The global smart ceiling fans market is expected to grow by USD 59.74 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 2%.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005496/en/
Technavio has announced its latest market research report titled Global Smart Ceiling Fans Market 2020-2024 (Graphic: Business Wire)
For the Right Perspective & Competitive Insights- Request Free Sample Report on Pandemic Recovery Analysis
Read the 120-page report with TOC on "Smart Ceiling Fans Market Analysis Report by End-user (Residential and Commercial), Geography (APAC, North America, Europe, South America, and MEA), Distribution channel (Offline and Online), and the Segment Forecasts, 2020-2024". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/smart-ceiling-fans-market-industry-analysis
The smart ceiling fans market is driven by new product launches. In addition, the introduction of smart bladeless ceiling fans is anticipated to boost the growth of the smart ceiling fans market.
Vendors in the market are focusing on the development of new smart ceiling fans with innovative features to expand their product portfolios. For instance, in September 2019, LG Electronics Inc. launched IoT-enabled ceiling fans with LED displays in India. The product featured an advanced inverter motor that offers increased durability, safety, and reliability. Also, these smart ceiling fans were equipped with Wi-Fi and compatible with Google Assistant and Amazon Alexa. Similarly, in January 2020, Luxaire launched Lux 5130, an IoT-enabled smart fan with brushless DC motor technology, remote-control operation, reverse rotation, and various fan speed modes. The product can be controlled through an app and voice assistants such as Google Assistant and Amazon Alexa. Such innovative product launches are helping vendors attract new customers and increase their market share. This is one of the key factors driving the growth of the global smart ceiling fans market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Smart Ceiling Fans Companies:
Delta T LLC
Delta T LLC operates its business through a unified segment. The company offers smart ceiling fans such as Haiku.
Fanimation operates its business through a unified segment. The company offers a wide range of smart ceiling fans such as Spitfire, SculptAire, TriAire Custom 72, among others.
Havells India Ltd.
Havells India Ltd. operates its business through segments such as Switchgears, Cables, Lighting and Fixtures, Electrical Consumer Durables, and Lloyd Consumer. The company offers a wide range of smart ceiling fans such as 1200 mm Pearl Brown-LT Copper FHCCNPMPBT48, 1200 mm Pearl White-LT Copper FHCCNPMPLC48, and 1200 mm Pearl White Gold FHCCNPMPWG48, under its brand CARNESIA I.
Honeywell International Inc.
Honeywell International Inc. operates its business through segments such as Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The company offers smart ceiling fan products such as Honeywell Rio Ceiling Fan, Brushed Nickel Finish.
Hunter Fan Co.
Hunter Fan Co. operates its business through segments such as Ceiling Fans, Ceiling Lights, and Accessories. The company offers Hunter SIMPLEconnect Wi-Fi fan, whose speed and dimmable light can be controlled with the SIMPLEconnect app.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Smart Ceiling Fans Market End-user Outlook (Revenue, USD Million, 2020-2024)
Smart Ceiling Fans Market Geography Outlook (Revenue, USD Million, 2020-2024)
Smart Ceiling Fans Market Distribution channel Outlook (Revenue, USD Million, 2020-2024)
Are you a start-up willing to make it big in the business? Grab an exclusive Report
Related Reports on Industrials Include:
Global Commercial Kitchen Ventilation Systems Market – Global commercial kitchen ventilation systems market by product (wall-mounted canopy hoods, proximity hoods, and island canopy hoods), type (Type I hood and Type II hood), and geography (North America, APAC, Europe, South America, and MEA).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200921005496/en/