Orpat enters smart home appliances category, launches ‘MoneySaver’ an energy efficient smart fan range
Orpat Group, a leader in small home and kitchen appliances manufacturing with operations across 45 countries, has launched a range of MoneySaver smart fans. Priced at INR 3,100, the ‘MoneySaver’ smart fan range works on the BLDC technology and comes with a wide array of features.
Positioned as an affordable smart product for smart customers, the key benefits of MoneySaver fan range are primarily cost reduction in electricity bills. At the same time, the integration of technology improves convenience for the consumers while being environmentally friendly.
“We believe that an affordable technology centric product is what our consumers need the most. India is a huge market for fans. With the rising millennial tech-savvy population, increasing climate issues, government’s push for environment friendly products and need to reduce the carbon footprint, our new series of MoneySaver smart fans can bring the much-needed energy and cost savings to the consumers and to the country,” said Nevil Patel-Director, Orpat Group.
With the rising millennial tech-savvy population, increasing climate issues, government’s push for environment friendly products and need to reduce the carbon footprint, our new series of MoneySaver smart fans can bring the much-needed energy and cost savings to the consumers and to the country
BEE 5 star rated Orpat’s MoneySaver fan consumes only 28 watts as compared to 75 watts by ordinary fans. Saves more than 65 percent on energy bills per year as well as reduces the energy consumption per year.
Orpat is the first company to provide an entry level fan which comes with a mobile app. For easy and comfortable use, the app has all the features as of a remote. This fan doesn’t require a fan regulator as the switch itself becomes the regulator.
On a larger front, the MoneySaver Smart Fan range reduces coal consumption by 3.3 billion KG per year while carbon emission is reduced by 6.6 billion KG per year.
Being into the legacy business for more than five decades, this is ORPAT Group’s first tryst to bring smart technology in a range of the affordable small home appliances sector. The launch aims to put Orpat Group as a key player in the tech-enabled home appliances segment while expanding its current user group.
According to a March 2021 Research and Markets’ report titled “India Electric Fan Market, 2026” the revenue from ceiling fans is growing with a CAGR of more than 11% from the last five years. Globally, according to a recent report by research firm Statista, revenue in the smart appliances segment is projected to reach US$2,055 million in 2021. Also, the revenue is expected to show an annual growth rate (CAGR 2021-2025) of 19.72%, resulting in a projected market volume of US$4,221 million by 2025.