India Ceiling Fan Market (2024-2030) | Outlook, Size, Share, Revenue, Companies, Industry, Value, Analysis, Trends, Forecast & Growth

India Ceiling Fan Market Highlights

Report Name	India Ceiling Fan Market
Forecast period	2024-2030
CAGR	9%
Growing Sector	Residential Sector

Topics Covered in India Ceiling Fan Market Report

The India Ceiling Fan Market Report thoroughly covers the market by product type, fan size, distribution channel, and end use. The India Ceiling Fan Market Outlook report provides an unbiased and detailed analysis of the ongoing India Ceiling Fan Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

India Ceiling Fan Market Synopsis

India ceiling fan market is expected to continue to grow in the coming years with increasing levels of urbanization and rising temperatures in the region. The growth of the market will be propelled further by government initiatives such as rural electrification programs and energy-efficient schemes.

According to 6Wresearch, the India Ceiling Fan Market size is anticipated to rise at a CAGR of 9% during 2024-2030. The India ceiling fan market is primarily driven by the rising temperatures in the country. With India facing increasingly hot summers, especially in the North and West regions, the demand for fans has seen a steady rise. Additionally, increasing household income levels have enabled consumers to invest in better quality products such as premium fans, which offer more features and better air delivery. Increasing population and rapid urbanization are also contributing to the demand for fans, particularly in Tier II and Tier III cities. The rising trend of urbanization and rising purchasing power are driving the demand for more premium and designer fans. These factors are stimulating the India Ceiling Fan Market growth.

One of the biggest challenges is the presence of low-cost, unbranded products. These products make it difficult for branded companies to compete on price and often created brand confusion among customers. Additionally, the ceiling fan market is heavily reliant on imports from China, making it difficult for suppliers to maintain profit margins due to import duties.

Ceiling Fan Market in India: Leading Players

A key player in the Indian ceiling fan market is Crompton Greaves Consumer Electricals Limited. The company is one of the largest manufacturers of consumer electrical products, including ceiling fans, in India. Another major player in the market is Havells India Ltd, which offers a wide range of fans, including ceiling, exhaust, and table fans. Other notable companies in the market include Usha International Limited, Orient Electric Limited, and Surya Roshni Limited, among others.

India Ceiling Fan Industry: Government Initiatives

The Indian government has been taking various initiatives to support the growth of the ceiling fan market. One such initiative is the UJALA (Unnat Jyoti by Affordable LEDs for All) scheme, launched in 2015, which aimed to replace all incandescent bulbs and old-fashioned tube lights with energy-efficient LED bulbs in Indian households. This scheme’s success was utilized to implement the UJALA program for ceiling fans under which ceiling fans had to be sold to the public at a discounted price.

Future Insights of the Market

The future of this market looks bright, with technological advancements, local manufacturers entering the industry, and rising disposable incomes driving demand. The industry has remained resilient even with the competition from air conditioning units. Consumers in India still prefer the use of ceiling fans as they are cost-effective, and eco-friendly, and view air conditioning units as unhealthy. The government's support through energy-efficient schemes as well as standards, combined with an extensive distribution network for the manufacturers.

Market Segmentation by Product Type

According to Rajneesh, Senior Research Analyst, 6Wreserach, the standard fan segment continues to hold a dominant position in the India ceiling fan market. These fans are the most commonly used type, and they are affordable, efficient, as well as durable.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

 

Key Highlights of the Report:

 

• India Ceiling Fan Market Outlook
• Market Size of India Ceiling Fan Market, 2020
• Forecast of India Ceiling Fan Market, 2023
• Historical Data and Forecast of India Ceiling Fan Revenues & Volume for the Period 2020 - 2030
• India Ceiling Fan Market Trend Evolution
• India Ceiling Fan Market Drivers and Challenges
• India Ceiling Fan Price Trends
• India Ceiling Fan Porter's Five Forces
• India Ceiling Fan Industry Life Cycle
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Product Type for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Standard Fan for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Decorative Fan for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By High Speed Fan for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Energy Saving Fan for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Fan Size for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Small for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Medium for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Large for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Offline for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Online for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By End Use for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Residential for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Commercial for the Period 2020 - 2030
• Historical Data and Forecast of India Ceiling Fan Market Revenues & Volume By Industrial for the Period 2020 - 2030
• India Ceiling Fan Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Fan Size
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By End Use
• India Ceiling Fan Top Companies Market Share
• India Ceiling Fan Competitive Benchmarking By Technical and Operational Parameters
• India Ceiling Fan Company Profiles
• India Ceiling Fan Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

• Standard Fan
• Decorative Fan
• High Speed Fan
• Energy Saving Fan
• Others

By Fan Size

• Small
• Medium
• Large

By Distribution Channel

• Offline
• Online

By End Use

• Residential
• Commercial
• Industrial

India Ceiling Fan Market (2024-2030): FAQs