In this report, the Global Portable Air Conditioning System market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Portable Air Conditioning System market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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.
The Europe and North America regions are the major consumer in the market, as its cooling capacity matches with the environmental conditions of these regions. The global leading players in this market are DeLonghi, JMATEK, and Electrolux, which accounts for 42.35% of total revenue in 2015.
The portable air conditioner is mainly used in factories & warehouses, equipment & server rooms, medical & hospitals, and residential care facilities & apartment communities. The application market share of residential care facilities & apartment communities is up to 76.09% .
Currently, a major challenge affecting the market growth is the power consumption by portable air conditioner, which is higher as compared to other electrical appliances. However, this is in turn increasing the demand and scope for energy-efficient models. Also, the carbon emission associated with usage of portable air conditioner is further deterring market growth and is expected to have significant impacts in the future, if not addressed properly. This is mainly because of increased focus on reducing greenhouse gas emission and signing of many relevant global treaties and agreements like the Kyoto protocol and Montreal protocol.
Some of the factors supporting growth of the portable air conditioner market worldwide include replacement need in developed regions, such as North America and Europe, growing awareness about energy-efficient and eco-friendly products, and increasing demand for technologically advanced portable air conditioning with sensible cooling. In addition, improvements in housing construction design and rise in number of building permits, particularly for commercial infrastructures, is aiding the growth of the portable air conditioner market. Increase in the total spending across different industry verticals is expected to support the acceptance of packaged air-conditioning systems and drive the demand in the coming few years.
Market Analysis and Insights: Global Portable Air Conditioning System Market
In 2019, the global Portable Air Conditioning System market size was US$ 784.6 million and it is expected to reach US$ 1266.5 million by the end of 2026, with a CAGR of 7.0% during 2021-2026.
Global Portable Air Conditioning System Scope and Market Size
Portable Air Conditioning System market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Portable Air Conditioning System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Portable Air Conditioning System market is segmented into
Portable Air Conditioner For Small Room
Portable Air Conditioner For Medium Room
Portable Air Conditioner For Large Room
Segment by Application, the Portable Air Conditioning System market is segmented into
Equipment & Server Rooms
Factories & Warehouses
Medical & Hospitals
Residential Care Facilities & Apartment Communities
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Portable Air Conditioning System Market Share Analysis
Portable Air Conditioning System market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Portable Air Conditioning System product introduction, recent developments, Portable Air Conditioning System sales by region, type, application and by sales channel.
The major companies include:
Reasons to Buy This Research Report
- Complete access to Global Portable Air Conditioning System market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Portable Air Conditioning System markets including North America, Europe, MEA and Asia Pacific
- Global Portable Air Conditioning System Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Portable Air Conditioning System market segmentation
- Key trends, drivers and restraints for global Global Portable Air Conditioning System market
- Challenges to market growth for Global Portable Air Conditioning System manufacturers
- Key market opportunities of Global Portable Air Conditioning System Industry
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