Smart Ceiling Fans Market

Smart Ceiling Fans Market by Applications (Residential and Commercial), Distribution Channels (Offline and Online), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-333
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 181
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The global smart ceiling fans market is projected to expand at a substantial CAGR during the forecast period. The growth of market is attributed to changing consumer lifestyle and rising number of smart houses around the world.

Smart fans have a wireless connection, advanced cooling functions, and automatic temperature control, among others. Consumers can effortlessly operate these products by downloading the compatible application and can command the smart fans through voice assistant such as Google Assistant and Alexa by connecting them through Bluetooth or Wi-Fi.

Smart Ceiling Fans Market Key Takeaways

One can maintain appropriate humidity, ventilation, and keep the air free from dust and aerial microorganisms with the help of these fans. The advanced features such as climate control and energy efficiency have been encouraging consumers to opt for these products. The bladeless ceiling fan has been gaining significant preference in modern homes.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising consumer preference for convenient & smart products and rapid urbanization are driving the market growth.
  • Increasing disposable income is driving the demand for product in the emerging economies such as India and China.
  • High cost of repair and maintenance to restrain the market growth.
  • The COVID-19 pandemic had disrupted the supply chain activities across the globe. However, the market is expected to recover till mid-2021.

Scope of the Report

The report on the smart ceiling fans market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Ceiling Fans Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Residential, and Commercial), Distribution Channels (Offline and Online)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Orient Electric, Delta T, LLC, Ottomate International, Minka Lighting Inc., Modern Form, Fanimation, OCECO, Havells India Ltd., CG Power and Industrial Solutions Limited, Honeywell Intrenational Inc, Hunter Fan Co., Panasonic Corp., and Westinghouse Electric Corp.


Smart Ceiling Fans Market Segment Insights:

Residential segment anticipated to account a large market share.
On the basis of applications, the market is divided into residential and commercial.  The residential segment held a large share of the smart ceiling fans market, accounting for more than 75% of revenue share in 2020, in terms of revenue. Consumers opt for these products as they complement their modern and smart homes. The commercial segment is expected to witness a CAGR above 5% during forecast period. The integration of latest technologies and development of modern corporate spaces is spurring the segment growth.

Offline segment anticipated to grow at a rapid pace
Based on the distribution channels, the market is divided into offline, and online. The offline segment accounted for a market share of more than 85% of global revenue. The easy availability of compatible product accessories has been attracting buyers to purchase from these channels. Majority of the consumers prefer specialty stores for buying home appliances, as they provide exclusive installation and better after-sale services than online channels. The online segment is anticipated to expand at a substantial CAGR during the forecast period owing to sedentary lifestyle and increasing penetration of smartphones and Internet.

Asia Pacific anticipated to dominate the market
On the basis of regions, the market is divided into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. Asia Pacific led the market, contributing more than 70% of the global revenue share. Increasing disposable income and rising number of smart homes in emerging economies such as India and China are propelling the regional market growth.

Smart Ceiling Fans Market Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Ceiling Fans Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Ceiling Fans Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Ceiling Fans Market - Supply Chain
  4.5. Global Smart Ceiling Fans Market Forecast
     4.5.1. Smart Ceiling Fans Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Ceiling Fans Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Ceiling Fans Market Absolute $ Opportunity
5. Global Smart Ceiling Fans Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Smart Ceiling Fans Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Smart Ceiling Fans Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Ceiling Fans Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Ceiling Fans Demand Share Forecast, 2019-2026
7. North America Smart Ceiling Fans Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Ceiling Fans Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Ceiling Fans Market Size and Volume Forecast by Applications
     7.4.1. Residential
     7.4.2. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Ceiling Fans Demand Share Forecast, 2019-2026
8. Latin America Smart Ceiling Fans Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Ceiling Fans Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Ceiling Fans Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Ceiling Fans Demand Share Forecast, 2019-2026
9. Europe Smart Ceiling Fans Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Ceiling Fans Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Ceiling Fans Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Ceiling Fans Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Ceiling Fans Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Ceiling Fans Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Ceiling Fans Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Ceiling Fans Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Ceiling Fans Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Ceiling Fans Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Ceiling Fans Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Ceiling Fans Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Ceiling Fans Market: Market Share Analysis
  12.2. Smart Ceiling Fans Distributors and Customers
  12.3. Smart Ceiling Fans Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Orient Electric
     12.4.2. Delta T
     12.4.3. LLC
     12.4.4. Ottomate International
     12.4.5. Minka Lighting Inc
     12.4.6. Modern Form
     12.4.7. Fanimation
     12.4.8. OCECO
Segments Covered in the Report
The smart ceiling fans market has been segmented on the basis of

Applications
  • Residential
  • Commercial
Distribution Channels
  • Offline
  • Online
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key players
  • Orient Electric
  • Delta T, LLC
  • Ottomate International
  • Minka Lighting Inc.
  • Modern Form
  • Fanimation
  • OCECO
  • Havells India Ltd.
  • CG Power and Industrial Solutions Limited
  • Honeywell Intrenational Inc
  • Hunter Fan Co.
  • Panasonic Corp.
  • Westinghouse Electric Corp.  

The major players of the market is Orient Electric, Delta T, LLC, Ottomate International, Minka Lighting Inc., Modern Form, Fanimation, OCECO, Havells India Ltd., CG Power and Industrial Solutions Limited, Honeywell Intrenational Inc, Hunter Fan Co., Panasonic Corp., and Westinghouse Electric Corp.

In 2019, Orient Electric announced the national launch of India’s first smart ceiling fan Aeroslim, which set new standards in the segment with its loT & voice control features.

In 2019, Ottomate International launched Ottomate smart fan, which enables Bluetooth mesh connectivity.

Smart Ceiling Fans Market By Key Players

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