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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.
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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.
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Questions Answered in the Smart Fan Market Research Report:
Key Market Segments
Key Market Players