Middle East & Africa Household Fans Market Forecast to 2031 - Regional Analysis - by Product Type (Ceiling Fan, Pedestal Fan, Table Fan, Exhaust Fan, Wall Fan, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Ret
Description
The Middle East & Africa household fans market was valued at US$ 892.26 million in 2023 and is expected to reach US$ 1,279.85 million by 2031; it is estimated to register a CAGR of 4.6% from 2023 to 2031.
Development and Adoption of Smart Ceiling Fans Bolsters Middle East & Africa Household Fans Market
Smart ceiling fans are designed to work seamlessly with other home devices such as thermostats, lights, WiFi, and security systems. The fans can be controlled by dedicated mobile apps that offer extensive control options, including scheduling, speed adjustments, and energy usage monitoring. Smart ceiling fans also reduce energy consumption resulting in lower electricity bills compared to conventional fans. The ability to control fans remotely and via voice commands can add a significant convenience factor. The rising demand for smart appliances prompts key market players to cater to the demand for smart ceiling fans.
In April 2024, Nex launched ceiling fans under Dryft and Glyde series, offering 20% high air thrust. It features IoT model, BLDC motor, Smart Connect - App, remote operation, and connection with Google Assistant and Amazon Alexa. Thus, the development and adoption of smart ceiling fans are expected to become a major trend in the household fans market in the coming years.
Middle East & Africa Household Fans Market Overview
The Middle East & Africa household fans market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. As more people move to urban areas and work toward improved living standards, the demand for household fans is rising in Middle Eastern countries. The rising urban population has improved the construction of private residential buildings in semi-urban and urban cities. The government looks forward to investing large amounts in the building & construction industry. The growing need for residential buildings in the region can create lucrative opportunities for the Middle East & Africa household fans market.
E-commerce and digital platforms have revolutionized the shopping behavior of consumers for home appliances. The ease of online shopping, the availability of a wide variety of products, and competitive pricing further boost the sales of household fans on online platforms. With a wide range of options available for buying, people can make informed choices based on product specifications, reviews, and prices. E-commerce platforms have bridged the gap between consumers and suppliers, expanding the market reach and driving up the sales of household fans in the Middle East & Africa.
Middle East & Africa Household Fans Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Household Fans Market Segmentation
The Middle East & Africa household fans market is categorized into product type, distribution channel, and country.
Based on product type, the Middle East & Africa household fans market is segmented into ceiling fan, pedestal fan, table fan, exhaust fan, wall fan, and others. The ceiling fan segment held the largest market share in 2023.
In terms of distribution channel, the Middle East & Africa household fans market is categorized into supermarkets & hypermarkets, specialty stores, online retail, and others. The others segment held the largest market share in 2023.
By country, the Middle East & Africa household fans market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa household fans market share in 2023.
Honeywell International Inc, Panasonic Holdings Corp, SEB SA, and TOSHIBA CORPORATION., are some of the leading companies operating in the Middle East & Africa household fans market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa household fans market.
Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa household fans market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa household fans market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Development and Adoption of Smart Ceiling Fans Bolsters Middle East & Africa Household Fans Market
Smart ceiling fans are designed to work seamlessly with other home devices such as thermostats, lights, WiFi, and security systems. The fans can be controlled by dedicated mobile apps that offer extensive control options, including scheduling, speed adjustments, and energy usage monitoring. Smart ceiling fans also reduce energy consumption resulting in lower electricity bills compared to conventional fans. The ability to control fans remotely and via voice commands can add a significant convenience factor. The rising demand for smart appliances prompts key market players to cater to the demand for smart ceiling fans.
In April 2024, Nex launched ceiling fans under Dryft and Glyde series, offering 20% high air thrust. It features IoT model, BLDC motor, Smart Connect - App, remote operation, and connection with Google Assistant and Amazon Alexa. Thus, the development and adoption of smart ceiling fans are expected to become a major trend in the household fans market in the coming years.
Middle East & Africa Household Fans Market Overview
The Middle East & Africa household fans market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. As more people move to urban areas and work toward improved living standards, the demand for household fans is rising in Middle Eastern countries. The rising urban population has improved the construction of private residential buildings in semi-urban and urban cities. The government looks forward to investing large amounts in the building & construction industry. The growing need for residential buildings in the region can create lucrative opportunities for the Middle East & Africa household fans market.
E-commerce and digital platforms have revolutionized the shopping behavior of consumers for home appliances. The ease of online shopping, the availability of a wide variety of products, and competitive pricing further boost the sales of household fans on online platforms. With a wide range of options available for buying, people can make informed choices based on product specifications, reviews, and prices. E-commerce platforms have bridged the gap between consumers and suppliers, expanding the market reach and driving up the sales of household fans in the Middle East & Africa.
Middle East & Africa Household Fans Market Revenue and Forecast to 2031 (US$ Million)
Middle East & Africa Household Fans Market Segmentation
The Middle East & Africa household fans market is categorized into product type, distribution channel, and country.
Based on product type, the Middle East & Africa household fans market is segmented into ceiling fan, pedestal fan, table fan, exhaust fan, wall fan, and others. The ceiling fan segment held the largest market share in 2023.
In terms of distribution channel, the Middle East & Africa household fans market is categorized into supermarkets & hypermarkets, specialty stores, online retail, and others. The others segment held the largest market share in 2023.
By country, the Middle East & Africa household fans market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa household fans market share in 2023.
Honeywell International Inc, Panasonic Holdings Corp, SEB SA, and TOSHIBA CORPORATION., are some of the leading companies operating in the Middle East & Africa household fans market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa household fans market.
Highlights key business priorities to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa household fans market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa household fans market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
110 Pages
- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. Middle East & Africa Household Fans Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Household Fan Manufacturers
- 4.3.3 Distributors
- 4.3.4 Distribution Channel
- 5. Middle East & Africa Household Fans Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Number of Households and Residences
- 5.1.2 Rising Preference for Energy-Efficient Household Fans
- 5.2 Market Restraints
- 5.2.1 Competition from Substitute Cooling Solutions
- 5.3 Market Opportunities
- 5.3.1 Growing Sales of Home Appliances Through E-Commerce Channel
- 5.4 Future Trends
- 5.4.1 Development and Adoption of Smart Ceiling Fans
- 5.5 Impact of Drivers and Restraints:
- 6. Household Fans Market - Middle East & Africa Analysis
- 6.1 Middle East & Africa Household Fans Market Overview
- 6.2 Household Fans Market Volume (Million Units), 2021-2031
- 6.3 Household Fans Market Volume Forecast and Analysis (Million Units)
- 6.4 Household Fans Market Revenue (US$ Million), 2023-2031
- 6.5 Household Fans Market Forecast and Analysis
- 7. Middle East & Africa Household Fans Market Volume and Revenue Analysis - by Product Type
- 7.1 Ceiling Fan
- 7.1.1 Overview
- 7.1.2 Ceiling Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.1.3 Ceiling Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.2 Pedestal Fan
- 7.2.1 Overview
- 7.2.2 Pedestal Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.2.3 Pedestal Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.3 Table Fan
- 7.3.1 Overview
- 7.3.2 Table Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.3.3 Table Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.4 Exhaust Fan
- 7.4.1 Overview
- 7.4.2 Exhaust Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.4.3 Exhaust Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.5 Wall Fan
- 7.5.1 Overview
- 7.5.2 Wall Fan: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.5.3 Wall Fan: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 7.6.3 Others: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8. Middle East & Africa Household Fans Market Volume and Revenue Analysis - by Distribution Channel
- 8.1 Supermarkets & Hypermarkets
- 8.1.1 Overview
- 8.1.2 Supermarkets & Hypermarkets: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.1.3 Supermarkets & Hypermarkets: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8.2 Specialty Stores
- 8.2.1 Overview
- 8.2.2 Specialty Stores: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.2.3 Specialty Stores: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8.3 Online Retail
- 8.3.1 Overview
- 8.3.2 Online Retail: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.3.3 Online Retail: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: Household Fans Market - Volume and Forecast to 2031 (Million Units)
- 8.4.3 Others: Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9. Middle East & Africa Household Fans Market - Country Analysis
- 9.1 Middle East & Africa
- 9.1.1 Middle East & Africa Household Fans Market Breakdown, by Key Countries, 2023 and 2031 (%)
- 9.1.1.1 Middle East & Africa Household Fans Market Volume and Forecast and Analysis - by Country
- 9.1.1.2 Middle East & Africa Household Fans Market Revenue and Forecast and Analysis - by Country
- 9.1.1.3 South Africa Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.3.1 South Africa Household Fans Market Breakdown by Product Type
- 9.1.1.3.2 South Africa Household Fans Market Breakdown by Distribution Channel
- 9.1.1.4 Saudi Arabia Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.4.1 Saudi Arabia Household Fans Market Breakdown by Product Type
- 9.1.1.4.2 Saudi Arabia Household Fans Market Breakdown by Distribution Channel
- 9.1.1.5 United Arab Emirates Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.5.1 United Arab Emirates Household Fans Market Breakdown by Product Type
- 9.1.1.5.2 United Arab Emirates Household Fans Market Breakdown by Distribution Channel
- 9.1.1.6 Rest of Middle East & Africa Household Fans Market - Revenue and Forecast to 2031 (US$ Million)
- 9.1.1.6.1 Rest of Middle East & Africa Household Fans Market Breakdown by Product Type
- 9.1.1.6.2 Rest of Middle East & Africa Household Fans Market Breakdown by Distribution Channel
- 10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Market Players
- 10.2 Company Positioning & Concentration
- 11. Industry Landscape
- 11.1 Overview
- 11.2 New Product Launches
- 11.3 Expansion
- 12. Company Profiles
- 12.1 Honeywell International Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Panasonic Holdings Corp
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 SEB SA
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 TOSHIBA CORPORATION
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
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