The North America portable air conditioner market is a dynamic industry characterized by the growing demand for flexible and convenient cooling solutions. Consumers value the ability to cool specific areas without requiring extensive installations or permanent fixtures. With a diverse range of products catering to different room sizes and functionalities, the market reflects a growing need for adaptable climate control solutions. This industry's dynamism is underscored by continually pursuing user-friendly features and innovative technologies to meet evolving consumer preferences.
Access Full Report @ https://www.databridgemarketresearch.com/reports/north-america-portable-air-conditioner-market
Data Bridge Market Research analyses that the North America Portable Air Conditioner Market was USD 14,499.88 million in 2022 and is expected to reach USD 19,540.84 million by 2030, registering a CAGR of 3.8% during the forecast period of 2023 to 2030. Portable air conditioners are increasingly adopted in commercial spaces for targeted cooling in specific zones and addressing peak demand periods, offering flexibility for enhanced climate control.
Key Findings of the Study
Increasing urbanization is expected to drive the market's growth rate
As urbanization intensifies and living spaces become more compact, the demand for versatile and space-saving cooling solutions rises. Portable air conditioners, fitting seamlessly into smaller residences, are favored for their adaptability. Their ability to cool specific areas without requiring extensive installations aligns with the spatial constraints of urban living, making them a practical choice for individuals seeking efficient and flexible climate control in condensed living environments.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Category (Small Room, Medium Room, and Large Room), Product (6,000 BTU, 8,000 BTU, 10,000 BTU, 14,000 BTU and Others), Capacity (Upto 1 Ton, 1.1 To 1.5 Ton, 1.6 To 2 Ton and Above 2 Ton), Application (Residential, Commercial, Industrial and Others), Distribution Channel (Online, Supermarkets and Hypermarkets, Specialty Stores, Departmental Stores and Others)
|
|
Countries Covered
|
U.S., Canada, and Mexico in North America
|
|
Market Players Covered
|
De'Longhi Appliances S.r.l. (Italy), LG Electronics (South Korea), Midea Group (China), OceanAire Inc. (U.S.), Flagro U.S., Inc. (Canada), Whynter LLC (U.S.), Honeywell International Inc. (U.S.), AB Electrolux (Sweden), BLACK+DECKER Inc. (A Subsidiary of Stanley Black & Decker, Inc.) (U.S.), Whirlpool Corporation (U.S.), Haier Inc. (China), Daikin Industries, Ltd. (Japan), United Coolair, LLC. (U.S.), Air Rover, Inc. (U.S.), and MovinCool (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
|
Segment Analysis:
The North America portable air conditioner market is segmented on the basis of category, product, capacity, application, and distribution channel.
- On the basis of category, the North America portable air conditioner market is segmented into small room, medium room and large room
- On the basis of product, the North America portable air conditioner market is segmented into 6,000 BTU, 8,000 BTU, 10,000 BTU, 14,000 BTU and others
- On the basis of capacity, the North America portable air conditioner market is segmented into upto 1 ton, 1.1 to 1.5 ton, 1.6 to 2 ton and above 2 ton
- On the basis of application, the North America portable air conditioner market is segmented into residential, commercial, industrial and others
- On the basis of distribution channel, the North America portable air conditioner market is segmented into online, supermarkets and hypermarkets, specialty stores, departmental stores and others
Major Players
Data Bridge Market Research recognizes the following companies as the major North America portable air conditioner market players in North America portable air conditioner market are BLACK+DECKER Inc. (A Subsidiary of Stanley Black & Decker, Inc.) (U.S.), Whirlpool Corporation (U.S.), Haier Inc. (China), Daikin Industries, Ltd. (Japan), United Coolair, LLC. (U.S.), Air Rover, Inc. (U.S.), and MovinCool (U.S.)
Market Developments
- In June 2023, Panasonic and Xiaomi entered a strategic partnership to manufacture and enhance air conditioning systems tailored to China. The partnership extends beyond manufacturing, encompassing joint efforts in technology development, reflecting a shared commitment to advancing innovative solutions in the air conditioning sector to meet consumers' specific needs and preferences.
- In March 2023, Hitachi Air Conditioning India Ltd. established a significant partnership with Delhivery Ltd. Delhivery is tasked with managing the transportation process, encompassing the transfer of goods from Hitachi's central warehouse to 21 local distribution centers. This partnership extends to the final delivery of products, reaching 1,100 service centers across India, streamlining the distribution and logistics operations effectively
- In February 2023, Zamil Air Conditioners Company and Samsung Electronics collaborated to expand their joint efforts in domestically producing air conditioners with VRF technology. This collaboration aims to strengthen their manufacturing initiative, with both companies committing to close cooperation for the advancement of air conditioning technology and production capabilities
- In November 2021, CES exhibitor LG Electronics announced plans for an innovative approach at CES 2022. With its traditional 22,000-square-foot booth in the Las Vegas Convention Center's Central Hall, LG aims to merge physical and virtual realms seamlessly. Utilizing both virtual and augmented reality, the company envisions an engaging experience, connecting visitors to its latest technology innovations
- In September 2021, The De’ Longhi Group launched a worldwide communication campaign featuring Brad Pitt as their ambassador. The campaign aims to embody the De’ Longhi brand's bold, international, sophisticated, and elegant spirit. Pitt's association reflects the company's commitment to sustainability, aligning with his appreciation for art and design, making him an ideal representative to convey the brand's values to a global audience
Regional Analysis
Geographically, the countries covered in the North America portable air conditioner market report are U.S., Canada, and Mexico in North America.
As per Data Bridge Market Research analysis:
U.S. is the dominant country in North America portable air conditioner market during the forecast period 2023-2030
U.S. dominates the North America portable air conditioner market, propelled by significant spending on home improvement, particularly in interior design. The emphasis on enhancing living spaces contributes to a robust demand for portable air conditioners as consumers seek effective and aesthetically pleasing cooling solutions. This trend underscores the market's growth, driven by the U.S.'s commitment to home enhancements and the pursuit of personalized, comfortable living environments.
Canada is estimated to be the fastest-growing country in North America portable air conditioner market during the forecast period 2023-2030
Canada is expected to dominate the North American portable air conditioner market, driven by a notable surge in industrial applications. The increasing adoption of portable air conditioners in industrial settings is fueling demand among end-users nationwide. This underscores the growing significance of portable cooling solutions in addressing diverse needs and requirements within Canada's industrial landscape, contributing to the nation's prominence in the regional market.
For more detailed information about the North America portable air conditioner market report, click here – https://www.databridgemarketresearch.com/reports/north-america-portable-air-conditioner-market
