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Market Overview of Global Portable Air Conditioning System market:
According to our latest research, the global Portable Air Conditioning System market looks promising in the next 5 years. As of 2022, the global Portable Air Conditioning System market was estimated at USD 1300.06 million, and it's anticipated to reach USD 2392.69 million in 2028, with a CAGR of 10.7% during the forecast years.
Portable Air Conditioning System are a device to modify the condition of air (heating, cooling, but mainly cooling). Perfect for a variety of cooling situations, Portable Air Conditioning System 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 Conditioning System 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 production and sales of Portable Air Conditioning System are affected by Covid-19
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Portable Air Conditioning System industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Consumers pay more attention to sustainable development
With the extensive use of natural resources, a large number of reports on negative impacts on the earth and communities, and information provided by social media and mobile applications, consumers' understanding and awareness of sustainable development issues are increasing. It is not cost-effective to purchase fixed household air conditioners. Therefore, Portable Air Conditioning System is a very suitable choice. This increase in demand will continue to promote the development of the Portable Air Conditioning System industry in the future.
Development of online sales model of Portable Air Conditioning System
With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Portable Air Conditioning System industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Portable Air Conditioning System industry.
Fierce competition
Portable Air Conditioning System is a sub-category of air conditioners, facing very fierce market competition. As the technology of household split air conditioners matures, the price has gradually stabilized at a level that consumers can afford. This will bring a huge challenge to Portable Air Conditioning System, because household split air conditioners are better than portable air conditioners from the perspective of user experience. In addition, a large number of Chinese manufacturers have begun to enter the international market, and relying on their industrial chain advantages have also greatly reduced the prices of all types of air conditioners. This makes household split air conditioners or central air conditioners more competitive.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (31.29% in 2022).
Company Overview:
DeLonghi is one of the major players operating in the Portable Air Conditioning System market, holding a share of 19.82% in 2023.
DeLonghi
The De' Longhi Group is one of the world's leading players in the small domestic appliance sector dedicated to the world of coffee, cooking, air conditioning and home care. The company was founded by the De'Longhi family in 1902 as a small industrial parts manufacturing workshop.
Electrolux
Electrolux AB is a Swedish multinational home appliance manufacturer, headquartered in Stockholm. Electrolux products sell under a variety of brand names (including its own), and are primarily major appliances and vacuum cleaners intended for home consumer use.
Segmentation Overview:
By type, Portable Air Conditioner for Small Room segment accounted for the largest share of market in 2022.
Portable Air Conditioner for Small Room
Portable Air Conditioner for Small Room are ideal for small bedrooms, offices, or nurseries up to 300 square feet.
Portable Air Conditioner for Medium Room
Portable air conditioners in this category are best suited for cooling medium areas such as living rooms, sun rooms, or bedrooms is between 350 and 700 square feet.
Portable Air Conditioner for Large Room
These portable air conditioners work well in commercial and industrial applications, including large computer server rooms, manufacturing facilities, and special event spaces.
Application Overview:
In the Portable Air Conditioning System market, 83.28% of the total value was generated through the Residential segment by application in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Portable Air Conditioning System market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Portable Air Conditioning System Market Report:
Market Size Estimates: Portable Air Conditioning System market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Portable Air Conditioning System market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Portable Air Conditioning System market
Segment Market Analysis: Portable Air Conditioning System market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Portable Air Conditioning System market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Portable Air Conditioning System Market: Revenue and sales volume of major countries in each region
Portable Air Conditioning System Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Portable Air Conditioning System market in major regions.
Portable Air Conditioning System Industry Value Chain: Portable Air Conditioning System market raw materials & suppliers, manufacturing process, distributors, downstream customers
Portable Air Conditioning System Industry News, Policies & Regulations
Key players in the global Portable Air Conditioning System market are covered in Chapter 12:
KwiKool
LG
Whirlpool
Midea
DeLonghi
Chigo
Honeywell
NewAir
Suntec
Whynter
Electrolux
Aux
Gree
Olimpia Splendid
MovinCool
Haier
In Chapter 2 and Chapter 15.1, based on types, the Portable Air Conditioning System market from 2018 to 2028 is primarily split into:
Portable Air Conditioner for Small Room
Portable Air Conditioner for Medium Room
Portable Air Conditioner for Large Room
In Chapter 3 and Chapter 15.2, based on applications, the Portable Air Conditioning System market from 2018 to 2028 covers:
Residential
Commercial
Industrial
Municipal
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Portable Air Conditioning System market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028