Growing Applications Of Portable Air Conditioners To Drive The Global Market Growth Of Portable Air Conditioners

Author : Acumen Research and Consulting

Portable air conditioners depend on refrigerants to cut back the temperature. They condense the wet out of the air and pick up in an exceedingly drain bucket or exhausted out with the help of a drain hose or gaseous out area. Portable air conditioners have become a preferable alternative to traditional air- conditioner systems given that they are perfect for a spread of cooling space. They are both compact and mobile and interestingly need no permanent installation. Additionally, they can prove to be more cost efficient to use as they provide cooling flow to either a dedicated part of the home or a supplement to central air conditioners.

The global portable AC market can be segmented on the basis or type, application and geography. In terms of type the market, it is classified into portable air conditioner for small room, or medium room or large room. While talking about the application segment of the market, it can be further classified into residential care facilities & apartment communities, factories and warehouses, medical and hospitals, equipment and server room among others. The geographical bifurcation of the market includes North America, Europe, China, Japan, South Korea, India and Rest of the World.

The growth of the market can be attributed to various factors including the worldwide replacement of traditional ACs especially in regions that are developed along with the growing consciousness regarding energy- efficient and eco friendly products. There has been a significant rise in construction activities which include enhancement in housing construction style and rise in variety of building permits especially for industrial infrastructures as well. An overall acceptance of this product has assured that by 2025 its maker value will touch $1.7 billion estimated to grow at a CAGR of almost 10% with relation to its revenue during the forecast period of 2018-2025.

However, certain challenges that this market is facing includes the relatively higher power consumption and the issues related to carbon emission both of which needs to be attended seriously.

Here are some more points that explain about the global portable AC market:

  • Stringent government rules and regulations are driving the growth of this market.
  • The largest market share was accounted by the Asia- Pacific region due to the rapid growing economies present there. Following this region, Europe is anticipated to lead the market in the forecast period.
  • According to the application segment of portable AC market, medium room segment held the prominent share of the market in the year 2017.
  • Some of the key players of the global portable AC market include LG, Whynter, Electrolux, Daikin and Denso to list a few.

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