Market Research Report
Global Portable Air Conditioner Market Size study, by Type, End-User, Distribution Channel and Regional Forecasts 2020-2027
|Global Portable Air Conditioner Market Size study, by Type, End-User, Distribution Channel and Regional Forecasts 2020-2027|
Published: May 3, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Portable Air Conditioner Market is valued approximately USD 613.6 million in 2019 and is anticipated to grow with a healthy growth rate of more than 4.5 % over the forecast period 2020-2027. Portable air conditioner is a type of air conditioner which can be moved from one room to another room. They are light in weight which makes it easy to move; they require low consumption of power and are less noisy. They are preferred due to the convenience that they provide in urban areas.The major driver for Portable Air Conditioner Market is the rise in per capita income of people. For instance, according to World Bank data, average per capita income of the world has increased from $11,385.553 in 2018 to 11,433.216 in 2019. The other driver that is expected to boost the market growth is the innovative product launches by the companies and manufacturers. For instance, in 2018, Sony launched its new portable air conditioner "Reon Pocket", that can be worn on clothes, it releases cool air through a small rear panel. However, portable air conditioners have less lifespan and are not feasible to use in large halls, rooms, offices, or auditoriums which impedes the growth of the market over the forecast period of 2020-2027. Also, with the rise in adoption of smart home appliances and improvement in the standard of living, the adoption & demand for portable air conditioner is likely to increase.
The regional analysis of global Portable Air Conditioner market has been evaluated for the main regions like Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the growing adoption of electronic devices in households, rising hot climate and government initiatives. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as rising disposable income, urbanization and improving manufacturing infrastructure would create lucrative growth prospects for the Portable Air Conditioner market across Asia-Pacific region.
Major market player included in this report are:
LG Electronics Inc.
Haier Group Corporation
Honeywell International Inc.
The Whirlpool Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Supermarket & Hypermarket
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Portable Air Conditioner Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures