According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Portable Air Conditioner Market (Type: Standard and Smart; Capacity: Up to 5000 BTU, 5001-10,000 BTU, 10,001-20,000 BTU, Above 20,001 BTU; End-use: Residential, Commercial, Industrial; Distribution Channel: Online, and Offline (Hypermarkets/Supermarkets, Specialty Stores, Brand Stores)) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027’, the global portable air conditioner market with capacity between 5001-10,000 BTU was valued at US$ 2,,561.5.9 Mn in 2018, and is expected to expand at a CAGR of 3.2% from 2019 to 2027.

Click here to Access Sample Report: http://bit.ly/3cyJmC1

The report from Industry Probe estimates that the portable air conditioners having capacity of 5001-10,000 BTU accounted for major market share of 46% in 2018. Use of air conditioners and cooling systems is increasing in developed as well as developing countries and increasing sales of portable air conditioners with technologically advanced features is expected to drive the demand for portable air conditioners in the coming years. Cooling capacity of 5001-10,000 BTU is more than sufficient for cooling a room of area 400-450 sq ft. Hence, air conditioners of this capacity are preferred by consumers as compared to air conditioners of other capacity. Portable air conditioners having capacity above 20,001 BTU are generally used by commercial and industrial buildings which need extra cooling for a large coverage area. Hence, this segment has a very small market share.

As per the report, the major driving factor leading the growth of the portable air conditioner market include rising temperatures and diverse weather conditions owing to global warming which has led to a need for HVAC products. The trend is expected to drive the demand for portable ACs as well. Economic growth has led to the need for sustainable urban planning, sustainable buildings, and sustainable infrastructure which is beneficial to individuals, societies, and companies. This is further anticipated to drive the demand for electronic products which are environment friendly. Features offered by companies in portable air conditioners such as efficient cooling, compact nature, and stress free installation are some of the factors driving the growth of the market.

The report states that in residential construction, portable air conditioners with capacity 5,001 to 10,000 BTU are an ideal option for end consumers in compact rooms. Furthermore, cooling capacity also depends on the size of the room, cooling required, adjoining walls of rooms, and the location of the room. Growth of portable air conditioners having capacity of 5001-10,000 BTU is anticipated is further grow at a rate of 2.4% during the forecast period with the advent of technology and expertise in Europe. Portable air conditioners are a convenient option for small rooms, as these are portable, easy to maintain, and have less installation cost. Rapid urbanization and growing number of expats in cities such as Dubai and Abu Dhabi is expected to contribute to the growth of the portable air conditioner market with capacity of 5000-10000 BTU.

The portable air conditioner market is dominated by several players who are focused on the development of new products to cater to the rising and shifting consumer preferences.

The report includes the below mentioned pointers of major players operating in the portable air conditioner market:

 Competition Matrix
 Company Overview
 Product Profiling
 Market Share Analysis (2018)
 Product Innovation
 Product Comparison Analysis
 Business Strategies / Recent Developments
 Technological advancements
 Key mergers and acquisitions
 Expansion strategies
 Company Financials

Some of the major players operating in the portable AC market are included in this report to give a better competitive analysis of the market and these include Daikin Industries Ltd, De’ Longhi Appliances S.r.l., Electrolux AB, Haier, Inc., Panasonic Corporation, Sharp Corporation, LG Electronics Inc., Blue Star, Whirlpool Corporation, and Honeywell International Inc.

Contact an analyst to understand more about Portable Air Conditioner Market Report -http://bit.ly/2THz5Lf

About Us

Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprises syndicated research, strategic consulting & advisory services, competitive intelligence, and full time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.

Contact

Industryprobe.com
1441 Broadway
6th Floor-#6131
New York
NY – 10018
United States
Tel: +1 9179858551
Email: [email protected]