Worldwide Ceiling Fans Industry to 2027 - Surging Consumer Demand for Technologically Advanced Consumer Durables is Driving Growth

(MENAFN- PR Newswire) DUBLIN, April 1, 2021 /PRNewswire/ -- The "Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product, Fan Size Industry, End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

According to this report the global ceiling fans market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.Ceiling fans facilitate air circulation and create a cooling effect by accelerating sweat evaporation and heat exchange through convection. Ceiling fans use considerably less power than air conditioning, and hence they are popular among middle-class populations. In addition to the cost benefits, they feature longer life span than air conditioners. Growing urbanization in emerging economies is promoting the establishment of new residential buildings. In addition, the increased spending on premium products of home decor is further propelling the demand for ceiling fans with new innovative features such as interchangeable blades and lighting fans, and smart fans with features such as voice control and connectivity access to tablets and smartphones. Modern customers tend to spend on durable and attractive appliances.

The increasing spending on high-quality home decor in different countries is expected to encourage the use of ceiling fans with added features such as layered light fixtures and interchangeable blades. Moreover, the increasing expenditure on interior decoration as a result of growing awareness regarding different designs for home as well as commercial spaces through robust campaigns on social media platforms, including Facebook, Pinterest, and Instagram, is expected to have a positive impact on the growth of the ceiling fans market.

Furthermore, companies are offering creative ceiling fans such as rustic ceiling fans, contemporary ceiling fans, black ceiling fans, fancy ceiling fans to improve the internal appeal of households. In urban areas, they are selling custom-made ceiling fans with 3 and 4 blades. Growing customer tendency of renovating their homes after a certain period propels the demand for various decorative ceiling fans. Globalization has led to a broader consumer market, which encourages easier product selection of a wide range of goods across multiple distribution networks.Big Ass Fans, Kichler Lighting LLC, Minka Lighting Inc., Luminance Brands, Crompton Greaves Consumer Electricals Limited, Havells India Ltd., Hunter Fan Company, Westinghouse Electric Corporation, Fantasia Ceiling Fans, and Panasonic Corporation are among the well-established players in the global ceiling fans market. Impact of COVID-19 Pandemic on Ceiling Fans Market As of December 2020, the US, Brazil, India, Russia, Spain, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths caused by COVID-19. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. China, is a manufacturing hub and the largest raw material supplier for various industries, is also one of the countries that experienced early effects of this pandemic. The lockdown of various plants and factories in China affected the global supply chains and disrupted manufacturing and delivery schedules, and sales of various materials. Different companies have already made announcements regarding possible delays in product deliveries and slump in future sales of their products. In addition, travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships. These factors are limiting the growth of several industries, including the consumer electronics industry. Reasons to Buy

• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global Ceiling Fans market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Key Topics Covered: 1. Introduction 1.1 Study Scope1.2 Research Report Guidance1.3 Market Segmentation 2. Key Takeaways 3. Research Methodology 3.1 Scope of the Study3.2 Research Methodology3.2.1 Data Collection:3.2.2 Primary Interviews:3.2.3 Hypothesis formulation:3.2.4 Macro-economic factor analysis:3.2.5 Developing base number:3.2.6 Data Triangulation:3.2.7 Country level data: 4. Ceiling Fan Market Landscape 4.1 Market Overview4.2 PEST Analysis4.2.1 North America4.2.2 Europe4.2.3 APAC4.2.4 MEA4.2.5 SAM4.3 Ecosystem Analysis4.4 Expert Opinion 5. Ceiling Fan Market - Key Market Dynamics 5.1 Market Drivers5.1.1 Surging Consumer Demand For Technologically Advanced Consumer Durables5.1.2 Increase in spending on the premium quality decorative item5.2 Market Restraint5.2.1 Availability of substitute products5.3 Market Opportunities5.3.1 Increasing Urbanization in developing countries5.4 Market Trends5.4.1 Growing Demand For Energy Saving Fans5.5 Impact Analysis Of Drivers And Restraints 6. Ceiling Fan - Global Market Analysis 6.1 Ceiling Fan Market Overview6.2 Ceiling Fan Market -Revenue and Forecast to 2027 (US$ Million)6.3 Market Positioning - Key Market Players 7. Ceilings Fans Market Analysis - By Product 7.1 Overview7.2 Ceilings fans Market, By Product (2019 and 2027)7.3 Standard7.3.1 Overview7.3.1.1 Standard : Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million)7.4 Decorative7.4.1 Overview7.4.1.1 Decorative : Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million) 8. Ceilings fans Market Analysis - By Fan Size 8.1 Overview8.2 Ceilings fans Market, By Fan Size (2019 and 2027)8.3 Small8.3.1 Overview8.3.1.1 Small : Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million)8.4 Medium8.4.1 Overview8.4.1.1 Medium: Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million)8.5 Large8.5.1 Overview8.5.1.1 Large: Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million) 9. Ceilings fans Market Analysis - By End- User 9.1 Overview9.2 Ceilings fans Market, By End- User (2019 and 2027)9.3 Residential9.3.1 Overview9.3.1.1 Residential: Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million)9.4 Commercial9.4.1 Overview9.4.1.1 Commercial: Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million)9.5 Industrial9.5.1 Overview9.5.1.1 Industrial: Ceilings fans Market - Revenue, and Forecast to 2027 (US$ Million) 10. Ceiling Fan Market - Geographic Analysis 10.1 Overview10.2 North America: Ceiling Fan Market10.3 Europe: Ceiling Fan Market10.4 Asia Pacific: Ceiling Fan Market10.5 Middle East and Africa: Ceiling Fan Market10.6 South America: Ceiling Fan Market

11. Impact of COVID-19 Pandemic on Global Ceiling Fans Market 11.1 Overview11.2 North America: Impact Assessment of COVID-19 Pandemic11.3 Europe: Impact Assessment of COVID-19 Pandemic11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic11.6 South America: Impact Assessment of COVID-19 Pandemic 12. Industry Landscape 12.1 Merger and Acquisition12.2 New Development 13. Company Profiles 13.1 Big Ass Fans13.1.1 Key Facts13.1.2 Business Description13.1.3 Products and Services13.1.4 Financial Overview13.1.5 SWOT Analysis13.1.6 Key Developments13.2 Kichler Lighting LLC13.2.1 Key Facts13.2.2 Business Description13.2.3 Products and Services13.2.4 Financial Overview13.2.5 SWOT Analysis13.2.6 Key Developments13.3 Minka Lighting Inc.13.3.1 Key Facts13.3.2 Business Description13.3.3 Products and Services13.3.4 Financial Overview13.3.5 SWOT Analysis13.4 Luminance Brands13.4.1 Key Facts13.4.2 Business Description13.4.3 Products and Services13.4.4 Financial Overview13.4.5 SWOT Analysis13.4.6 Key Developments13.5 Crompton Greaves Consumer Electricals Limited13.5.1 Key Facts13.5.2 Business Description13.5.3 Products and Services13.5.4 Financial Overview13.5.5 SWOT Analysis13.6 Havells India Ltd.13.6.1 Key Facts13.6.2 Business Description13.6.3 Products and Services13.6.4 Financial Overview13.6.5 SWOT Analysis13.6.6 Key Developments13.7 Hunter Fan Company13.7.1 Key Facts13.7.2 Business Description13.7.3 Products and Services13.7.4 Financial Overview13.7.5 SWOT Analysis13.7.6 Key Developments13.8 Westinghouse Electric Corporation13.8.1 Key Facts13.8.2 Business Description13.8.3 Products and Services13.8.4 Financial Overview13.8.5 SWOT Analysis13.9 Fantasia Ceiling Fans13.9.1 Key Facts13.9.2 Business Description13.9.3 Products and Services13.9.4 Financial Overview13.9.5 SWOT Analysis13.10 Panasonic Corporation13.10.1 Key Facts13.10.2 Business Description13.10.3 Products And Services13.10.4 Financial Overview13.10.5 SWOT Analysis 14. Appendix 14.1 About the Publisher14.2 Word IndexFor more information about this report visit

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