As per MarkNtel Advisors the Global Ceiling Fan Market size was valued at around USD12,293 million in 2024 and is projected to reach USD17,263 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.82% during the forecast period, i.e., 2025-30.
Growing Investment in Residential Sector – The residential sector is enlarging with the increase in the investment programs, such as stocks, real estate, and others, increase in the disposable income, need for housing due to the increase in white collar population, migration of rural population to urban cities for better lifestyle and economic growth, etc. The increasing economic stability of individuals has led to a significant rise in the demand for housing in countries like the US, China, India, etc. For instance, the residential sector in the United States is growing, with approximately 1.4 million building permits issued by the U.S. Department of Housing and Urban Development in January 2025. Similarly, numerous housing schemes, such as Pradhan Mantri Awas Yojana for the rural and urban areas of India, aim to offer housing to the lower-income individuals of the country.
The Delhi Development Authority (DDA), under the housing scheme Apna Ghar Awas Yojana 2025, to offer 7,500 residential units across multiple regions of the state, offering other incentives. The increasing residential units, especially in tropical countries like India, require a feasible cooling solution, such as a ceiling Fan. Thus, the increasing need for housing, growing investments in housing schemes, and the investments in luxurious estates, consequently increase the demand for ceiling fans globally.
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Asia-Pacific is dominating the market with a share of about 52%. The key reasons contributing to the market growth are the presence of advanced cooling solution providers, the emerging residential & commercial sector, its location near the equator, growing population, rapid urbanization, government support, rural electrification, etc.
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