5.3.3. By Sales Channel Market Mapping & Opportunity Assessment
- 5.3.4. By Regional Market Mapping & Opportunity Assessment
- 6. North America Smart Ceiling Fans Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Sweep Size Market Share Analysis
- 6.2.2. By End-User Market Share Analysis
- 6.2.3. By Sales Channel Market Share Analysis
- 6.2.4. By Country Market Share Analysis
- 6.2.4.1. United States Smart Ceiling Fans Market Outlook
- 6.2.4.1.1. Market Size & Forecast
- 6.2.4.1.1.1. By Value
- 6.2.4.1.1.2. By Volume
- 6.2.4.1.2. Market Share & Forecast
- 6.2.4.1.2.1. By Sweep Size Market Share Analysis
- 6.2.4.1.2.2. By End-User Market Share Analysis
- 6.2.4.1.2.3. By Sales Channel Market Share Analysis
- 6.2.4.2. Canada Smart Ceiling Fans Market Outlook
- 6.2.4.2.1. Market Size & Forecast
- 6.2.4.2.1.1. By Value
- 6.2.4.2.1.2. By Volume
- 6.2.4.2.2. Market Share & Forecast
- 6.2.4.2.2.1. By Sweep Size Market Share Analysis
- 6.2.4.2.2.2. By End-User Market Share Analysis
- 6.2.4.2.2.3. By Sales Channel Market Share Analysis
- 6.2.4.3. Mexico Smart Ceiling Fans Market Outlook
- 6.2.4.3.1. Market Size & Forecast
- 6.2.4.3.1.1. By Value
- 6.2.4.3.1.2. By Volume
- 6.2.4.3.2. Market Share & Forecast
- 6.2.4.3.2.1. By Sweep Size Market Share Analysis
- 6.2.4.3.2.2. By End-User Market Share Analysis
- 6.2.4.3.2.3. By Sales Channel Market Share Analysis
- 7. Europe Smart Ceiling Fans Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Sweep Size Market Share Analysis
- 7.2.2. By End-User Market Share Analysis
- 7.2.3. By Sales Channel Market Share Analysis
- 7.2.4. By Country Market Share Analysis
- 7.2.4.1. France Smart Ceiling Fans Market Outlook
- 7.2.4.1.1. Market Size & Forecast
- 7.2.4.1.1.1. By Value
- 7.2.4.1.1.2. By Volume
- 7.2.4.1.2. Market Share & Forecast
- 7.2.4.1.2.1. By Sweep Size Market Share Analysis
- 7.2.4.1.2.2. By End-User Market Share Analysis
- 7.2.4.1.2.3. By Sales Channel Market Share Analysis
- 7.2.4.2. Germany Smart Ceiling Fans Market Outlook
- 7.2.4.2.1. Market Size & Forecast
- 7.2.4.2.1.1. By Value
- 7.2.4.2.1.2. By Volume
- 7.2.4.2.2. Market Share & Forecast
- 7.2.4.2.2.1. By Sweep Size Market Share Analysis
- 7.2.4.2.2.2. By End-User Market Share Analysis
- 7.2.4.2.2.3. By Sales Channel Market Share Analysis
- 7.2.4.3. Spain Smart Ceiling Fans Market Outlook
- 7.2.4.3.1. Market Size & Forecast
- 7.2.4.3.1.1. By Value
- 7.2.4.3.1.2. By Volume
- 7.2.4.3.2. Market Share & Forecast
- 7.2.4.3.2.1. By Sweep Size Market Share Analysis
- 7.2.4.3.2.2. By End-User Market Share Analysis
- 7.2.4.3.2.3. By Sales Channel Market Share Analysis
- 7.2.4.4. Netherlands Smart Ceiling Fans Market Outlook
- 7.2.4.4.1. Market Size & Forecast
- 7.2.4.4.1.1. By Value
- 7.2.4.4.1.2. By Volume
- 7.2.4.4.2. Market Share & Forecast
- 7.2.4.4.2.1. By Sweep Size Market Share Analysis
- 7.2.4.4.2.2. By End-User Market Share Analysis
- 7.2.4.4.2.3. By Sales Channel Market Share Analysis
- 7.2.4.5. United Kingdom Smart Ceiling Fans Market Outlook
- 7.2.4.5.1. Market Size & Forecast
- 7.2.4.5.1.1. By Value
- 7.2.4.5.1.2. By Volume
- 7.2.4.5.2. Market Share & Forecast
- 7.2.4.5.2.1. By Sweep Size Market Share Analysis
- 7.2.4.5.2.2. By End-User Market Share Analysis
- 7.2.4.5.2.3. By Sales Channel Market Share Analysis
- 8. Asia-Pacific Smart Ceiling Fans Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.1.2. By Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Sweep Size Market Share Analysis
- 8.2.2. By End-User Market Share Analysis
- 8.2.3. By Sales Channel Market Share Analysis
- 8.2.4. By Country Market Share Analysis
- 8.2.4.1. China Smart Ceiling Fans Market Outlook
- 8.2.4.1.1. Market Size & Forecast
- 8.2.4.1.1.1. By Value
- 8.2.4.1.1.2. By Volume
- 8.2.4.1.2. Market Share & Forecast
- 8.2.4.1.2.1. By Sweep Size Market Share Analysis
- 8.2.4.1.2.2. By End-User Market Share Analysis
- 8.2.4.1.2.3. By Sales Channel Market Share Analysis
- 8.2.4.2. Japan Smart Ceiling Fans Market Outlook
- 8.2.4.2.1. Market Size & Forecast
- 8.2.4.2.1.1. By Value
- 8.2.4.2.1.2. By Volume
- 8.2.4.2.2. Market Share & Forecast
- 8.2.4.2.2.1. By Sweep Size Market Share Analysis
- 8.2.4.2.2.2. By End-User Market Share Analysis
- 8.2.4.2.2.3. By Sales Channel Market Share Analysis
- 8.2.4.3. India Smart Ceiling Fans Market Outlook
- 8.2.4.3.1. Market Size & Forecast
- 8.2.4.3.1.1. By Value
- 8.2.4.3.1.2. By Volume
- 8.2.4.3.2. Market Share & Forecast
- 8.2.4.3.2.1. By Sweep Size Market Share Analysis
- 8.2.4.3.2.2. By End-User Market Share Analysis
- 8.2.4.3.2.3. By Sales Channel Market Share Analysis
- 8.2.4.4. Vietnam Smart Ceiling Fans Market Outlook
- 8.2.4.4.1. Market Size & Forecast
- 8.2.4.4.1.1. By Value
- 8.2.4.4.1.2. By Volume
- 8.2.4.4.2. Market Share & Forecast
- 8.2.4.4.2.1. By Sweep Size Market Share Analysis
- 8.2.4.4.2.2. By End-User Market Share Analysis
- 8.2.4.4.2.3. By Sales Channel Market Share Analysis
- 8.2.4.5. South Korea Smart Ceiling Fans Market Outlook
- 8.2.4.5.1. Market Size & Forecast
- 8.2.4.5.1.1. By Value
- 8.2.4.5.1.2. By Volume
- 8.2.4.5.2. Market Share & Forecast
- 8.2.4.5.2.1. By Sweep Size Market Share Analysis
- 8.2.4.5.2.2. By End-User Market Share Analysis
- 8.2.4.5.2.3. By Sales Channel Market Share Analysis
- 8.2.4.6. Indonesia Smart Ceiling Fans Market Outlook
- 8.2.4.6.1. Market Size & Forecast
- 8.2.4.6.1.1. By Value
- 8.2.4.6.1.2. By Volume
- 8.2.4.6.2. Market Share & Forecast
- 8.2.4.6.2.1. By Sweep Size Market Share Analysis
- 8.2.4.6.2.2. By End-User Market Share Analysis
- 8.2.4.6.2.3. By Sales Channel Market Share Analysis
- 9. Middle East & Africa Smart Ceiling Fans Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.1.2. By Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Sweep Size Market Share Analysis
- 9.2.2. By End-User Market Share Analysis
- 9.2.3. By Sales Channel Market Share Analysis
- 9.2.4. By Country Market Share Analysis
- 9.2.4.1. South Africa Smart Ceiling Fans Market Outlook
- 9.2.4.1.1. Market Size & Forecast
- 9.2.4.1.1.1. By Value
- 9.2.4.1.1.2. By Volume
- 9.2.4.1.2. Market Share & Forecast
- 9.2.4.1.2.1. By Sweep Size Market Share Analysis
- 9.2.4.1.2.2. By End-User Market Share Analysis
- 9.2.4.1.2.3. By Sales Channel Market Share Analysis
- 9.2.4.2. Saudi Arabia Smart Ceiling Fans Market Outlook
- 9.2.4.2.1. Market Size & Forecast
- 9.2.4.2.1.1. By Value
- 9.2.4.2.1.2. By Volume
- 9.2.4.2.2. Market Share & Forecast
- 9.2.4.2.2.1. By Sweep Size Market Share Analysis
- 9.2.4.2.2.2. By End-User Market Share Analysis
- 9.2.4.2.2.3. By Sales Channel Market Share Analysis
- 9.2.4.3. UAE Smart Ceiling Fans Market Outlook
- 9.2.4.3.1. Market Size & Forecast
- 9.2.4.3.1.1. By Value
- 9.2.4.3.1.2. By Volume
- 9.2.4.3.2. Market Share & Forecast
- 9.2.4.3.2.1. By Sweep Size Market Share Analysis
- 9.2.4.3.2.2. By End-User Market Share Analysis
- 9.2.4.3.2.3. By Sales Channel Market Share Analysis
- 9.2.4.4. Turkey Smart Ceiling Fans Market Outlook
- 9.2.4.4.1. Market Size & Forecast
- 9.2.4.4.1.1. By Value
- 9.2.4.4.1.2. By Volume
- 9.2.4.4.2. Market Share & Forecast
- 9.2.4.4.2.1. By Sweep Size Market Share Analysis
- 9.2.4.4.2.2. By End-User Market Share Analysis
- 9.2.4.4.2.3. By Sales Channel Market Share Analysis
- 10. South America Smart Ceiling Fans Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.1.2. By Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Sweep Size Market Share Analysis
- 10.2.2. By End-User Market Share Analysis
- 10.2.3. By Sales Channel Market Share Analysis
- 10.2.4. By Country Market Share Analysis
- 10.2.4.1. Argentina Smart Ceiling Fans Market Outlook
- 10.2.4.1.1. Market Size & Forecast
- 10.2.4.1.1.1. By Value
- 10.2.4.1.1.2. By Volume
- 10.2.4.1.2. Market Share & Forecast
- 10.2.4.1.2.1. By Sweep Size Market Share Analysis
- 10.2.4.1.2.2. By End-User Market Share Analysis
- 10.2.4.1.2.3. By Sales Channel Market Share Analysis
- 10.2.4.2. Colombia Smart Ceiling Fans Market Outlook
- 10.2.4.2.1. Market Size & Forecast
- 10.2.4.2.1.1. By Value
- 10.2.4.2.1.2. By Volume
- 10.2.4.2.2. Market Share & Forecast
- 10.2.4.2.2.1. By Sweep Size Market Share Analysis
- 10.2.4.2.2.2. By End-User Market Share Analysis
- 10.2.4.2.2.3. By Sales Channel Market Share Analysis
- 10.2.4.3. Brazil Smart Ceiling Fans Market Outlook
- 10.2.4.3.1. Market Size & Forecast
- 10.2.4.3.1.1. By Value
- 10.2.4.3.1.2. By Volume
- 10.2.4.3.2. Market Share & Forecast
- 10.2.4.3.2.1. By Sweep Size Market Share Analysis
- 10.2.4.3.2.2. By End-User Market Share Analysis
- 10.2.4.3.2.3. By Sales Channel Market Share Analysis
- 11. Market Dynamics
- 11.1. Drivers
- 11.1.1. Rising preference for convenient residential products
- 11.1.2. Increasing smart features
- 11.1.3. Rising demand of smart home appliance products
- 11.2. Challenges
- 11.2.1. Rising prices
- 11.2.2. Availability of substitute products
- 12. Impact of COVID-19 on Global Smart Ceiling Fans Market
- 12.1. Impact Assessment Model
- 12.1.1. Key Segments Impacted
- 12.1.2. Key Regions Impacted
- 12.1.3. Key Countries Impacted
- 12.1.4. Key Sales Channel Impacted
- 13. Market Trends & Developments
- 13.1. Ceiling fans with LED lights
- 13.2. Multipurpose smart fans
- 13.3. Rising demand from developing countries
- 13.4. Rising demand of decorative and appealing fans
- 14. Porter’s Five Forces Model
- 14.1. Competitive Rivalry
- 14.2. Bargaining Power of Buyer
- 14.3. Bargaining Power of Supplier
- 14.4. Threat of New Entrants
- 14.5. Threat of Substitutes
- 15. SWOT Analysis
- 15.1. Strengths
- 15.2. Weaknesses
- 15.3. Opportunities
- 15.4. Threats
- 16. Import & Export Analysis
- 16.1. Top 5 Import Countries (Ceiling Fans)
- 16.1.1. By Value
- 16.2. Top 5 Export Countries (Ceiling Fans)
- 16.2.1. By Value
- 17. Competitive Landscape
- 17.1. Company Profiles
- 17.1.1. Emerson Electric Co.
- 17.1.1.1. Company Details
- 17.1.1.2. Product & Services
- 17.1.1.3. Financials (As Reported)
- 17.1.1.4. Key Market Focus & Geographical Presence
- 17.1.1.5. Recent Developments
- 17.1.1.6. Key Management Personnel
- 17.1.2. Havells India Ltd.
- 17.1.2.1. Company Details
- 17.1.2.2. Product & Services
- 17.1.2.3. Financials (As Reported)
- 17.1.2.4. Key Market Focus & Geographical Presence
- 17.1.2.5. Recent Developments
- 17.1.2.6. Key Management Personnel
- 17.1.3. LG Electronics, Inc.
- 17.1.3.1. Company Details
- 17.1.3.2. Product & Services
- 17.1.3.3. Financials (As Reported)
- 17.1.3.4. Key Market Focus & Geographical Presence
- 17.1.3.5. Recent Developments
- 17.1.3.6. Key Management Personnel
- 17.1.4. Minka Lighting, Inc.
- 17.1.4.1. Company Details
- 17.1.4.2. Product & Services
- 17.1.4.3. Financials (As Reported)
- 17.1.4.4. Key Market Focus & Geographical Presence
- 17.1.4.5. Recent Developments
- 17.1.4.6. Key Management Personnel
- 17.1.5. Orient Electric Limited
- 17.1.5.1. Company Details
- 17.1.5.2. Product & Services
- 17.1.5.3. Financials (As Reported)
- 17.1.5.4. Key Market Focus & Geographical Presence
- 17.1.5.5. Recent Developments
- 17.1.5.6. Key Management Personnel
- 17.1.6. CG Power and Industrial Solutions Limited
- 17.1.6.1. Company Details
- 17.1.6.2. Product & Services
- 17.1.6.3. Financials (As Reported)
- 17.1.6.4. Key Market Focus & Geographical Presence
- 17.1.6.5. Recent Developments
- 17.1.6.6. Key Management Personnel
- 17.1.7. Ottomate International Private Limited
- 17.1.7.1. Company Details
- 17.1.7.2. Product & Services
- 17.1.7.3. Financials (As Reported)
- 17.1.7.4. Key Market Focus & Geographical Presence
- 17.1.7.5. Recent Developments
- 17.1.7.6. Key Management Personnel
- 17.1.8. Delta T, LLC.
- 17.1.8.1. Company Details
- 17.1.8.2. Product & Services
- 17.1.8.3. Financials (As Reported)
- 17.1.8.4. Key Market Focus & Geographical Presence
- 17.1.8.5. Recent Developments
- 17.1.8.6. Key Management Personnel
- 17.1.9. Hunter Fan Company
- 17.1.9.1. Company Details
- 17.1.9.2. Product & Services
- 17.1.9.3. Financials (As Reported)
- 17.1.9.4. Key Market Focus & Geographical Presence
- 17.1.9.5. Recent Developments
- 17.1.9.6. Key Management Personnel
- 17.1.10. Wangs Alliance Corporation (DBA Modern Forms)
- 17.1.10.1. Company Details
- 17.1.10.2. Product & Services
- 17.1.10.3. Financials (As Reported)
- 17.1.10.4. Key Market Focus & Geographical Presence
- 17.1.10.5. Recent Developments
- 17.1.10.6. Key Management Personnel
- 18. Strategic Recommendations/Action Plan
- 18.1. Key Focus Areas
- 18.2. Target Regions & Countries
- 18.3. Target End User
- 18.4. Target Sales Channel
- 19. About Us & Disclaimer
- (Note: The companies list can be customized based on the client requirements.)
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