Middle East & Africa Ceiling Fans Market Size & Outlook
Middle East & Africa ceiling fans market, 2018-2030 (US$M)
Related Markets
MEA ceiling fans market highlights
- The MEA ceiling fans market generated a revenue of USD 1,128.6 million in 2023.
- The 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,128.6 million |
| Market revenue in 2030 | USD 1,601.9 million |
| Growth rate | 5.1% (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, MEA region accounted for 7.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Ceiling Fans Market Scope
Ceiling Fans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 64.11% in 2023. Horizon Databook has segmented the Middle East & Africa ceiling fans market based on standard, decorative covering the revenue growth of each sub-segment from 2018 to 2030.
According to an article published by WION in May 2023, in Saudi Arabia, air conditioning alone accounts for a substantial 70% of the total annual electricity demand, while in neighboring Qatar, over 60% of electricity is consumed for air cooling.
The UAE surpasses this trend, with air cooling systems contributing to a staggering 85% of buildings' energy consumption. With the International Energy Agency (IEA) projecting a potential tripling of energy demand for space cooling globally by 2050 and over 1 billion air conditioners in use, the Middle East's reliance on cooling solutions underscores the significance of energy-efficient alternatives like ceiling fans.
Ceiling fans are a viable and effective cooling option and are expected to play a crucial role in meeting the increased demand while providing a sustainable and cost-effective solution for the region. In the Middle East, ceiling fans serve not only as practical cooling solutions but also as stylish decor items, driving their demand as a dual-functional and aesthetic choice for interior spaces.
Reasons to subscribe to Middle East & Africa ceiling fans market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa ceiling fans market databook
-
Our clientele includes a mix of ceiling fans market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ceiling fans market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ceiling fans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA ceiling fans market size, by country, 2018-2030 (US$M)
Middle East & Africa Ceiling Fans Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
