Report : South America Ceiling Fans Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Standard and Decorative), Fan Size (Small, Medium, and Large), and End-User (Residential, Commercial, and Industrial)

Small Segment is Expected to be Fastest Growing for SAM Region During the Forecast Period

According to a new market research study on “SAM Ceiling Fans Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 1,471.67 million by 2027 from US$ 967.77 million in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the SAM ceiling fans market along with the drivers and restraints pertaining to the market growth. Huge consumer demand for technologically advanced consumer durables is among the major factor driving the growth of the SAM ceiling fans market. However, issues associated with various substitute options available hinders the growth of SAM ceiling fans market.   

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

SAM is severely affected by the COVID-19 pandemic. In SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries, such as Ecuador, Peru, Chile, and Argentina. Governments in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region would face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. The sharp decline in the sales of the consumer goods industry in the region due to lockdown measures is expected to directly impact the growth of the ceiling fans market in this region. Further, the sharp decline in other business activities, such as commercial and industrial sectors, is expected to directly affect the growth rate of the ceiling fans market in this region for the next three to four quarters. 

Crompton Greaves Consumer Electricals Limited, Havells India Ltd., Hunter Fan Company, Minka Lighting Inc. Panasonic Corporation, are among the leading companies in the SAM 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 SAM Ceiling Fans Market follows:  

 SAM Ceiling Fans Market – By Product

  • Standard
  • Decorative

SAM Ceiling Fans Market – By Fan Size

  • Small
  • Medium
  • Large

SAM Ceiling Fans Market – By End-User

  • Residential
  • Commercial
  • Industrial

SAM Ceiling Fans Market – By Country

  • Brazil
  • Argentina
  • Rest of SAM  
Contact Us
Contact Person: Sameer Joshi 
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com 

Download Free PDF Brochure