PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1282906
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1282906
India Smart Ceiling Fan Market - By Connectivity Type ; By Sweep Size ; By Application ; By Distribution Channel, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Smart Ceiling Fans Market Size Set to Grow at Moderate CAGR of 2.22% During 2023-2029
India smart ceiling fans market is growing due to increasing consumer preference for energy-efficient appliances, rising adoption of smart home automation systems and IoT technology, rapid urbanization and infrastructure development, and growing disposable income among consumers across the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the India smart ceiling fans market size to grow at a CAGR of 2.22% during the forecast period between 2023 and 2029. In recent years, the India smart ceiling fan market has witnessed expansion and developing trends. Smart ceiling fans have grown in popularity among Indian consumers, as the use of smart home technologies and the demand for energy-efficient solutions has increased. These high-tech fans include remote control operation, voice control compatibility, smartphone app integration, and smart home automation capabilities. Innovative features such as changeable speed settings, built-in sensors for temperature and humidity management, and energy consumption monitoring are also emerging in the market. As more people seek convenience, energy savings, and seamless connectivity in their homes, demand for smart ceiling fans is likely to surge.
India Smart Ceiling Fans Market - Overview:
Smart ceiling fans are more technologically sophisticated versions of traditional ceiling fans that include intelligent functions and connections. These fans may be controlled remotely from anywhere in the room or even outside the premises using smartphones, tablets, or voice assistants. They frequently interact with smart home systems, allowing automation and scheduling based on user preferences or environmental conditions. Smart ceiling fans may also include sensors that detect changes in occupancy or temperature, maximizing energy efficiency by automatically altering fan speed and circulation. Smart ceiling fans, with their simple controls and energy-saving capabilities, improve comfort and convenience in modern homes.
Impact of COVID-19 on India Smart Ceiling Fans Market
The COVID-19 pandemic significantly impacted the India smart ceiling fans market. With the implementation of lockdowns and restrictions on movement, manufacturing and supply chains were disrupted, leading to a shortage of components and delays in production. Also, consumer spending and confidence were affected, resulting in a decline in demand for non-essential items like smart ceiling fans. The closure of retail stores and the shift towards online shopping also influenced the market, with consumers preferring essential goods over luxury items. However, as the situation gradually improves, the India smart ceiling fans market is expected to recover with the growing adoption of smart home technologies and increased focus on energy efficiency.
India Smart Ceiling Fan Market - By Sweep Size:
On basis sweep size, India smart ceiling fan market is divided into Less than 500 mm, 500-999 mm, 1000-1500 mm, and More than 1500mm segments. The largest one is the "More than 1500 mm" category. The segment includes ceiling fans with blade sizes exceeding 1500 mm in length. These fans are designed to cover a larger area and provide enhanced airflow in spacious rooms or areas. The "More than 1500 mm" sweep size segment caters to consumers who require powerful and efficient cooling solutions for larger spaces. With their increased size, these smart ceiling fans offer enhanced airflow and cooling performance, making them suitable for commercial spaces, larger residential areas, or any place that demands superior air circulation.
Competitive Landscape:
India smart ceiling fan market is fiercely competitive. Major companies in the market include Orient Electric, Atomberg Technologies, Crompton Greaves Consumer Electricals, Havells India, Usha International, Luxaire, Polycab India Limited, Superfan, ACTIVA Appliances, Versa Drives Private Limited, Surya Roshni Limited, Panasonic India Pvt Ltd, and Bajaj Electricals Limited. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in India smart ceiling fan market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Smart Ceiling Fans Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Smart Ceiling Fans Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Smart Ceiling Fans Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing preference for convenient residential products
- 3.2.1.2. Increasing smart features in ceiling fans
- 3.2.2. Restraints
- 3.2.2.1. High cost of smart ceiling fans
- 3.2.2.2. Availability of substitute product
- 3.2.3. Opportunity
- 3.2.3.1. Increasing demand for smart devices
- 3.2.3.2. Growing customer preferences shifting toward employing new technologies
- 3.2.4. Challenges
- 3.2.4.1. High requirement for proper maintenance
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Smart Ceiling Fans Market Overview
- 4.1. Market Size & Forecast by Value & Volume, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Connectivity Type
- 4.2.1.1. Bluetooth
- 4.2.1.2. Wi-Fi
- 4.2.1.3. Others
- 4.2.2. By Sweep Size
- 4.2.2.1. Less than 500 mm
- 4.2.2.2. 500-999 mm
- 4.2.2.3. 1000-1500 mm
- 4.2.2.4. More than 1500 mm
- 4.2.3. By Application
- 4.2.3.1. Residential
- 4.2.3.2. Commercial
- 4.2.4. By Distribution Channel
- 4.2.4.1. Offline
- 4.2.4.2. Online
- 4.2.1. By Connectivity Type
5. India Smart Ceiling Fans Market Overview
- 5.1. Market Size & Forecast by Value & Volume, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Connectivity Type
- 5.2.2. By Sweep Size
- 5.2.3. By Application
- 5.2.4. By Distribution Channel
6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. India Smart Ceiling Fans Company Market Share Analysis, 2022
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Covid-19 on India Smart Ceiling Fans Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- 8.1. Orient Electric
- 8.2. Atomberg Technologies
- 8.3. Crompton Greaves Consumer Electricals
- 8.4. Havells India
- 8.5. Usha International
- 8.6. Luxaire
- 8.7. Polycab India Limited
- 8.8. Superfan
- 8.9. ACTIVA Appliances
- 8.10. Versa Drives Private Limited
- 8.11. Surya Roshni Limited
- 8.12. Panasonic India Pvt Ltd
- 8.13. Bajaj Electricals Limited
- 8.14. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents, By Region
- 10.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Smart Ceiling Fans Market Segmentation
- Figure 2 India Smart Ceiling Fans Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Smart Ceiling Fans Market Size, By Value (USD Billion), 2019-2029
- Figure 5 India Smart Ceiling Fans Market Share, By Connectivity Type, By Value, 2019-2029
- Figure 6 India Smart Ceiling Fans Market Share, By Sweep Size, By Value, 2019-2029
- Figure 7 India Smart Ceiling Fans Market Share, By Application, By Value, 2019-2029
- Figure 8 India Smart Ceiling Fans Market Share, By Distribution Channel, By Value, 2019-2029
List of Tables
- Table 1 India Smart Ceiling Fans Market Size, By Connectivity Type, By Value, 2019-2029
- Table 2 India Smart Ceiling Fans Market Size, By Sweep Size, By Value, 2019-2029
- Table 3 India Smart Ceiling Fans Market Size, By Application, By Value, 2019-2029
- Table 4 India Smart Ceiling Fans Market Size, By Distribution Channel, By Value, 2019-2029
- Table 5 Orient Electric Company Overview
- Table 6 Orient Electric Financial Overview
- Table 7 Atomberg Technologies Company Overview
- Table 3 Atomberg Technologies Financial Overview
- Table 4 Crompton Greaves Consumer Electricals Company Overview
- Table 5 Crompton Greaves Consumer Electricals Financial Overview
- Table 6 Havells India Company Overview
- Table 7 Havells India Financial Overview
- Table 8 Usha International Company Overview
- Table 9 Usha International Financial Overview
- Table 10 Luxaire Company Overview
- Table 11 Luxaire Financial Overview
- Table 12 Polycab India Limited Company Overview
- Table 13 Polycab India Limited Financial Overview
- Table 14 Superfan Company Overview
- Table 15 Superfan Financial Overview
- Table 16 ACTIVA Appliances Company Overview
- Table 17 ACTIVA Appliances Financial Overview
- Table 18 Versa Drives Private Limited Company Overview
- Table 19 Versa Drives Private Limited Financial Overview
- Table 20 Surya Roshni Limited Company Overview
- Table 21 Surya Roshni Limited Financial Overview
- Table 22 Panasonic India Pvt Ltd Company Overview
- Table 23 Panasonic India Pvt Ltd Financial Overview
- Table 24 Bajaj Electricals Limited Company Overview
- Table 25 Bajaj Electricals Limited Financial Overview
