Singapore Ceiling Fan Market Research Report Forecast to 2030

The Singapore ceiling fan market is projected to witness significant growth during the forecast period, exhibiting a CAGR of 6.35%. The market was estimated to be USD 212.47 million in 2022 and is expected to reach a value of USD 338.73 million by the end of the forecast period (2023-2030).

The Singapore ceiling fans market witnessed significant growth over the last few years and is projected to register a CAGR of 6.35% during the forecast period. The major drivers for the products are the rising global temperature coupled with the enlarged population which has boosted the demand for ceiling fans. However, progressive demand for substitute products in the markets may limit the growth. But the advantage of premium and technically updated products are expected to create lucrative growth opportunities for players operating in the Singapore ceiling fans market during the forecast period.

Market Segmentation

Based on type, the standard fan segment accounted for a market share of 38.12% in 2022 and is expected to grow a CAGR of 6.09% during the upcoming years. This is mainly owing to the wide availability of the standard fan at a reasonable price which in turn has increased its sales among consumers.

The AC fan segment is expected to dominate the Singapore ceiling fan market based on motor type in 2022, owing to the growing benefits provided by ac fans, which in turn has increased its installation in various sectors. As a part of this, as residential houses only have AC electricity, when ceiling fans originally developed, only AC motors were used in their construction. Because it is less expensive and simpler to create and supply electricity this way, it is the power provided by the grid. To use a fan with an AC motor, consumers usually plug it into a power source once it has been installed.

Based on industry vertical, the residential sector is expected to experience a significant growth in Singapore ceiling fan market owing to the growing population across the country, which in turn has increased the residential construction across the country as well as the sales of ceiling fan, which are usually installed in homes.

Furthermore, based on distribution channel, the offline segment held a significant share of 70.96% in 2022 owing to the increased consumer preferences for purchasing through offline mode.

Major Players

The key players operating in the ceiling fan market include Havells India Ltd. (India), Emerson Electric Co. (US), Honeywell International Inc. (US), Panasonic Corporation (Japan), LG Electronics Inc. (South Korea), Fanco Fan Marketing Pte Ltd (Singapore), Gracezone Marketing Pte Ltd. (Singapore), Aeroair Marketing Singapore Pte Ltd. (Singapore), Aspire Lightings (Singapore), and Capital Marketing (S) Pte Ltd. (Singapore).

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1.1 SINGAPORE CEILING FAN MARKET, BY TYPE
1.1.2 SINGAPORE CEILING FAN MARKET, BY MOTOR TYPE
1.1.3 SINGAPORE CEILING FAN MARKET, BY INDUSTRY VERTICAL
1.1.4 SINGAPORE CEILING FAN MARKET, BY DISTRIBUTION CHANNEL

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
2.5 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS & LIMITATIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING GLOBAL TEMPERATURE TO PROPEL THE DEMAND FOR CEILING FANS
- 4.2.2 AUGMENTED POPULATION DENSITY TO ENLARGE THE DEMAND FOR CEILING FANS
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINT
- 4.3.1 PROGRESSIVE DEMAND FOR SUBSTITUTE PRODUCTS IN THE MARKETS HINDERS THE MARKET GROWTH.
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITY
- 4.4.1 ADVANTAGE OF PREMIUM AND TECHNICALLY UPDATED PRODUCTS TO BOOST THE MARKET
4.5 CHALLENGE
- 4.5.1 CHANGING CONSUMER PREFERENCES OF THE CONSUMES TOWARDS HIGH TECH

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS PROCUREMENT
  - 5.1.1.1 DESIGN PLANNING
  - 5.1.1.2 INJECTION MOLDING- PLASTIC MOLDING
  - 5.1.1.3 ASSEMBLING
  - 5.1.1.4 QUALITYCONTROL
- 5.1.2 PACKAGING
5.2 SUPPLY CHAIN ANALYSIS
5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 BARGAINING POWER OF SUPPLIERS
- 5.3.3 BARGAINING POWER OF BUYERS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF RIVALRY
5.4 IMPACT OF THE COVID-19 OUTBREAK ON THE SINGAPORE CEILING FANS MARKET
- 5.4.1 IMPACT ON PRODUCTION
- 5.4.2 IMPACT ON SUPPLY CHAIN
- 5.4.3 IMPACT ON PRICING

6 SINGAPORE CEILING FANS MARKET, BY TYPE

6.1 OVERVIEW
- 6.1.1 SINGAPORE CEILING FANS MARKETESTIMATES & FORECAST, BY TYPE, 2020-2030
6.2 STANDARD FANS
6.3 DECORATIVE FANS
6.4 HIGH-SPEED FANS
6.5 ENERGY SAVING FANS
6.6 OTHERS

7 SINGAPORE CEILING FANS MARKET, BY MOTOR TYPE

7.1 OVERVIEW
- 7.1.1 SINGAPORE CEILING FANS MARKETESTIMATES & FORECAST, BY MOTOR TYPE, 2020-2030
7.2 AC FANS
7.3 DC FANS

8 SINGAPORE CEILING FANS MARKET, BY INDUSTRY VERTICAL

8.1 OVERVIEW
- 8.1.1 SINGAPORE CEILING FANS MARKET ESTIMATES & FORECAST, BY INDUSTRY VERTICAL, 2020-2030
8.2 RESIDENTIAL
8.3 COMMERCIAL
8.4 INDUSTRIAL

9 SINGAPORE CEILING FANS MARKET, BY DISTRIBUTION CHANNEL

9.1 OVERVIEW
- 9.1.1 SINGAPORE CEILING FANS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2030
9.2 OFFLINE
9.3 ONLINE

10 SINGAPORE CEILING FANS MARKET, COUNTRY ANALYSIS

10.1 OVERVIEW

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 MARKET STRATEGY ANALYSIS
11.3 MARKET SHARE OF THE CEILING FAN PLAYERS
11.4 COMPETITIVE BENCHMARKING
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.5.1 PRODUCT LAUNCH
- 11.5.2 EXPANSION

12 COMPANY PROFILES

12.1 HAVELLS INDIA LTD.
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGIES
12.2 EMERSON ELECTRIC CO.
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGIES
12.3 HONEYWELL INTERNATIONAL INC.
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGIES
12.4 PANASONIC CORPORATION
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGIES
12.5 LG ELECTRONICS INC.
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGIES
12.6 FANCO FAN MARKETING PTE LTD
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 KEY STRATEGIES
12.7 GRACEZONE MARKETING PTE LTD.
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 KEY STRATEGIES
12.8 AEROAIR MARKETING SINGAPORE PTE LTD.
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 KEY STRATEGIES
12.9 ASPIRE LIGHTINGS
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 KEY STRATEGIES
12.10 CAPITAL MARKETING (S) PTE LTD.
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 KEY STRATEGIES

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 20
TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 24
TABLE 3 SINGAPORE CEILING FANS MARKETESTIMATES & FORECAST, BY TYPE, 2020-2030 (USD MILLION) 38
TABLE 4 SINGAPORE CEILING FANS MARKETESTIMATES & FORECAST, BY MOTOR TYPE, 2020-2030 (USD MILLION) 41
TABLE 5 SINGAPORE CEILING FANS MARKET ESTIMATES & FORECAST, BY INDUSTRY VERTICAL, 2020-2030 (USD MILLION) 43
TABLE 6 SINGAPORE CEILING FANS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2020-2030 (USD MILLION) 46
TABLE 7 PRODUCT LAUNCH 50
TABLE 8 EXPANSION 50
TABLE 9 HAVELLS INDIA LTD.: PRODUCTS/SERVICES OFFERED 53
TABLE 10 HAVELLS INDIA LTD.: KEY DEVELOPMENTS 54
TABLE 11 EMERSON ELECTRIC CO.: PRODUCTS/SERVICES OFFERED 58
TABLE 12 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED 62
TABLE 13 PANASONIC CORPORATION: PRODUCTS/SERVICES OFFERED 66
TABLE 14 PANASONIC CORPORATION: KEY DEVELOPMENTS 66
TABLE 15 LG ELECTRONICS INC.: PRODUCTS/ SERVICES OFFERED 69
TABLE 16 FANCO FAN MARKETING PTE LTD: PRODUCTS/SERVICES OFFERED 71
TABLE 17 GRACEZONE MARKETING PTE LTD.: PRODUCTS/SERVICES OFFERED 72
TABLE 18 AEROAIR MARKETING SINGAPORE PTE LTD.: PRODUCTS/SERVICES OFFERED 73
TABLE 19 ASPIRE LIGHTINGS: PRODUCTS/SERVICES OFFERED 74
TABLE 20 CAPITAL MARKETING (S) PTE LTD.: PRODUCTS/SERVICES OFFERED 75

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 12
FIGURE 2 SINGAPORE CEILING FAN MARKET ANALYSIS, BY TYPE, 2022 13
FIGURE 3 SINGAPORE CEILING FAN MARKET ANALYSIS, BY MOTOR TYPE, 2022 14
FIGURE 4 SINGAPORE CEILING FAN MARKET ANALYSIS, BY INDUSTRY VERTICAL, 2022 15
FIGURE 5 SINGAPORE CEILING FAN MARKET ANALYSIS, BY DISTRIBUTION CHANNEL, 2022 16
FIGURE 6 SINGAPORE CEILING FAN MARKET: STRUCTURE 18
FIGURE 7 KEY BUYING CRITERIA FOR SINGAPORE CEILING FAN 18
FIGURE 8 RESEARCH PROCESS 19
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 22
FIGURE 10 MARKET DYNAMICS OVERVIEW 25
FIGURE 11 DRIVERS IMPACT ANALYSIS: SINGAPORE CEILING FANS MARKET 27
FIGURE 12 RESTRAINTS IMPACT ANALYSIS: SINGAPORE CEILING FANS MARKET 28
FIGURE 13 SINGAPORE CEILING FANS MARKET: VALUE CHAIN OF CEILING FANS 31
FIGURE 14 SINGAPORE CEILING FANS MARKET: SUPPLY CHAIN ANALYSIS 33
FIGURE 15 PORTER'S FIVE FORCES ANALYSIS OF THE SINGAPORE CEILING FANS MARKET 34
FIGURE 16 SINGAPORE CEILING FANS MARKET, BY TYPE, 2022 (% SHARE) 37
FIGURE 17 SINGAPORE CEILING FANS MARKET, BY TYPE, 2020-2030 (USD MILLION) 37
FIGURE 18 SINGAPORE CEILING FANS MARKET, BY MOTOR TYPE, 2022 (% SHARE) 40
FIGURE 19 SINGAPORE CEILING FANS MARKET, BY MOTOR TYPE, 2020-2030 (USD MILLION) 40
FIGURE 20 SINGAPORE CEILING FANS MARKET, BY INDUSTRY VERTICAL, 2022 (% SHARE) 42
FIGURE 21 SINGAPORE CEILING FANS MARKET, BY INDUSTRY VERTICAL, 2020-2030 (USD MILLION) 42
FIGURE 22 SINGAPORE CEILING FANS MARKET, BY DISTRIBUTION CHANNEL, 2022 (% SHARE) 45
FIGURE 23 SINGAPORE CEILING FANS MARKET, BY DISTRIBUTION CHANNEL, 2020-2030 (USD MILLION) 45
FIGURE 24 MARKET SHARE OF THE CEILING FAN PLAYERS 48
FIGURE 25 BENCHMARKING OF MAJOR COMPETITORS 49
FIGURE 26 HAVELLS INDIA LTD.: FINANCIAL OVERVIEW 52
FIGURE 27 HAVELLS INDIA LTD.: SWOT ANALYSIS 54
FIGURE 28 EMERSON ELECTRIC CO.: FINANCIAL OVERVIEW 57
FIGURE 29 EMERSON ELECTRIC CO.: SWOT ANALYSIS 58
FIGURE 30 HONEYWELL INTERNATIONAL INC.: FINANCIAL OVERVIEW 61
FIGURE 31 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 63
FIGURE 32 PANASONIC CORPORATION: FINANCIAL OVERVIEW 65
FIGURE 33 PANASONIC CORPORATION: SWOT ANALYSIS 67
FIGURE 34 LG ELECTRONICS INC.: FINANCIAL OVERVIEW 69
FIGURE 35 LG ELECTRONICS INC.: SWOT ANALYSIS 70