An increase in portable devices used in industrial applications The growth of the industry is driven by the improvement in air quality and the introduction of HCFC alternative fuels. global portable air conditioners market
(PRUnderground) August 13th, 2021
Niccori published a report titled “Report on The market for Niccori” recently.“Portable Air Conditioner Market By Type (Small, Medium and Large Rooms), End-User (Residential). (Commercial) and Distribution Channels (Supermarket & Hypermarket, Department Stores, Speciality Stores, E-commerce, and Other): Global Opportunity Analysis and Industry Forecast 2021-2027. According to the report, the global portable AC industry was valued at $613.6 Million in 2019. It is expected to grow to $945.4 Million by 2027. This will represent a 4.5% CAGR from 2021-2027.
Drivers, restraints and opportunities
Increasing industrial applications and rising urbanization Popularity of Wi-Fi-enabled, smart portable air conditioners The global portable air market is growing due to the advent of the HCFC-free alternatives conditioner market. However, the rise in electricity consumption and energy consumption is a concern. Market growth is impeded by high prices and insufficient electrification. However, the changing lifestyle and growth of retail sectors are driving the rise in disposable income. Expect to see an increase in interior design and home improvement spending. Market players have lucrative opportunities.
- The Covid-19 pandemic had a positive impact on the portable market Air conditioners were more involved with home design and construction than people. decor.
- Consumers also chose to replace old appliances in their homes with New, advanced air conditioners. This has boosted the demand for portable air conditioners. Air conditioners
- The supply chain was disrupted by the extended lockdown and ban international trade.
The largest share of medium-sized rooms was held by the segment.
The largest share of 2019’s medium room segment was based on type. More than half the world’s portable air conditioners are made in China Market due to increased awareness towards energy-efficient products Increase in home improvements to improve living space home The large-room segment, however, is expected to record the forecast the period saw the highest CAGR of 5.9%, due to an increase in Use of large-room portable AC in commercial buildings Manufacturing units that control temperature and humidity
The highest CAGR in e-commerce through 2027
The e-commerce market is divided into distribution channels. The forecast period saw the highest CAGR at 6.3%. E-commerce platforms offer easy access. The downside is that The market was dominated by specialty stores in 2019, which contributed to This is nearly one-third of the global portable air conditioner market. This is These benefits are associated with specialty stores such as Consumers can choose from more brands for a specific product segment The expert, knowledgeable staff will provide guidance.
North America was the dominant market
The market in North America is broken down by region The lion’s share of 2019 revenue was held by China, accounting for approximately one-third Total market revenue This is due to a decline in energy Consumption rate, rapid adoption of new advanced technologies, and Increasing concern for the environment. Global portable air pollution is still a concern. conditioner market across Asia-Pacific The forecast predicts that the CAGR for this sector will be 6.4%. Due to the constant expansion of infrastructure and real estate, this period is expected to last for many years. Sector, high quality of life, and growth in urbanization Region
Principal market players
- LG Electronics Inc.
- Lloyd Electric & Engineering Limited
- AB Electrolux
- Midea Group
- Blue Star Limited
- United CoolAir Corporation
- Daikin Industries Ltd.
- Haier lnc.
- Whirlpool Corp.
- Olimpia Splendid Spa
- Blaux Portable AC
- Arctos Portable AC
Information about Niccori
Niccori, a full-service business consulting wing of Allied Analytics LLP is based in ireland. Niccori offers the global market research to medium and large enterprises. Small businesses and individuals who require “Market Research Reports” of unmatched quality. “Business Intelligence Solutions” Niccori provides a targeted view of Provide business insight and consulting services to its clients To make strategic business decisions that will lead to sustainable growth. Their respective market areas. Niccori provides its services in 11 countries Industries verticals include Life Sciences, Consumer Goods and Materials & Chemicals, Construction & Manufacturing, Food & Beverages Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media and Aerospace & Defense.
We have professional relationships with many companies. This allows us to find market data that can be used to generate new markets. Accurate research data tables that confirm the market’s accuracy Forecasting. Every data in the reports is published by Our information is gleaned from primary interviews with high-ranking officials Leading companies in the domains concerned. Our secondary data procurement Methodology includes extensive online and offline research and discussion With industry experts and analysts.
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