Smart Ceiling Fans Market to Grow During the Forecast Period
Increasing
internet penetration, rising demand for smart household products and consumer-convenience
products are driving the market growth of the smart ceiling fans market in the
forecasted period.
According to
TechSci Research report, “Smart Ceiling Fans Market – Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”
The residential smart ceiling
market is witnessing growth owing to the rising temperature and increasing
consumers' awareness about the product's feasibility and effectiveness. Owing
to the rising government initiatives to provide residential houses to citizens
in different countries, it will ultimately lead to increased demand for smart
ceiling fans in various countries.
The growing smart
capabilities of smart ceiling fans, such as the ability to control them with
voice commands using Alexa or the Google Assistant, together with the expanding
technological developments made by various brands is aiding the market growth.
Moreover, smart ceiling fans are equipped with Internet Of Things, allowing the
consumer to handle and operate the temperature and speed of the smart ceiling
fan. It is further projected that increasing market adoption of smart ceiling
fans with LED lighting in innovative shapes and designs will fuel innovation.
Manufacturers have stressed technical developments and cutting-edge fashions to
meet consumer demand.
In the future, the market for
smart ceiling fans is anticipated to rise due to a shift in customer
preferences toward employing new technologies to streamline daily tasks.
Additionally, during the projection period, the market for smart ceiling fans
is anticipated to rise due to their ability to automatically modify their speed
in response to changes in room temperature. Significant players have also begun
to introduce intelligent ceiling fans with LED lighting and enhanced designs.
In order to draw in a lot more customers, they are also promoting the
technological developments occurring in their product range. Bladeless ceiling
fans, for instance, are becoming more and more popular among consumers.
Smart ceiling fans are in
high demand in the Asia Pacific region. The market is expected to develop as
smart home appliances, such as smart ceiling fans that can be operated over the
internet and smartphones, become more widely adopted. In the coming years,
these factors are projected to provide the growth of the market for smart
ceiling fans a considerable boost and open up new business prospects in the
region.
Due to the provision of
comprehensive instructions about installation and after-sale services by
professionals, multi-branded stores currently hold the most significant market
share in the sales channel and are further expected to continue to grow.
Additionally, the convenience of finding appropriate product accessories has
also been driving customers to these channels. The expansion of the online sales
channel segment is expected to continue throughout the forecasted period due to
middle-class consumers' growing use of smartphones and the internet to make
e-commerce purchases of home appliances. According to a United Nations
Conference on Trade and Development report, global e-commerce sales jumped to
USD26.7 trillion in 2019, which is 4% more compared to 2018.
Browse over xx market data
Figures spread through xx Pages and an in-depth TOC on the "Global Smart Ceiling Fans Market."
The smart ceiling fans market
is segmented based on sweep size, end user, and sales channel. Based on sweep
size, the market is divided into less than 500mm, 500-999mm, 1000-1500mm, and
more than 1500mm. The market is further divided into commercial/industrial and
residential based on end users. Based on sales channels, the market is
fragmented into exclusive stores, hypermarkets & supermarkets, online, and
others (distributors, dealers, etc.).
Key market players in the smart
ceiling fans market include:
- Emerson Electric Co.
- Havells India Ltd.
- LG Electronics
- Minka Lighting, Inc.
- Orient Electric
- CG Power and Industrial
Solutions Limited
- Ottomate International
- Delta T, LLC.
- Hunter Fan Company
- Modern Form
To capture a significant market share in the smart
ceiling fans market, various brands have launched technologically advanced
products to attract consumers. For example, Orient Electric launched
IOT-enabled smart ceiling fans which provide benefits like 40% energy savings
and low voltage operation capabilities. Moreover, it comes with different modes
for catering to different consumer needs, such as turbo mode, reverse rotation,
schedule on-off and sleep way, enabling the fan toauto-control the speed as per
the requirement of the room and temperature.
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“The increasing popularity of
smart household devices which can run in compatibility with each other, rising
internet penetration, and changing consumer lifestyle due to rising per capita
income are driving the global smart ceiling fans market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Smart Ceiling Fans
Market By Sweep Size (Less than 500mm, 500-999mm, 1000-1500mm, More than
1500mm), By End User (Commercial/Industrial, Residential) By Sales Channel
(Exclusive Stores, Hypermarket & Supermarket, Online Channels, Others
(Distributors, Dealers etc.)), By Region, Competition, Forecast &
Opportunities, 2018-2028F”
has evaluated the future
growth potential of smart ceiling fans market and provides statistics and information on market structure, size, share,
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in smart ceiling fans
globally.
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