Market Overview:
The global residential portable air conditioning systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and cost-effective cooling solutions, especially in regions with high temperatures and humidity levels. In addition, the growing popularity of portable air conditioners as an alternative to traditional window or central air conditioning systems is also contributing to the growth of this market. The global residential portable air conditioning systems market can be segmented on the basis of type into portable air conditioners for small rooms, medium rooms, and large rooms; on the basis of application into houses and apartments; and on the basis of region into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to lead the global residential portable air conditioning systems market in terms of revenue during 2018-2030 owing to factors such as rising disposable income levels among consumers coupled with increasing awareness about energy efficiency among buyers across countries such as Canada and U.S.
Product Definition:
A residential portable air conditioning system is a small, window-mounted unit that cools one or two rooms. Portable AC systems are important because they can be used in places where central air conditioning is not available, such as apartments and dormitories.
Portable Air Conditioner For Small Room:
The global portable air conditioner for small room, it's usage and growth factor in the residential portable air conditioning systems market is expected to witness significant growth over the forecast period. The demand for a portable unit is increasing due to its several advantages such as portability, easy installation and operation, low power consumption etc. In addition, factors such as changing climatic conditions and need of cooling off rooms are also driving the product demand globally.
Portable Air Conditioner For Medium Room:
The portable air conditioner for the medium room is used to provide cooling during summer season. It has a capacity of cooling up to 300 Sq. Ft. and can be used in residential portable air conditioning systems as well as commercial applications like small sized meeting rooms, hospitality suite, etc. The product is available with different technologies like heat pump technology, compressor technology and others which have the ability to cool down quickly and efficiently making it one of the best products in its category.
Application Insights:
The application segment includes houses and apartments. The house segment held the largest share of over 70.0% in 2017 owing to the rising demand for residential air conditioning systems in developing countries, such as India, China and Thailand. In addition, increasing spending capacity of consumers is expected to drive the market for residential portable air conditioners over the forecast period.
The apartment segment is anticipated to witness significant growth during the forecast period due to increasing urbanization along with a rise in disposable income among middle-class population groups across various regions including Asia Pacific and Middle East & Africa.
Regional Analysis:
The Asia Pacific regional market is expected to register the highest CAGR of XX% over the forecast period owing to rapid urbanization and increasing disposable income of consumers. Moreover, government initiatives encouraging people to invest in residential a/c are projected to drive demand across this region. For instance, in India, White Label Product provides portable air conditioning units under brands such as Daikin and Carrier for home use at affordable prices along with installation services.
North America was estimated as the second-largest regional market followed by Europe owing both regions being technologically advanced countries offering leading solutions based on their type (portable, window) and application (household).
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly cooling systems
- Rising disposable income of consumers in developing countries
- Proliferation of smart homes and buildings that require advanced cooling systems
- Growing popularity of portable air conditioners among urban consumers
- Technological advancements in residential portable air conditioning systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Portable Air Conditioning Systems Market Research Report
By Type
Portable Air Conditioner For Small Room, Portable Air Conditioner For Medium Room, Portable Air Conditioner For Large Room
By Application
House, Apartment
By Companies
DeLonghi, JMATEK, Electrolux, LG, Carrier, Suntec, Midea, Whirlpool, Gree, Haier, Olimpia Splendid, Whynter
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Residential Portable Air Conditioning Systems Market Report Segments:
The global Residential Portable Air Conditioning Systems market is segmented on the basis of:
Types
Portable Air Conditioner For Small Room, Portable Air Conditioner For Medium Room, Portable Air Conditioner For Large Room
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
House, Apartment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DeLonghi
- JMATEK
- Electrolux
- LG
- Carrier
- Suntec
- Midea
- Whirlpool
- Gree
- Haier
- Olimpia Splendid
- Whynter
Highlights of The Residential Portable Air Conditioning Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable Air Conditioner For Small Room
- Portable Air Conditioner For Medium Room
- Portable Air Conditioner For Large Room
- By Application:
- House
- Apartment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Residential Portable Air Conditioning Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A residential portable air conditioning system is a device that can be used to cool down a room or house. These systems are usually smaller than the commercial versions, and they are not as powerful. They are also less expensive, which makes them more affordable for people who use them on a regular basis.
Some of the major companies in the residential portable air conditioning systems market are DeLonghi, JMATEK, Electrolux, LG, Carrier, Suntec, Midea, Whirlpool, Gree, Haier, Olimpia Splendid, Whynter.
The residential portable air conditioning systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Residential Portable Air Conditioning Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Residential Portable Air Conditioning Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Portable Air Conditioning Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Residential Portable Air Conditioning Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Residential Portable Air Conditioning Systems Market Size & Forecast, 2018-2028
4.5.1 Residential Portable Air Conditioning Systems Market Size and Y-o-Y Growth
4.5.2 Residential Portable Air Conditioning Systems Market Absolute $ Opportunity
Chapter 5 Global Residential Portable Air Conditioning Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Residential Portable Air Conditioning Systems Market Size Forecast by Type
5.2.1 Portable Air Conditioner For Small Room
5.2.2 Portable Air Conditioner For Medium Room
5.2.3 Portable Air Conditioner For Large Room
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residential Portable Air Conditioning Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Residential Portable Air Conditioning Systems Market Size Forecast by Applications
6.2.1 House
6.2.2 Apartment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Portable Air Conditioning Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Residential Portable Air Conditioning Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Residential Portable Air Conditioning Systems Analysis and Forecast
9.1 Introduction
9.2 North America Residential Portable Air Conditioning Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Residential Portable Air Conditioning Systems Market Size Forecast by Type
9.6.1 Portable Air Conditioner For Small Room
9.6.2 Portable Air Conditioner For Medium Room
9.6.3 Portable Air Conditioner For Large Room
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Residential Portable Air Conditioning Systems Market Size Forecast by Applications
9.10.1 House
9.10.2 Apartment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Residential Portable Air Conditioning Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Residential Portable Air Conditioning Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Residential Portable Air Conditioning Systems Market Size Forecast by Type
10.6.1 Portable Air Conditioner For Small Room
10.6.2 Portable Air Conditioner For Medium Room
10.6.3 Portable Air Conditioner For Large Room
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Residential Portable Air Conditioning Systems Market Size Forecast by Applications
10.10.1 House
10.10.2 Apartment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Residential Portable Air Conditioning Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential Portable Air Conditioning Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Residential Portable Air Conditioning Systems Market Size Forecast by Type
11.6.1 Portable Air Conditioner For Small Room
11.6.2 Portable Air Conditioner For Medium Room
11.6.3 Portable Air Conditioner For Large Room
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Residential Portable Air Conditioning Systems Market Size Forecast by Applications
11.10.1 House
11.10.2 Apartment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Residential Portable Air Conditioning Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential Portable Air Conditioning Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Residential Portable Air Conditioning Systems Market Size Forecast by Type
12.6.1 Portable Air Conditioner For Small Room
12.6.2 Portable Air Conditioner For Medium Room
12.6.3 Portable Air Conditioner For Large Room
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Residential Portable Air Conditioning Systems Market Size Forecast by Applications
12.10.1 House
12.10.2 Apartment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Residential Portable Air Conditioning Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential Portable Air Conditioning Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Residential Portable Air Conditioning Systems Market Size Forecast by Type
13.6.1 Portable Air Conditioner For Small Room
13.6.2 Portable Air Conditioner For Medium Room
13.6.3 Portable Air Conditioner For Large Room
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Residential Portable Air Conditioning Systems Market Size Forecast by Applications
13.10.1 House
13.10.2 Apartment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Residential Portable Air Conditioning Systems Market: Competitive Dashboard
14.2 Global Residential Portable Air Conditioning Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DeLonghi
14.3.2 JMATEK
14.3.3 Electrolux
14.3.4 LG
14.3.5 Carrier
14.3.6 Suntec
14.3.7 Midea
14.3.8 Whirlpool
14.3.9 Gree
14.3.10 Haier
14.3.11 Olimpia Splendid
14.3.12 Whynter
