DUBLIN--(BUSINESS WIRE )--The "Ceiling Fan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global ceiling fan market reached a value of US$ 10.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 12.9 Billion by 2027, exhibiting a CAGR of 4.34% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Ceiling fans refer to electrically powered mechanical devices that are suspended from the ceiling of a room to circulate air. They induce evaporative cooling and slow movement into the still, thereby cooling the hot air in the room effectively. Ceiling fans have hub-mounted rotating paddles which move much slower when compared with electric desk fans. They are highly preferred by consumers due to their advantageous properties over air-conditioners like high energy-efficiency, better shelf-life, low power consumption and cost-effectiveness.
Growth in the housing sector is boosting the demand for ceiling fans, especially in the developing economies. For instance, the governments of China and India are coming up with new schemes to provide shelter to the low- and middle-income groups. In addition to this, development in the commercial real estate, hospitality and retail sectors are bolstering the market growth.
The demand for ceiling fans has been rapidly increasing due to rising income levels of the consumers and increasing availability of electricity. Moreover, manufacturers are introducing premium products such as lighting fans, decorative fans, etc. which offer higher margins, thereby increasing their profitability.
The governments of various emerging countries have set up the goal of providing electricity to the remote rural areas which is expected to influence the demand for ceiling fans in the upcoming future. For instance, India has aimed to supply electricity to more than a million households.
Key Questions Answered in This Report
1. What will be the ceiling fan market outlook during the forecast period (2022-2027)?
2. What are the global ceiling fan market drivers?
3. What are the major trends in the global ceiling fan market?
4. What is the impact of COVID-19 on the global ceiling fan market?
5. What was the global ceiling fan market size in 2021?
6. What is the global ceiling fan market breakup by end-use?
7. What is the global ceiling fan market breakup by type?
8. What is the global ceiling fan market breakup by fan size?
9. What is the global ceiling fan market breakup by distribution channel?
10. What are the major regions in the global ceiling fan market?
11. Who are the leading ceiling fan manufacturers?
5.7 Market Breakup by Product Type
5.8 Market Breakup by Fan Size
5.9 Market Breakup by Distribution Channel
5.14 Key Market Drivers and Success Factors
8 Market Breakup by Product Type
9 Market Breakup by Fan Size
10 Market Breakup by Distribution Channel
11.4 Mass Balance and Feedstock Conversion Rate
12 Project Details, Requirements and Costs Involved
12.4 Raw Material Requirements and Expenditures
14.1 Capital Cost of the Project
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
For more information about this report visit https://www.researchandmarkets.com/r/zc35eq
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900