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Report
United States Portable Air Conditioners Market, By Capacity (5,000-10,000 BTUs, 11,000-14,000 BTUs, Above 14,000 BTUs), By End Use (Residential, Commercial), By Distribution Channel (Multi Branded Stores, Supermarket & Hypermarket, Online, Exclusive Stores, Others (Distributors/Dealers, etc.), By Region, Competition Forecast and Opportunities, 2028F
Market Report (3 business days) I 2023-09-11 I 80 Pages I TechSci Research
United States Portable Air Conditioner Market is witnessing robust growth owing to the rising popularity of portable air conditioners due to their easy installation and handling options. Moreover, the rising standard of living of consumers and rise in spending on household convenient products is further accelerating the demand for portable air conditioners in the country.
A portable air conditioner is a type of air conditioner that is relatively simple to move. It is a freestanding device that can be installed outside a window or a power outlet. Wheels connected to the bottom of portable models make it simple for moving them around as needed. The usage of portable air conditioners for spot cooling or in compact rooms is quite practical. Many individuals are compelled to purchase one for their area, particularly for an attic, small, isolated rooms, and home offices. Moreover, they are simple to set up, transport, and store.
With a rising awareness of the need of managing interior air quality, consumers are using air conditioning, and refrigeration systems more frequently. The rising demand for small, portable air conditioners which are easy to carry around is primarily driving the portable air conditioner market expanding sales.
Additionally, the growing demand for spot cooling in home and commercial settings is propelling portable air conditioner demand.
Increasing Trend of Tiny Homes is Driving the Market Growth
Many people now choose tiny homes since they are due to their compactness and minimized consumer spending on home maintenance due to growing residential construction costs. Tiny homes, usually under 400 square feet, stand out as a feasible solution to the housing affordability problem, the negative environmental effects of development, and the emissions produced by powering large living spaces. Global sales of tiny homes are expected to increase by USD 3.33 billion. More than 10,000 tiny dwellings are thought to exist in the US, and 700 more are expected to be constructed each year. Thus, owing to the smaller size of the house the consumers prefer using portable air conditioners instead of traditional window or split air conditioners as it hardly needs any additional installation that can be moved from one room to another.
Increase in Consumer Interest in Energy Optimization to Fuel the Market Growth
The U.S. Energy Information Administration (EIA) estimated that in 2021, the residential and commercial sectors of the U.S. consumed around 389 billion kilowatt-hours (kWh) of electricity for space cooling, equivalent to roughly 10% of the country's total power consumption. In 2021, the residential sector utilized roughly 235 billion kWh for cooling, which is equivalent to about 16% of all residential power usage and 6% of all U.S. electricity use. Additionally, the explicit guidelines that the local government implemented to cut down on energy usage. Additionally, as portable air conditioners use less electricity than stationary air conditioners, they will marginally cut energy consumption. Additionally, the conditions between energy supply and demand in all sectors will be improved by portable air conditioners, lowering the overall carbon footprint.
Unique Features are Boosting the Market Growth
The easy installation, handling, and maintenance of portable air conditioners, as well as their practical use have greatly fueled the expansion of the portable air conditioner industry worldwide. The portable air conditioner is a lightweight, portable appliance that anyone-from young children to senior citizens-can handle. Additionally, unlike traditional split or window air conditioners, portable air conditioners require little maintenance and feature built-in self-cleaning technology. The use of Bluetooth and Wi-Fi technology has also increased demand for portable air conditioners.
Market Segmentation
The United States Portable Air Conditioners Market is segmented based on capacity, end use, distribution channel. Based on capacity the market is segmented into 5,000-10,000 BTUs, 11,000-14,000 BTUs, and above 14,000 BTUs. Based on end use, the market is divided into residential and commercial. In the case of distribution channel, the market is fragmented into multi branded stores, supermarkets & hypermarkets, online, exclusive stores, and others that include distributors/dealers, etc. Based on region, the market is segmented into South, Midwest, West, and Northeast.
Company Profiles
LG Electronics U.S.A. Inc., Stanley Black & Decker, Inc., De'Longhi S.p.A., Whynter LLC, SereneLife Home, LLC, Midea America Corp., Honeywell International Inc., Whirlpool Corporation, Napcom, LLC (Newair), Olimpia Splendid USA, Inc. are among the top players operating in the United States Portable Air Conditioners Market.
Report Scope:
In this report, United States Portable Air Conditioners Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- United States Portable Air Conditioners Market, By Capacity:
o 5,000-10,000 BTUs
o 10,000-14,000 BTUs
o Above 14,000 BTUs
- United States Portable Air Conditioners Market, By End Use:
o Residential
o Commercial
- United States Portable Air Conditioners Market, Distribution Channel:
o Multi Branded Stores
o Supermarkets & Hypermarkets
o Online
o Exclusive Stores
o Others
- United States Portable Air Conditioners Market, By Region:
o South
o West
o Midwest
o Northeast
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States Portable Air Conditioners Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Voice of Customer Analysis (B2C Model Analysis)
4.1. Sample Size Determination
4.2. Respondent Demographics
4.2.1. By Gender
4.2.2. By Age
4.2.3. By Occupation
4.3. Brand Awareness
4.4. Factors Influencing Purchase Decision
4.5. Brand Satisfaction
4.6. Challenges Faced Post Purchase
5. United States Portable Air Conditioners Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Capacity Market Share Analysis (5,000-10,000 BTUs, 11,000-14,000 BTUs, Above 14,000 BTUs)
5.2.2. By End Use Market Share Analysis (Residential, Commercial)
5.2.3. By Distribution Channel Market Share Analysis (Residential, Commercial)
5.2.4. By Distribution Channel (Multi Branded Stores, Supermarkets & Hypermarkets, Online, Exclusive Stores, Others)
5.2.5. By Regional Market Share Analysis
5.2.5.1. South Region Market Share Analysis
5.2.5.2. Midwest Region Market Share Analysis
5.2.5.3. Northeast Region Market Share Analysis
5.2.5.4. West Region Market Share Analysis
5.2.6. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. United States Portable Air Conditioners Market Mapping & Opportunity Assessment
5.3.1. By Capacity Market Mapping & Opportunity Assessment
5.3.2. By End Use Market Mapping & Opportunity Assessment
5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.4. By Regional Market Mapping & Opportunity Assessment
6. South United States Portable Air Conditioners Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Capacity Market Share Analysis
6.2.2. By End Use Market Share Analysis
6.2.3. By Distribution Channel Market Share Analysis
7. Midwest United States Portable Air Conditioners Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Capacity Market Share Analysis
7.2.2. By End Use Market Share Analysis
7.2.3. By Distribution Channel Market Share Analysis
8. Northeast United States Portable Air Conditioners Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Capacity Market Share Analysis
8.2.2. By End Use Market Share Analysis
8.2.3. By Distribution Channel Market Share Analysis
9. West United States Portable Air Conditioners Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Capacity Market Share Analysis
9.2.2. By End Use Market Share Analysis
9.2.3. By Distribution Channel Market Share Analysis
10. Market Dynamics
10.1. Drivers
10.1.1. Increasing consumer interest in energy optimization
10.1.2. Unique features
10.1.3. Rising demand for convenient household products
10.2. Challenges
10.2.1. Excessive noise
10.2.2. Less popularity
11. Impact of COVID-19 on United States Portable Air Conditioners Market
11.1.1. Impact Assessment Model
11.1.2. Key Segments Impacted
11.1.3. Key Regions Impacted
12. Market Trends & Developments
12.1. Rising demand through online channels
12.2. Increasing trend for tiny homes
12.3. High demand from residential sector
12.4. Growing popularity of smart portable air conditioners
13. SWOT Analysis
13.1. Strength
13.2. Weakness
13.3. Opportunities
13.4. Threats
14. Porter's Five Forces Model
14.1. Competitive Rivalry
14.2. Bargaining Power of Suppliers
14.3. Bargaining Power of Buyers
14.4. Threat of New Entrants
14.5. Threat of Substitutes
15. Competitive Landscape
15.1. Company Profiles
15.1.1. LG Electronics U.S.A. Inc.
15.1.1.1. Company Details
15.1.1.2. Products & Services
15.1.1.3. Financial (As Per Availability)
15.1.1.4. Key Market Focus & Geographical Presence
15.1.1.5. Recent Development
15.1.1.6. Key Management Personnel
15.1.2. Stanley Black & Decker, Inc.
15.1.2.1. Company Details
15.1.2.2. Products & Services
15.1.2.3. Financial (As Per Availability)
15.1.2.4. Key Market Focus & Geographical Presence
15.1.2.5. Recent Development
15.1.2.6. Key Management Personnel
15.1.3. De'Longhi S.p.A.
15.1.3.1. Company Details
15.1.3.2. Products & Services
15.1.3.3. Financial (As Per Availability)
15.1.3.4. Key Market Focus & Geographical Presence
15.1.3.5. Recent Development
15.1.3.6. Key Management Personnel
15.1.4. Whynter LLC
15.1.4.1. Company Details
15.1.4.2. Products & Services
15.1.4.3. Financial (As Per Availability)
15.1.4.4. Key Market Focus & Geographical Presence
15.1.4.5. Recent Development
15.1.4.6. Key Management Personnel
15.1.5. SereneLife Home, LLC
15.1.5.1. Company Details
15.1.5.2. Products & Services
15.1.5.3. Financial (As Per Availability)
15.1.5.4. Key Market Focus & Geographical Presence
15.1.5.5. Recent Development
15.1.5.6. Key Management Personnel
15.1.6. Midea America Corp.
15.1.6.1. Company Details
15.1.6.2. Products & Services
15.1.6.3. Financial (As Per Availability)
15.1.6.4. Key Market Focus & Geographical Presence
15.1.6.5. Recent Development
15.1.6.6. Key Management Personnel
15.1.7. Honeywell International Inc.
15.1.7.1. Company Details
15.1.7.2. Products & Services
15.1.7.3. Financial (As Per Availability)
15.1.7.4. Key Market Focus & Geographical Presence
15.1.7.5. Recent Development
15.1.7.6. Key Management Personnel
15.1.8. Whirlpool Corporation
15.1.8.1. Company Details
15.1.8.2. Products & Services
15.1.8.3. Financial (As Per Availability)
15.1.8.4. Key Market Focus & Geographical Presence
15.1.8.5. Recent Development
15.1.8.6. Key Management Personnel
15.1.9. Napcom, LLC (Newair)
15.1.9.1. Company Details
15.1.9.2. Products & Services
15.1.9.3. Financial (As Per Availability)
15.1.9.4. Key Market Focus & Geographical Presence
15.1.9.5. Recent Development
15.1.9.6. Key Management Personnel
15.1.10. Olimpia Splendid USA, Inc.
15.1.10.1. Company Details
15.1.10.2. Products & Services
15.1.10.3. Financial (As Per Availability)
15.1.10.4. Key Market Focus & Geographical Presence
15.1.10.5. Recent Development
15.1.10.6. Key Management Personnel
16. Strategic Recommendations/Action Plan
16.1. Key Focus Areas
16.2. Target Regions
16.3. Target End Use
17. About Us & Disclaimer
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