Smart Ceiling Fan Market Size, Share, Growth, Trends, and Forecast, 2019

Global Smart Ceiling Fan Market – Introduction

Smart ceiling fans, used in households and commercial complexes, are programmed products, which can work with the help of Bluetooth, Wi-Fi, and other medium. Consumers can operate these products through smartphones and voice commands.

Global Smart Ceiling Fan Market – Competition Landscape

Orient Electric

Founded in 1939, Orient Electric is headquartered in New Delhi, India. It is a company under The CK Birla Group, with presence in 40 countries. Orient Electric has a wide distribution network with 125,000 retail outlets, 4,000 dealers, and a strong service network reaching 450 cities. Orient Electric also sells its products through online portals. The company has its presence in fan, lighting, home appliances, and switch gear segment. Under the fan segment, the company operates its product line through seven categories: lifestyle fans, ceiling fans, wall fans, stand fans, table fans, exhaust fans, and multi-utility fans.

Hunter Fan Company

Incorporated in 1886, Hunter Fan Company is headquartered in Tennessee, U.S. The company has operations across the globe with more than 100 distributers. It majorly produces ceiling fans and accessories. Some of the popular accessories under its product range are simple connect smart homes, controls, glass / shades, caps and finials, light kits, and fitters. Ceiling fans of Hunter Fan Company comes with different features including outdoor ceiling fans, fans with lights, low profile fans, fans with remote, simple connect smart fan, and sure speed guarantee.

Major companies operating in the global smart ceiling fan market are Orient Electric, Hunter Fan Company, CG Power, Ottomate International, Delta T LLC, Modern Form, Minka Lighting Inc., OCECO, Fanimation, Industrial Solutions Limited, and Havells India Ltd. Companies are investing in product innovation to increase their revenue in this growing market. For instance, in October 2018, India based Orient Electric, collaborated with Tata Elxsi. This strategic partnership is expected to improve Orient Electric’s research and development outcomes.

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Global Smart Ceiling Fan Market – Driver

Rising Consumer Demand For Technologically Advanced Convenient Products

Growing inclination for convenient residential products coupled with changing lifestyle of consumers is expected to be a major market driving factor. Companies are investing on technologically advanced products to match the market demand. Adoption rate of smart household appliances including smart ceiling fans which can be monitored with the help of Wi-Fi and Bluetooth is anticipated to propel the market growth. Buyers can effortlessly operate these devices with the help of compatible applications such as Alexa and Google Assistant on their smartphones and operate smart ceiling fans. Moreover, these products come with advanced features including humidity control, dust and aerial microorganism free air and high ventilation, climate control, and energy saver which is set to boost market growth. Furthermore, smart ceiling fans with LED lights are projected to create a new avenue in the smart ceiling fan market.

Global Smart Ceiling Fan Market – Segmentation

The global smart ceiling fan market can be segmented on the basis of:

Product Type
Application
Distribution Channel
Region

Global Smart Ceiling Fan Market, by Product Type

In terms of product type, the global smart ceiling fan market can be divided into:

Wi-Fi
Bluetooth
Others

Global Smart Ceiling Fan Market, by Application

Based on application, the global smart ceiling fan market can be segmented into:

Residential
Commercial

Global Smart Ceiling Fan Market, by Distribution Channel

Based on distribution channel, the global smart ceiling fan market can be segmented into:

Online
Offline

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The report on the global smart ceiling fan market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the smart ceiling fan market across regions.

Regional analysis of the global smart ceiling fan market includes:

North America
Europe
Asia Pacific
Middle East & Africa
South America

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.