The Portable Air Conditioner Market will reach USD 1.60 Bn by 2030. The Portable Air Conditioner Market is driven by increasing global temperatures and climate change, technological advancements, and smart features.
Portable Air Conditioner Market to Hit USD 1.60 Bn by 2030
The Portable Air Conditioner Market was USD 1.17 Bn in 2023 and is expected to expand at a CAGR of 4.6 % from 2023 to 2030, reaching USD 1.60 Bn by 2030. The need for portable air conditioners, which are simple to put up and operate during hot weather, has increased due to the increased frequency of intense heat waves and unexpected weather occurrences worldwide. Portable air conditioners are portable and don’t require permanent fittings or significant installation, they are perfect for urban people with limited space. Many units now have smart sensors, remote control software, and Wi-Fi connection, enabling customers to operate the item using voice assistants or smartphones. United States in 2021, the portable air conditioner market was dominated by the 5,000–10,000 BTU capacity category, which accounted for 38.7% of the market.
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Portable Air Conditioner Market Segmentation
By Type: In Single-hose portable air conditioners, heat is extracted from the room, cooled, and then released through the same pipe that is vented outdoors. In Dual-Hose Portable Air Conditioners, to cool the device, one hose pulls in fresh air from the outside, and the other line releases heat. Self-Evaporating Portable Air Conditioners due to added features, these units can be more expensive.
By Capacity: 5000-10000 BTUs typically covers spaces between 100 and 400 square feet. 11000-15000 BTUs covers areas of about 400 to 600 feet. 16000-20000 BTUs typically covers areas of about 600 to 800 feet. 20000 & Above BTUs covers areas of about 800 square feet or more, including larger commercial spaces or homes.
Portable Air Conditioner Market Regional Analysis
United States and Canada in a portable air conditioner was estimated to be worth USD 224.7 million in 2023. With a CAGR of around 3.3% from 2023 to 2030, projections show growth reaching USD 319.7 million by that year. The 5000-10,000 BTU capacity segment dominated the market, accounting for 38.7 % of the share in 2023. The leading companies in the US market for portable air conditioners are Panasonic, Daikin, Haier, LG Electronics, and Electrolux.
The German air conditioner market is expected to bring in USD 329.48 million in 2025. Mitsubishi Electric is a well-known maker of high-performance portable air conditioners with cutting-edge inverter technology and environmentally safe refrigerants in the German market.
The Chinese air conditioner market is expected to increase at a compound annual growth rate (CAGR) of 3.59% from its 2024 valuation of around USD 37.09 billion to USD 45.67 billion by 2030. Midea Group, Gree Electric Appliances Inc., Haier Group Corporation and Hisense Group are the major key players of the Chinese market.
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Portable Air Conditioner Market Competitive Landscape
Midea Group: Clivet, an Italian producer of HVAC systems and air conditioners, was acquired by Midea Group. Midea acquired a majority share in KUKA. Additionally, the Midea Group acquired the Israeli business Servotronix.
Gree Electric Appliances Inc.: Gree Electric Co. was acquired by Gree Electric Appliances. Another significant player in the Chinese appliance and HVAC market, Midea Group, sold its interest in Gree Electric Appliances.
Conclusion
- To stay ahead of the competition, producers will need to develop and provide value-driven, eco-friendly, and user-friendly goods as customer tastes change.
- Technological developments, a move toward environmentally friendly goods, and rising need for adaptable and effective cooling solutions are all driving the market for portable air conditioners.
