Portable Air Conditioner Market is Expected to Grow at a CAGR of Around 3% During 2019 - 2027

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Portable Air Conditioner Market is expected to witness
gradual expansion at a CAGR of 2.8%
March 2020 Report Id : REP-GB-9001
Published On : Feb-2019
Category : Retail and Consumer Products

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Portable Air Conditioner Market is expected to witness gradual expansion at a CAGR of 2.8%
Portable air conditioner sales closed in on around US$ 1 billion in 2018, which are envisaged to witness a
sluggish below-3% growth in 2019. According to a new study of Future Market Insights (FMI), more than
80% of the overall sales of portable air conditioner is accounted by residential end users. Commercial use
has been estimated to account for a negligible revenue share in the portable air conditioner market.
Mid-sized Portable Air Conditioner Top Selling
Over 5 in 10 portable air conditioner buyers are observed to prefer medium capacity models, i.e. 11,000-
15,000 BTUs. FMI’s analysis suggests that portable air conditioners within this capacity range will
continue to experience modest growth in sales over the coming years. On the other side, low capacity
and high capacity models of portable air conditioner will reportedly register sluggish rate in terms of
revenue. Compact size is cited as the key demand determinant dictating sales growth of mid-capacity
models in market.
More than 3/5th of the overall sales of portable air conditioner is contributed by multi-brand stores, and
organized retail stores - i.e. supermarkets & hypermarkets. The revenue share of the former will however
expand at a relatively higher pace, according to the report.
Portable Air Conditioner Market Analysis
4

APEJ Strongest Consumer Base Sustaining Portable AC Sales
With a current market value share of over 40%, Asia Pacific has been providing a prime consumer base
for portable air conditioner manufacturing brands. North America, the next key market for penetration of
portable air conditioner, will however record a falling rate of revenue growth in the years to come. The
report attributes APEJ’s lead in market to the availability of a wide size range at economic price point,
compact size and mobility, and consistently improving per capita spending of Asian consumers on lifestyle
and convenience products. However, it also highlights that relatively higher noise production and lesser
energy efficiency of portable air conditioners over conventional counterparts will remain the key pull
factor forestalling their rapid demand growth.
The report has profiled some of the leading companies operating in the global portable air conditioner
market landscape, including LG Electronics Inc., Panasonic Corporation, Electrolux AB, Friedrich, Haier
Group Corporation, and The Whirlpool Corporation among others. As indicated by FMI’s study, leading
manufacturers of portable air conditioners have been maintaining strategic focus on development of
innovative models that are competitive priced and have innovative functional features. Introduction of
portable air conditioner-cum-dehumidifier has been a booster to portable AC sales in the market,
recently. Delivering higher energy efficiency with additional features will reportedly be the key
developmental strategy trending the competitive landscape of portable air conditioner market.
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Source:https://www.globenewswire.com/news-release/2019/03/05/1748154/0/en/Portable-Air-
Conditioner-Market-Poised-to-Expand-at-a-Robust-Pace-Over-of-US-1-311-2-Mn-by-2027-Future-
Market-Insights.html
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated
research reports, custom research reports and consulting services which are personalized in nature. FMI
delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes,
technology inputs, valuable growth insights and an aerial view of the competitive framework and future
market trends.
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Portable Air Conditioner Market is Expected to Grow at a CAGR of Around 3% During 2019 - 2027

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Portable Air Conditioner Market is Expected to Grow at a CAGR of Around 3% During 2019 - 2027