Portable Air Conditioner Market is Expected to Grow at a CAGR of Around 3% During 2019 - 2027

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Portable Air Conditioner Market is expected to
witness gradual expansion at a CAGR of 2.8

• March 2020

Report Id REP-GB-9001 Published On
Feb-2019 Category Retail and Consumer Products
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Portable Air Conditioner Market Analysis

• Portable Air Conditioner Market is expected to
  witness gradual expansion at a CAGR of 2.8
• Portable air conditioner sales closed in on
  around US 1 billion in 2018, which are envisaged
  to witness a sluggish below-3 growth in 2019.
  According to a new study of Future Market
  Insights (FMI), more than 80 of the overall
  sales of portable air conditioner is accounted by
  residential end users. Commercial use has been
  estimated to account for a negligible revenue
  share in the portable air conditioner market.
• Mid-sized Portable Air Conditioner Top Selling
• Over 5 in 10 portable air conditioner buyers are
  observed to prefer medium capacity models, i.e.
  11,000-15,000 BTUs. FMIs analysis suggests that
  portable air conditioners within this capacity
  range will continue to experience modest growth
  in sales over the coming years. On the other
  side, low capacity and high capacity models of
  portable air conditioner will reportedly register
  sluggish rate in terms of revenue. Compact size
  is cited as the key demand determinant dictating
  sales growth of mid-capacity models in market.
• More than 3/5th of the overall sales of portable
  air conditioner is contributed by multi-brand
  stores, and organized retail stores - i.e.
  supermarkets hypermarkets. The revenue share of
  the former will however expand at a relatively
  higher pace, according to the report.

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Portable Air Conditioner Market Analysis

• APEJ Strongest Consumer Base Sustaining Portable
  AC Sales
• With a current market value share of over 40,
  Asia Pacific has been providing a prime consumer
  base for portable air conditioner manufacturing
  brands. North America, the next key market for
  penetration of portable air conditioner, will
  however record a falling rate of revenue growth
  in the years to come. The report attributes
  APEJs lead in market to the availability of a
  wide size range at economic price point, compact
  size and mobility, and consistently improving per
  capita spending of Asian consumers on lifestyle
  and convenience products. However, it also
  highlights that relatively higher noise
  production and lesser energy efficiency of
  portable air conditioners over conventional
  counterparts will remain the key pull factor
  forestalling their rapid demand growth.
• The report has profiled some of the leading
  companies operating in the global portable air
  conditioner market landscape, including LG
  Electronics Inc., Panasonic Corporation,
  Electrolux AB, Friedrich, Haier Group
  Corporation, and The Whirlpool Corporation among
  others. As indicated by FMIs study, leading
  manufacturers of portable air conditioners have
  been maintaining strategic focus on development
  of innovative models that are competitive priced
  and have innovative functional features.
  Introduction of portable air conditioner-cum-dehum
  idifier has been a booster to portable AC sales
  in the market, recently. Delivering higher energy
  efficiency with additional features will
  reportedly be the key developmental strategy
  trending the competitive landscape of portable
  air conditioner market.

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Portable Air Conditioner Market Analysis

• Sourcehttps//www.globenewswire.com/news-release/
  2019/03/05/1748154/0/en/Portable-Air-Conditioner-M
  arket-Poised-to-Expand-at-a-Robust-Pace-Over-of-US
  -1-311-2-Mn-by-2027-Future-Market-Insights.html
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  view of the competitive framework and future
  market trends.

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Portable Air Conditioner Market Analysis

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