The global Portable AC market was valued at US$ 659.2 million in 2020 and it is expected to reach US$ 1191.1 million by the end of 2027, growing at a CAGR of 8.7% during 2021-2027.
Portable air conditioners are a device to modify the condition of air (heating, cooling, but mainly cooling). Perfect for a variety of cooling situations, portable air conditioners are great alternatives to traditional air conditioning systems because they’re compact, mobile, and require no permanent installation. Moreover, because they’re usually used to cool only certain parts of a home or as a supplement to central air conditioners, they can be much more cost-effective to run. Portable air conditioners use refrigerants to reduce the temperature. During the cooling process, moisture is condensed out of the air and collected in a drain bucket or exhausted out through a drain hose or evaporated out the exhaust. The heating system uses PTC heating technology, fast heat transfer, high efficiency, and low power consumption.
The Europe and North America regions is the major consumer in the market, as its cooling capacity matches with the environmental conditions of these regions. The global leading players in this market are DeLonghi, Airart and Electrolux, which accounts for 30.08% of total revenue in 2014. In China the market leaders are Midea, Haier and Gree.
The portable air conditioner is mainly used in factories & warehouses, equipment & server rooms, medical & hospitals, and residential care facilities & apartment communities. The application market share of residential care facilities & apartment communities is up to 74.79% and it is forecasted that share will up to 76% in 2020 with personal incomes and consumer spending rise.
Global Portable AC Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Portable AC Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are DeLonghi, Airart, Electrolux, OlimpiaSplendid, Midea, LG, Haier, Suntec, Carrier, Whirlpool, NewAir, Whynter, Gree, Panasonic, Aux, Chigo and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-portable-ac-market-outlook
Segment by Type
- 6,000 BTU Portable Air Conditioner
- 8,000 BTU Portable Air Conditioner
- 10,000 BTU Portable Air Conditioner
- 14,000 BTU Portable Air Conditioner
Segment by Application
- Equipment & Server Rooms
- Factories & Warehouses
- Medical & Hospitals
Table of Content:
1 Portable AC Market Overview
2 Portable AC Market Competition by Manufacturers
3 Portable AC Retrospective Market Scenario by Region
4 Global Portable AC Historic Market Analysis by Type
5 Global Portable AC Historic Market Analysis by Application
6 Key Companies Profiled
7 Portable AC Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Portable AC Market Dynamics
10 Global Portable AC Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.