Global Portable Air Conditioning System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Portable Air Conditioning System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Portable Air Conditioning System are a device to modify the condition of air (heating, cooling, but mainly cooling). Perfect for a variety of cooling situations, Portable Air Conditioning System 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 Conditioning System 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.

Market Overview:

The latest research study on the global Portable Air Conditioning System market finds that the global Portable Air Conditioning System market reached a value of USD 1300.06 million in 2022. It’s expected that the market will achieve USD 2392.69 million by 2028, exhibiting a CAGR of 10.7% during the forecast period.

The production and sales of Portable Air Conditioning System are affected by Covid-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Portable Air Conditioning System industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Consumers pay more attention to sustainable development

With the extensive use of natural resources, a large number of reports on negative impacts on the earth and communities, and information provided by social media and mobile applications, consumers' understanding and awareness of sustainable development issues are increasing. It is not cost-effective to purchase fixed household air conditioners. Therefore, Portable Air Conditioning System is a very suitable choice. This increase in demand will continue to promote the development of the Portable Air Conditioning System industry in the future.

Development of online sales model of Portable Air Conditioning System

With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Portable Air Conditioning System industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Portable Air Conditioning System industry.

Fierce competition

Portable Air Conditioning System is a sub-category of air conditioners, facing very fierce market competition. As the technology of household split air conditioners matures, the price has gradually stabilized at a level that consumers can afford. This will bring a huge challenge to Portable Air Conditioning System, because household split air conditioners are better than portable air conditioners from the perspective of user experience. In addition, a large number of Chinese manufacturers have begun to enter the international market, and relying on their industrial chain advantages have also greatly reduced the prices of all types of air conditioners. This makes household split air conditioners or central air conditioners more competitive.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (31.29% in 2022).

Company Overview:

DeLonghi is one of the major players operating in the Portable Air Conditioning System market, holding a share of 19.82% in 2023.

DeLonghi

The De’ Longhi Group is one of the world’s leading players in the small domestic appliance sector dedicated to the world of coffee, cooking, air conditioning and home care. The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop.

Electrolux

Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. Electrolux products sell under a variety of brand names (including its own), and are primarily major appliances and vacuum cleaners intended for home consumer use.

Segmentation Overview:

By type, Portable Air Conditioner for Small Room segment accounted for the largest share of market in 2022.

Portable Air Conditioner for Small Room

Portable Air Conditioner for Small Room are ideal for small bedrooms, offices, or nurseries up to 300 square feet.

Portable Air Conditioner for Medium Room

Portable air conditioners in this category are best suited for cooling medium areas such as living rooms, sun rooms, or bedrooms is between 350 and 700 square feet.

Portable Air Conditioner for Large Room

These portable air conditioners work well in commercial and industrial applications, including large computer server rooms, manufacturing facilities, and special event spaces.

Application Overview:

In the Portable Air Conditioning System market, 83.28% of the total value was generated through the Residential segment by application in 2022.

Key Companies in the global Portable Air Conditioning System market covered in Chapter 3:

Midea
Haier
LG
KwiKool
MovinCool
Olimpia Splendid
Aux
Honeywell
Whynter
Chigo
NewAir
Whirlpool
Electrolux
DeLonghi
Gree
Suntec

In Chapter 4 and Chapter 14.2, on the basis of types, the Portable Air Conditioning System market from 2018 to 2029 is primarily split into:

Portable Air Conditioner for Small Room
Portable Air Conditioner for Medium Room
Portable Air Conditioner for Large Room

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Portable Air Conditioning System market from 2018 to 2029 covers:

Residential
Commercial
Industrial
Municipal

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)