PUBLISHER: TechSci Research | PRODUCT CODE: 1348720
PUBLISHER: TechSci Research | PRODUCT CODE: 1348720
India Electric Fans Market, By Type, By End User, By Distribution Channel (Multi-Branded Stores, Supermarkets & Hypermarkets, Online, Exclusive Stores, and Others), By Region, By Company, Forecast and Opportunities, 2018-2028F
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The India electric fans market is poised for growth driven by the introduction of new product launches featuring smart functionalities. This trend has significantly propelled the expansion of the electric fans industry within the projected timeframe. This growth trajectory is further fortified by various initiatives undertaken by the Government of India (GoI) aimed at fostering smart city development nationwide and expanding housing initiatives. Government schemes like the Integrated Power Development Scheme (IPDS) and the Deendayal Upadhyaya Gram Jyoti Yojna (DDUGJY) are also expected to positively impact the country's electric fans market during the forecast period. The enhancement of electricity access, particularly in rural areas, and the improvement of power distribution and sub-transmission systems in urban regions, are key factors propelling the market's growth.
Demand for Aesthetic and Smart Fans on the Rise
Growing disposable incomes are generating substantial demand for fans boasting aesthetically pleasing designs and smart capabilities, such as voice control and remote connectivity via smart devices. Furthermore, the substantial expansion of the retail and hospitality sectors, coupled with the easy accessibility of premium fan varieties like lighting fans through online shopping platforms, are additional drivers fueling market growth.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 1.7 Billion |
| Market Size 2028 | USD 3 Billion |
| CAGR | 9% |
| Fastest Growing Segment | Online |
| Largest Market | South Region |
Innovation through New Product Launches
The electric fan industry's growth is being propelled by innovative new product launches that incorporate advanced features. IoT-enabled fans, for instance, enable users to control speed, settings, timers, integrated lighting, and other features remotely. Key market players are focusing on introducing new products and expanding their portfolios to meet the rising demand. For instance, Havells introduced a new line of fans in 2021, including the Stealth Puro Air ceiling fan with 3-stage filtration and air purification benefits. Similarly, in 2022, Xiaomi India launched the Xiaomi Standing Fan 2, a smart fan with advanced features such as voice control and variable speed options. The market for electric fans is expected to expand as consumers embrace new technology.
Transition to Energy-Saving Inverter Technology
The electric fan sector is gradually shifting towards energy-saving inverter technology, producing fans that can operate on low voltage and solar energy. Given that ceiling fans constitute a significant portion of household energy consumption, energy-efficient ceiling fans are entering the market, aiding customers in reducing their energy bills. BLDC motors, found in the most energy-efficient ceiling fans, require less maintenance, produce less heat, and operate more quietly than conventional induction motor fans.
Urbanization and Real Estate Development Driving Demand
Rapid urbanization and a surge in new residential construction projects are major drivers of the electric fans market in India. This growth is particularly evident in the real estate industry, with top metropolitan areas witnessing a substantial increase in new project launches. Cities like Gurugram, Noida, MMR, Pune, Hyderabad, and Bengaluru have experienced a significant rise in new project launches, indicating strong growth potential for the electric fan market in the projected period.
Market Segmentation
The India electric fans market is segmented based on type, end-user, distribution channel, region, and company. On the basis of type, the market is further segmented into ceiling fans, table fans, pedestal fans, wall fans, and exhaust fans. Based on end users, the India electric fans market is further divided into residential, commercial & industrial. Based on distribution channel, the market is further segmented into multi-branded stores, supermarkets & hypermarkets, online, exclusive stores, and others (dealers & distributors, etc.).
Company Profiles
Crompton Greaves Consumer Electricals Ltd., Orient Electric Limited, Usha International Ltd., Havells India Limited, Bajaj Electricals Ltd., V-Guard Industries Ltd., Surya Roshni Limited, Finolex Cables Ltd., Metro Ortem Ltd, Khaitan (India) Limited, are among the top players operating in the India electric fans market.
Report Scope:
In this report, India electric fans market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Electric Fans Market, By Type:
- Ceiling Fans
- Table Fans
- Pedestal Fans
- Wall Fans
- Exhaust Fans
India Electric Fans Market, By End User:
- Residential
- Commercial & Industrial
- India Electric Fans Market, By Distribution Channel
- Multi-Branded Stores
- Supermarkets & Hypermarkets
- Online
- Exclusive Stores
- Others
India Electric Fans Market, By Region:
- North
- South
- East
- West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India electric fans market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Introduction
- 1.1. Product Overview
- 1.2. Key Highlights of the Report
- 1.3. Market Coverage
- 1.4. Market Segments Covered
- 1.5. Research Tenure Considered
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Market Overview
- 3.2. Market Forecast
- 3.3. Key Regions
- 3.4. Key Segments
4. Voice of Customer Analysis (B2C Model Analysis)
- 4.1. Sample Size Determination
- 4.2. Respondent Demographics
- 4.2.1. By Gender
- 4.2.2. By Age
- 4.2.3. By Occupation
- 4.3. Brand Awareness
- 4.4. Factors Influencing Purchase Decision
- 4.5. Customer Satisfaction
5. India Electric Fans Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Type Market Share Analysis (Ceiling Fans, Table Fans, Pedestal Fans, Wall Fans & Exhaust Fans)
- 5.2.2. By End User Market Share Analysis (Residential, Commercial & Industrial)
- 5.2.3. By Distribution Channel Market Share Analysis (Multi-Branded Stores, Supermarket & Hypermarket, Online, Exclusive Stores, And Others (Dealers & Distributors, Etc.))
- 5.2.4. By Regional Market Share Analysis
- 5.2.4.1. North India Market Share Analysis
- 5.2.4.2. South India Market Share Analysis
- 5.2.4.3. East India Market Share Analysis
- 5.2.4.4. West India Market Share Analysis
- 5.2.5. By Top 5 Companies Market Share Analysis, Others (2022)
- 5.3. India Electric Fans Market Mapping & Opportunity Assessment
- 5.3.1. By Type Market Mapping & Opportunity Assessment
- 5.3.2. By End User Market Mapping & Opportunity Assessment
- 5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
- 5.3.4. By Regional Market Mapping & Opportunity Assessment
6. India Electric Ceiling Fans Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
- 6.2. Market Share & Forecast
- 6.2.1. By End User Market Share Analysis
- 6.2.2. By Distribution Channel Market Share Analysis
7. India Electric Table Fans Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.1.2. By Volume
- 7.2. Market Share & Forecast
- 7.2.1. By End User Market Share Analysis
- 7.2.2. By Distribution Channel Market Share Analysis
8. India Electric Pedestal Fans Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.1.2. By Volume
- 8.2. Market Share & Forecast
- 8.2.1. By End User Market Share Analysis
- 8.2.2. By Distribution Channel Market Share Analysis
9. India Electric Wall Fans Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.1.2. By Volume
- 9.2. Market Share & Forecast
- 9.2.1. By End User Market Share Analysis
- 9.2.2. By Distribution Channel Market Share Analysis
10. India Electric Exhaust Fans Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.1.2. By Volume
- 10.2. Market Share & Forecast
- 10.2.1. By End User Market Share Analysis
- 10.2.2. By Distribution Channel Market Share Analysis
11. Pricing Analysis
12. Imports/Exports Analysis
- 12.1. Top 5 Importing Countries
- 12.1.1. By Value
- 12.2. Top 5 Exporting Countries
- 12.2.1. By Value
13. Market Dynamics
- 13.1. Drivers
- 13.1.1. Shifting trend towards smart fan products
- 13.1.2. Rising construction in residential sector
- 13.1.3. Energy saving inverter technology.
- 13.2. Challenges
- 13.2.1. High competition
- 13.2.2. Increasing use of air conditioners
14. Impact of COVID-19 on India Electric Fans Market
- 14.1. Impact Assessment Model
- 14.1.1. Key Segments Impacted
- 14.1.2. Key Regions Impacted
- 14.1.3. Key Countries Impacted
- 14.1.4. Key Distribution Channel Impacted
15. Market Trends & Developments
- 15.1. New Product launches
- 15.2. Ease of availability
- 15.3. Increasing spending power
- 15.4. Wide range of product availability
- 15.5. Rising marketing and promotional strategy
16. Porter's Five Forces Model
- 16.1. Competitive Rivalry
- 16.2. Bargaining Power of Buyers
- 16.3. Bargaining Power of Suppliers
- 16.4. Threat of New Entrants
- 16.5. Threat of Substitutes
17. SWOT Analysis
- 17.1. Strengths
- 17.2. Weaknesses
- 17.3. Opportunities
- 17.4. Threats
18. India Economic Profile
19. Policy & Regulatory Landscape
20. Competitive Landscape
- 20.1. Company Profiles
- 20.1.1. Crompton Greaves Consumer Electricals Ltd.
- 20.1.1.1. Company Details
- 20.1.1.2. Product & Services
- 20.1.1.3. Financials (As per availability)
- 20.1.1.4. Key Market Focus & Geographical Presence
- 20.1.1.5. Recent Developments
- 20.1.1.6. Key Management Personnel
- 20.1.2. Orient Electric Limited
- 20.1.2.1. Company Details
- 20.1.2.2. Product & Services
- 20.1.2.3. Financials (As per availability)
- 20.1.2.4. Key Market Focus & Geographical Presence
- 20.1.2.5. Recent Developments
- 20.1.2.6. Key Management Personnel
- 20.1.3. Usha International Ltd.
- 20.1.3.1. Company Details
- 20.1.3.2. Product & Services
- 20.1.3.3. Financials (As per availability)
- 20.1.3.4. Key Market Focus & Geographical Presence
- 20.1.3.5. Recent Developments
- 20.1.3.6. Key Management Personnel
- 20.1.4. Havells India Limited
- 20.1.4.1. Company Details
- 20.1.4.2. Product & Services
- 20.1.4.3. Financials (As per availability)
- 20.1.4.4. Key Market Focus & Geographical Presence
- 20.1.4.5. Recent Developments
- 20.1.4.6. Key Management Personnel
- 20.1.5. Bajaj Electricals Ltd.
- 20.1.5.1. Company Details
- 20.1.5.2. Product & Services
- 20.1.5.3. Financials (As per availability)
- 20.1.5.4. Key Market Focus & Geographical Presence
- 20.1.5.5. Recent Developments
- 20.1.5.6. Key Management Personnel
- 20.1.6. V-Guard Industries Ltd.
- 20.1.6.1. Company Details
- 20.1.6.2. Product & Services
- 20.1.6.3. Financials (As per availability)
- 20.1.6.4. Key Market Focus & Geographical Presence
- 20.1.6.5. Recent Developments
- 20.1.6.6. Key Management Personnel
- 20.1.7. Surya Roshni Limited
- 20.1.7.1. Company Details
- 20.1.7.2. Product & Services
- 20.1.7.3. Financials (As per availability)
- 20.1.7.4. Key Market Focus & Geographical Presence
- 20.1.7.5. Recent Developments
- 20.1.7.6. Key Management Personnel
- 20.1.8. Finolex Cables Ltd
- 20.1.8.1. Company Details
- 20.1.8.2. Product & Services
- 20.1.8.3. Financials (As per availability)
- 20.1.8.4. Key Market Focus & Geographical Presence
- 20.1.8.5. Recent Developments
- 20.1.8.6. Key Management Personnel
- 20.1.9. Metro Ortem Ltd
- 20.1.9.1. Company Details
- 20.1.9.2. Product & Services
- 20.1.9.3. Financials (As per availability)
- 20.1.9.4. Key Market Focus & Geographical Presence
- 20.1.9.5. Recent Developments
- 20.1.9.6. Key Management Personnel
- 20.1.10. Khaitan (India) Limited.
- 20.1.10.1. Company Details
- 20.1.10.2. Product & Services
- 20.1.10.3. Financials (As per availability)
- 20.1.10.4. Key Market Focus & Geographical Presence
- 20.1.10.5. Recent Developments
- 20.1.10.6. Key Management Personnel
- 20.1.1. Crompton Greaves Consumer Electricals Ltd.
21. Strategic Recommendations/Action Plan
- 21.1. Key Focus Areas
- 21.2. Target Type
- 21.3. Target Distribution Channel
22. About Us & Disclaimer
(Note: The companies list can be customized based on the client requirements.)
