Ceiling Fan Market Will Generate Record Revenue by 2031

Global ceiling fan market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The growing convenience to operate, automation, and enhanced functionality along with growing availability of energy efficient ceiling fans is a key factor driving the global market growth. Remote control of fans using smartphones, tablets, or voice assistants eliminates the need for manual adjustments, especially in hard-to-reach locations or high ceilings. Smart fans can also be programmed to work with other smart home devices, allowing automatic adjustments based on real-time conditions. The trend towards smart home technology aligns with this trend, making ceiling fans a more attractive and versatile option for consumers.

In June 2023, the US Department of Energy (DOE) introduced a proposed rulemaking for new and amended standards for ceiling fans, focusing on energy efficiency. The proposal suggests that standard and hugger ceiling fans with a blade span exceeding 53 inches will likely need to incorporate DC motors to meet the proposed standards. The presence of such regulation further promotes the usage of energy efficient ceiling fans.

Therefore, key ceiling fan manufacturers are introducing new fans with high energy efficiency features. For instance, in September 2023, Hunter International GmbH introduced its TrueLight technology, featured in products that produce and emit a radiant, evenly dispersed glow achieved through enhanced brightness, efficiency, and coverage. This technology is incorporated into seven collections of indoor Hunter ceiling fans with lights.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By Product
By Application
By Size
By Distribution Channel

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- includes Emerson Electric Corp., NuTone Inc., Crompton, Honeywell International Inc., and Hunter Fan Company among others.

 Ceiling Fan Market Report Segment

By Type

Indoor
Outdoor

By Product

Standard
Decorative

By Application

Residential
Commercial

By Size

Small
Medium
Large

By Distribution Channel

Online
Offline

A full Report of Ceiling Fan Market is Available @  https://www.omrglobal.com/industry-reports/ceiling-fan-market

Ceiling Fan Market Report Segment by Region

North America                                                                                                            

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

Ajanta Electricals Ltd.
Bajaj Electricals
Big Ass Fans
Craftmade
CG Power and Industrial Solutions
Fanimation, Inc.
Fantasia Ceiling Fans
Henley fan Co.
Kichler Lighting LLC
Mega Home Appliances
Minka Lighting LLC
Monte Carlo Fan Company
NuTone Inc.
Orient Electric Ltd.
Panasonic Corp.
Shell Electric Holdings Ltd.
Webtotrade GmbH (Creoven)
Westinghouse Electric Corp.

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