Europe Ceiling Fans Market Size & Outlook, 2023-2030
Europe ceiling fans market, 2018-2030 (US$M)
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Europe ceiling fans market highlights
- The Europe ceiling fans market generated a revenue of USD 2,467.7 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,467.7 million |
| Market revenue in 2030 | USD 3,311.4 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Standard |
| Fastest growing segment | Decorative |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 17.3% of the global ceiling fans market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,332.6 million by 2030.
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Ceiling Fans Market Scope
Ceiling Fans Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 63.84% in 2023. Horizon Databook has segmented the Europe ceiling fans market based on standard, decorative covering the revenue growth of each sub-segment from 2018 to 2030.
Ceiling fans play a significant role in energy conservation by offering energy-efficient solutions for air circulation and cooling. In 2012, the European Union (EU) enacted Directive 2012/27/EU on energy efficiency, committing to a 20% reduction in energy consumption by 2020 compared to baseline projections.
The updated directive set 2030 targets, including final energy consumption not exceeding 763 Mtoe and primary energy consumption not exceeding 992.5 Mtoe. Modern ceiling fans are designed with features such as energy-efficient motors, aerodynamic blade designs, and variable speed settings, allowing consumers to reduce their reliance on air conditioning and lower energy consumption.
With the effects of climate change becoming increasingly prominent in Europe, there is a growing demand for ceiling fans across the region. As people seek sustainable and energy-efficient cooling solutions, ceiling fans offer an attractive option.
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Our clientele includes a mix of ceiling fans market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ceiling fans market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ceiling fans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ceiling fans market size, by country, 2018-2030 (US$M)
Europe Ceiling Fans Market Outlook Share, 2023 & 2030 (US$M)
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