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
- European Union
- United States
Market Breakup by End-use
Market Breakup by Type
- Standard Fan
- Decorative Fan
- High Speed Fan
- Energy Saving Fan
Market Breakup by Fan Size
Market Breakup by Distribution Channel
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