Residential Portable Air Conditioning System Market Scope
As the name implies, a portable air conditioner is movable, though some work, such as installing the exhaust tube and locating a suitable power point, is required. The majority of designs will include caster wheels to increase the unit's mobility. Unlike window air conditioners or PTACs, which require fixed installation by trained technicians, portable air conditioners can be easily installed by following DIY instructions. The majority of designs will include caster wheels to increase the unit's mobility. Unlike window air conditioners or PTACs, which require fixed installation by trained technicians, portable air conditioners can be easily installed by following the DIY instructions. As of the benefits connected with portable air conditioning systems, such as cost effectiveness, convenience of installation, and mobility from one location to another, they have been gaining substantial appeal among consumers.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Indian Vendors will contribute to the maximum growth of Global Residential Portable Air Conditioning System market throughout the predicted period.
LG (South Korea), DeLonghi (Italy), Whirlpool (United States), Electrolux (Sweden), Midea (China), OlimpiaSplendid (Italy), Haier (China), Carrier (United States), Blue Star Limited (India) and Symphony (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Havells (India), Voltas (India) and NewAir (United States).
Segmentation Overview
The study have segmented the market of Global Residential Portable Air Conditioning System market by Type (Single-Hose Portable Air Conditioners and Dual-Hose Portable Air Conditioners) and Region with country level break-up.
On the basis of geography, the market of Residential Portable Air Conditioning System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rise In Adoption Of Smart Technology And Growth In The Number Of Smart Homes
Market Growth Drivers:
Increasing Middle-Class Population In Developing Countries and Demand Of High-Quality Cooling With Energy Saving Features
Challenges:
Presence Of Alternative Product At Low Price In Market and Intense Competition Among Players
Restraints:
High Production And Maintenance Costs and Lack Of Knowledge About The Smart Appliances In Rural Area
Opportunities:
Demand For Affordable Comfort Features, Increase In Standard Of Living And Rise In Disposable Income and Increased Adoption Of Automatic Home Appliances
On 21 May 2021, Midea has now expanded its product portfolio with the unveiling of a portable air-conditioner dubbed Midea CarryCool Portable Air Conditioner.The product is designed for use in the kitchen and is said to have a built-in micro compressor. This portable air conditioner has a cooling capacity of up to 750W. and On 18 February 2022, LG Has expanded its product line-up with the launch of the 2022 range of AI Dual Inverter air conditioners. Powered by AI, the air conditioners come with multiple in-built sensors and dual rotary compressor technology which offers better cooling the new 2022 lineup of the company consists of 57 split ACs and Window inverter ACs
Key Target Audience
Residential Portable Air Conditioning System Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.