The North America ceiling fan market reached a volume of 32.4 Million Units in 2019. Ceiling fan refers to a type of electricity-driven, mechanical fan which circulates air by hub-mounted rotating paddles, suspended from the ceiling. The fan has slower speed in comparison to the still electric desk fan but is effective as it induces evaporative cooling by introducing slow movement into the still, hot air of a room. It is generally made up of cast iron, cast aluminum or stamped steel. Ceiling fans are energy efficient with long shelf life as well as economical, unlike air conditioners. Convenient portability of the ceiling fan makes its installation feasible for both the residential and the commercial sectors.
North America represents one of the leading markets for ceiling fans owning to increasing population and new technological innovations taking place within the region. Being a cold region, majority of population in North America uses ceiling fans during winter for ventilation purposes. In addition to this, several decorative and lightening fixtures employ ceiling fans. Rising demand for premium products and easy availability of the product is expected to boost the growth of ceiling fan market in the upcoming years. Looking forward, IMARC Group expects the ceiling fans market in the region to reach a volume of 34.8 Million Units by 2025, registering a CAGR of around 1% during 2020-2025.
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