Abstract, Snapshot, Market Analysis & Market Definition: Portable Air Conditioning System Market
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.
In 2019, the market size of Portable Air Conditioning System is 728.5 million US$ and it will reach 1169.9 million US$ in 2025, growing at a CAGR of 7. 0% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Portable Air Conditioning System. This report studies the global market size of Portable Air Conditioning System, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Portable Air Conditioning System production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
Market Segmentation, Outlook & Regional Insights: Portable Air Conditioning System Market
Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:
Portable Air Conditioner For Small Room
Portable Air Conditioner For Medium Room
Portable Air Conditioner For Large Room
Segmentation by Application: Breakdown of data from year 2014 to 2019 and forecast until 2025:
Equipment & Server Rooms
Factories & Warehouses
Medical & Hospitals
Residential Care Facilities & Apartment Communities
Key Players, Recent Developments & Sector Viewpoints: Portable Air Conditioning System Market
DeLonghi
Airart
Electrolux
OlimpiaSplendid
Midea
LG
Haier
Suntec
Carrier
Whirlpool
NewAir
Whynter
Gree
Panasonic
Aux
Chigo
Key Insights Covered: Exhaustive Portable Air Conditioning System Market
1. Market size (sales, revenue and growth rate) of Portable Air Conditioning System industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Portable Air Conditioning System industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Portable Air Conditioning System industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Portable Air Conditioning System industry.
Research Methodology: Portable Air Conditioning System Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.