Smart Fan Market Connectivity Type (Wi-Fi, Bluetooth, Others) Application (Commercial, Residential) Distribution Channel (Offline Stores, Online Stores) : Global Opportunity Analysis and Industry Forecast, 2020-2027
|
A06482
|
Pages: NA
|
Oct 2020 |
385 Views
|
|
|
|
Author(s) :
NA
|
Tables: NA
|
Charts: NA
|
Formats*:
|
|
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Smart Fan Market
Request Now !A fan is an electronic device that consists of blades which help the air to move faster and imparts cooling effect. Technology and innovation have contributed to the modern concept of smart homes therefore smart devices are capturing the market. A smart fan is an innovative technology that is steadily replacing the traditional fan. The basic structure of a smart fan is the same as that of a traditional fan but some innovative features have been added to it which has reduced human interaction and made it more user-friendly. The home appliances have been automated by adding new features such as various types of sensors, image processing techniques, Wi-Fi, and Bluetooth accessibility. An ordinary ceiling fan can also be converted to the Internet of Things device by incorporating smart fan control switch into it. The features of smart fans are broadly categorized into normal mode, auto mode, schedule mode, and security mode.
Market scope and structure analysis:
|
Report Metric |
Details |
|
Market size available for years |
2020–2027 |
|
Base year considered |
2019 |
|
Forecast period |
2021–2027 |
|
Forecast units |
Value ($US) |
|
Segments covered |
Type, Application, Distribution Channel, and Region |
|
Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
|
Companies covered |
Orient Electric Ltd., Hunter Fan Company, CG Power, Craftmade, Panasonic, Ottomate International, Delta T LLC, Fanimation, Havells India Ltd, Industrial Solutions Ltd, Minka Lighting Inc. |
COVID-19 Scenario Analysis:
- The lockdown scenario caused due to the spread of the coronavirus has highly impacted the smart fan market as the sales and revenue of the market have fallen due to the loss of commercial sales.
- The production of smart fans has been hampered as the manufacturing units have to be shutdown. The key players like Orient Electric have resumed the operational units but the shortage of manpower has impacted the production.
- The main distribution channel for smart fans has been the specialty stores. The shutdown of the stores has led to a decrease in sales thus affecting the revenue. The non-availability of the technician for installing the smart fans is also a factor which has declined the sales.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The extensive advancement in technology has provided modern fans which control the temperature and improve home aesthetics. The face and voice detection application in the smart fan has improved its efficiency. Bluetooth connectivity, remote control, mobile applications, Alexa, and Google assistant have been associated with the smart fan as a controller. The surge in technology and innovation, improved features, inbuilt voltage stabilizer, face and voice detection, mobile connectivity, enhanced design and aesthetics, energy conservation, higher disposable income, improved safety of the product, technical proficiency, Internet of Things enabled fan and faster shift to the organized sector are the key drivers of the global smart fan market. However, limitations to the mainstream market, lack of awareness in the rural population, the presence of substitute products, and higher prices of the smart fan hinders the market growth. Whereas, investments in promotional activities, innovation in the product line, the requirement for controlling home climate and investment in the technology present new opportunities in the industry.
The global smart fan market trends are as follows:
Improved features of the smart fan
The multipurpose smart fan has created a new trend in the ceiling fan market. The innovative smart fans are more reliable due to their features such as temperature control, humidity control, automatic speed control, one-touch control, anti-dust, and antimicrobial free coating. The commercial use of smart fans has increased in the institutes, malls, and offices which have increased the market share. Recently, the urban population is also becoming aware of the smart devices, therefore the residential use of smart fans has provided a new opportunity to the leading brands for optimizing the product according to its use. Orient Electric has launched a smart fan with an inverter technology motor which increases the durability, reduces the motor noise, doubles the efficiency of operation, saves the electricity cost, and works on low voltage. Havells a leading brand in fast-moving electric goods and consumer durables has launched a new series of smart fan Carnesia-I ceiling fans which can adjust the fan speed by sensing the temperature and humidity.
The launch of a new series of smart fans has created a huge demand in the urban population. Less electricity utilization and improved connectivity augment the market growth. The leading brands have been investing more in the technological aspect of the smart fan and converting it into the Internet of Things device.
Key Segments Covered:
|
Segments |
Sub-segments |
|
Type |
|
|
Application |
|
|
Distribution Channel |
|
Key Benefits of the Report:
- This study presents the analytical depiction of the global smart fan industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global smart fan market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart fan market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global smart fan market analysis based on competitive intensity and how the competition will take shape in the coming years.Â
Questions Answered in the Smart Fan Market Research Report:
- What are the leading market players active in the smart fan market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
REQUEST TOC/SAMPLE
Purchase Full Report of
Smart Fan Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. Â T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.