Portable Air Conditioner Market to Face a Significant Slowdown in 2027, as COVID-19 Sets a Negative Tone for Investors

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Portable Air Conditioner Market Forecast Revised
in a New FMI Report as COVID-19 Projected to Hold
a Massive Impact on Sales in 2027

• May 2020

Report Id REP-GB-9001 Published On
26-Feb-2019 Category Retail and Consumer
Products
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Portable Air Conditioner Market Analysis
Portable air conditioner sales closed in on
around US 1 billion in 2018, which are envisaged
to witness a sluggish below-3 growth in 2019.
According to a new study of Future Market
Insights (FMI), more than 80 of the overall
sales of portable air conditioner is accounted by
residential end users. Commercial use has been
estimated to account for a negligible revenue
share in the portable air conditioner market.
Mid-sized Portable Air Conditioner Top
Selling Over 5 in 10 portable air conditioner
buyers are observed to prefer medium capacity
models, i.e. 11,000-15,000 BTUs. FMIs analysis
suggests that portable air conditioners within
this capacity range will continue to experience
modest growth in sales over the coming years. On
the other side, low capacity and high capacity
models of portable air conditioner will
reportedly register sluggish rate in terms of
revenue. Compact size is cited as the key demand
determinant dictating sales growth of
mid-capacity models in market. More than 3/5th
of the overall sales of portable air conditioner
is contributed by multi-brand stores, and
organized retail stores - i.e. supermarkets
hypermarkets. The revenue share of the former
will however expand at a relatively higher pace,
according to the report.
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Portable Air Conditioner Market Analysis
APEJ Strongest Consumer Base Sustaining Portable
AC Sales With a current market value share of
over 40, Asia Pacific has been providing a prime
consumer base for portable air conditioner
manufacturing brands. North America, the next key
market for penetration of portable air
conditioner, will however record a falling rate
of revenue growth in the years to come. The
report attributes APEJs lead in market to the
availability of a wide size range at economic
price point, compact size and mobility, and
consistently improving per capita spending of
Asian consumers on lifestyle and convenience
products. However, it also highlights that
relatively higher noise production and lesser
energy efficiency of portable air conditioners
over conventional counterparts will remain the
key pull factor forestalling their rapid demand
growth.
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Portable Air Conditioner Market Analysis
The report has profiled some of the leading
companies operating in the global portable air
conditioner market landscape, including LG
Electronics Inc., Panasonic Corporation,
Electrolux AB, Friedrich, Haier Group
Corporation, and The Whirlpool Corporation among
others. As indicated by FMIs study, leading
manufacturers of portable air conditioners have
been maintaining strategic focus on development
of innovative models that are competitive priced
and have innovative functional features.
Request for covid19 Impact Analysis
https//www.futuremarketinsights.com/covid19/rep-g
b-9001 Introduction of portable air
conditioner-cum-dehumidifier has been a booster
to portable AC sales in the market, recently.
Delivering higher energy efficiency with
additional features will reportedly be the key
developmental strategy trending the competitive
landscape of portable air conditioner market.
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Portable Air Conditioner Market Analysis

• Source Link https//www.globenewswire.com/news-re
  lease/2019/03/05/1748154/0/en/Portable-Air-Conditi
  oner-Market-Poised-to-Expand-at-a-Robust-Pace-Over
  -of-US-1-311-2-Mn-by-2027-Future-Market-Insights.h
  tml
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• Future Market Insights (FMI) is a leading market
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  syndicated research reports, custom research
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  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

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Portable Air Conditioner Market Analysis
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