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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Fan Size, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
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
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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