Press release
Portable AC Market will reach 450 million US$ in 2023
Portable air conditioners are a device to modify the condition of air (heating, cooling, but mainly cooling). Perfect for a variety of cooling situations, portable air conditioners are great alternatives to traditional air conditioning systems because they're compact, mobile, and require no permanent installation. Moreover, because they're usually used to cool only certain parts of a home or as a supplement to central air conditioners, they can be much more cost-effective to run. Portable air conditioners use refrigerants to reduce the temperature. During the cooling process, moisture is condensed out of the air and collected in a drain bucket or exhausted out through a drain hose or evaporated out the exhaust. The heating system uses PTC heating technology, fast heat transfer, high efficiency, and low power consumption.
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Global Portable AC Market: Forecast by Type / Application / Region
The Europe and North America regions is the major consumer in the market, as its cooling capacity matches with the environmental conditions of these regions. The global leading players in this market are DeLonghi, Airart and Electrolux, which accounts for 30.08% of total revenue in 2014. In China the market leaders are Midea, Haier and Gree.
The portable air conditioner is mainly used in factories & warehouses, equipment & server rooms, medical & hospitals, and residential care facilities & apartment communities. The application market share of residential care facilities & apartment communities is up to 74.79% and it is forecasted that share will up to 76% in 2020 with personal incomes and consumer spending rise.
The worldwide market for Portable AC is expected to grow at a CAGR of roughly 0.3% over the next five years, will reach 450 million US$ in 2023, from 440 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
DeLonghi
Airart
Electrolux
OlimpiaSplendid
Midea
LG
Haier
Suntec
Carrier
Whirlpool
NewAir
Whynter
Gree
Panasonic
Aux
Chigo
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Related Information:
United States Portable AC Market 2018 Forecast to 2023
Europe Portable AC Market 2018 Forecast to 2023
North America Portable AC Market 2018 Forecast to 2023
Asia-Pacific Portable AC Market 2018 Forecast to 2023
China Portable AC Market 2018 Forecast to 2023
EMEA Portable AC Market 2018 Forecast to 2023
Global Portable AC Market 2018 Forecast to 2023
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