Portable Air-conditioner Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR41575
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The portable air-conditioner market size has the potential to grow by $241.99 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (residential and non-residential), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Daikin Industries Ltd., DeLonghi Group, Electrolux Group, Qingdao Haier Co. Ltd., Honeywell International Inc., LG Electronics Inc., Midea Group Co. Ltd., Olimpia Splendid Spa, United Technologies Corp., and Whirlpool Corp.

What will be the Portable Air-conditioner Market Size in 2020?

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Who are the Major Portable Air-conditioner Vendors?

The market is fragmented due to the presence of various regional and global players. The vendors operating in the market compete in terms of new product launches and business expansions. LG Electronics Inc., Midea Group Co. Ltd., Olimpia Splendid Spa, United Technologies Corp., and Whirlpool Corp are some of the major market participants. Although the rising awareness about environment-friendly and energy-efficient devices will offer immense growth opportunities, the increased availability of portable rental ACs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this portable air-conditioner market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this portable air-conditioner market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Daikin Industries Ltd.
  • DeLonghi Group
  • Electrolux Group
  • Qingdao Haier Co. Ltd.
  • Honeywell International Inc.
  • LG Electronics, Inc.
  • Midea Group Co. Ltd.
  • Olimpia Splendid Spa
  • United Technologies Corp.
  • Whirlpool Corp

Which are the Key Markets for Portable Air-conditioner?

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APAC accounted for the largest portable air-conditioner market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing housing needs of the population, increasing number of construction activities in both residential and commercial sectors, and the emerging tourism industry will significantly influence portable air-conditioner market growth in this region.

59% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for portable air-conditioners in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major End-user Segments in the Portable Air-conditioner Market?

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Factors such as favorable economic situations and the growing emphasis of governments on investing in developing infrastructure have resulted in an increase in the number of construction activities globally. This growth in the number of construction activities is likely to create significant demand for portable ACs during the forecast period.

Market growth in this segment will be slower than the growth of the market in the non-residential segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the portable air-conditioner market size.

How will Environment-friendly and Energy-efficient Devices Influence Portable Air-conditioner Market Growth?

The rising awareness about environment-friendly and energy-efficient devices is driving the global portable air-conditioner market. Governments across the globe are encouraging the development of innovative energy-efficient products for minimizing and controlling energy consumption. This has increased the demand for portable air-conditioner, because it is an ENERGY STAR-certified product, which provides better functionalities, saves energy and cost, and lowers energy consumption. The rising awareness about environment-friendly and energy-efficient devices increases the demand for portable air-conditioners, driving market growth.

The advent of smart portable air conditioners is one of the key portable air-conditioner market trends. There is a growing popularity of smart and wireless operable air conditioners as they can be operated through smartphones to change the temperature and adjust control modes. Smart portable air conditioners offer remote control and Wi-Fi operability, encouraging high adoption by consumers. The rising awareness about environment-friendly and energy-efficient devices coupled with the advent of smart portable air conditioners will drive market growth at a CAGR of almost 6% during the forecast period.

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What are the Key Factors Covered in this Portable Air-conditioner Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive portable air-conditioner market growth during the next five years
  • Precise estimation of the portable air-conditioner market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the portable air-conditioner industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of portable air-conditioner market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Residential - Market size and forecast 2019-2024
  • Non-residential - Market size and forecast 2019-2024
  • Market opportunity by End user

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel placement
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Daikin Industries Ltd.
  • DeLonghi Group
  • Electrolux Group
  • Qingdao Haier Co. Ltd.
  • Honeywell International Inc.
  • LG Electronics, Inc.
  • Midea Group Co. Ltd.
  • Olimpia Splendid Spa
  • United Technologies Corp.
  • Whirlpool Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The portable air-conditioner market growth will increase by $241.99 million during 2019-2024.
The portable air-conditioner market is expected to grow at a CAGR of 5.93% during 2019-2024.
Technavio has segmented the portable air-conditioner market by end user (Residential and Non-residential) and geographic (APAC, Europe, North America, and South America).
Daikin Industries Ltd., DeLonghi Group, Electrolux Group, Qingdao Haier Co. Ltd., Honeywell International Inc., LG Electronics Inc., Midea Group Co. Ltd., Olimpia Splendid Spa, United Technologies Corp., Whirlpool Corp. are a few of the key vendors in the portable air-conditioner market.
APAC will register the highest growth rate of 60.23% among the other regions. Therefore, the portable air-conditioner market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • India
  • Russian Federation
The key factors driving the portable air-conditioner market growth are:
  • Technological innovations and portfolio extension leading to product premiumization
  • Emergence of smart grids
The portable air-conditioner market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
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