Global Portable AC Market Key Growth Factors and Forecast 2025: Midea, LG, Haier, Suntec, Carrier, Whirlpool, NewAir
Vis-à-vis revenue, portable air conditioner market is likely to rise at 2.8% CAGR from 2019 to 2027. Demand from portable AC stems from its availability in few capacities, suitable for both residential and commercial use. Among all, mid-range portable AC with capacity of 11,000 – 15,000 BTUs finds extensive demand.
Physically, portable air conditioner is a movable equipment for air condition purpose. Featuring self-containment, portable AC is a portable equipment ideal for cooling rooms individually. Portable AC usually are placed on floor that come with a complete setup guide for easy installation.
Besides less space, portable AC consume less power, make less noise, and require less maintenance. This validates continued uptake of portable AC for cooling needs.
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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.
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 Portable AC market was valued at 440 Million US$ in 2018 and is projected to reach 450 Million US$ by 2025, at a CAGR of 0.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Portable AC.
This report presents the worldwide Portable AC market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The following manufacturers are covered in this report:
Portable AC Breakdown Data by Type
6,000 BTU Portable Air Conditioner
8,000 BTU Portable Air Conditioner
10,000 BTU Portable Air Conditioner
14,000 BTU Portable Air Conditioner
Portable AC Breakdown Data by Application
Equipment & Server Rooms
Factories & Warehouses
Medical & Hospitals
Residential Care Facilities & Apartment Communities
Portable AC Production by Region
The study objectives are:
To analyze and research the global Portable AC status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Portable AC manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Portable AC market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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