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Worldwide Ceiling Fans Industry to 2027 - Surging Consumer Demand for Technologically Advanced Consumer Durables is Driving Growth

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According to this report the global ceiling fans market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Ceiling fans facilitate air circulation and create a cooling effect by accelerating sweat evaporation and heat exchange through convection. Ceiling fans use considerably less power than air conditioning, and hence they are popular among middle-class populations. In addition to the cost benefits, they feature longer life span than air conditioners. Growing urbanization in emerging economies is promoting the establishment of new residential buildings. In addition, the increased spending on premium products of home decor is further propelling the demand for ....

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Ceiling Fans Market | Smart Technologies Are Changing in Industry – KSU

tipFebruary 5, 2021
Increase in Spending on Premium-Quality Decorative Items would Escalate Ceiling Fans Market Growth
According to our latest market study on “Ceiling Fans Market Forecast to 2027 – COVID-19 Impact and Global Analysis – By Product (Standard and Decorative), Fan Size Industry (Small, Medium, and Large), and End User (Residential, Commercial, and Industrial),” the market was valued at US$ 10,189.33 million in 2019 and is projected to reach US$ 16,172.19 million by 2027; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Ceiling fans facilitate air circulation and create a cooling effect by accelerating sweat evaporation and heat exchange through convection. Ceiling fans use considerably less power than air conditioning, and hence they are popular among middle-class populations. In addition to the cost benefits, ....

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