Market Forecast By Product Type (Standard Fan, Decorative Fan, High Speed Fan, Energy Saving Fan, Others, ), By Fan Size (Small, Medium, Large), By Distribution Channel (Offline, Online, ), By End Use (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC286284 | Publication Date: Aug 2023 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India Ceiling Fan market currently, in 2023, has witnessed an HHI of 4125, Which has decreased moderately as compared to the HHI of 7289 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Ceiling Fan Market |
Forecast period | 2025-2031 |
CAGR | 9% |
Growing Sector | Residential Sector |
The India Ceiling Fan Market Report thoroughly covers the market by product type, fan size, distribution channel, and end use. The India Ceiling Fan Market Outlook report provides an unbiased and detailed analysis of the ongoing India Ceiling Fan Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India ceiling fan market is expected to continue to grow in the coming years with increasing levels of urbanization and rising temperatures in the region. The growth of the market will be propelled further by government initiatives such as rural electrification programs and energy-efficient schemes.
According to 6Wresearch, the India Ceiling Fan Market size is anticipated to rise at a CAGR of 9% during 2025-2031. The India ceiling fan market is primarily driven by the rising temperatures in the country. With India facing increasingly hot summers, especially in the North and West regions, the demand for fans has seen a steady rise. Additionally, increasing household income levels have enabled consumers to invest in better quality products such as premium fans, which offer more features and better air delivery. Increasing population and rapid urbanization are also contributing to the demand for fans, particularly in Tier II and Tier III cities. The rising trend of urbanization and rising purchasing power are driving the demand for more premium and designer fans. These factors are stimulating the India Ceiling Fan Market growth.
One of the biggest challenges is the presence of low-cost, unbranded products. These products make it difficult for branded companies to compete on price and often created brand confusion among customers. Additionally, the ceiling fan market is heavily reliant on imports from China, making it difficult for suppliers to maintain profit margins due to import duties.
A key player in the Indian ceiling fan market is Crompton Greaves Consumer Electricals Limited. The company is one of the largest manufacturers of consumer electrical products, including ceiling fans, in India. Another major player in the market is Havells India Ltd, which offers a wide range of fans, including ceiling, exhaust, and table fans. Other notable companies in the market include Usha International Limited, Orient Electric Limited, and Surya Roshni Limited, among others.
The Indian government has been taking various initiatives to support the growth of the ceiling fan market. One such initiative is the UJALA (Unnat Jyoti by Affordable LEDs for All) scheme, launched in 2015, which aimed to replace all incandescent bulbs and old-fashioned tube lights with energy-efficient LED bulbs in Indian households. This scheme’s success was utilized to implement the UJALA program for ceiling fans under which ceiling fans had to be sold to the public at a discounted price.
The future of this market looks bright, with technological advancements, local manufacturers entering the industry, and rising disposable incomes driving demand. The industry has remained resilient even with the competition from air conditioning units. Consumers in India still prefer the use of ceiling fans as they are cost-effective, and eco-friendly, and view air conditioning units as unhealthy. The government's support through energy-efficient schemes as well as standards, combined with an extensive distribution network for the manufacturers.
According to Rajneesh, Senior Research Analyst, 6Wreserach, the standard fan segment continues to hold a dominant position in the India ceiling fan market. These fans are the most commonly used type, and they are affordable, efficient, as well as durable.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ceiling Fan Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ceiling Fan Market Revenues & Volume, 2021 & 2031F |
3.3 India Ceiling Fan Market - Industry Life Cycle |
3.4 India Ceiling Fan Market - Porter's Five Forces |
3.5 India Ceiling Fan Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Ceiling Fan Market Revenues & Volume Share, By Fan Size, 2021 & 2031F |
3.7 India Ceiling Fan Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 India Ceiling Fan Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India Ceiling Fan Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Ceiling Fan Market Trends |
6 India Ceiling Fan Market, By Types |
6.1 India Ceiling Fan Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Ceiling Fan Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India Ceiling Fan Market Revenues & Volume, By Standard Fan, 2021 - 2031F |
6.1.4 India Ceiling Fan Market Revenues & Volume, By Decorative Fan, 2021 - 2031F |
6.1.5 India Ceiling Fan Market Revenues & Volume, By High Speed Fan, 2021 - 2031F |
6.1.6 India Ceiling Fan Market Revenues & Volume, By Energy Saving Fan, 2021 - 2031F |
6.1.7 India Ceiling Fan Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.8 India Ceiling Fan Market Revenues & Volume, By , 2021 - 2031F |
6.2 India Ceiling Fan Market, By Fan Size |
6.2.1 Overview and Analysis |
6.2.2 India Ceiling Fan Market Revenues & Volume, By Small, 2021 - 2031F |
6.2.3 India Ceiling Fan Market Revenues & Volume, By Medium, 2021 - 2031F |
6.2.4 India Ceiling Fan Market Revenues & Volume, By Large, 2021 - 2031F |
6.3 India Ceiling Fan Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Ceiling Fan Market Revenues & Volume, By Offline, 2021 - 2031F |
6.3.3 India Ceiling Fan Market Revenues & Volume, By Online, 2021 - 2031F |
6.3.4 India Ceiling Fan Market Revenues & Volume, By , 2021 - 2031F |
6.4 India Ceiling Fan Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 India Ceiling Fan Market Revenues & Volume, By Residential, 2021 - 2031F |
6.4.3 India Ceiling Fan Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.4.4 India Ceiling Fan Market Revenues & Volume, By Industrial, 2021 - 2031F |
7 India Ceiling Fan Market Import-Export Trade Statistics |
7.1 India Ceiling Fan Market Export to Major Countries |
7.2 India Ceiling Fan Market Imports from Major Countries |
8 India Ceiling Fan Market Key Performance Indicators |
9 India Ceiling Fan Market - Opportunity Assessment |
9.1 India Ceiling Fan Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Ceiling Fan Market Opportunity Assessment, By Fan Size, 2021 & 2031F |
9.3 India Ceiling Fan Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 India Ceiling Fan Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India Ceiling Fan Market - Competitive Landscape |
10.1 India Ceiling Fan Market Revenue Share, By Companies, 2024 |
10.2 India Ceiling Fan Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |