Middle East & Africa Ceiling Fans Market is expected to reach US$ 2,409.66 million by 2027

Decorative Segment is Expected to be Fastest Growing for MEA Region During the Forecast Period

According to a new market research study on “MEA Ceiling Fans Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 2,409.66 million by 2027 from US$ 1,444.39 million in 2019. The market is estimated to grow at a CAGR of 6.7% from 2020 to 2027. The report provides trends prevailing in the MEA ceiling fans market along with the drivers and restraints pertaining to the market growth. Rising demand for energy efficient fans is among the major factor driving the growth of the MEA ceiling fans market. However, issues associated with various alternate options available hinders the growth of MEA ceiling fans market.   

The MEA ceiling fans market is segmented into product, fan size, and end-user. Based on product, the market is segmented into standard and decorative. The standard segment held the largest share of MEA ceiling fans market in 2019. Based on fan size, the MEA ceiling fans market is segmented into small, medium, and large. The medium segment held the largest share of MEA ceiling fans market in 2019. Based on end-user, the MEA ceiling fans market is segmented into residential, commercial, and industrial. Residential segment held the largest share of MEA ceiling fans market in 2019.

The ongoing COVID-19 pandemic is affecting the MEA region very badly. Among the MEA countries, South Africa has faced the highest COVID-19 cases. Other significant countries facing the economic impact of COVID-19 include Iran, Turkey, Saudi Arabia, Israel, Morocco, UAE, Qatar, Kuwait, Oman, and Egypt. The region comprises many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for ceiling fan providers, owing to the huge presence of diverse customer base for the consumer goods sector. In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in the region’s economic condition and impact of COVID-19 on the growth of various industries in the region is expected to negatively impact the development of the ceiling fans market in 2021.    

Crompton Greaves Consumer Electricals Limited, Fantasia Ceiling Fans, Havells India Ltd., Hunter Fan Company, Panasonic Corporation, are among the leading companies in the MEA ceiling fans market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Hunter Industrial Fans—the industrial division of Hunter Fan Company—launched its commercial fan line known as “Trak”. The Trak extends the catalog of commercial fan lines offered by the Hunter Fan Company, which currently includes the existing XP HVLS fan, the Stingray fan, the Beck fan and more. The Trak ceiling fan is designed and engineered with a commercial grade motor and extruded aluminum blades for a long lifespan and optimal airflow.      

The report segments the MEA Ceiling Fans Market follows:  

MEA Ceiling Fans Market – By Product

• Standard
• Decorative

MEA Ceiling Fans Market – By Fan Size

• Small
• Medium
• Large

MEA Ceiling Fans Market – By End-User

• Residential
• Commercial
• Industrial

MEA Ceiling Fans Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA