The portable air conditioner market in the USA and Canada is estimated to surpass nearly US$ 231.2 million in 2022, with projections indicating it will reach US$ 319.7 million by 2032, marking a compound annual growth rate (CAGR) of 3.3% from 2017 to 2021.
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.
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Brand owners of portable air conditioners have optimized their sales channels through omni-channel retailing, ensuring the availability of their products across all channels, whether online or offline. This strategy enables consumers to easily purchase portable air conditioners, as they are readily accessible through various retail outlets. Many leading global players in the portable air conditioner market have embraced this approach, enabling them to reach customers not only in urban areas but also in rural regions, thereby increasing the likelihood of higher sales.
Factors such as easy product accessibility, convenience, and the ability to shop regardless of geographic location have propelled the online channel’s prominence in purchasing products like portable air conditioners, acting as a significant driving force impacting the market.
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.
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“Rising inclination of consumers toward energy-efficient systems and the growing popularity of portable systems are expected to positively impact the portable air conditioner market growth.” says an FMI analyst.
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
- Other Players (As Per Request)
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U.S. & Canada Portable Air Conditioner Market by Category
By Product Type
- Standard Portable Air Conditioner
- Smart Portable Air Conditioner
By Capacity
- 5,000-10,000 BTUs
- 11,000-15,000 BTUs
- 16,000-20,000 BTUs
- 20,000 and Above BTUs
By Price Range
- Below US$ 100
- US$ 100-200
- US$ 200-700
- US$ 700 and Above
By End User
- Commercial
- Residential
By Sales Channel
- Wholesalers/Distributors
- Hypermarkets/Supermarkets
- Multi-Brand Stores
- Specialty Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channels
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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