Smart ceiling fans, used in households and commercial complexes, are programmed products, which can work with the help of Bluetooth, Wi-Fi, and other medium. Consumers can operate these products through smartphones and voice commands.
Global Smart Ceiling Fan Market – Competition Landscape
Major companies operating in the global smart ceiling fan market are Orient Electric, Hunter Fan Company, CG Power, Ottomate International, Delta T LLC, Modern Form, Minka Lighting Inc., OCECO, Fanimation, Industrial Solutions Limited, and Havells India Ltd. Companies are investing in product innovation to increase their revenue in this growing market. For instance, in October 2018, India based Orient Electric, collaborated with Tata Elxsi. This strategic partnership is expected to improve Orient Electric’s research and development outcomes.
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Global Smart Ceiling Fan Market – Driver
Rising Consumer Demand For Technologically Advanced Convenient Products
Growing inclination for convenient residential products coupled with changing lifestyle of consumers is expected to be a major market driving factor. Companies are investing on technologically advanced products to match the market demand. Adoption rate of smart household appliances including smart ceiling fans which can be monitored with the help of Wi-Fi and Bluetooth is anticipated to propel the market growth. Buyers can effortlessly operate these devices with the help of compatible applications such as Alexa and Google Assistant on their smartphones and operate smart ceiling fans. Moreover, these products come with advanced features including humidity control, dust and aerial microorganism free air and high ventilation, climate control, and energy saver which is set to boost market growth. Furthermore, smart ceiling fans with LED lights are projected to create a new avenue in the smart ceiling fan market.
Global Smart Ceiling Fan Market – Segmentation
The global smart ceiling fan market can be segmented on the basis of:
- Product Type
- Application
- Distribution Channel
- Region
Global Smart Ceiling Fan Market, by Product Type
In terms of product type, the global smart ceiling fan market can be divided into:
- Wi-Fi
- Bluetooth
- Others
Global Smart Ceiling Fan Market, by Application
Based on application, the global smart ceiling fan market can be segmented into:
- Residential
- Commercial
Global Smart Ceiling Fan Market, by Distribution Channel
Based on distribution channel, the global smart ceiling fan market can be segmented into:
- Online
- Offline
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The report on the global smart ceiling fan market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the smart ceiling fan market across regions.
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