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Description
The India ceiling fans market estimated to be valued USD 838.8 million in 2020 and poised to grow at significant CAGR over 2022-2028 due to rise in disposable income among the consumers coupled with increase in availability of electricity. Moreover, government schemes for the power consumption, manufacturing of low cost fans, entry of market players with launch of newer products into market, and better availability of the products are anticipated to surge the India ceiling fans market over the forecast years. This report studies India ceiling fans market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, India ceiling fans market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed India ceiling fans market to better equip clients with possible investment opportunities across the country and market unmet needs (Product Opportunities). India ceiling fans market is surging owing to frequent acquisitions and launchings by the market players. For instance, In October 2016, Crompton Greaves launched anti-dusting fans for its customers in India. Moreover, in June 2018, Bajaj Electricals entered into an agreement to acquire 100% stake in Nirlep Appliances.
