Singapore Ceiling Fans Market, By Product Type (AC Ceiling Fans, DC Ceiling Fans), By End User (Residential, Commercial), By Sales Channel (Multi Branded Stores, Hypermarkets, E-Commerce, and Others (Exclusive Stores, Direct Sales)), By Region, Competition, Forecast & Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
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Singapore ceiling fans market was valued at USD 24.05 million in 2022 and is projected to grow at a CAGR of over 9.47% through 2028. It is anticipated to register robust growth during the forecast period. The rising construction activities, such as the development of build-to-order flats (BTO) and the changing consumer preference and shift toward energy efficient appliances are further contributing to the market growth of ceiling fans in Singapore.
Singapore Ceiling Fans Market Overview
The Singapore ceiling fan market is witnessing high demand for ceiling fans due to several factors, such as the increasingly hot and humid tropical climate, the growing trend of using energy efficient ceiling fans and government initiatives are increasing to reduce high energy consumption and carbon emissions. Ceiling fans circulate air better and use less energy than AC. Most ceiling fans are imported from China in Singapore. Continuous technological advancements are driving the growth of the market significantly.
You know, companies are really stepping up their game, creating smart and innovative products that consumers actually want! Things like LED lighting, better connectivity, and even voice control are popping up in ceiling fans. And get this – some even have UV sterilization and way better user interfaces! Take Po Eco, for example. They just released the BLIZZARD 13 SERIES, which has smart connectivity and voice control built right in. Plus, with all the new homes and offices going up in Singapore, the ceiling fan market is booming! Think about itall those new BTO apartments and condos are pretty tight on space. You can't exactly cram a stand fan, table fan, or cooler in there, right? So, a ceiling fan makes perfect sense – it saves space and helps avoid electrical hazards.
Singapore Ceiling Fans Market Drivers
In order to promote green buildings and reduce the impact of global warming, the Singapore government is encouraging households to install ceiling fans in their homes. Singapore's National Environment Agency (NEA) has prohibited the supply of refrigerants with high Global Warming Potential (GHP) and is encouraging households to switch to using ceiling fans instead of air conditioners. The Building and Construction Authority (BCA) also advised people to reduce their air conditioner use and install a ceiling fan to increase air circulation in the area.
Ceiling fans? Yeah, they're super popular with folks who want to save a buck! They last ages compared to air con, and they're really good at making you feel cooler. Think about itthey move the air around, helping your sweat evaporate faster and getting rid of that trapped heat – all while using less energy. That's why the Singapore ceiling fan market is booming! And get this, everyone's going crazy for DC motors these days. Why? Because they're super energy-efficient and small! We're talking up to 70% energy savings compared to those old AC motors. So, yeah, practically every ceiling fan you see in Singapore now has a DC motor.
Some of the main benefits of a DC motor is that it produces less noise. The remote control of the DC motor can have up to 6 different speed options. Different blade designs of DC motor help in generating maximum efficiency. Most of the ceiling fan motors found at in the market in Singapore come with a minimum of 10-year and a maximum of lifetime warranty.
Singapore Ceiling Fans Market Trends
Ceiling fans have gone beyond their functional purpose and are now considered an essential part of interior design. While traditional ceiling fans with wood blades are still in demand, the trend is shifting to fans with other materials like acrylic, plastic, or metal blades. Various shapes and sizes of the blades are launched to enhance the airflow and efficiency while also enhancing the interior design of the home. Ceiling fan manufacturers are now offering a variety of innovative models to meet different décor preferences and personalization requirements of consumers.
These days, everyone in Singapore seems to be buying their ceiling fans online! It's so easy now with all the different shopping platforms. You can just chill at home, browse through tons of options, compare prices, and even read what other people think before you decide. Plus, online shops usually have way more choices than your local store, with fans from all sorts of brands. And let's be real, who can resist those exclusive deals and discounts they keep throwing at us? No wonder online ceiling fan shopping is booming!
Singapore Ceiling Fans Market Challenges
Okay, so the ceiling fan scene in Singapore is getting pretty tough. With the weather getting hotter, more people are ditching fans for air conditioners to really beat the heat. Even the National Environment Agency (MSS) says that the humidity here can hit 100% when it pours! That makes air conditioners even more appealing. See, ceiling fans just give you a breeze. Air conditioners, on the other hand, let you actually control the temperature. You can set it exactly how you like it, which is a big deal when you need to keep things at a specific temperature.
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Recent Developments
- In 2020, during the COVID-19 pandemic, Vortec introduced a bladeless ceiling fan with a UV light source & LED lamp. UV light source helps in killing microorganisms such as viruses and bacteria, which helps in controlling the spread of airborne diseases in small spaces.
- In 2022 PRISM+ introduced the “PRISM+ oasis smart ceiling fan”, which is equipped with a fully adjustable 20W Osram led light, smartphone integration, and high-performance airflow control.
Market Opportunities
- Governments worldwide are increasingly concerned about the effects of global warming, particularly in Singapore. The widespread use of Heating, Ventilation, and Air Conditioning (HVAC) systems is contributing to a rise in energy and greenhouse gas consumption. To address this issue, the commercial sector is in high demand for energy-efficient ceiling fans. This type of fan is being installed in a variety of commercial settings, including Food and Beverage (F&B) outlets, hospitals, hotels, and resorts.
- The Government of Singapore has been encouraging companies to set up High Technology Production Facility (HTPF) in order to promote technological advancements in production. Various government initiatives have been implemented to attract investment in production. These include tax incentives, grants, financing schemes, and collaboration with research and development institutes. Technological innovation and globalization have revolutionized the market over the past few decades. As a result, Singapore has embraced Industry 4.0. The city-state is shifting its industrial base higher up the value chain to consolidate its position as a world-class industrial hub for companies.
Market Segmentation
The Singapore ceiling fans market is segmented by product type, end user, sales channel, and region. Based on product type, the market is fragmented into AC ceiling fans and DC ceiling fans. Based on end user the market is divided into residential, and commercial. Further, based on distribution channels, the market is divided into multi-branded retailers, hypermarkets, e-commerce, and others. Based on region, the market is divided into North-East, Central, North, East, And West.
Company Profiles
Fanco Fan Marketing Pte. Ltd., Capital Distributors Pte Ltd. (KDK), Alaska Fan House Pte Ltd, Crestar Enterprise Pte Ltd, Triple D Trading Pte. Ltd. (Bestar Fans), Aeroair Marketing Singapore Pte Ltd, Winfinity Electric Pte. Ltd (Fanztec), Spin Pte Ltd, Acorn Marketing & Services Pte Ltd, and Mexlink International Pte Ltd (Decco) are some of the major players in the Singapore ceiling fans market.
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Attribute |
Details |
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Market Size Value in 2022 |
USD24.05 Million |
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Revenue Forecast in 2031 |
USD40.69 Million |
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Growth Rate |
9.47% |
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Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Value in USD Million, Volume in Thousands, CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
Product Type End User Distribution Channel Region |
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Regional Scope |
North-East, Central, North, East, West |
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Key Companies Profiled |
Fanco Fan Marketing Pte. Ltd., Capital Distributors Pte Ltd. (KDK), Alaska Fan House Pte Ltd, Crestar Enterprise Pte Ltd, Triple D Trading Pte. Ltd. (Bestar Fans), Aeroair Marketing Singapore Pte Ltd, Winfinity Electric Pte. Ltd (Fanztec), Spin Pte Ltd, Acorn Marketing & Services Pte Ltd, Mexlink International Pte Ltd (Decco) |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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