The global smart ceiling fans market size is expected to
reach USD 993.6 million by 2025, according to a new report by Grand View
Research, Inc. It is anticipated to register a CAGR of 5.2% during the forecast
period. Rising demand for convenient products coupled with rapid adoption of
advanced technology is projected to drive the growth. Furthermore, introduction
of innovative features such as climate control coupled with ease of operation,
and energy-efficiency is anticipated to fuel the demand for smart fans.
Residential application segment held the largest
market share exceeding 80% in terms of revenue in 2018. Rising adoption of
smart home appliances in developing economies including China and India is expected
to promote the growth. The silent and energy-saving features of these products
boost the product demand. Smart fans complement the smart and modern home
interiors. This factor is anticipated to further propel the regional
application segment.
Online channel is expected to witness the
fastest CAGR of over 6% from 2019 to 2025. Over the past few years, the sales
of home appliances through e-commerce have increased significantly.
Furthermore, the hassle-free shopping experience of online channels is expected
to promote the growth of the segment.
Asia Pacific held the largest market share of
over 60% in terms of revenue in 2018. Rising purchasing power of the consumers
from developing economies, including China and India is anticipated to bode
well for the adoption of smart integrated appliances in this region.
Additionally, product innovation by key companies including Orient Electric and
Havells among others is projected to drive regional market growth in near
future.
Key competitors in the smart ceiling fans market
include Hunter Fan Company; Orient Electric; Delta T, LLC.; Ottomate
International; Modern Form; Minka Lighting Inc.; OCECO; Fanimation; Havells
India Ltd.; and CG Power and Industrial Solutions Limited. Over the past few
years, the companies have been focusing on product innovation to boost their
market share. Product launches in terms of, bladeless ceiling fans and LED
light fixtures, among others are projected to gain massive traction in the
forthcoming years. In December 2017, Exhale Europe launched a bladeless fan
that evenly allocates the air in the entire room.
For Full Research Report On Smart Ceiling Fans Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/smart-ceiling-fans-market
Smart Ceiling Fans Market Report Highlights
- Commercial segment is expected to register the fastest CAGR of 5.5%
from 2019 to 2025, attributed to the increasing product demand owing to
the features such as energy-efficiency and automatic temperature control
- Residential application segment held the largest market share of
more than 80% in 2018
- Asia Pacific led the smart ceiling fans market, accounting for more
than 60% of revenue share in 2018. Presence of a large number of
middle-class population in key markets including China and India is
expected to open new growth avenues in near future
- Online channel is expected to expand at the fastest CAGR of over 6%
from 2019 to 2025
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/smart-ceiling-fans-market/request/rs1
Smart Ceiling Fans Market Segmentation
Grand
View Research has segmented the global smart ceiling fans market on the basis
of application, distribution channel, and region:
Smart Ceiling Fans Application Outlook (Revenue, USD Million, 2015 -
2025)
- Residential
- Commercial
Smart Ceiling Fans Distribution Channel Outlook (Revenue, USD Million,
2015 - 2025)
- Offline
- Online
Smart Ceiling Fans Region Outlook (Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- South
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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