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.
The report offers detailed coverage of Portable Air Conditioning System industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Portable Air Conditioning System by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Portable Air Conditioning System market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Portable Air Conditioning System market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
DeLonghi
Airart
Electrolux
OlimpiaSplendid
Midea
LG
Haier
Suntec
Carrier
Whirlpool
NewAir
Whynter
Gree
Panasonic
Aux
Chigo
At the same time, we classify Portable Air Conditioning System according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Portable Air Conditioner For Small Room
Portable Air Conditioner For Medium Room
Portable Air Conditioner For Large Room
Market by Application
Equipment & Server Rooms
Factories & Warehouses
Medical & Hospitals
Residential Care Facilities & Apartment Communities
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Portable Air Conditioning System market for the forecast period 2021 - 2025?
• What are the driving forces in the Portable Air Conditioning System market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Portable Air Conditioning System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?