Portable Air Conditioner Market to reach USD 1.60 Billion at a CAGR of 4.6 percent by 2030 – Says Maximize Market Research
Maximize Market research, a leading Electronics business consultancy and research firm has published a report on the “Portable Air Conditioner Market”. The total market opportunity for Portable Air Conditioner Market was USD 1.17 Billion in 2023 and is expected to grow at a CAGR 4.6 percent through the forecast period, reaching USD 1.60 Billion by 2030.
Portable Air Conditioner Market Scope and Research Methodology
Market Size in 2023: USD 1.17 Billion
Market Size in 2030: USD 1.60 Billion
CAGR: 4.6 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 220
No. of Tables: 138
No. of Charts and Figures: 191
Segment Covered: By Type, Capacity, Distribution Channel and End-User
Regional Scope: North America, Europe, Asia Pacific, and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
Portable Air Conditioner Market Overview
A portable air conditioner (PAC) is a compact, standalone unit designed to cool individual rooms. The portable air conditioner market has seen significant growth in recent years due to factors like urbanization, rising temperatures, technological advancements, and shifting consumer preferences. These units are valued for their compactness, lightweight design, and suitability for specific areas or rooms.
Portable Air Conditioner Market Dynamics
Rising temperature to boost the Portable Air Conditioner Market growth
The portable air conditioner market has recently seen significant growth driven by several key factors. One of the primary reasons is the increasing demand for flexible and convenient cooling solutions in both residential and commercial spaces. Portable air conditioners offer the advantage of mobility, allowing users to cool specific rooms without the need for permanent installations or ductwork. Additionally, rising temperatures and the growing unpredictability of climate patterns have led to a substantial surge in the need for efficient cooling solutions.
Limitations for cooling capacity to limit Portable Air Conditioner Market growth
Portable air conditioners typically have a limited cooling capacity, ranging from 5,000 to 20,000 BTUs. These units offer mobility and flexibility, making them ideal for smaller spaces or individual rooms. However, in commercial settings such as offices, retail stores, or restaurants, where substantial cooling is required, portable air conditioners may fall short. Larger spaces with multiple workstations or high foot traffic necessitate more powerful cooling solutions, such as fixed air conditioning systems with higher capacities and centralized distribution.
Portable Air Conditioner Market Regional Insight
The portable air conditioner market in the Asia-Pacific region is anticipated to grow rapidly, driven by continuous development in countries like India and China. Factors such as climate conditions, technological advancements, and evolving consumer preferences are fueling this expansion. Rising temperatures, increasing incomes, and rapid urbanization have boosted the demand for portable cooling systems in these areas.
Portable Air Conditioner Market Segment Analysis
By Type
- Single-Hose Portable Air Conditioners
- Dual-Hose Portable Air Conditioners
- Self-Evaporating Portable Air Conditioner
- Others
By Capacity
- 5000-10000 BTUs
- 11000-15000BTUs
- 16000-20000 BTUs
- 20000 & Above BTUs
By Distribution Channel
- Online Retail
- Offline Retail
By End-User
- Residential
- Commercial
Portable Air Conditioner Market Key Players Include:
- carrier corporation(NORTH America)
- De’Longhi Group(Europe)
- Daikin(APAC) Industries Ltd.
- Blue Star Limited,(ME)
- Danby Products Limited olimpia splendid
- Gree Electric Appliances Inc.
- living direct
- Frigidaire (Electrolux)
- Haier Group Corporation
- Friedrich Air Conditioning Co.
- Hisense Group
- Honeywell International Inc.
- Midea Group Co., Ltd.
- LG Electronics Inc.
- newair llc
- Whirlpool Corporation
- Whynter LLC
- united coolair corporation
- Black+Decker
- Soleus Air
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Key questions answered in the Portable Air Conditioner Market are:
- What is Portable Air Conditioner?
- What is the current growth rate of the Portable Air Conditioner Market?
- Who are the key players in the Portable Air Conditioner Market?
- What are the factors affecting growth in the Portable Air Conditioner Market?
- Which segment largest market share in Portable Air Conditioner Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Type of Portable Air Conditioner, Application, End-User Industry and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Automotive Air Conditioner Control Switch Market: Market size is projected to reach US$ 12.83 Bn. by end of 2029, at a CAGR of 6.8 percent. The passenger vehicle dominates the automotive air conditioner control switch market and is expected to maintain dominance in the forecast period
Hazardous Location Air Conditioners Market: Market size was valued at US$ 3.7 Mn. in 2022 and the total revenue is expected to grow at 3.4 percent through 2022 to 2029, reaching nearly US$ 4.67 Mn.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Website: https://www.maximizemarketresearch.com/market-report/portable-air-conditioner-market/194526/
