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Portable AC Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Jul 2024

Report ID: ARC916

Pages : 250

Format : Portable AC Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Summary Table of Content Customization Download Sample Infographics

The Portable AC Market Size accounted for USD 1.12 Billion in 2023 and is estimated to achieve a market size of USD 1.62 Billion by 2032 growing at a CAGR of 4.3% from 2024 to 2032.

Portable AC Market Highlights

  • Global portable AC market revenue is poised to garner USD 1.62 billion by 2032 with a CAGR of 4.3% from 2024 to 2032
  • Asia-Pacific portable AC market value occupied around USD 492.8 million in 2023
  • Asia-Pacific portable AC market growth will record a CAGR of more than 5.2% from 2024 to 2032
  • Among type, the medium room sub-segment generated more than USD 560 million revenue in 2023
  • Based on end user, residential sub-segment generated around 75% market share in 2023
  • Rising demand for portable ACs in commercial spaces is a popular portable AC market trend that fuels the industry demand

Portable AC Market Dynamics

A portable AC (PAC) is an independent, compact framework perfect for cooling single rooms. They normally sit on the floor and come with an installation unit for quick setup. Most models also have wheels so you can move them to different rooms, making them a good alternative to window units. Requirements vary depending on the model, but setup is usually quick and easy. Since every portable AC expels warm air and moisture as it cools, the air must be exhausted to another location, generally outside through an included window unit. Window units have a window slider and exhaust hose(s), which can easily be set up to vent warm air outside. Select models can also be vented into a drop ceiling or through a wall. Once you set up the exhaust hose and window unit, you can simply plug in your AC and start cooling. Like other types of room air conditioners, portable ACs measures their capacity in BTUs. The more BTUs of cooling power a PAC has, the more space it can cool.

Most portable ACs can be easily vented through conventional double-hung windows, also called vertical sash windows, using window kit accessories. These same accessories can typically be used for venting some models of portable air conditioners through a sliding window as well. Venting portable ACs through sliding glass doors is more difficult than straightforward window installations. The window fitting kits used for conventional windows usually don’t expand far enough to cover the height of the door.

Global Portable AC Market Dynamics

Market Drivers

  • Increasing demand for energy-efficient cooling solutions
  • Growing urbanization and rising living standards
  • Portability and ease of installation
  • Technological advancements and smart features

Market Restraints

  • High initial cost compared to traditional window units
  • Noise levels during operation
  • Limited cooling capacity for larger spaces

Market Opportunities

  • Expanding market in emerging economies
  • Development of eco-friendly and sustainable models
  • Integration with smart home systems

Portable AC Market Report Coverage

Market Portable AC Market
Portable AC Market Size 2022 USD 1.12 Billion
Portable AC Market Forecast 2032 USD 1.62 Billion
Portable AC Market CAGR During 2023 - 2032 4.3%
Portable AC Market Analysis Period 2020 - 2032
Portable AC Market Base Year
2022
Portable AC Market Forecast Data 2023 - 2032
Segments Covered By Type, By End User, By Distribution Channel, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled De'Longhi, LG Electronics, Honeywell International, Haier Group, Whynter, Danby Appliances, Black+Decker, Frigidaire (Electrolux), EdgeStar, and Soleus Air.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Portable AC Market Insights

The portable air conditioner (AC) market is experiencing significant growth, driven by several key factors. One major driver is the rising awareness towards energy-efficient products. Consumers are becoming more conscious of the energy consumption of their appliances, and portable ACs are seen as a more energy-efficient option compared to traditional central or window air conditioning systems. This trend is particularly strong in developed economies such as Europe and North America, where there is greater variation in climate and a higher standard of living. These regions are seeing a surge in demand for portable AC units as they provide a convenient and efficient cooling solution. Moreover, regulatory standards for electrical appliances have necessitated the production of portable air conditioners as an alternative to conventional AC units. These regulations ensure that new products are more energy-efficient, which not only benefits the environment but also helps consumers reduce their electricity bills. The growing environmental consciousness among consumers is also expected to drive the portable AC market further, as more people seek to minimize their ecological footprint by opting for greener alternatives.

In emerging economies, such as China, market players often offer products at lower prices than in the global portable air conditioner market. This pricing strategy results in reduced profit margins for industry participants, as they are forced to offer competitive rates to attract cost-sensitive consumers. Despite this challenge, the overall market outlook remains positive. Additionally, portable ACs are favored for their ease of handling and flexibility. They can be easily moved from one room to another, providing cooling where it is most needed. Their relatively lower power consumption compared to traditional AC units makes them a cost-effective choice for many households. These features, combined with the increasing affordability of portable AC units, are expected to continue boosting the market during the portable AC industry forecast period.Portable AC Market Growth 2024 - 2032

Portable AC Market Segmentation

The worldwide portable AC market is split based on type, end user, distribution channel, and geography.

Portable AC Market By Types

  • Small Room
  • Medium Room
  • Large Room

According to portable AC industry analysis, the medium room segment is the leading segment in the market due to its versatility and broad appeal. Portable AC units designed for medium-sized rooms offer an ideal balance between cooling capacity and energy efficiency, making them suitable for a wide range of applications, from residential to small commercial spaces. These units typically provide enough power to cool spaces between 300 to 500 square feet, which encompasses a large portion of typical living and working areas. Their popularity is further driven by their affordability and ease of installation, appealing to consumers seeking effective cooling solutions without the need for permanent installations. The growing trend of urban living, where apartments and medium-sized homes are prevalent, also contributes to the dominance of this segment in the portable AC market.

Portable AC Market By End Users

  • Residential
  • Commercial

The residential segment is the largest category in end user and it is expected to grow over the portable AC market forecast period, driven by the increasing demand for flexible and efficient cooling solutions in homes. Homeowners value the portability of these units, which allows for easy movement between rooms and eliminates the need for permanent installation. This is particularly advantageous for renters and those living in smaller spaces where central air conditioning isn't feasible. Additionally, the rising awareness of energy-efficient appliances encourages more households to opt for portable ACs to manage their cooling needs while minimizing energy consumption. The affordability and ease of use of portable air conditioners further boost their popularity among residential users, making this segment the largest and fastest-growing in the market.

Portable AC Market By Distribution Channels

  • Supermarket & Hypermarket
  • Specialty Store
  • Departmental Stores
  • E-Commerce
  • Others

In terms of portable AC market forecast, the specialty store segment will dominate the industry from 2024 to 2032 due to its focus on providing a wide range of cooling solutions and expert customer service. These stores offer a comprehensive selection of portable air conditioners, catering to various needs and preferences, which attract consumers seeking tailored advice and high-quality products. Customers often prefer specialty stores for their knowledgeable staff who can provide detailed information and recommendations based on specific requirements. Additionally, the ability to see and compare different models in person enhances the shopping experience, making it easier for buyers to make informed decisions. This personalized approach and the availability of specialized products contribute to the prominence of specialty stores in the portable AC market.

Portable AC Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Portable AC Market Drivers

Portable AC Market Regional Analysis

The Asia-Pacific region is the largest and fastest-growing market for portable air conditioners, driven by several key factors. Rapid urbanization and increasing disposable incomes have led to a surge in demand for consumer electronics, including portable ACs. The regions diverse and often extreme climate conditions necessitate effective cooling solutions, further boosting portable AC market growth.

Countries like China, India, and Japan are at the forefront of this expansion. In China and India, the burgeoning middle class and rising living standards have significantly increased the demand for household appliances. Additionally, the trend of smaller living spaces in densely populated urban areas makes portable ACs an ideal choice due to their compact size and ease of installation. In Japan, technological advancements and the focus on energy-efficient products align well with consumer preferences, driving the adoption of advanced portable AC units.

The Asia-Pacific market is also characterized by competitive pricing and innovation from local manufacturers, making portable ACs more accessible to a broader population. Government initiatives promoting energy-efficient appliances and rising awareness of climate change impacts further support market growth. Moreover, the region's expanding e-commerce sector facilitates easier access to a wide range of products, contributing to increased sales of portable ACs. The combination of economic growth, technological advancement, and changing consumer preferences positions the Asia-Pacific region as a pivotal market for portable air conditioners, with substantial growth prospects in the coming years.

Portable AC Market Players

Some of the top portable AC companies offered in our report includes De'Longhi, LG Electronics, Honeywell International, Haier Group, Whynter, Danby Appliances, Black+Decker, Frigidaire (Electrolux), EdgeStar, and Soleus Air.

Frequently Asked Questions

How big is the portable AC market?

The portable AC market size was valued at USD 1.12 billion in 2023.

What is the CAGR of the global portable AC market from 2024 to 2032?

The CAGR of portable AC is 4.3% during the analysis period of 2024 to 2032.

Which are the key players in the portable AC market?

The key players operating in the global market are including De'Longhi, LG Electronics, Honeywell International, Haier Group, Whynter, Danby Appliances, Black+Decker, Frigidaire (Electrolux), EdgeStar, and Soleus Air.

Which region dominated the global portable AC market share?

Asia-Pacific held the dominating position in portable AC industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of portable AC during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global portable AC industry?

The current trends and dynamics in the portable AC industry include increasing demand for energy-efficient cooling solutions, growing urbanization and rising living standards, portability and ease of installation, and technological advancements and smart features

Which end user held the maximum share in 2023?

The residential end user held the maximum share of the portable AC industry.

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