Portable Air Conditioner Market Forecasts to 2030 – Global Analysis By Type (Small Room, Medium Room and Large Room), Capacity (5,000-10,000 BTUs, 11,000-15,000 BTUs, 16,000-20,000 BTUs and 20,000 & Above BTUs), End User, Distribution Channel and By Geogr

Portable Air Conditioner Market Forecasts to 2030 – Global Analysis By Type (Small Room, Medium Room and Large Room), Capacity (5,000-10,000 BTUs, 11,000-15,000 BTUs, 16,000-20,000 BTUs and 20,000 & Above BTUs), End User, Distribution Channel and By Geography

According to Stratistics MRC, the Global Portable Air Conditioner Market is accounted for $789.3 million in 2023 and is expected to reach $1226.6 million by 2030 growing at a CAGR of 6.5% during the forecast period. An AC unit that can be moved about the house easily is a portable AC unit. It is a self-contained machine that can be placed anywhere close to a window and a plug. It is also known as a stand-up air conditioner. Wheels are usually added to the bottom of portable air conditioners, making moving simple. It has benefits like no installation is necessary, no need for drilling or ductwork, high portability, affordable, excellent stopgap measure etc. which propels the growth of the market.

According to the National Space Science and Technology Centre (NSSTC), November, 2019 is recorded as the warmest as the average period for many regions globally and is an alarming indicator that necessitates the use of air conditioning products to live a comfortable life.

Market Dynamics

Driver

Increasing demand for environmentally friendly and energy-efficient goods

The attraction of portable air conditioners is increasing due to the rising popularity of green and energy-saving goods. The HFC refrigerant emissions that leak from traditional home and office air conditioners pose a severe hazard to the environment. These gases significantly contribute to global warming and are capable of speeding up climate change by 25%. Compared to wall-mounted ACs, small personal air conditioners can offer a sustainable, energy-efficient option for a warming globe. Additionally, there is a high need for portable air conditioners in the residential sector since people are always seeking for ways to better themselves. People are more willing to spend money on portable air conditioners that are made for the size of the space, easy to package, and transport.

Restraint

Less economical

For cooling, portable air conditioners often utilise more power. They discharge some warm air along with the cold air they generate since they lack an outside unit. Although this heated air is barely perceptible, it does impede down cooling. Because of this, they are frequently left on longer, which raises the cost of power. Additionally, ineffective for cooling very large rooms the biggest problem with portable air conditioners is by far this one. Portable air conditioner won't be able to sufficiently chill a large room at home.

Opportunity

Growing demand for portable air conditioners as a result of their distinctive characteristics and rising disposable income

Increased disposable income is the main factor driving the portable air conditioner industry. Rising disposable incomes improve living standards and make these pleasures more accessible to many households, especially in emerging countries like China and India. Portable air conditioners with cooling capacity more than 10,000 BTU are also used in malls and other large, enclosed spaces. Thus, it is projected that increasing disposable income will propel market expansion.

Threat

Unwanted noise

The only sound made by a central air conditioning system is the sound of air rushing through the ducting. Because the loud part of the unit is technically outside the house, even a window unit produces little noise. However, the portable air conditioner is frequently in the same room as, along with all of the noise. One may block out talk, music, and television by running a few portable air conditioners in the space where seated. In order to minimise disruptions to regular activities, look for equipment that operates quietly

Covid-19 Impact

The worldwide supply chain and market demand were both affected by the spread of COVID-19. China ranks among the top users and manufacturers of air conditioner items, but it also exports a variety of raw materials that are fundamentally used to make completed goods to a broad range of nations. Other air conditioner producers with operations in the US and Europe have been compelled to temporarily halt the production of completed items as a result of the production shutdown. Due to the widening gap between supply and demand, the industry was able to develop steadily with the help of the varying climatic conditions and growing need for commercial building.

The medium room segment is expected to be the largest during the forecast period

The medium room segment is estimated to have a lucrative growth, due to the portable air conditioner market for medium-sized rooms has been expanding and is anticipated to maintain its market dominance over the next years. 350 square feet to 700 square feet are the sizes that should be taken into consideration. Hall, bedroom, kitchen, and study rooms typically have these dimensions in large cities, making them suitable for using a medium-sized portable air conditioner. Additionally, it is a good option for 4–5 employee small offices and independent businesses. Most people choose it since it is cost-effective for small and medium-sized rooms. For instance, Wi-Fi connectivity, electronic control, and voice control are features that are available on portable air conditioners, which are becoming increasingly popular with consumers.

The specialty stores segment is expected to have the highest CAGR during the forecast period

The specialty stores segment is anticipated to witness the highest CAGR growth during the forecast period, due to selling a wide variety of consumer products, a specialty store specialises on a small selection of product categories. The ability to compare items with others in a specific product category is the primary benefit of the speciality shop for portable AC. As specialised retailers, portable air conditioners are available in a variety of styles, makes, and models. An increase in ground-breaking developments and improvements in white goods, such as portable AC, is projected to encourage manufacturers to offer their products through speciality stores, where consumers can learn the most about the product than through other means of distribution which drive the market.

Region with largest share

Asia Pacific is projected to hold the largest market share during the forecast period owing to high expenditure on house improvements like interior design and an increase in disposable income are some of the factors impacting the market's growth in the Asia-Pacific region. Due to the increasing urbanisation and commercialisation of this area, where portable air conditioners are mostly utilised to regulate the temperature of the rooms, portable air conditioners have been gaining significant popularity. In the growing nations of the Asia-Pacific region, including India and China, the small room portable air conditioner market has been expanding healthily. This is due to the residential sector's growth, the retail and hotel industries' expansion, and rising

Region with highest CAGR

North America is projected to have the highest CAGR over the forecast period, owing to the strict rules that the local government implemented to cut down on energy use. Additionally, because portable air conditioners use less BTU than non-portable air conditioners, they will marginally cut energy usage. Moreover, the circumstances between energy supply and demand in all sectors will be improved by portable air conditioners, lowering the total carbon footprint.

Key players in the market

Some of the key players profiled in the Portable Air Conditioner Market include LG Electronics, Haier lnc, SAMSUNG, Blue Star Limited, Honeywell International Inc.,Whirlpool Corporation, Voltas Inc, Mistral Solutions Pvt. Ltd., Midea Group, Electrolux, FUJITSU GENERAL, Vista France, Royalsovereign, Inc., GREE ELECTRIC APPLIANCES, INC., Panasonic Corporation, Alfred Kärcher SE & Co. KG, Olimpia Splendid S.p.A., Atlantis Products Pvt. Ltd. , De Longhi S.p.A and Carrier Corporation

Key Developments

In July 2023, LG Launches New R&D Subsidiary in Indonesia, The first-ever overseas research subsidiary on behalf of the LG Home Entertainment Company, the facility finishes LG’s complete, local business operation encompassing product development, production and sales.

In May 2023, LG Collaborates With Six N. Five to Push Boundaries in the World of Digital Fine Art, The collaborative exhibition Among the Sky, which includes six specially commissioned artworks presented on large-scale format LG OLED and Lifestyle Screens

Types Covered
• Small Room
• Medium Room
• Large Room

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

End Users Covered
• Residential
• Commercial
• Medical & Hospitals
• Corporate Businesses
• Other End Users

Distribution Channels Covered
• Online
• Specialty Stores
• Supermarkets & Hypermarkets
• Departmental Stores
• Other Distribution Channels

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements