Ceiling Fan Market 2020 | Global Industry Trends, Size, COVID-19 Impact Analysis,Share, Growth, Demand and Opportunities

Ceiling Fan Market 2020 | Global Industry Trends, Size, COVID-19 Impact Analysis,Share, Growth, Demand and Opportunities

“global ceiling fan market size was worth US$ 9,616 Million in 2019”
According to the IMARC Group, the global ceiling fan market size was worth US$ 9,616 Million in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.

Ceiling fans are electrically powered mechanical devices that are suspended from the ceiling of a room. They use hub-mounted rotating paddles to circulate air, and the slow movement of these paddles induces evaporative cooling, which aids in hot weather. Ceiling fans find vast applications across the globe as they are energy-efficient, cost-effective and require less power than air conditioners.

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Global Ceiling Fan Market Trends

Rapid urbanization and increasing construction activities are resulting in the increasing establishment of residential buildings, especially in emerging economies, which in turn is driving the ceiling fan market in these regions. Moreover, governments of several countries are focusing on providing electricity in rural areas, which is boosting the overall sales of ceiling fans across the globe. Besides this, manufacturers operating in the industry are introducing various advanced and unique features, such as voice control, connectivity with smartphones and interchangeable blades, which is anticipated to impel the market growth in the coming years.

Some of the major players operating in the industry include Emerson Electric Co. (NYSE: EMR), Hunter Fan, CG Power and Industrial Solutions Ltd (NSE: CGPOWER), Shell Electric MFG Co. Ltd. (HKG: 0081), and NuTone.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Global Ceiling Fan Market Segmentation

Performance of Key Regions

  1. China
  2. India
  3. European Union
  4. United States
  5. Brazil
  6. Others

Market Breakup by End-use

  1. Residential
  2. Commercial

Market Breakup by Type

  1. Standard Fan
  2. Decorative Fan
  3. High Speed Fan
  4. Energy Saving Fan
  5. Others

Market Breakup by Fan Size

  1. Small
  2. Medium
  3. Large

Market Breakup by Distribution Channel

  1. Offline
  2. Online

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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