Portable Air-conditioner Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

The portable air-conditioner market size has the potential to grow by USD 241.99 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

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.

Market Overview

Market Competitive Analysis

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

Portable Air-Conditioner Market: Segmentation by Region

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.

Portable Air-Conditioner Market: Segmentation by End-user

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.

Portable Air-Conditioner Market: Key Drivers and Trends

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.

Portable Air-Conditioner Market: Key Highlights of the Report for the Forecast Period 2020-2024

• 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