Asia Pacific Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Standard and Decorative), Fan Size (Small, Medium, and Large), and End-User (Residential, Commercial, and Industrial)

Publication Month: May 2021 | Report Code: TIPRE00022089 | No. of Pages: 100 | Category: Electronics and Semiconductor | Status: Published

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The ceiling fans market in APAC is expected to grow from US$ 4,352.58 million in 2019 to US$ 7,099.59 million by 2027; it is estimated to grow at a CAGR of 6.4% from 2020 to 2027.

France, Australia, China, India, Japan, and South Korea are major economies in APAC. Rising urbanization in developing countries is the major factor driving the APAC ceiling fans market. Urbanization in emerging and developing countries such as China and India are projected to play a crucial role in fostering the development of new residential buildings. For instance, new schemes to provide shelter to low- and middle-income groups are being introduced by the governments of China and India. Moreover, over the last few years, private and public sector banks in these countries have offered lower interest rates and low-down payment for home loans. As a result, buyers are steadily spending on buying new apartments and stand-alone homes and this trend of buying new apartments or houses is expected to stimulate the use of ceiling fans over the next few years. Governments of various countries are implementing schemes to provide electricity to rural households. For instance, in 2018, India's Government started an initiative to provide electricity to 100% of households. Further, the Chinese government began offering shelter to low-and middle-income groups in 2018. These progressive policies are expected to play a key role in growing the business reach of rural households over the next few years. Furthermore, increased infrastructure initiatives by governing bodies in developing countries are raising the market for ceiling fans in residential and commercial areas. With rising urbanization, these infrastructure development activities will bolster demand in the coming years.  

 

Because of a massive rising number of cases the APAC region is greatly affected by COVID-19. The region also homes the largest population across the world, thereby imposing greater risk of many individuals; it is also a world leader of many brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as India, Australia and Japan, and the region is thus experiencing a downward inflation. The sudden closedown of all economic activities which includes manufacturing plants of both essential products and luxurious items has impacted the overall economy of the countries in the region. China being the manufacturing hub of the world has many major players and distributers located in the country. The temporary shutdown of supply chain to manufacturers of the ceiling fans is expected to negatively impact the market. Additionally, the reduction in demand from commercial sector has been observed across countries like India. This decrease in demand, combined with slow recovery, would have a negative effect on the ceiling fans market across the region owing to the pandemic.   

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC ceiling fans market. The Asia Pacific ceiling fans market is expected to grow at a good CAGR during the forecast period

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APAC Ceiling Fans Market Segmentation

APAC Ceiling Fans Market – By Product

  • Standard
  • Decorative

APAC Ceiling Fans Market – By Fan Size

  • Small
  • Medium
  • Large

APAC Ceiling Fans Market – By End-User

  • Residential
  • Commercial
  • Industrial

APAC Ceiling Fans Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC   

APAC Ceiling Fans Market - Companies Mentioned

  • Big Ass Fans
  • Crompton Greaves Consumer Electricals Limited
  • Fantasia Ceiling Fans
  • Havells India Ltd.
  • Hunter Fan Company
  • Minka Lighting Inc.
  • Panasonic Corporation
  • Westinghouse Electric Corporation

TABLE OF CONTENTS

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Scope of the Study

3.2       Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.             APAC Ceiling Fans Market Landscape

4.1       Market Overview

4.2       APAC PEST Analysis

4.2.1        APAC PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             APAC Ceiling Fans Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Spending for Highly Developed Consumer Durables on Rise

5.1.2        Increase in the Amount Spent on High-End Decorative Items

5.2       Market Restraint

5.2.1        Substitute Products Available

5.3       Market Opportunities

5.3.1        Rising Urbanization in Developing Countries

5.4       Market Trends

5.4.1        Surging Demand for Energy Saving Fans

5.5       Impact Analysis of Drivers and Restraints

6.             Ceiling Fans Market – APAC Analysis

6.1       APAC Ceiling Fans Market Overview

6.2       APAC Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

7.             APAC Ceiling Fans Market Analysis – By Product

7.1       Overview

7.2       APAC Ceiling Fans Market, By Product (2019 and 2027)

7.3       Standard

7.3.1        Overview

7.3.1.1      Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

7.4       Decorative

7.4.1        Overview

7.4.1.1      Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

8.             APAC Ceiling Fans Market Analysis – By Fan Size

8.1       Overview

8.2       APAC Ceiling Fans Market, By Fan Size (2019 and 2027)

8.3       Small

8.3.1        Overview

8.3.1.1      Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

8.4       Medium

8.4.1        Overview

8.4.1.1      Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

8.5       Large

8.5.1        Overview

8.5.1.1      Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

9.             APAC Ceiling Fans Market Analysis – By End- User

9.1       Overview

9.2       APAC Ceiling Fans Market, By End- User (2019 and 2027)

9.3       Residential

9.3.1        Overview

9.3.1.1      Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

9.4       Commercial

9.4.1        Overview

9.4.1.1      Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

9.5       Industrial

9.5.1        Overview

9.5.1.1      Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

10.          APAC Ceiling Fans Market – Country Analysis

10.1    Overview

10.1.1     APAC: Ceiling Fans Market, by Key Country

10.1.1.1    Australia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1    Australia: Ceiling Fans Market, by Product

10.1.1.1.2    Australia: Ceiling Fans Market, by Fan Size

10.1.1.1.3    Australia: Ceiling Fans Market, by End-User

10.1.1.2    China: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1    China: Ceiling Fans Market, by Product

10.1.1.2.2    China: Ceiling Fans Market, by Fan Size

10.1.1.2.3    China: Ceiling Fans Market, by End-Use

10.1.1.3    India: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1    India: Ceiling Fans Market, by Product

10.1.1.3.2    India: Ceiling Fans Market, by Fan Size

10.1.1.3.3    India: Ceiling Fans Market, by End-User

10.1.1.4    Japan: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.4.1    Japan: Ceiling Fans Market, by Product

10.1.1.4.2    Japan: Ceiling Fans Market, by Fan Size

10.1.1.4.3    Japan: Ceiling Fans Market, by End-User

10.1.1.5    South Korea: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.5.1    South Korea: Ceiling Fans Market, by Product

10.1.1.5.2    South Korea: Ceiling Fans Market, by Fan Size

10.1.1.5.3    South Korea: Ceiling Fans Market, by End-User

10.1.1.6    Rest of APAC: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

10.1.1.6.1    Rest of APAC: Ceiling Fans Market, by Product

10.1.1.6.2    Rest of APAC: Ceiling Fans Market, by Fan Size

10.1.1.6.3    Rest of APAC: Ceiling Fans Market, by End-User

11.          Impact of COVID-19 Pandemic on APAC Ceiling Fans Market

11.1    APAC: Impact Assessment of COVID-19 Pandemic

12.          Industry Landscape

12.1    Merger and Acquisition

12.2    New Development

13.          Company Profiles

13.1    Big Ass Fans

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Minka Lighting Inc.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.3    Crompton Greaves Consumer Electricals Limited

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.4    Havells India Ltd.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    Hunter Fan Company

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    Westinghouse Electric Corporation

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.7    Fantasia Ceiling Fans

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.8    Panasonic Corporation

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products And Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

14.          Appendix

14.1    About The Insight Partners

14.2    Word Index

LIST OF TABLES

Table 1.             APAC Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.             Australia Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)

Table 3.             Australia Ceiling Fans Market, by Fan Size– Revenue and Forecast to 2027 (USD Million)

Table 4.             Australia Ceiling Fans Market, by End-User– Revenue and Forecast to 2027 (USD Million)

Table 5.             China Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)

Table 6.             China Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)

Table 7.             China Ceiling Fans Market, by End-Use – Revenue and Forecast to 2027 (USD Million)

Table 8.             India Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)

Table 9.             India Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)

Table 10.          India Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)

Table 11.          Japan Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)

Table 12.          Japan Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)

Table 13.          Japan Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)

Table 14.          South Korea Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)

Table 15.          South Korea Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)

Table 16.          South Korea Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)

Table 17.          Rest of APAC Ceiling Fans Market, by Product– Revenue and Forecast to 2027 (USD Million)

Table 18.          Rest of APAC Ceiling Fans Market, by Fan Size – Revenue and Forecast to 2027 (USD Million)

Table 19.          Rest of APAC Ceiling Fans Market, by End-User – Revenue and Forecast to 2027 (USD Million)

Table 20.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Ceiling Fans Market Segmentation

Figure 2.           APAC Ceiling Fans Market Segmentation – By Country

Figure 3.           APAC Ceiling Fans Market Overview

Figure 4.           Residential Segment Held Largest Share of APAC Ceiling Fans Market

Figure 5.           China Held Largest Share of APAC Ceiling Fans Market

Figure 6.           Ecosystem Analysis

Figure 7.           APAC Ceiling Fans Market Impact Analysis of Driver and Restraints

Figure 8.           APAC: Ceiling Fans Market – Revenue and Forecast to 2027 (US$ Million)

Figure 9.           APAC Ceiling Fans Market Revenue Share, by Product (2019 and 2027)

Figure 10.        APAC Standard: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 11.        APAC Decorative: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 12.        APAC Ceiling Fans Market Revenue Share, by Fan Size (2019 and 2027)

Figure 13.        APAC Small: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 14.        APAC Medium: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        APAC Large: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        APAC Ceiling Fans Market Revenue Share, by End- User (2019 and 2027)

Figure 17.        APAC Residential: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        APAC Commercial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        APAC Industrial: Ceiling Fans Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        APAC: Ceiling Fans Market, by Key Country- Revenue 2019 (US$ Million)

Figure 21.        APAC: Ceiling Fans Market Revenue Share, by Key Country (2019 and 2027)

Figure 22.        Australia: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.        China: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.        India: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Japan: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.        South Korea: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Rest of APAC: Ceiling Fans Market –Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Impact of COVID-19 Pandemic in APAC Country Markets

The List of Companies - Asia Pacific Ceiling Fans Market

  1. Big Ass Fans
  2. Crompton Greaves Consumer Electricals Limited
  3. Fantasia Ceiling Fans
  4. Havells India Ltd.
  5. Hunter Fan Company
  6. Minka Lighting Inc.
  7. Panasonic Corporation
  8. Westinghouse Electric Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC ceiling fans market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC ceiling fans market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the ceiling fans market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00022089
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