India Organised Electric Fan Market Revenue Saw 12.29% CAGR during Past 5 Years, Says Bonafide Research in Report Available at MarketPublishers.com
28 Mar 2017 • by Natalie Aster
LONDON – The Indian electric fan industry is well developed and has registered a significant growth over past few years. A great number of market players have contributed to the growth of the fan industry, with much of the growth currently stemming from organised players as customers shift towards branded and more technologically effective fans. A joint shift has been witnessed toward broadening distribution reach and enhancing rural penetration by the organised players. Furthermore, the threat coming from fans made in China has decreased over the past several years owing to a squeezed gap in competitiveness. In the offing, the marketplace will likely keep on expanding, in the niche categories such as energy savings, children’s fans and premium fans. The market is set to see a range of launches in the premium and decorative fans, specifically in the ceiling fans sector.
The organised electric fan market increased at 12.29% CAGR by revenue over the past 5 years. Higher disposable personal income levels, greater availability of continuous levels of energy, and a more rapid shift to the organised sector has boosted the Indian electric fan market.
In terms of product, ceiling fans take the lead in the market both in the organised and unorganised sector. Region-wise, south India captures the lion’s revenue share, with west and north coming after. Eastern India is poised to see fast growth in the offing.
Orient, Crompton Greaves, Bajaj, Havells, Usha, Khaitan, among others, dominate the organised fan market in India.
In-demand report “India Electric Fan Market Overview, 2016-2022” created by Bonafide Research & Marketing offers a comprehensive, detailed assessment of the market on a national scale.
The report provides data on the market size by value and volume; market share by region and product type. It examines the domestic organised and unorganised electric fan markets covering market size, by value and volume, and market shares by product type, company, and category. The research canvasses the market dynamics, as well as also sheds light on the present-day and prospective market developments and trends. In addition, the research publication canvasses the competitive scenario and offers detailed profiles of the 5 prominent market participants.
More studies by Bonafide Research & Marketing are available in this Market Publishers' catalogue.