Portable Air Conditioning System Market Report Overview
Request a Free Sample to learn more about this report
The global portable air conditioning system market size is expected to be USD 971.6 million in 2022 the market is expected to reach USD 1458.1 million in 2028, exhibiting a CAGR of 7.0% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A portable air conditioning system equipment, also recognized as a standing air conditioning unit, is a type of air conditioner that can be easily moved around. This is a self-contained unit that can be installed anywhere other than a pane and a socket. Portable models have tires attached to the bottom, making them simple to move around as needed. Because of its ease of placement and movement, it is regarded as one of the handiest air conditioners.
COVID-19 Impact: Interruption in Supply Chains to Decline Market Share
The eruption of coronavirus illness (COVID-19) did act as a humongous restriction mostly on-air conditioning system market in 2020, as supply chains have been interrupted because of international limitations and utilization has declined due to global government lockdowns. COVID-19 is an extremely contagious disease characterized by flu-like symptoms such as fever, coughing, and difficulty breathing. The virus was discovered in Wuhan, and has since spread throughout the world, which include West Europe, Asia, North America. Covid-19 has had a significant impact on a number of industries, one of which is the o machinery and equipment industry. A shutdown, boundary shutdown, lockdowns, followed by other forms of suppression have only exacerbated the situation. To cope with this pandemic scenario, all travel and outdoor activities were suspended. Because of health and safety concerns, all of the individuals were staying at home, which has a negative impact on the portable air conditioning system market growth and on every other market for machinery and equipment.
"Implementation of Advanced Technologies by Market Players Market Magnification "
Furthermore, leading portable air conditioner manufacturers are implementing advanced technologies to enhance the product's energy efficiency. Increasing awareness and increased electricity consumption as a result of the increased utilization conditioning systems may result to the implementation of strict regulations by governing bodies. This is expected to drive a high demand for power efficient portable air conditioners throughout the coming years, influencing the most recent strategy applied by the major players inside the portable air conditioning system market. Using cutting-edge technologies to reduce energy usage is expected to stay a popular trend between many market players inside the air conditioners industry for the foreseeable future.
Portable Air Conditioning System Market Segmentation
Request a Free Sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into portable air conditioner for small room, portable air conditioner for medium room, portable air conditioner for large room
Portable air conditioner for small room is the leading part of the type segment
- By Application Analysis
According to application, the market can be segmented into equipment & server rooms, factories & warehouses, medical & hospitals, residential care facilities & apartment communities
Equipment & server rooms is the leading part of the application segment
"Growing Awareness of Indoor Air Quality to Boost Market Share "
With a growing awareness of the significance of sustaining indoor air quality, the use of portable conditioning system is increasing in both developed and developing countries. The growing popularity of portable conditioning system can be attributed to the growing demand for compact and portable system that can be easily transported. Furthermore, an increase in the demand for spot-cooling in both residential and commercial spaces is driving up revenues of portable air conditioning units. This is assisting the portable air conditioning system market share.
"Technological Advancements to Aid Market Forwarding "
While a portable air conditioning market share is getting momentum, recent technological advancements are having a major impact on the portable air conditioning system market future growth prospects. Industries of portable air conditioning system are incorporating next-generation technologies to improve key features including regulation, ease of use, and connectivity. With the sales growth of portable air conditioning in addition to technically sophisticated features, the portable air conditioning market is expanding at a rapid rate.
"Noise Factor to Deplete Market Advancement "
A certified air conditioner technician will cautiously match the dimensions of one’s residence to the air conditioning unit, ensuring that users receive the appropriate portion of cooling power. This ensures that cooling is distributed evenly throughout one’s home. A portable unit can only cool a limited amount of space. Users might only be capable of cooling one room based on the dimensions of the unit users’ purchase. Furthermore, portable air conditioners make a lot of noise. The condenser unit in a centralized air system is kept outside.
Portable Air Conditioning System Market Regional Insights
Request a Free Sample to learn more about this report
"Widespread Usage of the Machinery to Foster Market Growth in North America and Asia Pacific "
The portable conditioning system market in the North America region is being driven by the supplying a cooler workplace increases employee productivity, resulting in a demand for spot-cooling equipment including such portable air conditioners. Portable air conditioners are becoming more popular in commercial settings due to the health benefits they provide. Furthermore, spot-cooling appliances are used in a variety of manufacturing processes, which stimulates the economy for portable air conditioning system in the industry sector. The growing market for energy-efficient and straight-cooling appliances in both the residential and commercial sectors is propelling the air conditioners market growth forward.
Because of the increased-on use electricity for air conditioners, strict energy saving standards for portable air conditioners may be imposed in the near future. Given the growing demand for cooling equipment and their own environmental consequences, the requirement for a power air conditioner is anticipated to skyrocket in the coming years in Asia Pacific region.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- DeLonghi (Italy)
- Airart (France)
- Electrolux (Sweden)
- Olimpia Splendid (Italy)
- Midea (China)
- LG (South Korea)
- Haier (China)
- Suntec (India)
- Carrier (U.S.)
- Whirlpool (U.S.)
- NewAir (U.S.)
- Whynter (U.S.)
- Gree (China)
- Panasonic (Japan)
- Aux (U.S.)
- Chigo (China)
The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
|Market Size Value In||US$ 971.6 Million in 2022|
|Market Size Value By||US$ 1458.1 Million by 2028|
|Growth Rate||CAGR of 7% from 2022 to 2028|
|Historical Data Available||Yes|
|Segments Covered||Type and Application|
Frequently Asked Questions
What value is the global portable air conditioning system expected to touch by 2028?
The global portable air conditioning system market is expected to touch USD 1458.1 million by 2028.
What CAGR is portable air conditioning system expected to exhibit during 2022-2028?
The portable air conditioning system market is expected to exhibit a CAGR of 7.0% over 2022-2028.
Which are the driving factors of the portable air conditioning system market?
Growing awareness of indoor air quality and technological advancements to drive the portable air conditioning system market.
Which are the top companies operating in the portable air conditioning system market?
DeLonghi, Airart, Electrolux, Olimpia Splendid, Midea are the top companies operating in the portable air conditioning system market.