Global $10+ Billion Ceiling Fans Markets Analysis & Forecasts, 2017-2022, 2022-2027F, 2032F

DUBLIN, July 11, 2023 /PRNewswire/ -- The "Ceiling Fans Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global ceiling fans market grew from $9.48 billion in 2022 to $10.09 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%.

The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The ceiling fans market is expected to grow to $11.61 billion in 2027 at a CAGR of 3.6%.

The ceiling fan market consists of sales of standard ceiling fans, low-profile ceiling fans, dual-motor ceiling fans, smart ceiling fans, and outdoor ceiling fans. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Asia-Pacific was the largest region in the ceiling fans market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ceiling fans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increasing growth of the construction industry is significantly contributing to the growth of the ceiling fans market. Construction is the process of building, altering, repairing, remodeling, improving, or demolishing any structure. Ceiling fans are helpful in the construction industry by introducing premium products such as decorative fans, and lighting fans, which offer higher margins, thereby increasing their profitability. For instance, according to the United States Construction Databook Series, the U.S. construction industry is expected to increase by more than 15% in 2021. Also, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in December 2021, there were 1,873,000 building permits granted while the number of housing completions stood at 1,295,000. Therefore, the increasing growth of the construction industry is driving the growth of the ceiling fans market.

The introduction of air-purifying ceiling fans has emerged as a key trend gaining popularity in the ceiling fans market. Companies operating in ceiling fans are introducing innovative products to meet consumer demand and strengthen their position. For instance, in March 2022, Havells India Limited, an Indian electrical equipment company, launched a Stealth Puro Air, India's first air purifying ceiling fan with a three-stage air purifier that filters PM2.5 and PM10 pollution, as well as Volatile organic compounds (VOCs). It offers a Clean Air Delivery Rate (CADR) of 130 cubic meters per hour. Stealth Puro Air is designed to promote a healthy lifestyle while also providing excellent comfort and well-being in the fast-paced lives of consumers.

The countries covered in the ceiling fans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Key Topics Covered:

Executive Summary

Ceiling Fans Market Characteristics

Ceiling Fans Market Trends And Strategies

Ceiling Fans Market - Macro Economic Scenario

• COVID-19 Impact On Ceiling Fans Market
• Ukraine-Russia War Impact On Ceiling Fans Market
• Impact Of High Inflation On Ceiling Fans Market

Ceiling Fans Market Size And Growth

• Global Ceiling Fans Historic Market, 2017-2022, $ Billion
• Global Ceiling Fans Forecast Market, 2022-2027F, 2032F, $ Billion

Ceiling Fans Market Segmentation

• Global Ceiling Fans Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Standard Fan
• Decorative Fan
• High Speed Fan
• Energy Saving Fan
• Other Types

Global Ceiling Fans Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Residential
• Commercial

Global Ceiling Fans Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Offline
• Online

Ceiling Fans Market Regional And Country Analysis

• Global Ceiling Fans Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
• Global Ceiling Fans Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Ceiling Fans Market Competitive Landscape And Company Profiles

• Ceiling Fans Market Competitive Landscape
• Ceiling Fans Market Company Profiles

Key Mergers And Acquisitions In The Ceiling Fans Market

Ceiling Fans Market Future Outlook and Potential Analysis

Companies Mentioned:

• Emerson Electric Co.
• Del Mar Fans & Lighting
• Crompton Greaves Consumer Electricals Limited
• Shell Electric Mfg. (China) Co. Ltd.
• Broan-NuTone LLC
• Minka Group
• Ajanta Electricals
• Big Ass Fans
• Casablanca
• The Henley Fan Company Ltd
• Monte Carlo
• Mega Home Appliances
• Havells India Ltd

For more information about this report visit https://www.researchandmarkets.com/r/j5c53h

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