North America Portable Air Conditioner Market, By Category (Small Room, Medium Room and Large Room), Product (6,000 BTU, 8,000 BTU, 10,000 BTU, 14,000 BTU and Others), Capacity (Upto 1 Ton, 1.1 To 1.5 Ton, 1.6 To 2 Ton and Above 2 Ton), Application (Residential, Commercial, Industrial and Others), Distribution Channel (Online, Supermarkets & Hypermarkets, Specialty Stores, Departmental Stores and Others) - Industry Trends and Forecast to 2030.
North America Portable Air Conditioner Market Analysis and Size
Growing U.S.ges of portable air conditioner in industrial applications is driving the market growth. Rising advancement and innovations in the portable air conditioner is acting as a potential market driver for the market. Also, high spending on the home improvement such as interior designing, increasing the sales and profit of the players operating in the market.The major restraint impacting the North America portable air conditioner market is the high cost of product as well as high maintenance cost. Further, rising energy consumption and increasing electricity prices will also restraint the market growth.
The North America portable air conditioner market was valued at USD 14,499.88 million in 2022 and is expected to reach USD 19,540.84 million by 2030, registering a CAGR of 3.8% during the forecast period of 2023-2030. In North America, the household and personal care segment dominates the North America portable air conditioner market. This is because portable air conditionerare widely used in products like detergents, shampoos, and cosmetics for their gentle cleansing and foaming properties, driving high demand in this segment. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
North America Portable Air Conditioner Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015- 2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Category (Small Room, Medium Room and Large Room), Product (6,000 BTU, 8,000 BTU, 10,000 BTU, 14,000 BTU and Others), Capacity (Upto 1 Ton, 1.1 To 1.5 Ton, 1.6 To 2 Ton and Above 2 Ton), Application (Residential, Commercial, Industrial and Others), Distribution Channel (Online, Supermarkets & Hypermarkets, Specialty Stores, Departmental Stores and Others)
|
|
Countries Covered
|
U.S., Canada and Mexico
|
|
Market Players Covered
|
De'Longhi Appliances S.r.l. (Italy), LG Electronics (South Korea), Midea Group (China), OceanAire Inc. (U.S.), Flagro U.S., Inc. (Canada), Whynter LLC (U.S.), Honeywell International Inc. (U.S.), AB Electrolux (Sweden), BLACK+DECKER Inc. (A Subsidiary of Stanley Black & Decker, Inc.) (U.S.), Whirlpool Corporation (U.S.), Haier Inc. (China), Daikin Industries, Ltd. (Japan), United Coolair, LLC. (U.S.), Air Rover, Inc. (U.S.), and MovinCool (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Portable air conditioners are an easy-to-move, self-supporting unit that pull fresh air in, and removes heat and moisture and releases cooler air in the environment. Portable air conditioning units are suitable for cooling rooms under 500 Sq. ft. and therefore are mainly installed either in small commercial outlets or at residential units. The working of portable air conditioning units is works similarly compared to any other air conditioner. The main function is to pull in the room's air, condition it to set temperature by extracting the heat, and releasing the cooled air back into the room. It is used and beneficial for cooling various types of rooms with different category and capacity. It is used to cool hot spots for people, processes, or overheated equipment. Portable AC’s is widely used in various residential and commercial sectors.
North America Portable Air Conditioner Market Dynamics
Drivers
- Rising Temperature Trends
One key driver of the North America portable air conditioner market is the increasing global temperatures and more frequent heatwaves. As climate change continues to impact the region, consumers are seeking portable air conditioning solutions to combat extreme heat, driving demand for these products.
- Urbanization and Apartment Living
The growing trend toward urbanization and the rise in apartment living spaces contribute to the demand for portable air conditioners. In compact living environments where traditional HVAC systems may not be feasible, portable units offer a convenient and cost-effective cooling solution.
Opportunities
- Energy Efficiency and Sustainability
The emphasis on energy efficiency and environmental sustainability presents a significant opportunity for the market. Manufacturers can invest in developing eco-friendly and energy-efficient portable air conditioners to cater to the environmentally conscious consumer segment.
Restraints/Challenges
- Seasonal Demand Fluctuations
One challenge faced by the North America portable air conditioner market is the seasonality of demand. Sales tend to peak during the summer months, leading to issues with inventory management and revenue fluctuations during the off-season.
- Competition from Alternatives
The market faces competition from alternative cooling solutions such as window air conditioners, split-system units, and even smart thermostats. Manufacturers must differentiate their products and offer unique features to remain competitive in this diverse market.
This North America portable air conditioner market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America portable air conditioner market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In September 2021, The De’ Longhi Group launched, simultaneously on all markets, a global communication campaign starring Brad Pitt. The company believes that Brad Pitt is the perfect ambassador to tell the world about the spirit of the De’ Longhi brand: bold and international but at the same time sophisticated and elegant, sensitive to issues of sustainability and a lover of art and design
- In November 2021, Longtime CES exhibitor LG Electronics plans to create a new approach to engaging audiences to experience LG’s latest technology innovations at CES 2022. In January 2022, at its traditional location – the 22,000-square-foot booth at the main entrance to the Central Hall in the Las Vegas Convention Center – LG will seamlessly connect visitors from the physical space to LG’s virtual experience leveraging both virtual and augmented reality
North America Portable Air Conditioner Market Scope
North America portable air conditioner market is segmented on the basis of category, product, capacity, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Small Room
- Medium Room
- Large Room
Product
- 6,000 BTU
- 8,000 BTU
- 10,000 BTU
- 14,000 BTU
- Others
Capacity
- Upto 1 Ton
- 1.1 To 1.5 Ton
- 1.6 To 2 Ton
- Above 2 Ton
Application
- Residential
- Commercial
- Industrial
- Others
Distribution Channel
- Online
- Supermarkets & Hypermarkets
- Specialty Stores
- Departmental Stores
- Others
North AmericaPortable Air Conditioner Market Regional Analysis/Insights
The North America portable air conditioner market is analyzed and market size insights and trends are provided by category, product, capacity, application, and distribution channel as referenced above.
The countries covered in North America portable air conditioner market report are U.S., Canada and Mexico.
In North America, the North America portable air conditioner market is dominated by U.S. due to high spending on the home improvement such as interior designing. In Mexico, rising advancement and innovations in the portable air conditioner is proven to boost the demand of portable air conditioner in residential sector. Where as in Canada, growing use of portable air conditioner in industrial applications is boosting the portable air conditioner demand among end users in the country.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Portable Air Conditioner Market Share Analysis
The North America portable air conditioner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America portable air conditioner market.
Some of the major players operating in the North America portable air conditioner market are:
- De'Longhi Appliances S.r.l. (Italy)
- LG Electronics (South Korea)
- Midea Group (China)
- OceanAire Inc. (U.S.)
- Flagro U.S., Inc. (Canada)
- Whynter LLC (U.S.)
- Honeywell International Inc. (U.S.)
- AB Electrolux (Sweden)
- BLACK+DECKER Inc. (A Subsidiary of Stanley Black & Decker, Inc.) (U.S.)
- Whirlpool Corporation (U.S.)
- Haier Inc. (China)
- Daikin Industries, Ltd. (Japan)
- United Coolair, LLC. (U.S.)
- Air Rover, Inc. (U.S.)
- MovinCool (U.S.)
SKU-