Portable Air Conditioners Market Size (2024 - 2029)

The portable air conditioners market is experiencing growth driven by factors such as rapid urbanization, increased household spending, and technological advancements that have introduced more energy-efficient models. The market's expansion is supported by the demand for mobility, flexible installation, and affordability compared to other cooling options. Although the market faced challenges during the initial COVID-19 pandemic due to supply chain disruptions, it has since been recovering, with demand rising as remote work and lockdowns increased the need for cooling systems. The market's size is further influenced by the growing consumer preference for eco-friendly products and the opportunity for companies to enhance their market share through targeted advertising and campaigns.

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Market Size of Portable Air Conditioners Industry

Portable Air Conditioners Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Portable Air Conditioners Market Major Players

*Disclaimer: Major Players sorted in no particular order

Portable Air Conditioners Market Analysis

The portable air conditioners market has generated a revenue of over USD 1.12 billion in the current year and is anticipated to register a CAGR of more than 4% for the forecast period.

  • The growth of the portable air conditioners market was primarily due to rapid urbanization, increased discretionary household expenditure, and technological advances leading to the introduction of more smart energy-efficient variants. Other factors driving the adoption of portable air conditioners include mobility, easy/flexible installation, and affordability as compared to other equivalents. There is growing demand for eco-friendly and energy-efficient portable air conditioners. The portable air conditioners are widely used in the regions of Asia-Pacific over others.
  • During the initial stage of COVID-19, due to supply chain disruptions, the market has experienced losses due to stoppage in manufacturing and distribution services. Later, due to lockdowns and work-from-home culture, the demand for cooling systems has risen. Post-COVID, the market is experiencing gradual growth according to seasonal demand fluctuations.
  • Consumer spending has observed a significant rise over the past two years. This creates an opportunity for portable Air Conditional players to expand their market share with advertisements and campaigns to occupy a share of increasing consumer spending.

Portable Air Conditioners Industry Segmentation

A portable air conditioner is a self-contained portable system ideal for cooling single rooms. They typically sit on the floor and come with an installation kit for quick setup. A portable air conditioner, also known as a stand-up air conditioner, can be moved around very easily and can be set up anywhere besides a window and a socket. They remove the moisture by self-evaporation, gravity drains, and internal ducts. 

The portable air conditioners market is segmented by product type ( single-hose portable air conditioners, double-hose portable air conditioners, and other types), by application (residential and commercial), by distribution channel (direct sales, multi-brand, specialty stores, and online), and by geography (North America, Asia-Pacific, Europe, South America, Middle-East and Africa and Rest of the World). 

The report offers market size and forecasts in value (USD) for all the above segments.

By Product Type
Single-Hose Portable Air Conditioners
Double-Hose Portable Air Conditioners
Other Types
By Application
Residential
Commercial
By Distribution Channel
Direct Sales
Multi-brand
Specialty Stores
Online
By Geography
North America
United States
Canada
Rest of North America
Asia-Pacific
India
China
Australia
Rest of Asia Pacific
Europe
Germany
United Kingdom
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
Rest of the World
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Portable Air Conditioners Market Size Summary

The portable air conditioners market is experiencing growth driven by factors such as rapid urbanization, increased discretionary spending, and technological advancements that have led to the development of smart, energy-efficient models. The demand for these units is bolstered by their mobility, ease of installation, and cost-effectiveness compared to traditional cooling systems. The market is particularly strong in the Asia-Pacific region, where portable air conditioners are favored for their ability to provide cooling solutions in urban areas lacking centralized systems. The COVID-19 pandemic initially disrupted supply chains, but subsequently increased demand for cooling systems as more people worked from home. This trend has continued, with consumer spending on such appliances rising, presenting opportunities for market players to expand their reach through targeted marketing efforts.

The market is characterized by a fragmented landscape with numerous global players, making it challenging for smaller companies to achieve economies of scale. However, the introduction of technologically innovative products and the rise of online sales channels offer opportunities for these smaller entities to carve out a niche. The commercial segment, particularly in supermarkets, residential buildings, and commercial complexes, is a significant user of portable air conditioners, driven by urbanization and the growing number of restaurants. Major players in the market include LG Electronics, Haier, Daikin, Electrolux, and Panasonic, with recent strategic partnerships aimed at enhancing product offerings and expanding market presence.

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Portable Air Conditioners Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Temperature Fluctuations are Driving the Market

    3. 1.3 Market Restraints

      1. 1.3.1 Limited Cooling Capacity is Restraining the Market

    4. 1.4 Market Opportunities

      1. 1.4.1 Innovations can Create Opportunities to New Entrants

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Insights into Technological Advancements in the Industry

    7. 1.7 Industry Attractiveness: Porter's Five Forces Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitutes

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Single-Hose Portable Air Conditioners

      2. 2.1.2 Double-Hose Portable Air Conditioners

      3. 2.1.3 Other Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channel

      1. 2.3.1 Direct Sales

      2. 2.3.2 Multi-brand

      3. 2.3.3 Specialty Stores

      4. 2.3.4 Online

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Asia-Pacific

        1. 2.4.2.1 India

        2. 2.4.2.2 China

        3. 2.4.2.3 Australia

        4. 2.4.2.4 Rest of Asia Pacific

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 South Africa

        4. 2.4.5.4 Rest of Middle East and Africa

      6. 2.4.6 Rest of the World

Portable Air Conditioners Market Size FAQs

The Portable Air Conditioners Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

LG Electronics, Haier, Daikin, Electrolux and Panasonic are the major companies operating in the Portable Air Conditioners Market.

Portable Air Conditioners Market Report Snapshots

Portable Air Conditioners Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)