According to a recent report by Future Market Insights (FMI), the U.S. & Canada portable air conditioner market is expected to surpass a valuation of US$ ~ 224.7 Mn in 2021 and at a CAGR of approximately ~3.3% through 2032.
| Attribute | Details |
| Estimated U.S. & Canada Portable Air Conditioner Market Size 2022 | US$ 231.2 Mn |
| Projected U.S. & Canada Portable Air Conditioner Market Size (2032) | US$ 319.7 Mn |
| Value CAGR (2022-2032) | ~3.3% |
| U.S. & Canada Portable Air Conditioner Market Top Players Share in 2021. | ~20-25% |
Brand owners of portable air conditioners have optimized their sales channels through omni-channel retailing. Using this approach, the desired product is available to the consumer across all available channels, whether online or offline. Thus, portable air conditioners are readily available for the consumer to purchase. Many global leaders in the portable air conditioners market have adopted this approach. This way, the company reaches its customers not only in urban areas but also in rural areas, thus increasing the probability of high sales.
Furthermore, consumers are increasingly adopting e-commerce sites to purchase electronic items including portable air conditioners, as they have the ability to offer a wide range of products with special discounts and prices. In addition, e-commerce websites also help customize the products as per the specific requirements of the customer, even if the product is not available in the market in a particular country. Leading e-commerce sites including, Walmart, Alibaba and Amazon, are offering an extensive range of products from around the world.
Factors such as easy product accessibility, convenience and ease of shopping irrespective of geographic presence help promote the online channel to purchase products like portable air conditioners which has acted as one of major driving force impacting the market.
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Key Takeaways from the U.S. & Canada Portable Air Conditioner Market Study
- The market in US is projected to witness rapid growth and register a CAGR of 3.6% over the forecast period, owing to the rapidly growing population, along with an increase in the number of retail outlets in the country.
- As per the analysis, 5000-10,000 BTU’s segment is expected to hold a noteworthy share of 38.7% in 2021. Because it is used for small and medium-sized rooms, it an economical choice for most people.
- The residential segment is expected to hold a major share of the market. Improved standard of living and rise in the adoption of smart home appliances is anticipated to favour the segmental growth.
- Companies are focusing on manufacturing products that offer special features, including smart controls by Wi-Fi.
Impact of COVID-19 on the Market
The spread of the COVID-19 pandemic had a negative impact on portable air conditioner demand in 2020 due to decreased consumer spending. Government authorities across the globe advised people to not use the air conditioner system, as it helps spreading the virus, which further restricted the product adoption. Moreover, due to the increase spread of covid-19, governments imposed stringent lockdown in countries which slowed down the overall economic conditions.
However, the market is expected to rebound in 2022 and grow steadily, aided by changing weather patterns and rising demand from commercial constructions.
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Who is winning?
The players operating in the global U.S. & Canada portable air conditioners industry have adopted various developmental strategies to expand their market share, exploit the U.S. & Canada portable air conditioner market opportunities, and increase profitability in the market. Major players present in the U.S. & Canada portable air conditioner market are The Whirlpool Corporation, Midea Group, LG Electronics, Black+Decker Inc., WHYNTER LLC, Frigidaire Company, Samsung Electronics, Haier Group Corporation, Electrolux AB, General Electric Company, Honeywell International Inc., Blue Star Limited, SereneLife Home, LLC, Havells India Ltd. (Lloyd), AMACOOL among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global U.S. & Canada portable air conditioner publishers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the U.S. & Canada portable air conditioner market based on the product type (standard portable air conditioner and smart portable air conditioner ), capacity (5,000-10,000 BTUs, 11,000-15,000 BTUs, 16,000-20,000 BTUs and 20,000 & above BTUs, price range (below us$ 100 us$ 100-200, us$ 200-700, and us$ 700 & above), end user (commercial and residential), sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, specialty stores, independent small stores, online retailers, and other sales channels ), & country (U.S. and Canada).
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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