That Size of the portable air conditioner market expected to achieve $1.1 billion in 2022likely on a sharp rise 2.9% CAGR during the assessment period. Portable air conditioner sales were around $1 billion in 2018, which is forecast to grow sluggishly at under 3% in 2019. According to a new study by Future Market Insights (FMI), more than 80% of all portable air conditioner sales are accounted for by residential end users. It has been estimated that commercial use accounts for a negligible percentage of revenue in the portable air conditioner market.
Medium-sized portable air conditioner best selling
Over 5 in 10 portable air conditioner buyers prefer medium capacity models, ie 11,000-15,000 BTU. FMI’s analysis suggests that portable air conditioners in this power range will continue to experience modest sales growth for years to come. On the other hand, low and high capacity portable air conditioners will reportedly see a low turnover rate. Compact size is cited as the key demand factor driving the sales growth of mid-capacity models in the market.
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Key Points Covered in Portable Air Conditioner Market Survey
- Market estimates and forecast 2013-2027
- Key drivers and restraints impacting the market growth
- Segment-wise, country-wise and regional analysis
- Competitive mapping and benchmarking
- Brand and market share analysis
- Key product innovations and regulatory environment
- Impact of COVID-19 on the Portable Air Conditioner and Navigation Market
- Recommendation on key winning strategies
More than 3/5th of the total sales of portable air conditioners is contributed by multi-brand stores and organized retail outlets – ie supermarkets and hypermarkets. According to the…
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