The USA & Canada portable air conditioner market is estimated to top nearly US$ 231.2 Million in 2022 and is projected to reach US$ 319.7 Million by 2032 at a CAGR of 3.3% from 2017 to 2021.
| Attributes | Details |
|---|---|
| Estimated USA & Canada Portable Air Conditioner Market Size 2022 | US$ 231.2 Million |
| Projected USA & Canada Portable Air Conditioner Market Size (2032) | US$ 319.7 Million |
| Value CAGR (2022 to 2032) | 3.3% |
| USA & Canada Portable Air Conditioner Market Top Players Share in 2021. | 20% - 25% |
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A rise in consumer income, which leads to higher living standards, has resulted in an increase in demand for portable air conditioners, resulting in the growth of the portable air conditioner market. Growth in urbanization, which leads to an increase in demand for portable Air conditioners in places such as corporate offices and hypermarkets, is another important factor driving the USA & Canada portable air conditioner market. Furthermore, consumers' growing preference for convenience and comfort is expected to upkeep demand for portable air conditioners over the forecast period.
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The USA & Canada portable air conditioner market is valued at US$ 224.7 Million in 2021 and is expected to reach US$ 319.7 Million in 2032, growing at a CAGR of 3.3% from 2022 to 2032. The market is characterized by intense competition owing to the presence of several well-established global players. Some of the key players in the market are Midea Group, LG Electronics, Black+Decker Inc., Electrolux AB, and Haier Group Corporation among others.
With constant technological advancements, consumers are eager to purchase next-generation portable air conditioners that are multi-functional and simple to use. Manufacturers of portable air conditioners are incorporating advanced technologies such as the Internet of Things and a variety of sensors to automate various machine tasks.
Leading market players are introducing portable air conditioners with advanced settings such as sleep-mode operation, quieter as consumers prefer to buy less noisy air conditioners. Consumers are increasingly interested in lightweight portable air conditioners.
Above all, the most popular trend in the portable air conditioner market is the production of smart portable air conditioners with WiFi. The majority of market players are introducing portable air conditioners that can be controlled remotely and smartly optimize the use of electricity. Furthermore, the majority of the established manufacturers in the portable air conditioner market have produced voice-controlled portable air conditioners.
These portable air conditioners are compatible with popular voice-activated systems like Amazon Alexa, Apple HomeKit, and Google Assistant. Market players are incorporating smart business strategies to attract consumers and establish a stronger position in the portable air conditioner market by manufacturing technologically advanced yet energy-efficient portable air conditioners.
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Customers are now living in a new period of sustainability, in which values, attitudes, and preferences based on sustainability are driving lifestyle choices and purchasing decisions. Customers are ‘voting with their wallets' all across the world. With sustainability gaining center stage in the mind of consumers, buyers today are increasingly inclined towards energy-efficient appliances. This trend is seen in the portable air conditioner market as well. Thus, to further gain consumer attention, portable air conditioners are increasingly being marketed as energy-efficient appliances.
North America is predicted to be one of the most attractive markets during the forecast period, according to Future Market Insights. The USA is expected to account for over 78.3% of the market share in North America through 2021.
The growing use of tiny houses is promoting the use of compact, portable air conditioners that can be installed easily in a smaller space than a standard space required for an air conditioner. The tiny-house concept, moreover, is a social and architectural trend that promotes reducing living space, reducing the energy consumption rate, and smaller and less equipment. Moreover, the demand for affordable homes for individuals who move frequently due to various purposes is further driving the demand for portable air conditioners in the USA market.
The Canada portable air conditioner market is anticipated to witness growth at a CAGR of 2.0% through 2032 owing to customers who are more focused on purchasing products that will not only offer more smart functionality but also add aesthetic appeal to suit individual tastes. In addition, manufacturers are launching new products that offer additional features like EER, which is used to measure the efficiency of the air conditioner, and UL Safety, which is another marking that the user should see on the unit to ensure that the unit is designed using UL safety requirements and automatic low voltage cut out protection, protecting batteries from over-discharge, coupled with the insertion of rugged and durable exteriors that can withstand extreme weather conditions. This is a major factor expected to drive the growth of the portable air conditioner market in Canada.
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On the basis of capacity type, the 5000-10,000 BTU segment is expected to dominate the industry and accounts for a notable share of 38.7% in 2021 in the USA & Canada portable air conditioner market. Portable air conditioners with 5000-10,000 BTUs are relatively small in size, use much less energy, and are also effective. Rising concerns about the depletion of natural energy sources are driving demand for energy-efficient electronic products that serve a purpose while not posing a significant environmental risk.
In terms of end users, the residential segment accounts for a notable share of 68.6% in 2021. As the transportation industry expands, moving an individual and their necessary goods has become much easier. Customers are more likely to spend money on a portable air conditioner that is designed according to the size of the room and can be easily packaged and transported to new locations.
In terms of sales channels, the multi-brand store's segment accounts for a notable share of 25.2% in 2021 owing to the fact that such platforms offer customers a wide range of products supplied by various manufacturers Furthermore, there are a variety of seasonal offers and discounts available to customers have fueled the growth of multi-brand stores over the years.
The presence of numerous domestic and regional players makes the portable air conditioner market highly fragmented and competitive. Key players are using a variety of marketing strategies, including mergers and acquisitions, expansions, collaborations, and partnerships. In addition, leading companies have adopted new product development as a strategic approach to increase their market presence among consumers. These strategies have resulted in an increase in the popularity of portable air conditioners.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America |
| Key Countries Covered | USA and Canada |
| Key Segments Covered | Product Type, Capacity, Price Range, End User, Sales Channel, and Country |
| Key Companies Profiled | 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) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The USA & Canada portable air conditioner market reached a valuation of US$ 224.1 Million in 2021.
The USA & Canada portable air conditioner market grew at a sluggish 2.3% CAGR between 2017 and 2021.
The increasing popularity of Energy Efficient Appliances along with the growing adoption of smart technologies are some of the key trends in the market.
Leading players operating in the USA & Canada portable air conditioner market are Midea Group, LG Electronics, Black+Decker Inc., Electrolux AB, Haier Group Corporation, and Honeywell International Inc. among others.
The USA market of portable air conditioners is projected to grow at a 3.6% CAGR over the forecast period.
The Canadian market is anticipated to expand at 2.0% CAGR over the forecast period.
1. Executive Summary | USA & Canada Portable Air Conditioner Market
1.1. USA & Canada Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Scope
3. USA & Canada Smart Home Market Overview
3.1. USA & Canada Smart Home Market Analysis, By Product Type (% of Demand)
3.1.1. Outlets & Switches
3.1.2. Lighting
3.1.3. Thermostats
3.1.4. Appliances
3.1.5. Security Systems
3.1.6. Speakers
3.1.7. Gateways
3.2. Top Companies in Smart Home Market
3.3. New Entrants in the Market
3.4. USA & Canada Smart Homes Revenue, By Country
3.5. Major Trends in Smart Home Market
3.5.1. Expanding IoT Segments-Smart Home is Becoming a Trend
3.5.2. Investment Research & Development
3.5.3. Technology Trends
4. Certifications Market
4.1. Eurovent Certification
4.2. ETL Certification
4.3. ENERGY STAR Certification
4.4. RoHS Certification
4.5. CE Certification
4.6. Energy Saving Certification- Qualification Criteria
4.6.1. Qualifying Products Using the ENERGY STAR Name and Marks
4.6.2. Other
5. Key Market Trends
5.1. Forward: New Trends in Market
5.2. Product Innovation Trends
5.3. Evolution of the Industry
5.4. Future Prospects of the Industry
6. Brand Mapping Analysis
6.1. Price v/s Product
6.2. Value for Money
6.3. Top-of-Mind Brands
6.4. Brand Portfolio-by Key Players
6.5. Brand Loyalty Mapping
7. Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Volume (Million Units) Analysis, 2017 to 2021
7.2. Current and Future Market Volume (Million Units) Projections, 2022 to 2032
7.3. Y-o-Y Growth Trend Analysis
8. Market - Pricing Analysis
8.1. Pricing Analysis By Product Type
8.2. Pricing Break-up
8.2.1. Manufacturer-Level Pricing
8.2.2. Distributor/ Retailer Level Pricing
8.3. USA & Canada Average Pricing Analysis Benchmark
9. Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
9.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
9.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
9.2.1. Y-o-Y Growth Trend Analysis
9.2.2. Absolute $ Opportunity Analysis
10. Market Background
10.1. Macro-Economic Factors
10.1.1. Internet Penetration Outlook
10.1.2. GDP Growth Outlook
10.1.3. Consumer Spending Outlook
10.1.4. Manufacturing Industry Outlook
10.1.5. Home Appliances Market Outlook
10.1.6. Urbanization Overview
10.1.7. Home Appliances Industry Contribution to GDP Outlook
10.1.8. Outbreak of Covid-19 Pandemic
10.1.9. Economic Instability
10.1.10. Growing Population and Income Level
10.1.11. Income Group Population Overview
10.2. Forecast Factors - Relevance & Impact
10.2.1. Top Companies Historical Growth
10.2.2. Consumer Goods Industry Outlook
10.2.3. Urbanization Growth Outlook
10.2.4. World Internet User Statistics
10.2.5. Number of Households Worldwide
10.2.6. Consumer Price Index
10.2.7. Number of Nuclear Families
10.3. Industry Value and Supply Chain Analysis
10.3.1. Profit Margin Analysis at each sales point
10.3.2. List & role of key participants
10.3.2.1. Manufacturers
10.3.2.2. Distributors/Retailers
10.4. PESTLE Analysis of Market
10.5. Porter’s Five Forces of the Market
10.6. SWOT Analysis of the Market
10.7. Investment Feasibility Matrix of Market
10.8. Scenario Forecast (Demand in optimistic, likely, and conservative market conditions)
10.9. Market Dynamics
10.9.1. Drivers
10.9.2. Restraints
10.9.3. Opportunity Analysis
11. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2017 to 2021
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032
11.3.1. Standard
11.3.2. Smart
11.4. Market Attractiveness Analysis By Product Type
12. Analysis of 2017 to 2021 and Forecast 2022 to 2032, by Capacity
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Million) and Volume Analysis By Capacity, 2017 to 2021
12.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Capacity, 2022 to 2032
12.3.1. 5,000-10,000 BTUs
12.3.2. 11,000-15,000 BTUs
12.3.3. 16,000-20,000 BTUs
12.3.4. 20,000 and Above BTUs
12.4. Market Attractiveness Analysis By Capacity
13. Analysis of 2017 to 2021 and Forecast 2022 to 2032, by End-User
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ Million) and Volume Analysis By End-User, 2017 to 2021
13.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-User, 2022 to 2032
13.3.1. Commercial
13.3.2. Residential
13.4. Market Attractiveness Analysis By End-User
14. Analysis of 2017 to 2021 and Forecast 2022 to 2032, by Price Range
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ Million) and Volume Analysis By Price Range, 2017 to 2021
14.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Price Range, 2022 to 2032
14.3.1. Below US$ 100
14.3.2. US$ 100-200
14.3.3. US$ 200-700
14.3.4. US$ 700 and Above
14.4. Market Attractiveness Analysis By Price Range
15. Analysis of 2017 to 2021 and Forecast 2022 to 2032, by Sales Channel
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021
15.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032
15.3.1. Wholesalers/Distributors
15.3.2. Hypermarkets/Supermarkets
15.3.3. Multi-Brand Stores
15.3.4. Specialty Stores
15.3.5. Independent Small Stores
15.3.6. Online Retailers
15.3.7. Other Sales Channels
15.4. Market Attractiveness Analysis By Sales Channel
16. Analysis of 2017 to 2021 and Forecast 2022 to 2032, by Country
16.1. Introduction
16.2. Historical Market Size (US$ Million) By Country, 2017 to 2021
16.3. Current Market Size (US$ Million) and Forecast By Country, 2022 to 2032
16.3.1. USA
16.3.2. Canada
16.4. Market Attractiveness Analysis By Country
17. Analysis of 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.3.1. By Product Type
17.3.2. By Capacity
17.3.3. By End-User
17.3.4. By Price Range
17.3.5. By Sales Channel
17.4. Market Attractiveness Analysis
17.4.1. Product Type
17.4.2. By Capacity
17.4.3. By End-User
17.4.4. By Price Range
17.4.5. By Sales Channel
17.5. Market Trends
17.6. Key Market Participants - Intensity Mapping
17.7. Drivers and Restraints - Impact Analysis
18. Analysis of 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.3. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.3.1. By Product Type
18.3.2. By Capacity
18.3.3. By End-User
18.3.4. By Price Range
18.3.5. By Sales Channel
18.4. Market Attractiveness Analysis
18.4.1. By Product Type
18.4.2. By Capacity
18.4.3. By End-User
18.4.4. By Price Range
18.4.5. By Sales Channel
18.5. Market Trends
18.6. Key Market Participants - Intensity Mapping
18.7. Drivers and Restraints - Impact Analysis
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional Foot Print of Players
19.4.2. Product Foot Print by Players
19.4.3. Channel Foot Print by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. The Whirlpool Corporation
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Profitability by Market Segments (Product/Channel/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.2. Midea Group
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Profitability by Market Segments (Product/Channel/Region)
20.3.2.4. Sales Footprint
20.3.2.5. Strategy Overview
20.3.2.5.1. Marketing Strategy
20.3.2.5.2. Product Strategy
20.3.3. LG Electronics
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Profitability by Market Segments (Product/Channel/Region)
20.3.3.4. Sales Footprint
20.3.3.5. Strategy Overview
20.3.3.5.1. Marketing Strategy
20.3.3.5.2. Product Strategy
20.3.4. Black+Decker Inc.
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Profitability by Market Segments (Product/Channel/Region)
20.3.4.4. Sales Footprint
20.3.4.5. Strategy Overview
20.3.4.5.1. Marketing Strategy
20.3.4.5.2. Product Strategy
20.3.5. WHYNTER LLC
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Profitability by Market Segments (Product/Channel/Region)
20.3.5.4. Sales Footprint
20.3.5.5. Strategy Overview
20.3.5.5.1. Marketing Strategy
20.3.5.5.2. Product Strategy
20.3.6. Frigidaire Company
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Profitability by Market Segments (Product/Channel/Region)
20.3.6.4. Sales Footprint
20.3.6.5. Strategy Overview
20.3.6.5.1. Marketing Strategy
20.3.6.5.2. Product Strategy
20.3.7. Samsung Electronics
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Profitability by Market Segments (Product/Channel/Region)
20.3.7.4. Sales Footprint
20.3.7.5. Strategy Overview
20.3.7.5.1. Marketing Strategy
20.3.7.5.2. Product Strategy
20.3.8. Haier Group Corporation
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Profitability by Market Segments (Product/Channel/Region)
20.3.8.4. Sales Footprint
20.3.8.5. Strategy Overview
20.3.8.5.1. Marketing Strategy
20.3.8.5.2. Product Strategy
20.3.9. Electrolux AB
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Profitability by Market Segments (Product/Channel/Region)
20.3.9.4. Sales Footprint
20.3.9.5. Strategy Overview
20.3.9.5.1. Marketing Strategy
20.3.9.5.2. Product Strategy
20.3.10. General Electric Company
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Profitability by Market Segments (Product/Channel/Region)
20.3.10.4. Sales Footprint
20.3.10.5. Strategy Overview
20.3.10.5.1. Marketing Strategy
20.3.10.5.2. Product Strategy
20.3.11. Honeywell International Inc.
20.3.11.1. Overview
20.3.11.2. Product Portfolio
20.3.11.3. Profitability by Market Segments (Product/Channel/Region)
20.3.11.4. Sales Footprint
20.3.11.5. Strategy Overview
20.3.11.5.1. Marketing Strategy
20.3.11.5.2. Product Strategy
20.3.12. Blue Star Limited
20.3.12.1. Overview
20.3.12.2. Product Portfolio
20.3.12.3. Profitability by Market Segments (Product/Channel/Region)
20.3.12.4. Sales Footprint
20.3.12.5. Strategy Overview
20.3.12.5.1. Marketing Strategy
20.3.12.5.2. Product Strategy
20.3.13. SereneLife Home, LLC
20.3.13.1. Overview
20.3.13.2. Product Portfolio
20.3.13.3. Profitability by Market Segments (Product/Channel/Region)
20.3.13.4. Sales Footprint
20.3.13.5. Strategy Overview
20.3.13.5.1. Marketing Strategy
20.3.13.5.2. Product Strategy
20.3.14. Havells India Ltd. (Lloyd)
20.3.14.1. Overview
20.3.14.2. Product Portfolio
20.3.14.3. Profitability by Market Segments (Product/Channel/Region)
20.3.14.4. Sales Footprint
20.3.14.5. Strategy Overview
20.3.14.5.1. Marketing Strategy
20.3.14.5.2. Product Strategy
20.3.15. AMACOOL
20.3.15.1. Overview
20.3.15.2. Product Portfolio
20.3.15.3. Profitability by Market Segments (Product/Channel/Region)
20.3.15.4. Sales Footprint
20.3.15.5. Strategy Overview
20.3.15.5.1. Marketing Strategy
20.3.15.5.2. Product Strategy
20.3.16. Others (On Request)
20.3.16.1. Overview
20.3.16.2. Product Portfolio
20.3.16.3. Profitability by Market Segments (Product/Channel/Region)
20.3.16.4. Sales Footprint
20.3.16.5. Strategy Overview
20.3.16.5.1. Marketing Strategy
20.3.16.5.2. Product Strategy
21. Assumptions and Acronyms Used
22. Research Methodology
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USA & Canada Portable Air Conditioner Market
