Global Portable Air Coolers Market, By Type (Portable Air Conditioner For Small Room, Portable Air Conditioner For Medium Room and Portable Air Conditioner For Large Room), Product (Hard-sided, Soft-sided and Others), Application (Residential and Commercial), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the global portable air coolers market will project a CAGR of 14.50% for the forecast period of 2022-2029. Growth and expansion of consumer electronics, increased focus of the major market players to incorporate smart technologies in the air conditioners and ever-rising global temperature coupled with increasing personal disposable income are the major factors attributable to the growth of portable air coolers market.
Portable air conditioners are increasingly gaining popularity across the globe. The portable air coolers are lightweight in nature, easy to handle, versatile in functioning and do not need installation. Portable air conditioners utilize refrigerants to minimize humidity and are considerably more efficient to run as compared to fixed air coolers. The portable air coolers are based on the process that involves draining out the moisture from the atmosphere. Portable air coolers require low power or consume less energy and therefore, are environmental friendly in nature. the portable air coolers utilize pads soaked in water to make the surroundings cool.
Increased commercialization and changing lifestyles of human in line with adoption of smart technologies is one of the major factors fostering growth of the portable air coolers market. Rising availability of advanced and energy efficient portable air coolers will further create lucrative growth opportunities for the portable air coolers market. Growing awareness about the affordability of portable air coolers especially in the developing economies, rising environmental concerns, stringent regulations imposed by the government on releasing CFCs, growing focus of the major manufacturers on technological advancements and high rate of promotional activities especially advertisements involving celebrities as the face of the brand are other important factors bolstering the portable air coolers market growth rate.
However, intense pricing pressure over the manufacturers will pose a major challenge to the growth of portable air coolers market. Also, low effectiveness as compared to the air conditioners will derail the portable air coolers market growth rate. Growing availability of low cost substitutes such as ceiling and standing fans, lack of distribution channels and proper electrification in rural areas will further restrict the scope of portable air coolers growth.
This portable air coolers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 portable air coolers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Portable Air Coolers Market Scope and Market Size
The portable air coolers market is segmented on the basis of type, product and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the portable air coolers market is segmented into portable air conditioner for small room, portable air conditioner for medium room and portable air conditioner for large room.
- Based on the product, the portable air coolers market is segmented into hard-sided, soft-sided, others
- The portable air coolers market is also segmented based on application into residential and commercial
Portable Air Coolers Market Country Level Analysis
The portable air coolers market is analyses and market size, volume information is provided by country, type, product and application as referenced above.
The countries covered in the portable air coolers market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific is undergoing substantial gains as it is dominating the global portable air coolers market. The region will continue to witness a rise in the market growth rate during the forecast period owing to the increased demand for energy efficient portable air coolers and rise is the preference of consumers in this space for air cooler. Asia-Pacific will continue to undergo substantial gains during the forecast period owing to the presence of major market players in this region and increasing personal disposable income.
The country section of the portable air coolers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Competitive Landscape and Portable Air Coolers Market Share Analysis
The portable air coolers 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 coolers market.
Some of the major players operating in the portable air coolers market are De’ Longhi Appliances S.r.l., Air-Art Heating & Air Conditioning, HK Appliances GmbH, Dover Corporation, GENERAL ELECTRIC COMPANY, Hitachi, Ltd., Olimpia Splendid S.p.A, LG Electronics, Haier Inc., SunTec Web Services Pvt. Ltd, Carrier., Whirlpool Corporation., WHYNTER LLC, Gree, Panasonic Corporation, GUANGDONG CHIGO AIR CONDITIONING CO.,LTD., Electrolux, Robert Bosch GmbH, Dacor, Inc. and Koninklijke Philips N.V., among others.