The latest report by IMARC Group, titled “India Ceiling Fan Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the India ceiling fan market is expected to exhibit a CAGR for 2.60% during 2022-2027. A ceiling fan is a mechanical system that is electronically powered and suspended from a ceiling to circulate air. It consists of an electric rotor that spins the blades connected to the main circular body. It is mounted with the help of a hook from the beam of the building. It creates a cooling effect by evaporating the sweat level and causing heat exchange by convection. Nowadays, it is available in standard, low profile, dual motor, and remote-control variants. It is generally used during humid summer days to keep the house dry. In India, ceiling fan is increasingly preferred by consumers due to its cost-effectiveness, high efficiency, better shelf-life, and low power consumption over air-conditioners.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Ceiling Fan Market Trends:
The market is primarily driven by rapid urbanization and significant growth of the construction industry in the new residential buildings. Besides this, the Government of India is taking several initiatives to invest in an increasing number of construction projects and develop smart cities, which is facilitating the demand for ceiling fans across the country. Furthermore, consumers are increasingly spending on the premium quality home décor, thus accelerating the overall product sales. Besides this, manufacturers are introducing technologically advanced smart fans that offer voice control features and connectivity access to phones and tablets. They are also incorporating additional features such as layered lighting fixtures and interchangeable blades, which is expanding their consumer base. Moreover, significant expansion in the retail and hospitality sectors, along with the easy availability of product variants through online retail channels, is creating a positive outlook for the market.
- Based on the product type, the market has been segmented into standard, decorative, high speed, energy saving, and other fans.
- On the basis of the fan size, the market has been classified into small, medium, and large.
- The market has been categorized based on the distribution channel into offline and online channels
- On the basis of the end use, the market has been segregated into residential, commercial, and industrial.
- Region-wise, the market has been divided into North India, West and Central India, South India, and East India.
- The competitive landscape of the market has been examined in the report, with the detailed profiles of the key players operative in the industry.
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