Global Ceiling Fans Market Outlook, Opportunities And Strategies – Includes Ceiling Fans Market Size
Learn about the global ceiling fans market through The Business Research Company, which provides information on ceiling fans market size, ceiling fans market drivers and restraints, ceiling fans market players, the COVID-19 impact on the ceiling fans market, and more.
The global ceiling fans market size is expected to grow from $8.80 billion in 2021 to $9.57 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The global ceiling fan market size is expected to grow to $11.82 billion in 2026 at a CAGR of 5.4%.
The increasing growth of the construction industry is significantly contributing to the growth of the ceiling fans market.
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The ceiling fans market consists of sales of ceiling fans by entities (organizations, sole traders, and partnerships) that are used to evenly distribute and circulate the air that’s in the room and to improve the décor of the rooms. A ceiling fan is a device suspended from the ceiling of a room, with hub-mounted rotating blades that circulate the air, thereby producing a cooling effect. They have a better shelf-life, low power consumption, and are cost-effective.
Global ceiling fans market segments include:
By Type: Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan, Others
By End-Use: Residential, Commercial
By Distribution: Offline, Online
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the ceiling fans market in 2021
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.
Major Market Players: 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, and Havells India Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Ceiling Fans Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides ceiling fans market overviews, analyzes and forecasts market size, share, ceiling fans market players, ceiling fans market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s ceiling fans market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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