India Ceiling Fan Market Report by Product Type (Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan, and Others), Fan Size (Small, Medium, Large), Distribution Channel (Offline, Online) End Use (Residential, Commercial, Industrial), and Region 2023-2028
The India ceiling fan market size reached 41.2 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 47.5 Million Units by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
Ceiling fans are electronically powered mechanical devices that are mounted on the roof of enclosed spaces. They consist of rotating paddles that move in a clockwise direction to circulate the still air in an enclosed space, which produces a cooling or destratification effect. As compared to air conditioners and coolers, a ceiling fan is more cost-effective, energy-efficient, and have a longer shelf-life. On account of this, they are extensively utilized across both residential and commercial areas.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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India Ceiling Fan Market Trends:
The India ceiling fan market is majorly being driven by rapid urbanization and the increasing construction of new residential buildings. This is further supported by several initiatives undertaken by the Government of India (GoI) to expand housing projects and develop smart cities across the country. In line with this, the improving availability of electricity, especially in the rural areas, is further catalyzing the market growth. Additionally, the inflating disposable incomes are creating a significant demand for fans with aesthetically appealing designs and smart features, such as voice control and remote connectivity through smart devices, which is accelerating the overall product sales. Other factors responsible for the market growth include significant expansion in the retail and hospitality sectors, along with the easy availability of premium product variants, like lighting fans, through online retail channels.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India ceiling fan market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, fan size, distribution channel and end use.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Standard Fan
Decorative Fan
High Speed Fan
Energy Saving Fan
Others
Breakup by Fan Size:
Small
Medium
Large
Breakup by Distribution Channel:
Offline
Online
Breakup by End Use:
Residential
Commercial
Industrial
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
Million Units
Segment Coverage
Product Type, Fan Size, Distribution Channel, End Use, Region
Region Covered
North India, West and Central India, South India, East India
Customization Scope
10% Free Customization
Report Price and Purchase Option
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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The India ceiling fan market reached a volume of 41.2 Million Units in 2022.
We expect the India ceiling fan market to exhibit a CAGR of 2.3% during 2023-2028.
The increasing adoption of ceiling fans, as they are more cost-effective and energy-efficient than air conditioners and coolers, is primarily driving the India ceiling fan market.
The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer preferences from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of ceiling fans across the nation.
Based on the product type, the India ceiling fan market has been divided into standard fan, decorative fan, high speed fan, energy saving fan, and others. Among these, standard fan currently exhibits a clear dominance in the market.
Based on the fan size, the India ceiling fan market can be categorized into small, medium, and large. Currently, medium holds the largest market share.
Based on the distribution channel, the India ceiling fan market has been segmented into offline and online, where offline currently exhibits clear dominance in the market.
Based on the end use, the India ceiling fan market can be bifurcated into residential, commercial, and industrial. Currently, the residential sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India ceiling fan market.
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