The global portable air conditioner market is expected to grow at a CAGR of 5.2% between 2018 and 2026. The growth will be largely driven by a combination of factors, including rapid urbanization, increased discretionary household expenditure, and technological advances leading to the introduction of more smart energy-efficient variants. Other factors driving the adoption of portable air conditioners include benefits offered in terms of mobility, easy or flexible installation, and affordability as compared to other equivalents. On the contrary, portable air conditioning units make more noise than other equivalents, like window or split A.C. units, which limits their adoption, especially among residential consumers.
Rapid urbanization and rising living standards will drive market demand in the Asia Pacific.
Asia Pacific represents the largest portable air conditioner market worldwide in terms of both unit shipments and market value. The region accounted for over 40% of the total market value in 2017 and is expected to continue its supremacy, offering healthy growth opportunities for manufacturers during the forecast period from 2018 to 2026. The anticipated growth will be driven by the increasing discretionary income of the middle-class population, varying environmental conditions, and economic development, resulting in infrastructural development across both residential and commercial spaces.
China and Japan are by far the two largest portable air conditioner markets in the region and are prime exporters to the African and European markets. In addition, government regulations promoting the use of energy-efficient solutions will compel manufacturers to develop smart, eco-friendly products, thereby driving the replacement demand during the forecast period from 2018 to 2026. In developed economies such as North America and Europe, the replacement demand will be higher than for fresh installations, owing to market characteristics and prompt technology adoption.
Key Players:
Some of the leading portable air conditioner manufacturers profiled in the research study include L.G. Electronics Inc. (South Korea), AMFAH (India), A.B. Electrolux (Sweden), Whynter LLC (the U.S.), Royal Sovereign International, Inc. (the U.S.), LLYOD, Paradis Hitech Industries Pvt. Ltd. (India), Midea Group (China), and Olimpia Splendid S.p.A. (Italy), among others.
Periods of History and Forecast
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Key questions are answered in this report.
What was the size of the global portable air conditioner market in 2016 and 2017?
What are the estimated forecasts and market projections from 2018 up to 2026?
Which region has the largest regional market for portable air conditioners?
Which end-use segment contributes the largest revenue worldwide?
Predominant trends shaping the global portable air conditioner market worldwide
Who are the leading manufacturers in the global market for portable air conditioners?
What are the key strategies adopted by the leading manufacturers in the global management market?
Frequently Asked Questions:
The market for Portable Air Conditioners Market is expected to reach US$ XX Bn by 2026.
The Portable Air Conditioners Market is expected to see significant CAGR growth over the coming years, at 5.2%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Electronics Inc. (South Korea), AMFAH (India), A.B. Electrolux (Sweden), Whynter LLC (the U.S.), Royal Sovereign International, Inc. (the U.S.), LLYOD, Paradis Hitech Industries Pvt. Ltd are some of the major players in the global market.
