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Ceiling Fan Market to Reach Approximately US$ 11,332 Million by 2024- IMARC Group

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Get more information about the market: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant

A ceiling fan is an electrically-powered mechanical fan which employs hub-mounted rotating blades in order to produce and circulate the air. The report further anticipates the market to reach approximately US$ 11,332 Million by 2024, at a projected CAGR of 3.3% over the forecast period.

Want more information about this market? Request a free report sample: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan-manufacturing-plant/requestsample

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Ceiling Fan Market to Reach Approximately US$ 11,332 Million by 2024- IMARC Group

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Ceiling Fan Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on 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. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 3. Report DescriptionReport Description and Highlights Global Ceiling Fan Market Overview: A ceiling fan is an electrically-powered mechanical fan which employs hub-mounted rotating blades in order to produce and circulate the air. It cools the space by rotating its paddles in a clockwise direction which creates movement in the still air. In the developing nations, ceiling fans are immensely popular owing to their cost-effectiveness and a longer life-span of approximately 10 years. On the contrary, ceilings fans are evading from the developed nations such as the United States or Europe, since the emergence of air conditioners. A new research report by IMARC Group, titled “Ceiling Fan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the market reached a value of US$ 9,288 Million in 2018. The report further anticipates the market to reach approximately US$ 11,332 Million by 2024, at a projected CAGR of 3.3% over the forecast period. Market Drivers/Constraints: • The major factor that is boosting the market growth is flourishing construction industry globally. Moreover, the governments across various nations are investing in housing projects for the dwellers in slums and rural areas, in order to provide them with basic amenities. • Apart from this, manufacturers have been constantly expanding their product portfolio by introducing premium product line such as decorative fans with lighting. This has highly contributed to the growth of the global ceiling fan market.
  4. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 2011 2012 2013 2014 2015 2016 2017 2018 inBillionUS$ 160.0 165.3 170.6 175.9 181.2 186.5 0 20 40 60 80 100 120 140 160 180 2019 2020 2021 2022 2023 2024 InBillionUS$ • Some of the other forces which are further stimulating the market growth include soaring population, elevating disposable incomes, urbanisation and rising electrification rates in emerging nations. • However, the market growth faces several challenges. The ceiling fan market is facing a constant hindrance in their demand due to the emergence of substitutes such as air conditioners which are gaining traction worldwide. Request for a free sample report: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan- manufacturing-plant/requestsample
  5. 5. Report DescriptionReport Description and Highlights Key Market Segmentation: Market Segmentation by Product Type • Standard Fan • Decorative Fan • High Speed Fan • Energy Saving Fan • Others On the basis of type, standard ceiling fans exhibit a clear dominance in the global market. The other products types include decorative fans, high speed fans and energy saving fans. Market Segmentation by End-Use • Residential • Commercial Based on end-use, the report finds that residential currently represents the largest end-use sector, followed by commercial sector. This is due to the fact that ceiling fans are economical, provide comfort and adds to the house decor.
  6. 6. Report DescriptionReport Description and Highlights Market Segmentation by Region • China • India • European Union • United States • Brazil • Others On a geographical front, China enjoys a leading position in the global ceiling fan market. China is followed India, the European Union, the United States and Brazil. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • Emerson Electric Co. • Hunter Fan • Crompton
  7. 7. Report DescriptionReport Description and Highlights • Shell Electric MFG Co. Ltd. • NuTone For more information, click here: https://www.imarcgroup.com/prefeasibility-report-ceiling-fan- manufacturing-plant
  8. 8. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  9. 9. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  10. 10. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
  11. 11. FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us

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