Thursday, December 8, 2022

Portable Air Conditioner Market Holds an Estimated Revenue of US$ 1.1 Bn in 2022 And Is Likely to Breach US$ 1.3 Bn by The End of 2027 | Report by Future Market Insights, Inc.

Last updated Friday, November 11, 2022 08:20 ET , Source: Future Market Insights, Inc.

Newark, United States, 11/11/2022 / Future Market Insights, Inc. /

The portable air conditioner market size is expected to reach US$1.1 Bn in 2022, likely to surge at a vigorous 2.9% CAGR during the assessment period. Portable air conditioner sales closed in on around US$ 1 billion in 2018, which are envisaged to witness a sluggish below-3% growth in 2019. According to a new study of Future Market Insights (FMI), more than 80% of the overall sales of portable air conditioner is accounted by residential end users. Commercial use has been estimated to account for a negligible revenue share in the portable air conditioner market.

Mid-sized Portable Air Conditioner Top Selling

Over 5 in 10 portable air conditioner buyers are observed to prefer medium capacity models, i.e. 11,000-15,000 BTUs. FMI’s analysis suggests that portable air conditioners within this capacity range will continue to experience modest growth in sales over the coming years. On the other side, low capacity and high capacity models of portable air conditioner will reportedly register sluggish rate in terms of revenue. Compact size is cited as the key demand determinant dictating sales growth of mid-capacity models in market.

Request a Sample Report of Global Portable Air Conditioner [email protected]

Key Points Covered in Portable Air Conditioner Market Survey

  • Market estimates and forecast 2013-2027
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Portable Air Conditioner Market and How to Navigate
  • Recommendation on Key Winning Strategies

More than 3/5th of the overall sales of portable air conditioner is contributed by multi-brand stores, and organized retail stores – i.e. supermarkets & hypermarkets. The revenue share of the former will however expand at a relatively higher pace, according to the report.
APEJ Strongest Consumer Base Sustaining Portable AC Sales

With a current market value share of over 40%, Asia Pacific has been providing a prime consumer base for portable air conditioner manufacturing brands. North America, the next key market for penetration of portable air conditioner, will however record a falling rate of revenue growth in the years to come. The report attributes APEJ’s lead in market to the availability of a wide size range at economic price point, compact size and mobility, and consistently improving per capita spending of Asian consumers on lifestyle and convenience products. However, it also highlights that relatively higher noise production and lesser energy efficiency of portable air conditioners over conventional counterparts will remain the key pull factor forestalling their rapid demand growth.

Use promo code ->> FMITODAY to get flat 20% discount

The report has profiled some of the leading companies operating in the global portable air conditioner market landscape, including LG Electronics Inc., Panasonic Corporation, Electrolux AB, Friedrich, Haier Group Corporation, and The Whirlpool Corporation among others. As indicated by FMI’s study, leading manufacturers of portable air conditioners have been maintaining strategic focus on development of innovative models that are competitive priced and have innovative functional features. Introduction of portable air conditioner-cum-dehumidifier has been a booster to portable AC sales in the market, recently. Delivering higher energy efficiency with additional features will reportedly be the key developmental strategy trending the competitive landscape of portable air conditioner market.

View Full Report @

Global Portable Air Conditioner Market by Category

By Capacity:

  • 5,000-10,000 BTUs
  • 11,000-15,000 BTUs
  • 16,000-20,000 BTUs
  • 20,000 & Above BTUs

 By End Use:

  • Residential
  • Commercial

By Sales Channel:

  • Wholesalers/ Distributors
  • Hypermarket/Supermarkets
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Ask An Analyst @

Perfume Market Value: As per newly released data by Future Market Insights (FMI), demand in the global perfume market is projected to grow at a 4% CAGR over the assessment period, reaching a market valuation of US$ 35 Bn in 2021

Baby Bath and Shower Products Market Type: As per FMI analysis, baby bath and shower products market outlook remains positive with sales projected to rise at 6.5% CAGR between 2021 and 2031

Mechanical Locks Market Analysis: he global mechanical locks market size is projected to reach US$ 6.5 Bn in 2021

Professional Gear Bags Market Growth: The professional gear bags market is estimated at US$ 18,110.8 Mn in 2022 and is projected to reach US$ 23,983.2 Mn by 2028

Water Sink Market Trends: The water sink market is estimated at US$ 45.9 Bn in 2022 and is projected to reach US$ 52.9 Bn by 2027, at a CAGR of 2.5% from 2013 to 2021

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com

The post Portable Air Conditioner Market Holds an Estimated Revenue of US$ 1.1 Bn in 2022 And Is Likely to Breach US$ 1.3 Bn by The End of 2027 | Report by Future Market Insights, Inc. appeared first on Future Market Insights.

Original Source of the original story >> Portable Air Conditioner Market Holds an Estimated Revenue of US$ 1.1 Bn in 2022 And Is Likely to Breach US$ 1.3 Bn by The End of 2027 | Report by Future Market Insights, Inc.

This content is published on behalf of the above source. Please contact them directly for any concern related to the above. 

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.