India Ceiling Fans Market Size & Outlook, 2023-2030
India Ceiling Fans Market, 2018-2030 (US$M)
Global Market
Related Markets
India ceiling fans market highlights
- The India ceiling fans market generated a revenue of USD 1,619.6 million in 2023 and is expected to reach USD 2,496.5 million by 2030.
- The India market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, standard was the largest revenue generating product in 2023.
- Decorative is the most lucrative product segment registering the fastest growth during the forecast period.
Ceiling fans market data book summary
| Market revenue in 2023 | USD 1,619.6 million |
| Market revenue in 2030 | USD 2,496.5 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Standard |
| Fastest growing segment | Decorative |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standard, Decorative |
| Key market players worldwide | Griffon Corp, Crompton Greaves Consumer Electricals, Craftmade International, Ferguson PLC, Big Ass Fans, Ajanta Electrical Industries, Fanimation, MegaHOME, Masco Corp |
Other key industry trends
- In terms of revenue, India accounted for 11.4% of the global ceiling fans market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ceiling fans market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,496.5 million by 2030.
In 2022, India's Bureau of Energy Efficiency (BEE), the national regulator for appliance energy performance, mandated the Standard and Labelling (S&L) program for ceiling fans. Fans were among the first appliances covered by the voluntary S&L program introduced in 2009 and are among the latest to be added to the mandatory list.
Consequently, there has been a growing focus on energy-efficient ceiling fans, with brands rushing to emphasize the energy performance of their products. As such, the energy efficiency of ceiling fans is assessed by their air delivery rate per Watt of energy consumed, known as the fan's service value, measured in cubic meters per minute per Watt (m3/min/W).
As a result, many manufacturers in the country are providing consumers with energy-efficient, highquality, and innovative products. For instance, in May 2023, Nex, a premium brand under Bajaj Electricals Limited, introduced a premium line of ceiling fans featuring Aeirology technology, delivering 20% more air thrust.
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Ceiling Fans Market Scope
Ceiling Fans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Griffon Corp | View profile | 5,700 | 712 Fifth Avenue, 18th Floor, New York, NY, United States, 10019 | www.griffon.com |
| Masco Corp | View profile | 18,000 | 17450 College Parkway, Livonia, MI, United States, 48152 | www.masco.com |
| Ferguson PLC | View profile | 36,000 | 1020 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, United Kingdom, RG41 5TS | www.fergusonplc.com |
| Crompton Greaves Consumer Electricals | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | www.crompton.co.in/ |
| Craftmade International | View profile | 101-250 | Coppell, Texas, United States, North America | www.craftmade.com/ |
| Big Ass Fans | View profile | 501-1000 | Lexington, Kentucky, United States, North America | www.bigassfans.com |
| Ajanta Electrical Industries | View profile | - | Bhopal, Madhya Pradesh, India, Asia | www.aeibhopal.com |
| Fanimation | View profile | 11-50 | Zionsville, Indiana, United States, North America | www.fanimation.com |
| MegaHOME | View profile | - | Hanoi, NA - Vietnam, Vietnam, Asia | www.megahome.vn/gioi-thieu |
India Ceiling Fans Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Ceiling Fans Market Outlook will help companies and investors design strategic landscapes.
Standard was the largest segment with a revenue share of 64.64% in 2023.
Horizon Databook has segmented the India ceiling fans market based on standard, decorative covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, India's Bureau of Energy Efficiency (BEE), the national regulator for appliance energy performance, mandated the Standard and Labelling (S&L) program for ceiling fans. Fans were among the first appliances covered by the voluntary S&L program introduced in 2009 and are among the latest to be added to the mandatory list.
Consequently, there has been a growing focus on energy-efficient ceiling fans, with brands rushing to emphasize the energy performance of their products. As such, the energy efficiency of ceiling fans is assessed by their air delivery rate per Watt of energy consumed, known as the fan's service value, measured in cubic meters per minute per Watt (m3/min/W).
As a result, many manufacturers in the country are providing consumers with energy-efficient, highquality, and innovative products. For instance, in May 2023, Nex, a premium brand under Bajaj Electricals Limited, introduced a premium line of ceiling fans featuring Aeirology technology, delivering 20% more air thrust.
- India Ceiling Fans Market Product Outlook (Revenue, USD Million , 2018-2030)
- Standard
- Decorative
- India Ceiling Fans Market Type Outlook (Revenue, USD Million , 2018-2030)
- Indoor
- Outdoor
- India Ceiling Fans Market Size Outlook (Revenue, USD Million , 2018-2030)
- Small
- Medium
- Large
- India Ceiling Fans Market Application Outlook (Revenue, USD Million , 2018-2030)
- Residential
- Commercial
- India Ceiling Fans Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Offline
- Online
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India Ceiling Fans Market, 2018-2030 (US$M)
India ceiling fans market statistics, by product, 2018-2030 (US$M)
