It is anticipated that the size of the global connected ceiling fans market will be approximately USD 796 million by 2030, with a compound annual growth rate (CAGR) of approximately 4.5% between 2023 and 2030. In 2022, the market was estimated to be worth approximately USD 560 million.
Connected Ceiling Fans Market: Overview
Instead of needing to pull a chord or flick a switch on the wall, users of connected ceiling fans are able to operate them from anywhere using a smartphone equipped with Wi-Fi or Bluetooth technology. This eliminates the need to operate the fan manually. With the touch of a button, individuals are able to program their ceiling fan with light to perform typical tasks on a schedule and operate it from any location. Some of the ceiling fans that are connected to the internet can be controlled by smart home assistants like Amazon Alexa or Google Assistant, in addition to being operated by a smartphone. The market for connected ceiling fans is being pushed by a number of factors, such as the growing need for smart homes, the convenience of remote control, the desire for increased energy efficiency, the ability to customize and personalize products, and the presence of government incentives and restrictions.
Connected Ceiling Fans Market: Growth Drivers
The expansion of the market is being driven by the rising demand for smart homes.
The greater trend of smart homes is the primary factor propelling growth in the linked ceiling fan sector. Consumers are rapidly automating and managing a variety of aspects of their homes with the assistance of their smartphones and voice assistants. The increased convenience and coziness provided by the connected ceiling fans is a significant contribution to this atmosphere. As an illustration, secondary research estimates that by the year 2023, around 63.43 million homes in the United States will be utilizing smart home technology in some capacity. This means that nearly half of all homes in the United States, or 45%, are equipped with some kind of intelligent technology. Accordingly, the aforementioned statistics are the primary drivers of market growth throughout the aforementioned forecast period.
Connected Ceiling Fans Market: Segmentation
The market for connected ceiling fans is broken down into distinct submarkets according to characteristics such as connectivity type, application, distribution channel, and geographic location.
The global market can be broken down into Bluetooth, Wi-Fi, and other segments based on the type of connectivity that is required. Over the course of the projected period, it is anticipated that the Bluetooth segment will have the biggest revenue share. Many modern ceiling fans are equipped with Bluetooth connectivity, which enables users to control the fan from their mobile devices such as smartphones and tablets. Apps for smartphones are provided by the manufacturer that enables a connection to be made to the fan via Bluetooth. Customers have the ability to regulate the speed of the fan, the direction it is facing, and the illumination from the convenience of their mobile devices.
Connected Ceiling Fans Market: Regional Analysis
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global connected ceiling fans market over the forecast period. The regional growth is owing to the increasing demand for smart home solutions. Smart home technology use has increased dramatically throughout North America, including the United States and Canada. Customers are growing interested in automating and controlling numerous parts of their houses, such as lighting, heating, cooling, and ventilation. Connected ceiling fans fit in nicely with this trend since they provide simple and energy-efficient cooling options. According to the New York State Energy Research and Development Authority (NYSERDA), allowing smart technologies and real-time energy management systems may lower expenses by 15% on average and enhance the bottom line by establishing an ecosystem that decreases energy waste.
Connected Ceiling Fans Market: Competitive Analysis
The global Connected Ceiling Fans market is dominated by players like:
Ottomate Smart Fans
Minka Lighting Inc.
Havells India Ltd.
CG Power & Industrial Solutions Ltd.
Honeywell International Inc.
Hunter Fan Company
Panasonic Holdings Corporation
Westinghouse Electric Corporation
Emerson Electric Co.
The global Connected Ceiling Fans market is segmented as follows:
By Connectivity Type
By Distribution Channel
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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