India being a tropical climate country, fan is an indispensable for every property. Fans are now everywhere as compare to the air conditioner. From 17th to 21st-century fans has been a great source of cooler air circulation. India's Electric fan market is mostly ruled by the organized and unorganized market which has given a vast range of electric fans. The emergence of competition between organized and unorganized players has also lead to change in the dynamics of the industry. However, growth in terms of revenue and volume has been greatly witnessed by the organized market. The unorganized market has mostly catered to the rural market, revenue from the unorganized market incurred more than INR 1500 crore for the current fiscal year. Fans are a healthier cooling solution compared to other options as they circulate fresh and clean air when users keep doors and windows open which ensures proper ventilation. Jain focuses on the nuances of the changing technologies and norms in the industry, in the conversation.
Fans help to lower down the temperature, controlling humidity while providing energy-efficient benefits. From the floor fans to tower fans, there is a range of fans in the market. India electric fans have mostly four types which are very common are ceiling fans, table fans, Pedestal fans, Wall fans. According to the report titled “India Electric Fan Market Research Report, 2027-28” by Actual Market Research the revenue grew historically at a CAGR of nearly 7% during the period 2016-17 to 2021-22. The implementation of Government schemes to increase the penetration of electricity in India would give a hike to the consumption of Electric fans in India. According to the region, though south India would lead the in the market however west India would show a robust increase in its market share. As there is an increase in purchasing power by consumers, demand for premium fans has been more. The organized fan market is dominated by Crompton Greaves, Havells, Orient, Usha, Bajaj, Khaitan Electricals dominates the market. These national brands have built their brand image over a period of time, through continuous advertising and a good dealer network. Companies are widening their modern trade market network to penetrate with better space. The companies have also launched fans at affordable prices which have affected the unorganized market growth rate. The organized market has three price segments viz. Economy fans are those whose price is lower than Rs.1500, Regular fans range from Rs.1500-2500 and Premium fans are above Rs. 2500 for a single fan. Among them, regular fans have the largest market share. With the changing lifestyle of people and increase of disposable income demand for Premium fans creating its unique space in an India Electric market. The unorganized market does not have these price segments.
BLDC (Brushless Direct Current) technology or BLDC motor, in general, has been on the market for decades and is used widely in many electrical appliances. However, until recently, the technology wasn’t used in ceiling fans. Conventional fans with induction motors usually consume 70-75 watts of power. However, BLDC fans consume half as much power. Thus, a household with 4 conventional fans can save approximately Rs. 7000 annually on its electricity bill by switching to BLDC fans. With millions of ceiling fans sold annually in India, potential energy and cost savings are huge along with a significant reduction in carbon footprint. Unlike normal induction motor-based fans, BLDC fans come with Brushless electronic DC motor that uses permanent magnets. The use of BLDC motor eliminates friction, motor noise, and sparks that usually occur in the case of normal fans due to continuous contact of brushes with commutators. Since the wear and tear are eliminated, BLDC motors have a longer service life compared to typical induction motors.
Key product type
• Ceiling Fans
• Table Fans
• Pedestal Fans
• Wall Fans
• Others types of fans(Exhaust Fans,Multi-Utility fans,etc)
Considered in the report
• Geography: India
• Base year: 2021-22
• Historical year: 2016-17
• Forecasted year: 2027-28
15.2. Frequent Launches of New & Innovative Formats (Fan)
15.3. Players Cashing On Untapped Rural Markets
15.4. Growing Online Shopping for Household Products
16. Competitive Landscape
16.1. Competitive Dashboard
16.2. Porter`s Five Forces
16.3. Company Profiles
16.3.1. Crompton Greaves Limited.
16.3.1.1. Company Snapshot
16.3.1.2. Company Overview
16.3.1.3. Financial Highlights
16.3.1.4. Geographic Spread and Distribution network
16.3.1.5. Business Segment & Performance
16.3.1.6. Product Portfolio
16.3.1.7. Key Executives
16.3.1.8. Strategic Moves & Developments
16.3.2. Usha International Limited.
16.3.3. Orient Electric Limited
16.3.4. Havells India Limited
16.3.5. Bajaj Electricals Limited
16.3.6. Khaitan Electricals Limited
16.3.7. Surya Roshni Limited
16.3.8. Panasonic Life Solution India Private Limited.
16.3.9. Vishva Electrotech Limited.
16.3.10. Luminous Power Technologies Limited
17. Strategic Recommendation’s
18. Disclaimer
List of Figures
Figure 1: India Population 2017-2021( In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Electric Fan Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 5: India Electric Fan Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 6: India Electric Fan Market Share By Value, By Region,( 2016-2017, 2021-22 & 2027-28F)
Figure 7: India Organized Electric Fan Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 8: India Organize Electric Fan Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 9: India Unorganized Electric Fan Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 10: India Unorganized Electric Fan Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 11: Competitive Dashboard of top 5 players, 2021
Figure 12: Porter's Five Forces of India Electric Fan Market
Figure 13: Market attractiveness Index, By Region 2027
Figure 14: Market attractiveness Index, By Segment 2027
List of Table
Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: India Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 4: India Organized Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 5: India Organized Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 6: India Organized Electric Fan market Share By Company (2016-17, 2021-22 & 2027-28F)
Table 7: India Unorganized Electric Fan market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 8: India Ceiling Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
Table 9: India Ceiling Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
Table 10: India Table Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
Table 11: India Table Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
Table 12: India Pedestal Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
Table 13: India Pedestal Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
Table 14: India Wall Fan market Size By Value (2016-17, 2021-22 & 2027-28F)
Table 15: India Wall Fan market Size By Volume (2016-17, 2021-22 & 2027-28F)
Table 16: HS Code for Electric Fan Market in India 2021
Table 17: Import Duty Structure for HS Code XXXX in India 2021
Table 18: Import of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 19: Import of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
Table 20: Export of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table21: Export of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
Table 22 : Influencing Factors for India Electric Fan Market, 2021
Featured Companies
1. Bajaj Electricals Limited
2. Havells India Limited
3. Khaitan Electricals Limited
4. Luminous Power Technologies Private Limited
5. Orient Electric Limited
6. Panasonic India Private Limited
7. Surya Roshni Limited
8. Usha International Limited
9. Crompton Greaves Consumer Electricals Limited
10. Vishva Electrotech Limited.
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Frequently Asked Questions ?
The unorganized market has mostly catered to the rural market, revenue from the unorganized market incurred more than INR 1500 crore for the current fiscal year.
the revenue from ceiling fans is growing with a CAGR of more than 11% from the last five years.
India Electric Fan Market is going to cross the market size of INR 15000 Crore by the year 2026- Actual Market Research
Featured Companies
1. Bajaj Electricals Limited
2. Havells India Limited
3. Khaitan Electricals Limited
4. Luminous Power Technologies Private Limited
5. Orient Electric Limited
More...
India being a tropical climate country, fan is an indispensable for every property. Fans are now everywhere as compare to the air conditioner. From 17th to 21st-century fans has been a great source of cooler air circulation. India's Electric fan market is mostly ruled by the organized and unorganized market which has given a vast range of electric fans. The emergence of competition between organized and unorganized players has also lead to change in the dynamics of the industry. However, growth in terms of revenue and volume has been greatly witnessed by the organized market. The unorganized market has mostly catered to the rural market, revenue from the unorganized market incurred more than INR 1500 crore for the current fiscal year. Fans are a healthier cooling solution compared to other options as they circulate fresh and clean air when users keep doors and windows open which ensures proper ventilation. Jain focuses on the nuances of the changing technologies and norms in the industry, in the conversation. Fans help to lower down the temperature, controlling humidity while providing energy-efficient benefits. From the floor fans to tower fans, there is a range of fans in the market. India electric fans have mostly four types which are very common are ceiling fans, table fans, Pedestal fans, Wall fans. According to the report titled “India Electric Fan Market Research Report, 2027-28” by Actual Market Research the revenue grew historically at a CAGR of nearly 7% during the period 2016-17 to 2021-22. The implementation of Government schemes to increase the penetration of electricity in India would give a hike to the consumption of Electric fans in India. According to the region, though south India would lead the in the market however west India would show a robust increase in its market share. As there is an increase in purchasing power by consumers, demand for premium fans has been more. The organized fan market is dominated by Crompton Greaves, Havells, Orient, Usha, Bajaj, Khaitan Electricals dominates the market. These national brands have built their brand image over a period of time, through continuous advertising and a good dealer network. Companies are widening their modern trade market network to penetrate with better space. The companies have also launched fans at affordable prices which have affected the unorganized market growth rate. The organized market has three price segments viz. Economy fans are those whose price is lower than Rs.1500, Regular fans range from Rs.1500-2500 and Premium fans are above Rs. 2500 for a single fan. Among them, regular fans have the largest market share. With the changing lifestyle of people and increase of disposable income demand for Premium fans creating its unique space in an India Electric market. The unorganized market does not have these price segments. BLDC (Brushless Direct Current) technology or BLDC motor, in general, has been on the market for decades and is used widely in many electrical appliances. However, until recently, the technology wasn’t used in ceiling fans. Conventional fans with induction motors usually consume 70-75 watts of power. However, BLDC fans consume half as much power. Thus, a household with 4 conventional fans can save approximately Rs. 7000 annually on its electricity bill by switching to BLDC fans. With millions of ceiling fans sold annually in India, potential energy and cost savings are huge along with a significant reduction in carbon footprint. Unlike normal induction motor-based fans, BLDC fans come with Brushless electronic DC motor that uses permanent magnets. The use of BLDC motor eliminates friction, motor noise, and sparks that usually occur in the case of normal fans due to continuous contact of brushes with commutators. Since the wear and tear are eliminated, BLDC motors have a longer service life compared to typical induction motors. Key product type • Ceiling Fans • Table Fans • Pedestal Fans • Wall Fans • Others types of fans(Exhaust Fans,Multi-Utility fans,etc) Considered in the report • Geography: India • Base year: 2021-22 • Historical year: 2016-17 • Forecasted year: 2027-28
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