$49.6 Million Worldwide Smart Ceiling Fans Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, Oct. 2, 2020 /PRNewswire/ -- The "Smart Ceiling Fans - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 9th edition of this report. The 112-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Smart Ceiling Fans Market to Reach $49.6 Million by 2027

Amid the COVID-19 crisis, the global market for Smart Ceiling Fans estimated at US$34.8 Million in the year 2020, is projected to reach a revised size of US$49.6 Million by 2027, growing at a CAGR of 5.2% over the period 2020-2027.

Residential, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$40.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 5.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $10.3 Million, While China is Forecast to Grow at 5% CAGR

The Smart Ceiling Fans market in the U.S. is estimated at US$10.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.8 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Competitors identified in this market include, among others:

• Big Ass Fans
• Emerson Electric Co.
• Fanimation
• Havells India Ltd.
• Hunter Fan Co.
• Insteon
• LG Electronics, Inc.
• Minka Lighting, Inc.
• Modern Forms
• Oceco Energy Pvt., Ltd.
• Orient Electric Limited
• Ottomate International

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Smart Ceiling Fans Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of COVID-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/jkuqm4

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SOURCE Research and Markets