Market Forecast By Types (Housewares, Fans), By Electric Fans Types (Ceiling Fans, Floor Fans, Wall-mounted Fans), By Electric Housewares Types (Air purifiers, Blenders, Broilers, Hair curlers, Heaters, Toothbrushes, Others) And Competitive Landscape
Product Code: ETC019456 | Publication Date: Jun 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Ghana Electric Housewares and Fans Market |
Forecast period | 2025-2031 |
CAGR | 3% |
Growing Sector | Household Appliances |
The Ghana Electric Housewares and Fans Market report thoroughly covers the market by Types, Electric Fans Types, and Electric Housewares Types. The report provides an in-depth and thorough analysis of the current market trends, opportunities/high growth areas, and market drivers which will help stakeholders in formulating and aligning their market strategies according to the present and future market dynamics.
The Ghana Electric Housewares and Fans Market is projected to witness substantial growth during the forecast period. This growth can be attributed to the increasing demand for high-quality electronic housewares and fans, and the rising trend of smart and energy-efficient appliances.
According to 6Wresearch, the Ghana Electric Housewares and Fans Market is expected to grow at a CAGR of 3% during 2025-2031. The increasing disposable income of consumers is leading to a higher demand for modern and technologically advanced houseware and fan appliances. Additionally, the growing awareness among consumers regarding energy efficiency and environmental sustainability has also contributed to the market growth. The government initiatives promoting the use of energy-efficient appliances, coupled with the rising trend of smart homes, have also propelled the demand for electric housewares and fans in Ghana. Moreover, advancements in technology such as Internet-of-Things (IoT) integration in appliances have further boosted market growth by offering convenience and ease of use to consumers.
Despite the promising growth prospects, the Ghana Electric Housewares and Fans Market faces challenges. These include the fluctuating prices of raw materials used in the production of these appliances which can lead to higher production costs and ultimately affect the pricing of these products in the market. Moreover, the high energy consumption and carbon footprint may pose a challenge for manufacturers in the market. These challenges aim to promote sustainable practices, which can require additional investments and resources from companies to comply with energy efficiency standards.
Key players in the Ghana Electric Housewares and Fans Market include international brands like Electrolux, Whirlpool Corporation, LG Electronics, Panasonic Corporation, Samsung Electronics, and Dyson. These companies are investing heavily in R&D to create innovative and efficient products to expand their market presence. Currently, Electrolux holds the largest share in the market.
The government of Ghana has implemented various regulations and policies to promote the use of energy-efficient appliances in the country. The Energy Efficiency Standards and Labelling (EESL) program was introduced by the Energy Commission of Ghana to regulate and enforce minimum energy performance standards for household appliances, including electric housewares and fans. This program aims to reduce energy consumption and greenhouse gas emissions from these products while also promoting consumer awareness about energy efficiency. Moreover, the government has also implemented import duties on certain types of electronic housewares and fans to encourage local manufacturing and boost the domestic market. These measures not only support sustainable practices but also aim to create job opportunities in the country.
The Ghana Electric Housewares and Fans Market is expected to continue growing in the coming years, driven by factors such as increasing urbanization, electrification, and changing lifestyles, advancements in appliance technology, and the rising trend of smart appliances. With ongoing technological advancements and focus on R&D, more innovative and efficient appliances are being introduced into the market. The implementation of government regulations and initiatives towards sustainable practices will also play a significant role in shaping the future of the market. Moreover, with the increasing awareness about energy efficiency and a shift towards smart appliances, there is an opportunity for companies to capitalise on this trend by offering innovative and environmentally friendly alternatives in their product portfolio.
According to Dhaval, Research Manager, 6Wresearch, Electric Housewares hold the dominant market share due to their wide applications and convenience.
Ceiling fans are expected to hold the dominant share due to their energy efficiency and wide use in residential and commercial buildings.
Air purifiers are expected to dominate due to their increasing demand amid growing health concerns and environmental pollution.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ghana Electric Housewares and Fans Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Electric Housewares and Fans Market Revenues & Volume, 2021 & 2031F |
3.3 Ghana Electric Housewares and Fans Market - Industry Life Cycle |
3.4 Ghana Electric Housewares and Fans Market - Porter's Five Forces |
3.5 Ghana Electric Housewares and Fans Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Ghana Electric Housewares and Fans Market Revenues & Volume Share, By Electric Fans Types, 2021 & 2031F |
3.7 Ghana Electric Housewares and Fans Market Revenues & Volume Share, By Electric Housewares Types, 2021 & 2031F |
4 Ghana Electric Housewares and Fans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Electric Housewares and Fans Market Trends |
6 Ghana Electric Housewares and Fans Market, By Types |
6.1 Ghana Electric Housewares and Fans Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Ghana Electric Housewares and Fans Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Ghana Electric Housewares and Fans Market Revenues & Volume, By Housewares, 2021-2031F |
6.1.4 Ghana Electric Housewares and Fans Market Revenues & Volume, By Fans, 2021-2031F |
6.2 Ghana Electric Housewares and Fans Market, By Electric Fans Types |
6.2.1 Overview and Analysis |
6.2.2 Ghana Electric Housewares and Fans Market Revenues & Volume, By Ceiling Fans, 2021-2031F |
6.2.3 Ghana Electric Housewares and Fans Market Revenues & Volume, By Floor Fans, 2021-2031F |
6.2.4 Ghana Electric Housewares and Fans Market Revenues & Volume, By Wall-mounted Fans, 2021-2031F |
6.3 Ghana Electric Housewares and Fans Market, By Electric Housewares Types |
6.3.1 Overview and Analysis |
6.3.2 Ghana Electric Housewares and Fans Market Revenues & Volume, By Air purifiers, 2021-2031F |
6.3.3 Ghana Electric Housewares and Fans Market Revenues & Volume, By Blenders, 2021-2031F |
6.3.4 Ghana Electric Housewares and Fans Market Revenues & Volume, By Broilers, 2021-2031F |
6.3.5 Ghana Electric Housewares and Fans Market Revenues & Volume, By Hair curlers, 2021-2031F |
6.3.6 Ghana Electric Housewares and Fans Market Revenues & Volume, By Heaters, 2021-2031F |
6.3.7 Ghana Electric Housewares and Fans Market Revenues & Volume, By Toothbrushes, 2021-2031F |
7 Ghana Electric Housewares and Fans Market Import-Export Trade Statistics |
7.1 Ghana Electric Housewares and Fans Market Export to Major Countries |
7.2 Ghana Electric Housewares and Fans Market Imports from Major Countries |
8 Ghana Electric Housewares and Fans Market Key Performance Indicators |
9 Ghana Electric Housewares and Fans Market - Opportunity Assessment |
9.1 Ghana Electric Housewares and Fans Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Ghana Electric Housewares and Fans Market Opportunity Assessment, By Electric Fans Types, 2021 & 2031F |
9.3 Ghana Electric Housewares and Fans Market Opportunity Assessment, By Electric Housewares Types, 2021 & 2031F |
10 Ghana Electric Housewares and Fans Market - Competitive Landscape |
10.1 Ghana Electric Housewares and Fans Market Revenue Share, By Companies, 2024 |
10.2 Ghana Electric Housewares and Fans Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |