• ASIA: +91-20-69018686
  • US: +1-646-491-9876
  • UK: +44-20-8125-4005
  • Toll Free: 1800 121 6455
  • Email : sales[at]theinsightpartners[dot]com

    Ceiling Fans Market is expected to reach US$ 16,172.19 Mn by 2027

    Published Date: 27 Jan 2021

    Increase in Spending on Premium-Quality Decorative Items would Escalate Ceiling Fans Market Growth


    According to our latest market study on “Ceiling Fans Market Forecast to 2027 – COVID-19 Impact and Global Analysis – By Product (Standard and Decorative), Fan Size Industry (Small, Medium, and Large), and End User (Residential, Commercial, and Industrial),” the market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.


    Ceiling fans facilitate air circulation and create a cooling effect by accelerating sweat evaporation and heat exchange through convection. Ceiling fans use considerably less power than air conditioning, and hence they are popular among middle-class populations. In addition to the cost benefits, they feature longer life span than air conditioners. Growing urbanization in emerging economies is promoting the establishment of new residential buildings. In addition, the increased spending on premium products of home décor is further propelling the demand for ceiling fans with new innovative features such as interchangeable blades and lighting fans, and smart fans with features such as voice control and connectivity access to tablets and smartphones. Modern customers tend to spend on durable and attractive appliances. The increasing spending on high-quality home decor in different countries is expected to encourage the use of ceiling fans with added features such as layered light fixtures and interchangeable blades. Moreover, the increasing expenditure on interior decoration as a result of growing awareness regarding different designs for home as well as commercial spaces through robust campaigns on social media platforms, including Facebook, Pinterest, and Instagram, is expected to have a positive impact on the growth of the ceiling fans market. Furthermore, companies are offering creative ceiling fans such as rustic ceiling fans, contemporary ceiling fans, black ceiling fans, fancy ceiling fans to improve the internal appeal of households. In urban areas, they are selling custom-made ceiling fans with 3 and 4 blades. Growing customer tendency of renovating their homes after a certain period propels the demand for various decorative ceiling fans. Globalization has led to a broader consumer market, which encourages easier product selection of a wide range of goods across multiple distribution networks.

    Big Ass Fans, Kichler Lighting LLC, Minka Lighting Inc., Luminance Brands, Crompton Greaves Consumer Electricals Limited, Havells India Ltd., Hunter Fan Company, Westinghouse Electric Corporation, Fantasia Ceiling Fans, and Panasonic Corporation are among the well-established players in the global ceiling fans market.


    Impact of COVID-19 Pandemic on Ceiling Fans Market

    As of December 2020, the US, Brazil, India, Russia, Spain, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths caused by COVID-19. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. China, is a manufacturing hub and the largest raw material supplier for various industries, is also one of the countries that experienced early effects of this pandemic. The lockdown of various plants and factories in China affected the global supply chains and disrupted manufacturing and delivery schedules, and sales of various materials. Different companies have already made announcements regarding possible delays in product deliveries and slump in future sales of their products. In addition, travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships. These factors are limiting the growth of several industries, including the consumer electronics industry.  


    Ceiling Fans Market Breakdown – by Region, 2019

    Ceiling Fans Market Breakdown – by Region, 2019

    Report : Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Standard and Decorative), Fan Size Industry (Small, Medium, and Large), End User (Residential, Commercial, and Industrial), and Geography


    The report includes the segmentation of the global ceiling fans market as follows:


    Ceiling Fans Market, by Product
    • Standard
    • Decorative
    Ceiling Fans Market, by Fan size industry
    • Small
    • Medium
    • Large
    Ceiling Fans Market, by End User
    • Residential
    • Commercial
    • Industrial
    Ceiling Fans Market, by Geography
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Rest of Europe
    • Asia Pacific (APAC)
      • Australia
      • China
      • India
      • Japan
      • South Korea
      • Rest of APAC
    • Middle East and Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America
      • Brazil
      • Argentina
      • Rest of South America

    Contact Us
    Contact Person: Sameer Joshi 
    Phone: +1-646-491-9876
    Email Id: sales@theinsightpartners.com

    Download Free PDF Brochure