Singapore Ceiling Fans Market, By Product Type (AC Ceiling Fans, DC Ceiling Fans), By End User (Residential, Commercial), By Sales Channel (Multi Branded Stores, Hypermarkets, E-Commerce, and Others (Exclusive Stores, Direct Sales)), By Region, Competition, Forecast & Opportunities, 2028

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Summary

Report Description

Singapore ceiling fans market was valued at USD 24.05 million in 2022 and is projected to grow at a CAGR of over 9.47% through 2028. It is anticipated to register robust growth during the forecast period. The rising construction activities, such as the development of build-to-order flats (BTO) and the changing consumer preference and shift toward energy efficient appliances are further contributing to the market growth of ceiling fans in Singapore.

Singapore Ceiling Fans Market Overview

The Singapore ceiling fan market is witnessing high demand for ceiling fans due to several factors, such as the increasingly hot and humid tropical climate, the growing trend of using energy efficient ceiling fans and government initiatives are increasing to reduce high energy consumption and carbon emissions. Ceiling fans circulate air better and use less energy than AC. Most ceiling fans are imported from China in Singapore. Continuous technological advancements are driving the growth of the market significantly.

Companies are launching smart and innovative products to meet the needs of consumers. LED lighting, enhanced connectivity, integrated voice control, UV sterilization, and improved user interface are some of the latest features to be seen in the ceiling fan industry. For example, Po Eco has launched the BLIZZARD 13 SERIES, with smart connectivity and voice control. In addition, the increasing construction of residential and commercial spaces in Singapore is also contributing to the growth of the market. For example, the growing demand for BTO apartments and condos, with smaller rooms that cannot accommodate stand fans, table fans, or coolers, requires more space, and electrical hazards, has driven demand for ceiling fans. 

Singapore Ceiling Fans Market Drivers

In order to promote green buildings and reduce the impact of global warming, the Singapore government is encouraging households to install ceiling fans in their homes. Singapore's National Environment Agency (NEA) has prohibited the supply of refrigerants with high Global Warming Potential (GHP) and is encouraging households to switch to using ceiling fans instead of air conditioners. The Building and Construction Authority (BCA) also advised people to reduce their air conditioner use and install a ceiling fan to increase air circulation in the area.

Furthermore, ceiling fans are a popular choice among middle-income households due to their cost-effectiveness and extended life span compared to air conditioners. These fans are efficient in circulating air and creating a cooling environment, as they increase the evaporation of sweat and the exchange of heat through convection, both of which are energy-saving factors. This has contributed to the rapid growth of the Singapore ceiling fan market. In the last few years, the market trend in Singapore has shifted toward DC motors because of the energy efficiency and the size compactness of the DC motor. Compared to the AC motor, the DC motor can save up to 70 % more energy. Therefore, most of the ceiling fan in Singapore is equipped with DC motor.

Some of the main benefits of a DC motor is that it produces less noise. The remote control of the DC motor can have up to 6 different speed options. Different blade designs of DC motor help in generating maximum efficiency. Most of the ceiling fan motors available in the market in Singapore come with a minimum of 10-year and a maximum of lifetime warranty.

Singapore Ceiling Fans Market Trends

Ceiling fans have gone beyond their functional purpose and are now considered an essential part of interior design. While traditional ceiling fans with wood blades are still in demand, the trend is shifting to fans with other materials like acrylic, plastic, or metal blades. Various shapes and sizes of the blades are introduced to enhance the airflow and efficiency while also enhancing the interior design of the home. Ceiling fan manufacturers are now offering a variety of innovative models to meet different décor preferences and personalization requirements of consumers.

Ceiling fans have become increasingly popular among consumers in Singapore due to the availability of an extensive range of online shopping platforms. These platforms provide consumers with the convenience of browsing and comparing various ceiling fans, reading customer reviews, and making purchasing decisions without having to visit physical stores, allowing them to purchase products from the convenience of their own homes. Furthermore, these platforms offer a wider selection of ceiling fans from a variety of brands and manufacturers and are often associated with exclusive discounts and other offers to draw in customers. As a result, the popularity of e-commerce for purchasing ceiling fans has increased.

Singapore Ceiling Fans Market Challenges

The Singapore ceiling fan market is facing strong competition from air conditioners as the temperature continues to rise, prompting many individuals to opt for air conditioners for efficient cooling. Furthermore, the National Environment Agency (MSS) reports that Singapore's average annual relative humidity reaches up to 100 percent during periods of heavy rainfall, further driving the preference for air conditioners. Unlike air conditioners, ceiling fans do not offer temperature control but instead create a cooling breeze. Air conditioners, however, offer a degree of control over the temperature, allowing users to select their desired level of comfort, particularly in environments where a specific temperature is essential.


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Recent Developments

  • In 2020, during the COVID-19 pandemic, Vortec introduced a bladeless ceiling fan with a UV light source & LED lamp. UV light source helps in killing microorganisms such as viruses and bacteria, which helps in controlling the spread of airborne diseases in small spaces.
  • In 2022 PRISM+ introduced the “PRISM+ oasis smart ceiling fan”, which is equipped with a fully adjustable 20W Osram led light, smartphone integration, and high-performance airflow control.

Market Opportunities

  • Governments worldwide are increasingly concerned about the effects of global warming, particularly in Singapore. The widespread use of Heating, Ventilation, and Air Conditioning (HVAC) systems is contributing to a rise in energy and greenhouse gas consumption. To address this issue, the commercial sector is in high demand for energy-efficient ceiling fans. This type of fan is being installed in a variety of commercial settings, including Food and Beverage (F&B) outlets, hospitals, hotels, and resorts.
  • The Government of Singapore has been encouraging companies to set up High Technology Production Facility (HTPF) in order to promote technological advancements in production. Various government initiatives have been implemented to attract investment in production. These include tax incentives, grants, financing schemes, and collaboration with research and development institutes. Technological innovation and globalization have revolutionized the market over the past few decades. As a result, Singapore has embraced Industry 4.0. The city-state is shifting its industrial base higher up the value chain to consolidate its position as a world-class industrial hub for companies.

Market Segmentation

The Singapore ceiling fans market is segmented by product type, end user, sales channel, and region. Based on product type, the market is fragmented into AC ceiling fans and DC ceiling fans. Based on end user the market is divided into residential, and commercial. Further, based on distribution channels, the market is divided into multi-branded stores, hypermarkets, e-commerce, and others. Based on region, the market is divided into North-East, Central, North, East, And West.

Company Profiles

Fanco Fan Marketing Pte. Ltd., Capital Distributors Pte Ltd. (KDK), Alaska Fan House Pte Ltd, Crestar Enterprise Pte Ltd, Triple D Trading Pte. Ltd. (Bestar Fans), Aeroair Marketing Singapore Pte Ltd, Winfinity Electric Pte. Ltd (Fanztec), Spin Pte Ltd, Acorn Marketing & Services Pte Ltd, and Mexlink International Pte Ltd (Decco) are some of the major players in the Singapore ceiling fans market.

Attribute

Details

Market Size Value in 2022

USD24.05 Million

Revenue Forecast in 2031

USD40.69 Million

Growth Rate

9.47%

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Value in USD Million, Volume in Thousands, CAGR for 2018-2022 and 2023-2028

Report Coverage

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

Segments Covered

Product Type

End User

Distribution Channel

Region

Regional Scope

North-East, Central, North, East, West

Key Companies Profiled

Fanco Fan Marketing Pte. Ltd., Capital Distributors Pte Ltd. (KDK), Alaska Fan House Pte Ltd, Crestar Enterprise Pte Ltd, Triple D Trading Pte. Ltd. (Bestar Fans), Aeroair Marketing Singapore Pte Ltd, Winfinity Electric Pte. Ltd (Fanztec), Spin Pte Ltd, Acorn Marketing & Services Pte Ltd, Mexlink International Pte Ltd (Decco)

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/Word format on special request)


Report Scope:

In this report, the Singapore ceiling fans market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Singapore Ceiling Fans Market, By Product Type:
    • AC Ceiling Fans
    • DC Ceiling Fans
  • Singapore Ceiling Fans Market, By End User:
    • Residential
    • Commercial
  • Singapore Ceiling Fans Market, By Sales Channel:
    • Multi Branded Stores
    • Hypermarkets
    • E-Commerce
    • Others (Exclusive Stores, Direct Sales, etc.)
  • Singapore Ceiling Fans Market, By Region:
    • North-East
    • Central
    • West
    • East
    • North

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Singapore Ceiling 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 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 and 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 Customers

4.1.  Brand Awareness

4.2.  Factors Affecting Purchase Decision

4.3.  Challenges Faced Post Purchase

4.4.  Satisfaction Level

5.    Singapore Ceiling Fans Market Outlook  

5.1.  Market Size & Forecast

5.1.1.         By Value & Volume

5.2.  Market Share & Forecast

5.2.1.         By Type Market Share Analysis (AC Ceiling Fans, DC Ceiling Fans)

5.2.2.         By End User Market Share Analysis (Residential, Commercial)

5.2.3.         By Sales Channel Market Share Analysis (Multi Branded Stores, Hypermarkets, E-commerce, Others (Exclusive Stores, Direct Sales, etc.))

5.2.4.         By Regional Market Share Analysis

5.2.4.1. North-East Market Analysis

5.2.4.2. Central Market Share Analysis

5.2.4.3. North Market Share Analysis

5.2.4.4. East Market Share Analysis

5.2.4.5. West Market Share Analysis

5.2.5.         By Company Market Share Analysis

5.3.  Singapore Ceiling Fans Market Mapping & Opportunity Assessment

5.3.1.         By Product Type Market Mapping Opportunity Assessment

5.3.2.         By End User Market Mapping & Opportunity Assessment

5.3.3.         By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.         By Region Market Mapping & Opportunity Assessment

6.    Singapore AC Ceiling Fans Market Outlook

6.1.  Market Size & Forecast          

6.1.1.         By Value & Volume

6.2.  Market Share & Forecast

6.2.1.         By End User Market Share Analysis

6.2.2.         By Sales Channel Market Share Analysis

7.    Singapore DC Ceiling Fans Market Outlook

7.1.  Market Size & Forecast          

7.1.1.         By Value & Volume

7.2.  Market Share & Forecast

7.2.1.         By End User Market Share Analysis

7.2.2.         By Sales Channel Market Share Analysis

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

10.  Porter’s Five Forces Model

10.1.              Bargaining Power of Suppliers

10.2.              Bargaining Power of Buyers

10.3.              Threat of Substitutes

10.4.              Threat of New Entrants

10.5.              Competitive Rivalry

11.  SWOT Analysis

11.1.              Strengths

11.2.              Weaknesses

11.3.              Opportunities

11.4.              Threats

12.  Policy and Regulatory Landscape

13.  Singapore Economic Profile

14.  Competitive Landscape (Top 10 Companies)

14.1.              Company Profiles

14.1.1.      Fanco Fan Marketing Pte Ltd.

14.1.1.1.              Company Details

14.1.1.2.              Products

14.1.1.3.              Key Market Focus & Geographical Presence

14.1.1.4.              Recent Developments

14.1.1.5.              Key Management Personnel

14.1.2.      Capital Distributors Pte Ltd.  (KDK)

14.1.2.1.              Company Details

14.1.2.2.              Products

14.1.2.3.              Key Market Focus & Geographical Presence

14.1.2.4.              Recent Developments

14.1.2.5.              Key Management Personnel

14.1.3.      Alaska Fan House Pte Ltd

14.1.3.1.              Company Details

14.1.3.2.              Products

14.1.3.3.              Key Market Focus & Geographical Presence

14.1.3.4.              Recent Developments

14.1.3.5.              Key Management Personnel

14.1.4.      Crestar Enterprise Pte Ltd.

14.1.4.1.              Company Details

14.1.4.2.              Products

14.1.4.3.              Key Market Focus & Geographical Presence

14.1.4.4.              Recent Developments

14.1.4.5.              Key Management Personnel

14.1.5.       Triple D Trading Pte. Ltd. (Bestar)

14.1.5.1.              Company Details

14.1.5.2.              Products

14.1.5.3.              Key Market Focus & Geographical Presence

14.1.5.4.              Recent Developments

14.1.5.5.              Key Management Personnel

14.1.6.      Aeroair Marketing Singapore Pte Ltd

14.1.6.1.              Company Details

14.1.6.2.              Products

14.1.6.3.              Key Market Focus & Geographical Presence

14.1.6.4.              Recent Developments

14.1.6.5.              Key Management Personnel

14.1.7.      Winfinity Electric Pte. Ltd (Fanztec)

14.1.7.1.              Company Details

14.1.7.2.              Products

14.1.7.3.              Key Market Focus & Geographical Presence

14.1.7.4.              Recent Developments

14.1.7.5.              Key Management Personnel

14.1.8.      Spin Pte Ltd

14.1.8.1.              Company Details

14.1.8.2.              Products

14.1.8.3.              Key Market Focus & Geographical Presence

14.1.8.4.              Recent Developments

14.1.8.5.              Key Management Personnel

14.1.9.      Acorn Marketing & Services Pte Ltd

14.1.9.1.              Company Details

14.1.9.2.              Products

14.1.9.3.              Key Market Focus & Geographical Presence

14.1.9.4.              Recent Developments

14.1.9.5.              Key Management Personnel

14.1.10.    Mexlink International Pte Ltd (Decco)

14.1.10.1.            Company Details

14.1.10.2.            Products

14.1.10.3.            Key Market Focus & Geographical Presence

14.1.10.4.            Recent Developments

14.1.10.5.            Key Management Personnel

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Figure 1: Singapore Ceiling Fans Market Size, By Value (USD Million) and By Volume (Thousand Units), 2018-2028F

Figure 2: Singapore Ceiling Fans Market Share, By Product Type, By Volume, 2018–2028F

Figure 3: Singapore Ceiling Fans Market Share, By End User, By Volume, 2018–2028F

Figure 4: Singapore Ceiling Fans Market Share, By Sales Channel, By Volume, 2018–2028F

Figure 5: Singapore Ceiling Fans Market Share, By Region, By Volume, 2018–2028F

Figure 6: Singapore Ceiling Fans Market Share, By Company, By Value, 2022

Figure 7: Singapore Ceiling Fans Market Map, By Product Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 8: Singapore Ceiling Fans Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2022

Figure 9: Singapore Ceiling Fans Market Map, By Sales Channel, Market Size (USD Million) & Growth Rate (%), 2022

Figure 10: Singapore Ceiling Fans Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 11: Singapore AC Ceiling Fans Market Size, By Value (USD Million) and By Volume (Thousand Units), 2018-2028F

Figure 12: Singapore AC Ceiling Fans Market Share, By End User, By Volume, 2018–2028F

Figure 13: Singapore AC Ceiling Fans Market Share, By Sales Channel, By Value, 2018–2028F

Figure 14: Singapore DC Ceiling Fans Market Size, By Value (USD Million) and By Volume (Thousand Units), 2018-2028F

Figure 15: Singapore DC Ceiling Fans Market Share, By End User, By Volume, 2018–2028F

      Figure 16: Singapore DC Ceiling Fans Market Share, By Sales Channel, By Volume, 2018–2028F

Frequently asked questions

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In the Singapore ceiling fans market, the market is witnessing high demand and is growing at a CAGR of 9.47% owing to the rising awareness among consumers towards energy-efficient appliances, government push toward ceiling fan use in residential and commercial buildings is also contributing to the market growth.

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The Singapore ceiling fans are expected to witness growth in the coming years owing to various trends, such as the launch of smart ceiling fans, and rising consumer interest.

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The presence of air conditioners gives tough competition to the existence of ceiling fans as Singapore is a highly humid country. Thus, consumers prefer air conditioners for effective cooling which creates resistance to the growth of ceiling fans market growth.

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Fanco Fan Marketing Pte. Ltd., Capital Distributors Pte Ltd. (KDK), Alaska Fan House Pte Ltd, Crestar Enterprise Pte Ltd, Triple D Trading Pte. Ltd. (Bestar Fans), Aeroair Marketing Singapore Pte Ltd, Winfinity Electric Pte. Ltd (Fanztec), Spin Pte Ltd, Acorn Marketing & Services Pte Ltd, and Mexlink International Pte Ltd (Decco) are some of the leading players in the Singapore ceiling fans market.

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Parvati Sharma

Account Manager BD
Press Release

Singapore Ceiling Fans Market to Grow at 9.47% CAGR through 2028

Jul, 2023

The Singapore ceiling fans market is witnessing high growth due to the increasing preference for energy-efficient appliances among consumers and the rising construction activities in the country.

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