According to the latest report by IMARC Group, titled, “North Africa Ceiling Fan Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The North Africa ceiling fan market is expected to exhibit a CAGR of 3.20% during 2022-2027.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A ceiling fan is an electrically powered mechanical device suspended from the ceiling of a room to circulate air. It consists of a capacitor, motor, holder, rotor, and flywheel that help induce evaporative cooling. It is also equipped with hub-mounted rotating paddles, which move slower as compared to electric desk fans. Besides this, it is cost-effective, energy-efficient, and has a longer shelf-life compared to coolers and air conditioners. As a result, it is extensively used in residential and commercial complexes of North Africa.
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North Africa Ceiling Fan Market Trends and Drivers:
The increasing working population and inflating disposable income levels of individuals are catalyzing the demand for luxury ceiling fans to enhance the aesthetic appeal of homes across North Africa. In addition, rapid urbanization, along with a significant rise in construction activities of residential and commercial infrastructure in the region, is positively influencing the market. Apart from this, the rising focus of manufacturers on developing premium products with sleek and aesthetically appealing designs and smart features is creating a positive outlook for the market. They are also launching product variants with voice control and remote connectivity features through smart devices, enabling consumers to automatically control fan speed, reverse rotation, and dim the light. Moreover, increasing investments by the key players in various research and development (R&D) activities to introduce more advanced products are expected to propel the market growth in the region.
Key Highlights of the Report:
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North Africa Ceiling Fan Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on product type, fan size, distribution channel and end use.
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