Portable Air Conditioner Market Share Evolution and Market Growth Trends 2024–2031
Portable Air Conditioner Market Trends, Growth Opportunities, and Forecast Scenarios
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.
Market Analysis and Insights: Global Portable Air Conditioner Market
Due to the COVID-19 pandemic, the global Portable Air Conditioner market size is estimated to be worth USD 1083 million in 2022 and is forecast to a readjusted size of USD 2505.1 million by 2028 with a CAGR of 15.0Percent during the review period. Fully considering the economic change by this health crisis, Portable Air Conditioner For Small Room accounting for Percent of the Portable Air Conditioner global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR in the post-COVID-19 period. While Equipment & Server Rooms segment is altered to an Percent CAGR throughout this forecast period.
The major players in global Portable Air Conditioner market include DeLonghi, Airart, Electrolux, etc. The top 3 players occupy about 30Percent shares of the global market. North America and Europe are main markets, they occupy about 90Percent of the global market. Portable Air Conditioner For Medium Room is the main type, with a share about 70Percent. Residential Care Facilities & Apartment Communities is the main application, which holds a share about 75Percent.
In terms of production side, this report researches the Portable Air Conditioner capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Portable Air Conditioner by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Portable Air Conditioner Scope and Segment
Portable Air Conditioner market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Portable Air Conditioner market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017–2028.
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Portable Air Conditioner Market Competitive Analysis
The Portable Air Conditioner Market is Highly competitive, with major players including DeLonghi, Airart, Electrolux, OlimpiaSplendid, Midea, LG, Haier, Suntec, Carrier, Whirlpool, NewAir, Whynter, Gree, Panasonic, Aux, Chigo. These companies utilize Portable Air Conditioner to support the growing demand.
In terms of Product Type, the Portable Air Conditioner market is segmented into:
Types of Portable Air Conditioner include Portable Air Conditioner For Small Room, Portable Air Conditioner For Medium Room, Portable Air Conditioner For Large Room.
Factors that Driving the growth of the Portable Air Conditioner Market are Equipment & Server Rooms, Factories & Warehouses, Medical & Hospitals, Residential Care Facilities & Apartment Communities.
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Portable Air Conditioner Industry Growth Analysis, by Geography
The Portable Air Conditioner market is expected to witness substantial growth in several regions, including North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China.
It is difficult to provide specific market share percent valuations as they can vary depending on the specific factors and fluctuations in the industry. Nonetheless, these regions are expected to hold a substantial market share in the Portable Air Conditioner market in the coming years.
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