Report Description

The India electric fans market is anticipated to be driven by development of new product launches with smart functions, which has accelerated the growth of the electric fans industry throughout the anticipated time frame.

This is further supported by a number of initiatives taken by the Government of India (GoI) to develop smart cities nationwide and expand housing projects. Moreover, Government schemes such as the Integrated Power Development Scheme (IPDS) and the Deendayal Upadhyaya Gram Jyoti Yojna (DDUGJY) are expected to have a positive impact on the country's electric fans market during the forecast period. In keeping with this, improved access to electricity particularly in rural regions and enhancing the power distribution and sub-transmission systems in urban areas, is driving the market's expansion.

A substantial demand for fans with aesthetically pleasing designs and smart capabilities, such as voice control and remote connectivity through smart devices, is also being generated by the expanding disposable incomes, which is increasing the overall product sales. Significant increase in the retail and hospitality industries, in addition to the simple accessibility of premium product types such as lighting fans through online shopping channels, are other drivers driving market expansion.

Advancement of New Product Launches Drive the Fan Industry

New product advancements, including new and distinct features in fans such as IoT-enabled, which means one may control the speed, settings, timer, integrated illumination, and many other features of an IoT-enabled fan. Thus, all of the preceding factors help to drive the growth of the electric fan market. As a result, key market players are focusing on introducing new products and expanding their product portfolio in order to meet rising demand. For instances, in 2021, Havells introduced a new line of fans, including the Stealth Puro Air ceiling fan, which features 3-stage filtration and air purification benefits. The company is also expanding its premium fan lineup with the introduction of the Havells Fanmate, a portable fan equipped with carbon filters. Similarly, Havells India's market share in the overall fans segment is estimated to be 19-20%. Similarly, in 2022, Xiaomi India introduced a new IoT fan product. The business has introduced a brand-new standing fan named the Xiaomi Standing Fan 2. The Xiaomi Standing Fan 2 is a natural cool breeze solution for people who are looking for a solution to beat the heat. The smart fan provides all-around cooling with 7+5 wing-shaped blades, 100 levels of speed, and voice control support. The market for electric fans is anticipated to expand in the upcoming years as individuals become more cautious about utilizing new technology..

Shifting Toward Energy-Saving Inverter Technology Aid Market Expansion

The electric fan sector is gradually transitioning to inverter technology by producing fans that can also operate on low voltage and solar energy. With over 90 million fans in households, Indians primarily use ceiling fans as their primary source of cooling. It is, however, one of the major energy consumers, accounting for nearly 25% of household energy consumption in India. With recent changes in energy efficiency policy and company launches, a slew of energy efficient ceiling fans is entering the market, assisting customers in lowering their energy bills. Considering that most Indian households have at least three ceiling fans, switching to an energy-efficient model can save up to Rs 5000 on one's annual electricity bill. The most energy-efficient ceiling fans available in the market have BLDC (Brushless Direct Current) motors, which require less maintenance, produce less heat, and run quieter than standard induction motor fans. IoT-enabled and 50% more energy-efficient inverter fans have been added by Orient Electric Limited to its portfolio of premium fans.

Rising Demand in Tire 1 and Tire 2 Cities Boost Market Growth

Rapid urbanization and the rising number of new residential construction projects are the two main factors driving the electric fans market in India. With more people looking for new homes and developers starting new projects, this has been more clearly seen in the real estate industry. The top six metropolitan areas' real estate markets saw the debut of 81,000 new projects in the first quarter of 2022 alone, representing a whopping 68% increase. The number of new project launches in the top six cities of Gurugram, Noida, MMR, Pune, Hyderabad, and Bengaluru increased by a nearly 50 % during the first quarter of 2022. MMR (Mumbai Metropolitan Region) and Bengaluru, which both have a 92% and 84% change in the number of new project launches, show the most percentage change among the six cities. As a result of increase in the number of new residential project launches in these cities have a significant growth in the electric fan market over the projected period.


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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.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Million Units and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

End User

Distribution Channel

Region

Company

Regional Scope

North, South, East, West

Key Companies Profiled

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

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

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:

o   Ceiling Fans

o   Table Fans

o   Pedestal Fans

o   Wall Fans

o   Exhaust Fans

·         India Electric Fans Market, By End User:

o   Residential

o   Commercial & Industrial

·         India Electric Fans Market, By Distribution Channel

o   Multi-Branded Stores

o   Supermarkets & Hypermarkets

o   Online

o   Exclusive Stores

o   Others   

·         India Electric Fans Market, By Region:

o   North

o   South

o   East

o   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).

India Electric Fans Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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 Company Market Share Analysis (Top 5 Companies) 

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

21.  Strategic Recommendations/Action Plan

21.1.              Key Focus Areas

21.2.              Target Regions

21.3.              Target Type

21.4.              Target End User

21.5. Target Distribution Channel

22.   About Us & Disclaimer

  (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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The India Electric Fans market is primarily driven by the rising number of residential sectors, as well as the increasing consumer preference for energy saving products.

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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 some of the key players in the market.

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The three-bladed ceiling fan is more appealing in terms of design and aesthetics than the five-bladed ceiling fan. However, because the distance between the blades is closer, the wind produced by the five blades is more consistent.

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There are various trends that are boosting the market for electric fans in India, such as the growing demand for smart fans with features such as Internet of Things compatibility and sleep mode.

profile

Parvati Sharma

Account Manager BD
Press Release

The India Electric Fans Market to be Fueled by Ceiling Fans to Grow During the Forecast Period

Mar, 2023

Energy-saving inverter technology is becoming more prevalent and rising residential construction is expected to drive the growth of the India electric fans market.