The approximately US$ 1 billion market for portable air conditioner is likely to witness a gradual growth in the revenue over the coming years. By the end of 2027, the global portable air conditioner market is expected to witness gradual expansion at a CAGR of 2.8%.
A portable air conditioner is a single air conditioning unit that generally has wheels. It is movable and occupies less space. Portable air conditioners provide benefits such as low consumption of power, less noise, and convenience in terms of usage. Different models of portable air conditioners are available based on their capacity. The British Thermal Unit (BTU) indicates the capacity of portable air conditioners to serve areas of different sizes.
The varieties of portable air conditioners as per their capacity also makes them a popular choice. They are used in residential as well as commercial areas. Mid-range portable air conditioners in the range of 11,000-15,000 BTUs are the most popular portable air conditioners. The portable air conditioner market has been growing at a significant rate, and is expected to grow at a CAGR of 2.8% to reach US$ 1,311.2 Mn by 2027.
Global Portable Air Conditioner Market: Advancement in technology, coupled with increasing disposable income and rising demand for energy-efficient & environmental-friendly devices, is boosting the portable air conditioner market
The innovation of environment-friendly products is essential as the governments of most countries have introduced regulations pertaining to the conservation of the environment. Moreover, consumers are also aware of the importance of using energy-efficient products.
Portable air conditioners are environment-friendly products as they consume less energy. Dual-hose and single-hose ventilation systems are primarily used in portable air conditioners. Portable air conditioners make less noise as compared to window or split air conditioning systems. Some portable air conditioners also act as dehumidifiers, which helps in cooling as well as removing excess moisture from the air, and this feature is also boosting their popularity in the market.
Portable air conditioners come with different capacity models starting from 5,000 BTU to above 20,000. BTU indicates the serving area or the room size in square meters. Portable air conditioners of 5,000 BTUs generally serve areas of 150 sq. ft., and portable air conditioners of 14,000 BTUs serve areas of 700 sq. ft.
The availability of a programmable thermostat, auto drain system, remote control, heat/AC combo, and dehumidifier are among the features that users consider before purchasing portable air conditioners. The product is easier to move and install. With the simplest installation procedure, it can be installed anywhere.
The global portable air conditioner market is also segmented on the basis of end use into residential and commercial. The market is primarily driven by the residential sub-segment. The portable air conditioner market is also segmented based on regions into Asia Pacific Excluding Japan (APEJ), North America, Middle East & Africa, Europe, Japan, and Latin America.
Commercial spaces are widely used in the North America region. The Asia Pacific excluding Japan region is considered to be the biggest market for portable air conditioners, followed by North America.
The global portable air conditioner market is further segmented on the basis of sales channel. The sales channel segment includes wholesalers/distributors, hypermarkets/supermarkets, multi-branded stores, independent small stores, and online retailers. In the global portable air conditioner market, among all the sales channel segments, the multi-brand stores segment is expected to witness growth in terms of sales value, which is estimated at US$ 449.4 mn by the end of 2027.
The demand for portable air conditioners is increasing due to growth in disposable income, which is making portable air conditioners affordable. The easy movability of the air conditioning systems and the demand for energy-efficient & environmental-friendly devices is boosting the usage of portable air conditioners.
Portable air conditioners are much smaller in size and require less power. Moreover, they are available in different capacities to serve areas of different sizes. Along with the basic functionalities of air conditioners, portable air conditioners also provide the benefit of portability as they are easy to carry from one place to another. The portability feature also helps save a lot of space.
Moreover, governments around the globe are encouraging people to use energy-efficient products. Increase in the disposable income of households and growing awareness about the usage of environment-friendly & energy efficient products are among factors boosting the portable air conditioner market.
Global Portable Air Conditioner Market Competitive Landscape: Multinational players are relatively dominant in market, compared to local & regional manufacturers of portable air conditioners
The global portable air conditioner market is primarily characterized by the presence of a large number of regional and multinational companies. The detailed profiles of companies are also included in global portable air conditioner market report to evaluate their strategies, key product offerings, and recent developments.
Some of the key players profiled in the global portable air conditioner market study include De'Longhi S.p.A; Electrolux AB; LG Electronics Inc.; Midea Group; Olimpia Splendid; Haier Group Corporation; Honeywell International Inc.; Carrier Corporation; The Whirlpool Corporation; NewAir; Whynter; Gree Electric Appliances Inc.; Panasonic Corporation; Frigidaire; and Friedrich.
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On the basis of capacity range
- 5,000 BTU to above 20,000
On the basis of end use
- commercial segment
On the basis of distribution channel
- multi-branded stores
- independent small stores
- online retailers