Canada Ceiling Fans Market Size & Outlook, 2023-2030
Canada ceiling fans market, 2018-2030 (US$M)
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Canada ceiling fans market highlights
- The Canada ceiling fans market generated a revenue of USD 318.5 million in 2023 and is expected to reach USD 450.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% 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 318.5 million |
| Market revenue in 2030 | USD 450.0 million |
| Growth rate | 5.1% (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, Canada accounted for 2.2% 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 North America, U.S. ceiling fans market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 450.0 million by 2030.
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Ceiling Fans Market Scope
Ceiling Fans Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 58.65% in 2023. Horizon Databook has segmented the Canada ceiling fans market based on standard, decorative covering the revenue growth of each sub-segment from 2018 to 2030.
The ceiling fans market in Canada is experiencing growth, driven by the country's unpredictable weather patterns. Ceiling fans are increasingly being utilized year-round, providing both cooling relief during hot summers and distributing warm air more efficiently during chilly winters, making them a versatile and practical solution.
These fans are regulated by Canada's Energy Efficiency Regulations, ensuring minimum performance standards. ENERGY STAR certification guarantees rigorous testing by an independent third party, with certified models using 60% less energy than standard ones.
Those designated as ENERGY STAR Most Efficient offer superior efficiency, while non-lighting components are typically backed by a minimum three-year warranty. Fan Shoppe in Canada offers ENERGY STAR-certified ceiling fans as well as ceiling fans from Big Ass Fans, Casablanca, Fanimation, Inc., Hunter Fans Company, and other brands. These include decorative as well as standard fans.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ceiling fans market , including forecasts for subscribers. This country databook contains high-level insights into Canada ceiling fans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ceiling fans market size, by product, 2018-2030 (US$M)
Canada Ceiling Fans Market Outlook Share, 2023 & 2030 (US$M)
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