Portable Air Conditioner Market by Type (Small Room, Medium Room and Large Room), Distribution Channel, Application and Geography - Global Industry Analysis, Opportunities and Forecast up to 2026

The global Portable Air Conditioner market size was valued at $647.96 million in 2020, and is projected to reach $898.53 million by 2026, growing at a CAGR of 5.6% during the forecast period.

• Driven by surge in disposable income and standard of living and rise in spending on household comfort. Rising requirements for compact and movable air conditioning systems that can conveniently be carried around in construction activities is further driving the growth of the market.

• Additionally, increasing awareness about energy-efficient and environment-friendly devices and advent of smart portable air conditioners are expected to augment the market growth.

• However, high threat from substitute products and high cost of maintenance are expected to act as a restraining factor for the growth of the market.

Portable air conditioner is an independent compact moveable machine for cooling single rooms. It does not require permanent installation like window, and central air conditioning unit’s needs. It is lightweight and 28" to 34" tall. Most of the portable air conditioners are with wheels so that people can take these from one room to another. The type of portable AC selected for the room is based on the size of the room.
 
By Application, the Residential Segment is anticipated to hold the Largest Share in the Market

Residential segment held the larger market share, and it would continue on this path during the forecast period. This is due to the increase in disposable income in the population which has increased the attractiveness of portable air conditioners and smart home appliances. Moreover, owing to the factors such as eldercare homes, apartment buildings, retirement homes, and dormitories need sufficient air conditioning to provide safe and easy breathing conditions for residents.

By Geography, Asia Pacific Region is Projected to Strong Presence in the Global Market

Asia Pacific is growing at a highest CAGR, and it would grow considerably during the forecast period driven by the increasing disposable income in these countries, growth in urbanization, and the rising hospitality sector and increase in the number of construction activities in both residential and commercial sectors and the emerging tourism industry.

List of the Key Players Profiled in the Market Include:

• LG Electronics Inc
• AB Electrolux
• United CoolAir Corporation
• Haier lnc.
• Lloyd Electric & Engineering Limited
• Whirlpool Corp.
• Midea Group
• Olimpia Splendid Spa
• Blue Star Limited
• Daikin Industries Ltd.
• Panasonic
• Carrier Corp
• Air-Art Heating & Air Conditioning
• Suntec

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observed promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Small Room
• Medium Room
• Large Room

Market by, Distribution Channel:
• Specialty Store
• Supermarket & Hypermarket
• Departmental Stores
• E-commerce
• Other Distribution Channels

Market by, Application:
• Residential
• Commercial

Market by, Geography
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Table Of Content

1 Market Overview           
    1.1 Introduction       
    1.2 Research Objectives      
    1.3 Market Segmentation      
    1.4 Stakeholders       
    1.5 List of Acronyms       
             
2 Executive Summary           
             
3 Research Methodology          
    3.1 Identification of Data      
    3.2 Evaluation of Market Dynamics     
    3.3 Collaboration of Data      
    3.4 Verification and Analysis      
    3.5 Data Sources       
    3.6 Assumptions     
 
4 Market Dynamics           
    4.1 Market Drivers       
            4.1.1 Surge in disposable income and standard of living
            4.1.2 Growth in construction activities
            4.1.3 Increasing awareness about energy-efficient and environment-friendly devices
    4.2 Market Restraints       
            4.2.1 High threat from substitute products
    4.3 Market Opportunities      
            4.3.1 Emerging demand from developing regions due to increased affordability of individuals
    4.4 Impact of COVID-19 on Portable Air Conditioner Market   
             
5 Porter's Five Force Analysis          
    5.1 Bargaining Power of Suppliers      
    5.2 Bargaining Power of Buyers      
    5.3 Threat of New Entrants      
    5.4 Threat of Substitutes      
    5.5 Competitive Rivalry in the Market     
             
6 Global Portable Air Conditioner Market by, Type        
    6.1 Overview       
    6.2 Small Room       
    6.3 Medium Room       
    6.4 Large Room       
             
7 Global Portable Air Conditioner Market by, Distribution Channel      
    7.1 Overview       
    7.2 Specialty Store       
    7.3 Supermarket & Hypermarket      
    7.4 Departmental Stores      
    7.5 E-commerce       
    7.6 Other Distribution Channels      
              
8 Global Portable Air Conditioner Market by, Application       
    8.1 Overview       
    8.2 Residential       
    8.3 Commercial       
             
9 Global Portable Air Conditioner Market by, Geography       
    9.1 Overview       
    9.2 North America       
    9.3 Europe        
    9.4 Asia Pacific       
    9.5 South America       
    9.6 Middle East & Africa      
             
10 Key Developments           
             
11 Company Profiling           
    11.1 LG Electronics Inc       
            11.1.1 Business Overview
            11.1.2 Product/Service Offering
            11.1.3 Financial Overview
            11.1.4 SWOT Analysis
            11.1.5 Key Activities
    11.2 AB Electrolux       
    11.3 United CoolAir Corporation      
    11.4 Haier lnc.        
    11.5 Lloyd Electric & Engineering Limited     
    11.6 Whirlpool Corp.       
    11.7 Midea Group       
    11.8 Olimpia Splendid Spa      
    11.9 Blue Star Limited       
    11.10 Daikin Industries Ltd.      
    11.11 Panasonic       
    11.12 Carrier Corp       
    11.13 Air-Art Heating & Air Conditioning     
    11.14 Suntec