Brazil Ceiling Fans Market Size & Outlook, 2023-2030
Brazil ceiling fans market, 2018-2030 (US$M)
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Brazil ceiling fans market highlights
- The Brazil ceiling fans market generated a revenue of USD 454.9 million in 2023 and is expected to reach USD 652.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, standard was the largest revenue generating product in 2023.
- Decorative is the most lucrative product segment registering the fastest growth during the forecast period.
Ceiling fans market data book summary
| Market revenue in 2023 | USD 454.9 million |
| Market revenue in 2030 | USD 652.4 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Standard |
| Fastest growing segment | Decorative |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standard, Decorative |
| Key market players worldwide | Griffon Corp, Crompton Greaves Consumer Electricals, Craftmade International, Ferguson PLC, Big Ass Fans, Ajanta Electrical Industries, Fanimation, MegaHOME, Masco Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.2% of the global ceiling fans market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ceiling fans market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 652.4 million by 2030.
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Ceiling Fans Market Scope
Ceiling Fans Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil ceiling fans market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ceiling fans market will help companies and investors design strategic landscapes.
Standard was the largest segment with a revenue share of 64.32% in 2023. Horizon Databook has segmented the Brazil ceiling fans market based on standard, decorative covering the revenue growth of each sub-segment from 2018 to 2030.
As Brazil experiences a surge in demand for devices combating heat due to rising temperatures and the current El Niño phenomenon, the air conditioning and fan industries are thriving. The spring of 2023 witnessed record-breaking temperatures, with several cities exceeding 40°C.
The industry is facing pressure due to dwindling inventories, raising concerns about meeting the upcoming summer demand. This scenario bodes well for the country’s ceiling fans market. As Brazil confronts the escalating impacts of climate change, particularly the substantial increase in thermal stress and electricity demand, the need for cooling appliances becomes imperative.
A December 2022 study published in EnergyA estimated the energy demand in Brazil to increase significantly by 2050, with summer electricity demand potentially rising by 30% in the whole country and 50% in the most vulnerable states.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ceiling fans market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ceiling fans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil ceiling fans market size, by product, 2018-2030 (US$M)
Brazil Ceiling Fans Market Outlook Share, 2023 & 2030 (US$M)
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