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Market Size in USD Billion
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USD 1.10 Billion |
| USD 1.42 Billion | |
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Global Portable Air Conditioner Market, By Type (Portable Air Conditioner For Small Room, Portable Air Conditioner For Medium Room, Portable Air Conditioner For Large Room), 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 Care Facilities and Apartment Communities, Factories and Warehouses, Medical and Hospitals, Equipment and Server Rooms, Other), End User (Residential, Non-Residential), Distribution Channel (Online, Supermarkets & Hypermarkets, Specialty Stores, Departmental Stores and Others) – Industry Trends and Forecast to 2030.
The increasing trend of portable air conditioners that can be easily installed in a less available room space than a normal space required for an air conditioner. Portable air conditioners are expected to help to decrease the energy consumption rate, because they are compact, produce less noise, are easy to carry and require easy maintenance. As a result, the portable air conditioner market is anticipated to witness significant growth in terms of revenue in the forecast period.
Data Bridge Market Research analyses that the portable air conditioner market was valued at USD 1.10 billion in 2022 and is expected to reach USD 1.42 billion by 2030, registering a CAGR of 3.20% during the forecast period of 2023 to 2030. 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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Portable Air Conditioner For Small Room, Portable Air Conditioner For Medium Room, Portable Air Conditioner For Large Room), 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 Care Facilities and Apartment Communities, Factories and Warehouses, Medical and Hospitals, Equipment and Server Rooms, Other), End User (Residential, Non-Residential), Distribution Channel (Online, Supermarkets & Hypermarkets, Specialty Stores, Departmental Stores and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Haier lnc (India), LG Electronics (South Korea), Panasonic Corporation (Japan), SAMSUNG (South Korea), Whirlpool Corporation (Japan), Honeywell International Inc., (U.S.), Blue Star Limited (India), Voltas Inc, (India), Atlantis Products Pvt. Ltd. (India), Mistral Solutions Pvt. Ltd., (India), Midea Group (China), Alfred Kärcher SE & Co. KG (Germany), De’Longhi Appliances S.r.l. (Italy), Electrolux (Sweden), Olimpia Splendid S.p.A. (Italy), FUJITSU GENERAL (Japan), Vista France (France), Royalsovereign, Inc. (U.S.), GREE ELECTRIC APPLIANCES, INC. (China)
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Market Opportunities
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Market Definition
An individual room cooling system that is self-contained and portable is known as a portable air conditioner (PAC). They normally have an installation kit and are designed to be quickly set up on the floor. They are a good alternative to window units because the majority of versions have wheels so you can transfer them to different rooms.
Drivers
The market for portable air conditioners is primarily driven by increased disposable income. According to data from the World Bank, India's GDP per capita climbed from 2005.863 Rupees in 2018 to 2099.599 Rupees in 2019. Rising disposable incomes, particularly in developing nations such as China and India, raise living standards, making these luxuries more affordable for many households. Malls and other big, enclosed places also use portable air conditioners with more than 10,000 BTU cooling capacities. Thus, the rising disposable income is anticipated to drive the growth rate of the market.
The popularity of environmentally friendly and energy-efficient products is raising the appeal of portable air conditioners. The environment is seriously threatened by the HFC refrigerant emissions that escape from conventional home and workplace air conditioners. These gases have a significant impact on global warming and have the ability to accelerate climate change by 25%. Small personal air conditioners can provide a sustainable, energy-efficient alternative for a warming planet compared to wall-mounted ACs.
Opportunities
The easy installation, handling, and maintenance of portable air conditioners as well as their practical use have greatly fueled the expansion of the portable air conditioner industry worldwide. The portable air conditioner is a lightweight, portable appliance that anyone from young children to senior citizens can handle. Additionally, unlike traditional split or window air conditioners, portable air conditioners require little maintenance and feature built-in self-cleaning technology. The use of Bluetooth and Wi-Fi technology has also increased demand for portable air conditioners.
In terms of market share, the residential sector is anticipated to be in the lead. The reason for this is probably that people are constantly looking for new prospects for personal improvement, and since the transportation sector is rapidly expanding, it has been simple for people to move along with their essential belongings. People are more likely to spend money on portable air conditioners that can be packaged and moved easily and are designed for the size of the room.
Restraints/ Challenges
The lack of consumer awareness of the product is one of the challenges the industry will likely face in the upcoming period. Additionally, rising inflation and higher manufacturing costs for goods as a result of higher raw material costs are some of the most important factors limiting the expansion of the global market.
This portable air conditioner market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the portable air conditioner market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
The portable air conditioner market is segmented on the basis of type, category, product, capacity, application, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Category
Product
Capacity
Application
End User
Distribution Channel
The portable air conditioner market is analyzed and market size insights and trends are provided by country, type, category, product, capacity, application, end user and distribution channel as referenced above.
The countries covered in the portable air conditioner market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the portable air conditioner market because of the increase in housing needs of the population. Moreover, rise in the number of construction activities in both commercial and residential sectors and the developing tourism industry will likely to boost the growth of the market in this region.
North America is anticipated to be the fastest developing region during the forecast period of 2023-2030 due to the stringent regulations by the regional government to decrease energy consumption.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The portable air conditioner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to portable air conditioner market.
Some of the major players operating in the portable air conditioner market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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