Global Portable AC Market Is Expected to Reach USD 2.26 Billion by 2025

As per the report published by Market Research Place, the global portable AC market is expected to grow from USD 1.13 Billion in 2018 to USD 2.26Billion by 2025 at a CAGR of 10.22% during the forecast period 2019-2025.

As portable ACs are gaining momentum in the market, newly advanced technologies are making significant impact on the future growth prospects of the market. Manufacturers of portable air conditioners are focusing on integrating next-generation technologies in the portable AC to enhance the features such as control, ease of use, and connectivity. For instance, integrating IoT technology in the portable AC, makes it possible for the users to control the portable AC while giving the command to one of the connected devices. It offers the features such as smart sleep manager, energy consumptions, and self-diagnosis.

Download Free Sample Report: https://www.marketresearchplace.com/report/global-portable-ac-market-research-report-2019-138995.html#sample

Portable AC is a self-contained portable system ideal for cooling single rooms. They typically placed on the floor and come with an installation kit for quick set up. Portable ACs are much smaller in size and can easily move from one place to another according the convenience.Most of the portable ACs also have wheels so user can move them to different rooms, making them alternative to window units.This portability future also help to save a lot of space in household as well as in commercial area.

Global portable AC market is expected to witness growth over the forecast period, due to increasing needs for compact and movable air conditioning systems across the globe. However, higher power consumption of portable air conditioning as compared to alternative electrical appliances is expected to hamper the market growth during the forecast period. Rapid urbanization in the countries of emerging regions such as Asia Pacific, South America, and Middle East is likely to.

Key players operating in the global portable AC market include Carrier Corporation,NewAir, Whynter LLC, Gree Electric Appliances Inc., Whirlpool, SUNTEC WELLNESS, Haier Inc., Olimpia Splendid S.p.A, Midea, LG Electronics, Electrolux,and De'Longhi Appliances S.r.l. among others. The key players of portable AC market are now focusing on adopting the strategies such as mergers & acquisitions, product innovations, geographical expansion, joint venture, collaborations, and partnership.Furthermore, manufacturers are bring new innovative products in the market.

o For instance, in July 2019, Sony has developed a new portable air conditioner (AC) called Reon Pocket, which releases cool air through a small rear panel and can wear with the clothes. The Reon Pocket is lighter and smaller than a mobile phone
o For instance, in March, 2019, De'Longhi Appliances S.r.l. announced the launch of new portable ACs to the Pinguino EX Series Portable Air Conditioner line with models featuring heating functions, antibacterial Biosilver filters, Whisper Cool technology and new colors options: black, white and light grey to fit any design aesthetic.
o For instance, in April 2019, LG Electronics announced the expansion of energy-efficient dual-inverter room air conditioners with the launch of a new 14,000 BTU Smart Wi-Fi-enabled Portable Air Conditioner, with three window models ranging from 9,500 to 22,000 BTUs. These LG portable air conditioners operate at sound levels as low as 44 decibels.
o June 2017, Carrier Corporation announced the investment in rental service of portable AC units and has invested in a new fleet of 400 high-performance portable air conditioning units to meet summer demand.

To Get More Details: https://www.marketresearchplace.com/report/global-portable-ac-market-research-report-2019-138995.html

The portable AC for smaller room held largest market share of 54.59% in 2018

The type segment is divided into portable AC for smaller room, portable AC for medium room, and portable AC for large room. The portable AC emerged as the leader in the global portable ACmarket with a market share of 54.59% in 2018. This is mainly due to increasing demand for portable ACs for the smaller rooms which are up to 350 sq. Ft. For smaller areas, a compact or mini AC that emits 8000 BTU is one of the popular type in the market. In addition this, the portable ACs are more efficient at cooling the smaller rooms among others type of rooms.

The residential segment is anticipated to grow at a CAGR of around 10.27%in 2019-2025

The application segment of global portable AC market classified into residential and commercial application.The residential segment is anticipated to grow at a CAGR of around 10.27%over the forecast period. The growth is positively impacted by rising consumer awareness and the growth in disposable income in the developing countries, which is making portable air conditioners affordable. In addition to this, consumers are being lured by companies with several offers that include easy finance, extended warranty and free service etc.

RegionalSegment Analysis of the Portable AC Market
o North America (U.S. , Canada, Mexico)
o Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
o Asia-Pacific (China, Japan India, Rest of APAC)
o South America (Brazil and Rest of South America)
o Middle East and Africa (UAE, South Africa, Rest of MEA)

The Asia Pacific region led the global portable ACmarket with a market share of 41.12% in 2018 owing tohigh penetration of portable ACs in the region. The region is providing the prime consumer base for the portable AC market, with the increasing income level, rapid urbanization, and increasing consumer lifestyle. Furthermore, in India, during the summer, temperatures goes as high as 50 degree Celsius, thus there is rising need for portable AC in the country. The Europe hold the second largest market share in the global portable AC market, owing to its compact and portability feature.

For Instant Purchase:

Single User License: https://www.marketresearchplace.com/checkout.html?reportid=138995&type=single

Corporate License:https://www.marketresearchplace.com/checkout.html?reportid=138995&type=corp

About the report:
The global portable AC market is analysed on the basis of value (USD Billion), volume (Units), consumption (Units), imports (Units) and exports (Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

Contact Us

Mark Stone
Sales Manager
Office-102, Sanskriti Aspirations
Baner Road, Pune,
MH 411045, India
Phone: (201) 465-4211
Email: sales@marketresearchplace.com
Web: www.marketresearchplace.com

Market Research Place is a leading market intelligence company that sells reports of top publishers in the technology industry.

Our extensive research reports cover detailed market assessments that include major technological improvements in the industry. Market Research Place also specializes in analyzing hi-tech systems and current processing systems in its expertise.

This release was published on openPR.