India hosts a wide range of climates, but the majority of the country could be regarded as tropical. With the impact of global climate change, extreme heat waves have become more and more frequent in the subcontinent. Temperatures passed the 50-degree Celsius mark in the northern regions of India in 2019, with seemingly no respite. The market size of air conditioners in India reached *** billion U.S. dollars in financial year 2024. And with a fairly low penetration rate, the air conditioner market was expected to grow at an increasing rate in the future. India’s energy consumption India was the world’s third-largest energy consumer as of 2024, contributed by rising incomes and improving standards of living. India’s electricity demand was expected to increase more rapidly than its overall energy demand, despite a decrease in financial year 2020 and 2021 due to the coronavirus (COVID-19) pandemic. Even with higher standards and newer technologies, by 2040, the demand for electricity generated by cooling was still projected to increase six-fold. Voltas - top player in the market The leading manufacturer of air conditioners in India was Voltas, owned by Tata Group and now a joint venture with Turkey’s household appliances manufacturer Arcelik since 2017. In the early 1990s, when the government lessened restrictions on Foreign Direct Investment, Voltas faced fierce competition from international brands like Carrier, LG, and Samsung. Since October 2020, the Indian government banned imports of ready-to-install air conditioners, providing a boost to OEMs and other leading manufacturers.

Climate change has had an unrelenting effect on India. In 2019, in the northern regions of the country, temperatures passed the 50 degrees Celsius mark. Temperatures in the Indian summer over the last decade or so have repeatedly broken heat records, and there is no sign of respite from heat waves in the foreseeable future, making air conditioning an increasingly important fixture in Indian homes. Increasing demands and market leaders Increasing demand for home appliances, along with a fairly low penetration rate, has left the Indian air conditioner market with plenty of room to grow and reached ** million units in financial year 2024. The leading manufacturer of air conditioners in India was Voltas. Since October 2020, the Indian government has banned imports of ready-to-install air conditioners, providing a boost to manufactures in India. Energy consumption in India India was expected to become the world’s third-largest energy consumer by 2030, overtaking the European Union, contributed by rising incomes and improving standards of living. However, with increasing public and private investments in the renewable energy sector, the capacity of renewable energy has been on the rise. The capacity of solar energy approaching *** thousand megawatts in 2024. As of 2024, India ranked ****** in installed renewable energy capacity worldwide.

The India HVAC market report segments the industry into Product Type (Heating Equipment (Heat Pumps, Furnaces, Boilers, and more.), Ventilation Equipment (Air Handling Units, ERVs/HRVs, Exhaust and Supply Fans, and more.), Air Conditioning Equipment (Unitary Air Conditioners, VRF Systems, Chillers, and more.)), By End-user Industry (Residential, Commercial, and more.).

Gain insights into the India AC Industry, size at USD 3 billion in 2023, featuring Market Forecasts & Outlook, industry trends, and growth opportunities.

The India air conditioners market size reached USD 3.15 Billion in 2024. The market is expected to grow at a CAGR of 7.78% between 2025 and 2034, reaching USD 6.66 Billion by 2034.

India Commercial Air Conditioner Market was valued at USD 2.68 Billion in 2024 and is expected to reach USD 5.52 Billion by 2030 with a CAGR of 12.8%.

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Market Size	2024: USD 2.68 Billion
Forecast Market Size	2030: USD 5.52 Billion
CAGR	2025-2030: 12.8%
Fastest Growing Segment	Online
Largest Market	North India
Key Players	1 Daikin Industries Ltd. 2 Hitachi, Ltd. 3 Voltas Limited 4 Blue Star Ltd. 5 Mitsubishi Electric Corporation 6 Carrier Global Corporation 7 Samsung India Electronics Private Limited 8 Haier Appliances India Pvt. Ltd 9 Havells India Limited 10 Fujitsu General Limited

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Air Conditioner Market for Transportation Size 2024-2028

The air conditioner market for transportation size is forecast to increase by USD 8.45 billion at a CAGR of 6.46% between 2023 and 2028.

The market is witnessing significant growth due to the increasing emphasis on enhancing passenger comfort and experience. One of the key trends in this market is the adoption of alternative refrigerants for air conditioning systems, such as natural refrigerants, which offer better environmental sustainability and reduced greenhouse gas emissions. However, there are challenges associated with the implementation of these refrigerants, including the difficulty in achieving a balance between energy consumption and efficiency. As the transportation sector continues to evolve, it is crucial for market participants to stay abreast of these trends and challenges to remain competitive. The market analysis report provides an in-depth examination of these factors and more, offering valuable insights for stakeholders In the transportation industry.

What will be the Size of the Air Conditioner Market for Transportation During the Forecast Period?

Request Free SampleThe market, encompassing automotive HVAC systems and other industrial applications, continues to evolve, driven by the demand for thermal comfort and safety in various sectors. The market's size is substantial, with significant growth attributed to the increasing focus on environmentally optimized products and energy-efficient systems. Portable systems and unitary segment solutions, including rooftop ACs, are popular choices for their flexibility and adaptability. Two primary segments, the inverter and non-inverter segments, dominate the market, with the inverter segment gaining traction due to its energy savings and improved performance. The commercial and residential segments are key consumers, with the former prioritizing safety and eco-friendly refrigerants, while the latter emphasizes customer experience and interior comfort.Air pollution levels and technological improvements are crucial factors shaping the market's direction. Eco-friendly refrigerants and emerging service distinctions aim to enhance client loyalty and meet evolving regulatory requirements. The HVAC markets' overall activity remains robust, with a focus on enhancing thermal comfort and reducing compressor's power consumption.

How is this Air Conditioner for Transportation Industry segmented and which is the largest segment?

The air conditioner for transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TechnologyAutomaticManualApplicationAutomotiveRailwayaerospaceGeographyAPACChinaIndiaJapanEuropeGermanyNorth AmericaUSSouth AmericaMiddle East and Africa

By Technology Insights

The automatic segment is estimated to witness significant growth during the forecast period. Air conditioning systems in passenger and commercial vehicles have become essential comfort features, enhancing the driving experience through automatic climate control. Advanced technologies, including sensors, electronic controls, and algorithms, enable these systems to regulate temperature, airflow, and humidity. Real-time monitoring of internal and external conditions allows for instant adjustments, while dual-zone and multi-zone control cater to individual passenger preferences. Climate mapping technology considers external factors like sunlight and vehicle speed for optimal air distribution. Energy-efficient systems and environmentally optimized products are crucial considerations In the market, with the Inverter and Unitary segments leading the way. The Middle East, particularly Gulf countries, have significant demand due to urbanization, climate change, and increasing consumer income levels.The Automotive HVAC market is expected to grow due to safety concerns, vehicle electrification, and the use of eco-friendly refrigerants. Major manufacturers focus on technological improvements, such as compressor design, evaporator, receiver, and condenser innovations, to meet customer expectations. Competition is intense, with emerging service distinctions and client loyalty becoming key differentiators. Rapid industrialization, air pollution levels, and increasing commuting populations drive market growth. Auto windows, wind resistance, vehicle efficiency, and fuel savings are essential factors In the market. Vehicle type, passenger car and commercial vehicle, and automobile models influence HVAC markets, with passenger car sales and global economic activities impacting the market significantly.Carbon dioxide emissions and the environment are major concerns, leading to a focus on fuel savings and energy efficiency.

Get a glance at the market report of various

The global window air conditioner market is anticipated to be worth US$ 35.49 billion in 2024, expanding at a CAGR of 5.7% between 2024 and 2034. The market is expected to develop even more and be valued at US$ 61.79 billion, offering industry participants a sizable window of opportunity for expansion. Because of growing urbanization, technological improvements, and demand for home cooling solutions, the global window air conditioner market is expanding steadily in the forthcoming decade.

Attributes	Details
Window Air Conditioner Market Value for 2024	US$ 35.49 billion
Window Air Conditioner Market Value for 2034	US$ 61.79 billion
Window Air Conditioner Market Forecast CAGR for 2024 to 2034	5.7%

Historical Performance and Future Growth of the Window Air Conditioner Market

Attributes	Details
Window Air Conditioner Market Historical CAGR for 2019 to 2023	4.3%

Category-wise Insights

Attributes	Details
Top Application	Commercial
Market share in 2024	40.5%

Attributes	Details
Top Sales Channel	Direct Sales
Market share in 2024	38.9%

Country-wise Insights

Countries	CAGR from 2024 to 2034
United States	3.1%
United Kingdom	2.1%
China	9.7%
Japan	7.4%
India	10.5%

The global air conditioners market size reached a value of nearly USD 149.51 Billion in 2024. During the forecast period of 2025-2034, the market is likely to expand at a CAGR of 6.80%, reaching a value of USD 288.66 Billion by 2034.

India Passenger Car Air Conditioners Market size Market Share and Passenger Car Air Conditioners Market analysis & Forecast 2023 By Vehicle Type (Hatchback, MUV, Sedan & CUV), By Technology , By Compressor Type , Competition Forecast & Opportunities.

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Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

Snapshot img

India HVAC Systems Market Size 2025-2029

The India HVAC systems market size is forecast to increase by USD 3.5 billion at a CAGR of 10.5% between 2024 and 2029.

The market is witnessing significant growth due to the increasing demand for temperature control solutions in various applications such as industrial facilities, warehouses, healthcare services, educational institutions, offices, airports, retail spaces, and shopping centers. The telecommunication sector is also driving the market's growth due to the need for reliable and efficient cooling systems for their data centers. Inverter HVAC systems are gaining popularity due to their energy efficiency and cost savings. 
Modern HVAC systems are being installed in constructions and retrofitted in existing ones to reduce energy consumption and greenhouse gas emissions. Smart HVAC systems with automatic temperature control are becoming increasingly preferred due to their ability to optimize energy usage and enhance indoor air quality. The need for high R&D investment to develop advanced and energy-efficient HVAC systems is also fueling market growth.

What will be the Size of the Market During the Forecast Period?

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The market is witnessing significant growth due to various factors. Energy savings and efficiency are key priorities for building owners and managers in both residential and commercial sectors. Energy regulations are increasingly stringent in India, with a focus on energy-efficient buildings and sustainable practices. The Indian government's Energy Conservation Building Code (ECBC) sets minimum energy efficiency standards for new commercial buildings, driving demand for energy-efficient HVAC systems. 
Smart HVAC technologies are gaining popularity in the Indian market. These systems use AI-based automated solutions for temperature control, optimizing energy usage, and improving indoor air quality. The telecommunication sector is a significant adopter of these technologies due to the need for reliable climate control in data centers. Internet of Things (IoT) sensors are transforming sustainable buildings by enhancing the efficiency of both residential properties and indoor and outdoor areas through advanced Internet of Things technologies.
Warehouses and industrial facilities require heating systems to maintain optimal working conditions. The market is witnessing growth in sectors such as shopping centers, industrial facilities, and warehouses. Shopping centers require advanced cooling systems to maintain comfortable temperatures and high indoor air quality. Industrial facilities and warehouses need heating systems to maintain optimal working conditions and ensure productivity. 
In conclusion, the market is growing due to increasing energy regulations, a focus on energy efficiency, and the adoption of smart HVAC technologies. The market caters to various property types, including residential, commercial, and industrial properties, and is witnessing growth in sectors such as shopping centers, industrial facilities, and warehouses. Building owners and managers are prioritizing energy savings and efficiency, driving demand for energy-efficient HVAC systems.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Non-residential
  Residential


Type

  Centralized
  Decentralized


Installation Sites

  New installation
  Retrofit


Equipment

  Heat Pump
  Furnace
  Unitary Heaters
  Boilers
  Air Purifier
  Dehumidifier
  Air Handling Units
  Ventilation Fans
  Air Conditioning
  Chillers
  Cooling Towers
  Others


Distribution Channel

  Direct Sales
  Distributors
  Online Retail


Geography

  APAC

    India

By Application Insights

The non-residential segment is estimated to witness significant growth during the forecast period. The non-residential sector, comprising commercial and industrial HVAC systems, is the leading segment in the market, projected to expand at a consistent pace during the forecast period. The expansion of this market segment is mainly attributed to the burgeoning construction sector, increasing infrastructure investments, and rising demand for commercial office spaces. The demand for office spaces in India is on an upward trajectory and is anticipated to persist throughout the forecast period. Factors fueling this trend include India's rapid urbanization and the implementation of favorable policies to boost the commercial real estate sector. In commercial HVAC, there is a growing emphasis on energy-saving products, adherence to HVAC regulations, and energy efficiency, as represented by the SEER2 rating.

Additionally, there is a growing concern for

The Indian track air conditioner market is poised for significant growth by 2029, driven by increasing disposable incomes, rising urbanization, and a growing preference for energy-efficient cooling solutions in both residential and commercial sectors. While precise figures for 2029 are unavailable, projecting from a hypothetical 2025 market size (let's assume ₹500 million for illustrative purposes, acknowledging this is an estimation), and a conservative Compound Annual Growth Rate (CAGR) of 10% (a reasonable estimate considering India's economic growth and infrastructure development), the market could reach approximately ₹800 million by 2029. This growth will be fueled by technological advancements leading to more efficient and affordable track air conditioners, as well as government initiatives promoting energy conservation. Segmentation within the market will likely see a strong preference for inverter technology and increased demand in sectors like hospitality and retail, owing to their unique features suited to these spaces. However, challenges remain. High initial investment costs for track air conditioners compared to conventional units could impede wider adoption, especially in price-sensitive segments. Furthermore, the market's growth will be influenced by factors like fluctuating energy prices and potential supply chain disruptions. Despite these constraints, the long-term outlook for the Indian track air conditioner market remains optimistic, driven by the inherent advantages of track systems in terms of space-saving design and targeted cooling. Strategic partnerships between manufacturers and installers, along with targeted marketing campaigns highlighting the benefits of track AC systems, could further boost market penetration.

Energy Saving Air Conditioner Market Outlook

The global energy-saving air conditioner market size was valued at $42.5 billion in 2023 and is projected to reach $78.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period. The increasing awareness about energy efficiency and the rising demand for environmentally friendly cooling solutions are major growth factors propelling the market forward.

One of the primary growth factors for the energy-saving air conditioner market is the rising awareness regarding energy conservation and the subsequent demand for energy-efficient appliances. Governments worldwide are encouraging the use of energy-efficient products through regulations and incentives, which is driving the adoption of energy-saving air conditioners. Alongside, consumers are becoming more conscious of their carbon footprints and are inclined towards purchasing products that contribute to lower energy consumption and reduced greenhouse gas emissions.

Technological advancements have significantly contributed to the growth of this market. The advent of inverter technology in air conditioners, which provides variable speed operation instead of the traditional on-off cycles, has revolutionized the industry. Inverter air conditioners are known to consume significantly less energy, leading to substantial cost savings on electricity bills over time. Moreover, smart air conditioners equipped with IoT capabilities allow users to control their appliances remotely, optimizing energy use and enhancing user convenience.

Urbanization and rising disposable incomes in developing countries are also key drivers of market growth. As more people move into urban areas and their purchasing power increases, the demand for modern, energy-efficient air conditioning systems is expected to rise. Moreover, the construction of new residential and commercial buildings has led to an increased need for air conditioning solutions, further bolstering market growth. This is particularly evident in rapidly developing regions such as Asia-Pacific and Latin America.

Energy Saving Solutions are becoming increasingly vital in today's world, where the need for sustainable and efficient energy use is paramount. These solutions encompass a range of technologies and practices aimed at reducing energy consumption while maintaining or enhancing the quality of life. In the context of air conditioning, energy-saving solutions involve the use of advanced technologies like inverter compressors and smart systems that optimize energy use. By integrating these solutions, consumers can significantly lower their energy bills and contribute to environmental conservation. The growing emphasis on energy saving is not only driven by cost considerations but also by a global commitment to reducing carbon emissions and promoting sustainable development.

The regional outlook for the energy-saving air conditioner market shows significant growth potential in Asia-Pacific. Countries like China, India, and Japan are experiencing rapid economic growth and urbanization, which are driving the demand for energy-efficient air conditioning systems. North America and Europe are also important markets, primarily due to the stringent energy efficiency regulations and high consumer awareness. These regions are anticipated to witness steady growth during the forecast period.

Product Type Analysis

Product type is a critical segment in the energy-saving air conditioner market, including split air conditioners, window air conditioners, portable air conditioners, and others. Split air conditioners dominate the market due to their superior energy efficiency and cooling performance. These systems are ideal for larger spaces and offer more flexibility in installation compared to window units. The increasing adoption of split air conditioners is driven by their ability to provide consistent cooling while consuming less energy.

Window air conditioners are another significant product type in the market, particularly popular in regions with smaller living spaces where installation options are limited. These units are typically more affordable and easier to install compared to split systems, making them a viable option for budget-conscious consumers. However, their market share is gradually being eroded by the rising popularity of split and portable air conditioners.

Portable air conditioner

In 2023, the India HVAC Systems Market reached a value of USD 15.69 billion, and it is projected to surge to USD 33.50 billion by 2030.

India Truck & Bus Air Conditioner Market size is estimated to grow at a CAGR of around 6.72% during the forecast period 2024-2030.

Air Conditioner Market Outlook

As of 2023, the global air conditioner market size stands at an estimated USD 145 billion, with a projected Compound Annual Growth Rate (CAGR) of 6.5% from 2024 to 2032. This growth trajectory is expected to elevate the market size to approximately USD 255 billion by 2032. The primary growth factors driving this market include increasing urbanization, rising disposable incomes, and growing awareness about climate control and energy efficiency.

The continual urbanization in many parts of the world is a significant growth factor for the air conditioner market. As more people move to urban areas, the demand for residential and commercial air conditioning systems increases. This shift is particularly evident in developing countries, where urbanization rates are high. For example, countries like India, China, and Brazil are experiencing rapid urban growth, which in turn drives the need for air conditioning solutions. The burgeoning middle class in these regions also seeks improved living standards, including better climate control in their homes and workplaces, further fueling market expansion.

Another substantial growth factor is the rise in disposable incomes globally. Higher disposable income allows consumers to invest in comfort and luxury items, including air conditioners. This trend is apparent not only in developing countries but also in developed nations where consumers are upgrading their existing air conditioning systems to more advanced and energy-efficient models. The demand for premium air conditioners with smart features, such as remote control via smartphones and integration with home automation systems, is also on the rise, contributing to market growth.

Energy efficiency and environmental consciousness are also pivotal in driving the air conditioner market. Governments and regulatory bodies worldwide are implementing stringent energy efficiency standards and promoting eco-friendly products to reduce carbon footprints. Manufacturers are responding by developing energy-efficient air conditioners with lower power consumption and minimal environmental impact. Innovations in inverter technology, which adjusts the compressor speed to match the cooling load, are gaining popularity due to their energy-saving benefits. This technological advancement not only reduces electricity bills for consumers but also aligns with global sustainability goals.

Regionally, the Asia Pacific is expected to dominate the air conditioner market, driven by rapid urbanization, increasing disposable incomes, and a hot and humid climate that necessitates cooling solutions. Other regions, such as North America and Europe, are witnessing steady growth due to the replacement of older units with more energy-efficient models and the adoption of smart home technologies. In contrast, the Middle East and Africa also present significant growth opportunities due to the harsh climate and increasing infrastructural development. Each of these regions contributes uniquely to the overall market dynamics, reflecting diverse consumer preferences and regulatory landscapes.

Product Type Analysis

The air conditioner market is segmented by product type, which includes split air conditioners, window air conditioners, portable air conditioners, packaged air conditioners, and others. Split air conditioners dominate this segment due to their efficiency, quieter operation, and aesthetic appeal. These units are particularly popular in residential and commercial applications where the condenser and evaporator are separated, reducing noise and enhancing cooling efficiency. The demand for split air conditioners is expected to continue growing, driven by consumer preferences for more advanced and efficient cooling solutions.

Window air conditioners remain a staple in certain markets due to their affordability and ease of installation. These units are ideal for smaller spaces and are often used in residential settings, particularly in regions with moderate climate conditions. Despite the growing popularity of split air conditioners, window units maintain a steady market share due to their cost-effectiveness and suitability for budget-conscious consumers.

Portable air conditioners offer flexibility and convenience, making them a popular choice among renters and those needing a temporary cooling solution. These units can be moved from room to room, providing localized cooling as needed. Technological advancements in this segment have led to improved efficiency and quieter operation, enhancing their appeal. The portable air conditioner market is e

Panel Air Conditioner Market Outlook

The global market size for panel air conditioners in 2023 is approximately USD 1.5 billion and is projected to reach around USD 3 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.8%. This robust growth can be attributed to various factors including technological advancements, rising industrialization, and increasing demand for efficient cooling solutions in various sectors. The market is witnessing a significant boost from the rising awareness around energy efficiency and the growing trend of automation in industrial applications.

One of the key growth factors driving the panel air conditioner market is the increasing demand for efficient cooling solutions in industrial settings. As industries continue to modernize and expand, the need for reliable and effective cooling systems becomes paramount. Panel air conditioners help in maintaining optimal temperatures for electrical and electronic components, thereby preventing overheating and ensuring smooth operations. This is particularly crucial in industries such as manufacturing, where machinery and equipment operate continuously, generating significant heat that needs to be managed effectively.

Another significant growth factor is the technological advancements in air conditioning units. Innovations such as smart controls, energy-efficient models, and the integration of IoT (Internet of Things) are making panel air conditioners more efficient and user-friendly. These advancements are not only enhancing the performance of these units but also reducing their operational costs, making them more attractive to businesses looking to cut expenses while maintaining high operational standards. Additionally, the development of eco-friendly refrigerants is contributing to the market growth, aligning with global environmental regulations and consumer preferences for sustainable products.

The increasing focus on energy efficiency is also boosting the panel air conditioner market. Governments and regulatory bodies across the globe are implementing stringent energy efficiency standards and offering incentives for the adoption of energy-efficient appliances. This is encouraging industries and commercial sectors to invest in modern panel air conditioning systems that comply with these regulations, providing a significant push to the market. Furthermore, the rising electricity costs are prompting businesses to seek energy-efficient solutions to minimize their operational expenditures.

Regionally, the Asia Pacific is expected to dominate the panel air conditioner market, driven by rapid industrialization, urbanization, and infrastructural developments in countries like China, India, and Japan. The presence of numerous manufacturing plants and the continuous expansion of industrial sectors in these countries are creating a high demand for efficient cooling solutions. North America and Europe are also significant markets, owing to the stringent energy efficiency regulations and the high adoption of advanced technologies in these regions. The Middle East & Africa and Latin America are witnessing moderate growth, fueled by the expanding industrial base and rising investments in infrastructural projects.

Type Analysis

The panel air conditioner market can be segmented by type into thermoelectric, vapor compression, and others. The thermoelectric segment is gaining traction due to its compact size, reliability, and ability to provide precise temperature control. These units are particularly useful in applications where space is limited and precise temperature management is crucial. The growing adoption of thermoelectric cooling units in industrial and commercial applications is driving the growth of this segment. Moreover, advancements in thermoelectric materials and technologies are further enhancing the efficiency and performance of these units, making them a preferred choice in various sectors.

Vapor compression is another significant segment in the panel air conditioner market. This traditional cooling technology is widely used due to its high efficiency and ability to provide powerful cooling. Vapor compression units are commonly employed in large industrial and commercial settings where substantial heat loads need to be managed. The continuous improvements in compressor technologies and refrigerants are contributing to the growth of this segment. Additionally, the development of energy-efficient vapor compression systems is aligning with the global emphasis on reducing energy consumption, further propelling the market growth.

The &qu

In 2022, the demand for domestic air conditioners in India amounted to approximately *** million units, the highest of the past decade. Within the observed period, demand for air conditioning increased almost steadily, with one big exception in 2020 when the figure dropped momentarily to about *** million units. However, it recovered quickly.

In India Air Conditioning Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

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The portable air-conditioner market size has the potential to grow by USD 241.99 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (residential and non-residential), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Daikin Industries Ltd., DeLonghi Group, Electrolux Group, Qingdao Haier Co. Ltd., Honeywell International Inc., LG Electronics Inc., Midea Group Co. Ltd., Olimpia Splendid Spa, United Technologies Corp., and Whirlpool Corp.

Market Overview

Market Competitive Analysis

The market is fragmented due to the presence of various regional and global players. The vendors operating in the market compete in terms of new product launches and business expansions. LG Electronics Inc., Midea Group Co. Ltd., Olimpia Splendid Spa, United Technologies Corp., and Whirlpool Corp are some of the major market participants. Although the rising awareness about environment-friendly and energy-efficient devices will offer immense growth opportunities, the increased availability of portable rental ACs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this portable air-conditioner market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this portable air-conditioner market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Daikin Industries Ltd.
• DeLonghi Group
• Electrolux Group
• Qingdao Haier Co. Ltd.
• Honeywell International Inc.
• LG Electronics, Inc.
• Midea Group Co. Ltd.
• Olimpia Splendid Spa
• United Technologies Corp.
• Whirlpool Corp

Portable Air-Conditioner Market: Segmentation by Region

APAC accounted for the largest portable air-conditioner market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing housing needs of the population, increasing number of construction activities in both residential and commercial sectors, and the emerging tourism industry will significantly influence portable air-conditioner market growth in this region.

59% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for portable air-conditioners in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Portable Air-Conditioner Market: Segmentation by End-user

Factors such as favorable economic situations and the growing emphasis of governments on investing in developing infrastructure have resulted in an increase in the number of construction activities globally. This growth in the number of construction activities is likely to create significant demand for portable ACs during the forecast period.

Market growth in this segment will be slower than the growth of the market in the non-residential segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the portable air-conditioner market size.

Portable Air-Conditioner Market: Key Drivers and Trends

The rising awareness about environment-friendly and energy-efficient devices is driving the global portable air-conditioner market. Governments across the globe are encouraging the development of innovative energy-efficient products for minimizing and controlling energy consumption. This has increased the demand for portable air-conditioner, because it