Portable Air Conditioners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Portable Air Conditioners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : February, 2021 | Consumer Goods

Report Digest


Global Portable Air Conditioners Market: Overview

The increasing awareness about energy-efficient and environment-friendly devices is propelling growth of the global portable air-conditioner market. Governments across the globe are making several efforts to encourage the use of innovative and energy-efficient products. This is for the purpose of minimization and control of consumption of high energy. This is due to the fact that electronic appliances make use of nearly half of the total energy disbursed for use in both residential and commercial buildings. This has resulted in the augmented demand for portable air conditioner. Portable air conditioners are ENERGY STAR-certified product, which means improved functionalities, reduced consumption of energy, and saves cost of energy.

The global portable air conditioners market has been segmented based on type, application, distribution channel, and region. The main objective of providing such a comprehensive report is to provide a deep insight into the market.

Global Portable Air Conditioners Market: Notable Developments

The global portable air conditioners market has come across quite a few developments in the last few years. One such development of the market is mentioned below:

  • In February 2019, Daikin Industries, Ltd., Japanese air-conditioning giant, has acquired Austria-based AHT Cooling Systems. Following the acquisition, it is expected that Daikin will likely to widen its reach in Austria.

Some of the key market players of the global portable air conditioners market are

  • LG Electronics Inc.
  • De'Longhi S.p.A
  • Carrier Corporation
  • Daikin Industries, Ltd.
  • Gree Electric Appliances Inc.
  • The Whirlpool Corporation

Global Portable Air Conditioners Market: Growth Drivers

Smart Portable Air Conditioners to Spell Growth of the Market

A portable air conditioner refers to a self-contained movable system that is ideal for the purpose of cooling down a single room. Portable air conditioners are positioned specifically on the floor and they have an installation kit for facilitating a quick setup of the system. Most of the models also come with wheels, and thus are portable. This makes them a suitable alternative to the window units, which is likely to drive the global portable air conditioner market in near future.

In addition, the smart portable air conditioners have come as an emerging trend and are influencing the market in a positive way. Wireless and smart operable air conditioners are gaining traction as it can be operated through smartphone to bring change in the room temperature. It is also capable of adjusting the control modes. Smart portable air conditioners also come with Wi-Fi operability and remote control, thereby encouraging increased adoption by the consumers. Furthermore, the growing awareness about energy-efficient and environment-friendly devices is likely to drive the global portable air conditioner market in near future.

With the relentless technological advancements, consumers are more willing to purchase the next-generation portable air conditioners that are more easy to use and are multi-functional. Manufacturers found in the global portable air conditioners market are integrating various topnotch technologies such as Internet of Things (IoT).The system comes with a variety of sensors in a bid to automate multiple tasks of the machine. As consumers are opting for air conditioners that make less noise, prominent market players are trying to introduce portable air conditioners. These portable air conditioners also come with advanced settings such as sleep-mode operation, dehumidifiers, and are quieter. These advanced settings are likely to offer ample opportunities for growth of the global portable air conditioner market.

Global Portable Air Conditioners Market: Regional Outlook

Based on the parameter of region, the global portable air conditioner market is categorized into the territories of Latin America, Asia Pacific Excluding Japan (APEJ), Middle East and Africa, North America, Europe, and Japan. Portable air conditioners are widely used in commercial spaces in the North America region. The Asia Pacific excluding Japan region is estimated to expand rapidly due to continuous technological advancement and increasing disposable income.

The global portable air conditioners market is segmented as:

Type

  • Standard
  • Smart

Application

  • Residential
  • Commercial
  • Industrial

Distribution Channel

  • Online
  • Offline

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?