Global Smart Ceiling Fans Market by Application (Residential, Commercial), by Distribution Channel (Offline, Online) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global smart ceiling fan market was worth USD 698.4 millions. The market is expected to grow due to rising consumer preferences for more convenient products and rapid adoption of advanced technology. Market growth will be influenced by the high demand for technologically advanced products, particularly among millennials, and easy access to a broad range of products.

Smart ceiling fans are being demanded due to changing consumer habits and a growing desire for the most modern technology. The growth is expected to be driven by the increasing adoption of smart home appliances, including smart ceiling fans, that can also be controlled via internet and smartphones.

Smart fans include advanced cooling functions and temperature control, as well as a wireless connection. These products can be operated by consumers simply downloading compatible apps, including Google Assistant and Alexa, to their smartphones and connecting via Bluetooth or Wi-Fi. These fans allow consumers to maintain the right humidity and ventilation and clean the air from dust and other microorganisms. These fans are popular because of their advanced features, such as climate control or energy-efficiency.

The market is expected to see a rise in smart ceiling fans that feature LED lights and innovative designs. Manufacturers are focusing on technological advances and innovating styles to meet consumer demand. Modern homes are increasingly using bladeless ceiling fans. The market growth for smart ceiling fans is likely to be slowed by the high cost of smart fans, compared to conventional fans.

Distribution Channel Insights

In 2018, the market share for offline distribution channels was more than 80%. The segment is expected to grow because of the availability of detailed instructions and after-sales services by professionals. These channels have attracted buyers because they offer compatible accessories.

The online distribution channel segment is expected to grow at a CAGR greater than 6% between 2019 and 2025. The segment is expected to grow due to rising spending on ecommerce to purchase home appliances by middle-income people. Online sales will be accelerated by the growth of online retailers, particularly company-owned shopping portals like Ottomate International, Orient Electric Limited and LG Electronics.

Application Insights

The smart ceiling fan market was dominated by residential applications, which accounted for over 80% of the revenue share. The residential market has seen a rise in smart devices adoption. The segment is also growing because of the rising demand for energy-saving and silent fans. These products are popular because they enhance modern and smart homes. These products can be tailored to your room's climate. Ottomate International launched Ottomate Smart Fan in March 2019. This product enables Bluetooth mesh connectivity. Otto mode allows the product to automatically adjust the airflow based on the temperature conditions in a specific room.

The fastest CAGR in the commercial segment is 5.5% between 2019 and 2025. This is due to growing demand for products that are energy-efficient and have temperature control. Advanced technology allows you to control multiple fans simultaneously. The product's widespread application is expected to lead to a substantial increase in commercial buildings, including offices, manufacturing plants, and malls. Manufacturers have launched products in order to increase their market share in this sector over the last few years. Delta T, LLC's Big Ass Fans launched Powerfoil D in May 2019. It is suitable for harsh industrial environments.

Regional Insights

Asia Pacific accounted for more than 60% of global revenue in 2018, and was the largest market. The demand for premium appliances is growing in Asia Pacific, with a rising middle class in developing countries like China, Bangladesh, India and Indonesia. Smart cooling devices such as ceiling fans and smart ceiling fans will be popularized in hot South Asian countries.

The key market players have been increasing their presence in India over the last few years to meet the growing product demand. In May 2019, LG Electronics launched its The Fan smart fan in India. It can be used with LG SmartThinQ or Amazon Alexa, and it also features the mosquito away function.

Market Share Insights & Key Companies

Hunter Fan Company, Orient Electric, Delta T, LLC, Ottomate International, Minka Lighting Inc., Modern Form; Fanimation, OCECO, Havells India Ltd., and CG Power and Industrial Solutions Limited are key market players. The companies have invested in product innovation over the last few years to gain a competitive edge. In October 2018, Orient Electric (a CK Birla company) partnered with Tata Elxsi in order to improve product design and performance. Orient Electric also launched the Eco-series Ecogale ceiling fan, which uses 32 watts of power to replace the 70 watts required by fans with an induction motor.

Smart Ceiling Fans Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2015 to 2025. Grand View Research has divided the global market for smart ceiling fans based on their application, distribution channel, region, and country.

• Application Outlook (Revenue USD Million, 2015-2025)

  • Residential

  • Commercial

• Distribution Channel Outlook (Revenue USD Million, 2015-2025)

  • Offline

  • Online

• Region Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global smart ceiling fan market was valued at USD 733 million in 2019, and is forecast to grow to USD 772 million by 2020.

b. Global smart ceiling fans are expected to grow at a compound annual rate of 5.17% between 2019 and 2025, reaching USD 993.6 millions by 2025.

b. With a market share of 61.4%, Asia Pacific dominated smart ceiling fans in 2019, This can be attributed to the rise of middle-class populations in developing countries. In 2019, Asia Pacific dominated the smart ceiling fan market with a share of 61.4%.

b. Hunter Fan Company, Orient Electric, Delta T, LLC, Ottomate International, Minka Lighting Inc., Modern Form; Fanimation, OCECO, Havells India Ltd., and CG Power and Industrial Solutions Limited are some of the key players in smart ceiling fans market.

b. Market growth is driven by rising consumer preference and rapid adoption of smart technology.

Up Market Research published a new report titled “Smart Ceiling Fans Market research report which is segmented by Application (Residential, Commercial), by Distribution Channel (Offline, Online), By Players/Companies LLC; Ottomate International; Minka Lighting Inc; Modern Form; Fanimation; OCECO; Havells India Ltd; and CG Power and Industrial Solutions Limited, Hunter Fan Company; Orient Electric; Delta T”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Smart Ceiling Fans Market Report Segments:

The market is segmented by Application (Residential, Commercial), by Distribution Channel (Offline, Online).

Smart Ceiling Fans Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Smart Ceiling Fans Market

Overview of the regional outlook of the Smart Ceiling Fans Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Smart Ceiling Fans Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Smart Ceiling Fans Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Residential

                2. Commercial

                1. Offline

                2. Online

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Smart Ceiling Fans Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Smart Ceiling Fans Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.