Portable Air Conditioner Market
Portable Air Conditioner Market Study by 5,000 to 10,000 BTUs, 11,000 to 15,000 BTUs, 16,000 to 20,000 BTUs, and 20,000 BTUs & Above for Residential and Commercial Application From 2024 to 2034
Analysis of Portable Air Conditioner Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Portable Air Conditioner Market Outlook (2024 to 2034)
The global portable air conditioner market is valued at US$ 1.11 billion in 2024 and is forecasted to expand at a CAGR of 5.1% to reach US$ 1.82 billion by 2034.
The need for cooling solutions has significantly increased in recent years than ever because of climate change and increased temperatures. Known for its tiny size and capacity to cool a small enclosed space, a portable air conditioner is a transportable cooling appliance. Prolonged heat waves that last up to six months are common in several equatorial areas. In this situation, portable air conditioners and other inexpensive, portable air conditioning devices are needed.
Over 40% of the world's population lives along the shore, as per a United Nations poll. This shows how people suffer from extreme humidity and warm air currents because of their tough climate. Increased wetness has a significant impact on people's lives by making ordinary indoor.
Cities tend to be warmer and more humid than rural regions because they retain the heat from the outside. The main causes of this include the existence of asphalt structures that absorb solar heat, concrete roadways, and closely spaced buildings. People are forced to reside in tiny flats due to the building's restricted space. Several individuals use portable air conditioners in these situations since installing a regular air conditioner is too expensive and takes up more room.
Students and young professionals who are temporarily residing in urban areas are unable to purchase a conventional air conditioner. Moving from one place to another is costly and logistically challenging, which is further adversely impacting market dynamics, as per the portable air conditioner industry analysis.
| Report Attribute | Detail |
|---|---|
| Portable Air Conditioner Market Size (2024E) | US$ 1.11 Billion |
| Forecasted Market Value (2034F) | US$ 1.82 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| East Asia Market Value (2034F) | US$ 620.5 Million |
| North America Market Share (2034F) | 34.5% |
| Residential Segment Value (2034F) | US$ 997.2 Million |
| United States Market Value (2034F) | US$ 379 Million |
| Companies Profiled | LG Electronics; Haier; Carrier Global; Whirlpool; Midea; DE Longhi |
The use of air conditioners and cooling systems is increasing in developed as well as developing countries with growing awareness about the importance of maintaining indoor air quality. Growing sales of portable air conditioners are mainly attributed to the increasing need for compact and movable air conditioning systems that are conveniently carried around.
In addition, an upsurge in the need for spot-cooling in residential as well as industrial spaces is boosting sales of portable air conditioners. This is providing a boost to the growth of the market.
While the market is gaining momentum, recent developments in technologies are making a significant impact on the future growth prospects of the market. Manufacturers of portable air conditioners are adopting next-generation technologies to further enhance important features of portable air conditioners, such as control, ease of use, and connectivity.
The market is growing at a rapid pace with the increasing sales of portable air conditioners with technologically advanced features.
Furthermore, leading manufacturers of portable air conditioners are incorporating advanced technologies to improve the energy efficiency of the product. Growing environmental awareness and the increasing consumption of electricity due to the rise in the use of air conditioning systems lead to the imposition of stringent rules by the governing bodies.
This is expected to create a high need for energy-efficient portable air conditioners in the upcoming years, which is mainly influencing the latest strategies adopted by the leading market players in the market. Employing the latest technologies to reduce energy consumption is expected to remain a popular trend among market players operating in the market, for the next few years.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
Rising Demand and Industrial Applications Driving Demand for Portable Air Conditioners
The International Energy Agency (IEA) published a report that estimates that the demand for efficient cooling systems and air conditioners will triple by the end of 2034. Considering the increasing use of air conditioners in the residential as well as commercial sectors around the world, the demand is expected to surge and boost the growth of the portable air conditioner market.
Increasing the use of electricity for air conditioners results in the imposition of strict energy efficiency standards on portable air conditioners, as per the portable air conditioner industry analysis. Considering the need for cooling systems and their environmental implications, demand for an energy-efficient portable air conditioner is evaluated to increase significantly in the upcoming years.
In addition, providing a cooler workplace boosts the working efficiency of employees, which is generating the need for spot-cooling appliances, such as portable air conditioners. Owing to the health-related benefits of using portable air conditioners, their demand is increasing in commercial organizations.
Further, spot-cooling appliances play an important role in several manufacturing processes, which is boosting demand for portable air conditioners in the industrial sector. Increasing demand for energy-efficient and direct-cooling appliances in the residential as well as commercial sectors is driving the growth of the portable air conditioner market.
Discovery of HCFC Alternatives Influencing Manufacturing Strategies of Market Players
Government organizations across the world, such as the EPA (the United States Environment Protection Agency) and the European Commission are developing some regulations to control the air pollution caused due to refrigerants used in air conditioners. Hydrochlorofluorocarbons (HCFCs) are commonly used in air conditioning systems, as studied in the portable air conditioner industry outlook.
However, the EPA recognizes HCFC-22 as an Ozone-depleting substance and has imposed some rules associated with the release of this refrigerant under Section 609 of the Clean Air Act (CAA). The imports and production of HCFC-22 will be phased out by 2020-end, and it will be banned by the end of 2030 by the U.S. government. Similar regulations and rules are imposed by the European Commission as well, as opined in the portable air conditioner industry outlook by Fact.MR.
These stringent regulations on the use of HCFC as a refrigerant are encouraging manufacturers in the market to discover its substitutes. Significant New Alternatives Policy (SNAP) developed by the EPA approved the use of Ozone-safe HCFCs and other alternatives to HCFC-22 in air conditioning systems.
Manufacturers in the market are investing more in R&D to come up with efficient and safer alternatives to HCFC-22 to curb HCF emissions. Even though refrigerants with around 700 GWP, such as R32 and R452B are used in small or portable air conditioners, ultimate alternatives to HCFCs have not been discovered yet. Increasing investments in R&D to find substitutes for HCFC-22 is an emerging trend in the market.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Smart and Wi-Fi Enabled Portable Air Conditioners Setting Trend in the Market
With the constant advancements in technology, consumers are willing to purchase next-generation portable air conditioners that are multi-functional and easy to use. Manufacturers in the market are incorporating advanced technologies, such as the Internet of Things and a variety of sensors to automate various tasks of the machine.
As consumers are preferring to buy less noisy air conditioners, leading market players are introducing portable air conditioners with advanced settings, such as quieter, sleep-mode operation. Lightweight portable air conditioners that are AC, fans, as well as dehumidifiers are gaining immense popularity among consumers.
Above all, manufacturing smart portable air conditioners with WiFi is the most popular trend in the market. Most of the market players are introducing portable air conditioners that are controlled from afar and optimize the use of electricity smartly. Furthermore, most of the established manufacturers in the portable air conditioner market have produced portable air conditioners that are voice-controlled.
These portable air conditioners are integrated with popular voice-operated systems, such as Amazon Alexa, Apple HomeKit, and Google Assistant. By manufacturing technologically advanced yet energy-efficient portable air conditioners, market players are incorporating smart business strategies to attract consumers and establish a stronger position in the market.
Competitive Landscape: Top Companies in Portable Air Conditioner Market
The global market is highly fragmented and competitive owing to the existence of many domestic and regional players. Several marketing strategies are adopted by key players, such as mergers and acquisitions, expansions, collaborations, and partnerships.
New product development is a strategic approach adopted by leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of portable air conditioners.
Fact.MR has provided detailed information about the price points of key manufacturers in the market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- LG Electronics Inc. in 2021 acquired a controlling stake in Alphonso, which is a TV data and measurement company. They acquired it through one of its US subsidiaries Zenith Electronics LLC which will allow LG to utilize the software, services, data analytics, media planning, and AI capabilities of Alphonso for offering home entertainment products
DENSO Corporation, which manufactures commercial spot air conditioners, launched a new high-performance MovinCool under the brand of MovinColl in 2021. The new series being launched is portable and features 3 models for industrial applications, 6 models for office use, and 2 models for both cooling and heating
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Portable Air Conditioner Market Research
-
By Capacity :
- 5,000 to 10,000 BTUs
- 11,000 to 15,000 BTUs
- 16,000 to 20,000 BTUs
- 20,000 & Above BTUs
-
By End Use :
- Residential
- Commercial
-
By Distribution Channel :
- Offline
- Online
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Capacity
- 6.2. End Use
- 6.3. Distribution Channel
- 7. Global Market Analysis and Forecast, By Capacity
- 7.1. 5,000-10,000 BTUs
- 7.2. 11,000-15,000 BTUs
- 7.3. 16,000-20,000 BTUs
- 7.4. 20,000 & Above BTUs
- 8. Global Market Analysis and Forecast, By End Use
- 8.1. Residential
- 8.2. Commercial
- 9. Global Market Analysis and Forecast, By Distribution Channel
- 9.1. Online Distribution Channel
- 9.2. Offline Distribution Channel
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Capacity, End Use, and Distribution Channel for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Lloyd Electric & Engineering Limited
- 20.2. LG Electronics Inc.
- 20.3. Midea Group
- 20.4. AB Electrolux
- 20.5. US$ Mned CoolAir Corporation
- 20.6. Blue Star Limited
- 20.7. Haier Inc.
- 20.8. Daikin Industries Ltd.
- 20.9. Olimpia Splendid Spa
- 20.10. Whirlpool Corp.
- 20.11. Others
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Capacity
Table 03: Global Market US$ Mn Forecast by End Use
Table 04: Global Market US$ Mn Forecast by Distribution Channel
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Capacity
Table 07: North America Market US$ Mn Forecast by End Use
Table 08: North America Market US$ Mn Forecast by Distribution Channel
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Capacity
Table 11: Latin America Market US$ Mn Forecast by End Use
Table 12: Latin America Market US$ Mn Forecast by Distribution Channel
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Capacity
Table 15: Western Europe Market US$ Mn Forecast by End Use
Table 16: Western Europe Market US$ Mn Forecast by Distribution Channel
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Capacity
Table 19: Eastern Europe Market US$ Mn Forecast by End Use
Table 20: Eastern Europe Market US$ Mn Forecast by Distribution Channel
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Capacity
Table 23: East Asia Market US$ Mn Forecast by End Use
Table 24: East Asia Market US$ Mn Forecast by Distribution Channel
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Capacity
Table 27: South Asia & Pacific Market US$ Mn Forecast by End Use
Table 28: South Asia & Pacific Market US$ Mn Forecast by Distribution Channel
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Capacity
Table 31: MEA Market US$ Mn Forecast by End Use
Table 32: MEA Market US$ Mn Forecast by Distribution Channel
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Capacity
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Use
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the global portable air conditioner market scenario in 2024?
The global value of the portable air conditioner market is estimated to be US$ 1.11 billion in 2024.
How far is the global demand approximated to reach over the forecasted period?
Worldwide demand is analyzed to surpass US$ 1.82 billion by 2034-end.
What is the forecasted demand CAGR for the global market?
From 2024 to 2034, the global market is evaluated to grow at 5.1% CAGR.
Who are the prominent players in the global market?
Some of the key market players are LG Electronics Inc., Lloyd Electric & Engineering Limited, Blue Star Limited, and Haier Inc.
Which is the leading region in the market?
East Asia will hold a leading share of 31.5% of global market revenue by 2034.
Portable Air Conditioner Market