global ceiling fan market size was worth US$ 9,616 Million in 2019According 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.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant
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.
Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant/requestsample
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
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert: https://www.imarcgroup.com/request?type=report&id=666&flag=C
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.
Browse related reports
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1 6317911145
Address:30 N Gould St, Ste R
State: WY 82801
Country: United States