Project Report For Electric Fan
Project Report For Electric Fan manufacturing plant is as follow
The demand for electric fans has risen due to India’s transitional climate. In comparison to air conditioners, fans are now ubiquitous. Fans have been a wonderful source of cooler air movement from the 17th to the 21st centuries.
The organised and unorganised markets in India dominate the electric fan market, providing a wide range of electric fans. The rise of competition between organised and unorganised firms has also changed the industry’s dynamics. The organised market, on the other hand, has seen significant revenue and volume growth. The unorganised market has primarily served the rural market, with unorganised market income exceeding INR 1500 crore for the current fiscal year.
Market potential & Strategy
Fans can help to reduce the temperature and control humidity while also being energy efficient. There are a variety of fans available, ranging from floor fans to tower fans. Ceiling fans, table fans, pedestal fans, and wall fans are the most prevalent types of electric fans in India. The income from ceiling fans has grown at a CAGR of more than 11% over the last five years, according to the report “India Electric Fan Market, 2026.”
The adoption of government plans to enhance electricity penetration in India will result in an increase in the use of electric fans in India. South India would lead the market, but west India would see a significant increase in its market share, according to the area. Demand for premium fans has increased as consumers’ spending power has increased. Crompton Greaves, Havells, Orient, Usha, Bajaj, and Khaitan Electricals are the industry leaders in the organised fan market. These national brands have developed a strong brand image over time, thanks to consistent advertising and a strong dealer network.
Companies are expanding their modern trade market network in order to gain access to more land. Companies have also introduced fans at low prices, affecting the unorganised market’s growth rate. Economy fans cost less than Rs. 1500, Regular fans cost between Rs. 1500 and 2500, and Premium fans cost more than Rs. 2500 for a single fan, according to the organised market. Regular supporters have the biggest market share among them. With people’s changing lifestyles and increased disposable cash, premium fans are finding a niche in the Indian electric market. These price divisions do not exist in the unorganised market.
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