Portable Air Conditioners Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

The global portable air conditioners market is expected to expand at a CAGR of 5.2% during the forecast period from 2021 to 2029. The growth will be majorly driven by the combination of factors including rapid urbanization, increased discretionary household expenditure, and technology advances leading to the introduction of more smart energy efficient variants. Other factors driving adoption of portable air conditioners include benefits offered in terms of mobility, easy/flexible installation, and affordability as compared to other equivalents. On the contrary, portable air conditioning units make more noise than other equivalents like window or split AC units, which limits their adoption, especially among residential consumers.

Rapid Urbanization & Improving Standard of Living to Drive Market Demand in Asia Pacific

Asia Pacific represents the largest portable air conditioners market worldwide in terms of both unit shipments and market value. The region accounted for over 40% of the total market value in 2020 and expected to continue its supremacy, offering healthy growth opportunities for manufacturers during the forecast period from 2021 to 2029. The anticipated growth will be on the back of increasing discretionary income of middle class population, varying environmental conditions, and economic development resulting in infrastructural development across both residential and commercial spaces. China and Japan are by far the two largest portable air conditioner markets in the region and are prime exporters to the African and European markets. In addition, government regulations promoting use of energy efficient solutions will compel manufacturers to develop smart, eco-friendly products, thereby driving the replacement demand during the forecast period from 2021 to 2029. In developed economies such as North America and Europe, the replacement demand will be higher than fresh installations owing to market characteristics and prompt technology adoption.

Key Players:

Some of the leading portable air conditioner manufacturers profiled in the research study include LG Electronics Inc. (South Korea), AMFAH (India), AB Electrolux (Sweden), Whynter LLC (the U.S.), Royal Sovereign International, Inc. (the U.S.), LLYOD, Paradis Hitech Industries Pvt. Ltd. (India), Midea Group (China), and Olimpia Splendid S.p.A (Italy) among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2019 to 2029, considering 2020 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2021 to 2029.

Key segments covered in the report are as follows:

End-use Segment (2019-2029; US$ Bn)

• Residential
• Commercial
• Medical & Hospitals
• Corporate Businesses
• Others
• Industrial

Sales Channel Segment (2019-2029; US$ Bn)

• Direct Retail
• Online Retail

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the global portable air conditioners market size in 2019 & 2029?
• What is the estimated forecast and market projections from 2021 up to 2029?
• Which region is largest regional market for portable air conditioners?
• Which end-use segment contributes the largest revenue worldwide?
• Predominant trends shaping the global portable air conditioners market worldwide
• Who are the leading manufacturers in the global portable air conditioners market worldwide?
• What are the key strategies adopted by the leading manufacturers in the global management market?

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