Published Date: 31-Jan-2023
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According to a new report, published by KBV research, The Global Portable HVAC Equipment Market size is expected to reach $4.5 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Portable Air Conditioners segment is showcasing a CAGR of 5.2% during (2022 - 2028). Portable air conditioners are used to maintain the temperature of machine-occupied rooms in business buildings. Due to their continuous operation, most machinery, including generators, are expected to produce heat. Portable air conditioning is essential in such situations for regulating the room's temperature. Supermarkets and hypermarkets, as well as residential and commercial complexes, are examples of commercial structures that can benefit from portable air conditioners.
The Residential segment acquired maximum revenue share in the Global Portable HVAC Equipment Market by End User in 2021 thereby, achieving a market value of $2.6 billion by 2028. The residential application of HVAC equipment includes independent homes and residential buildings. The growing residential construction industry is driving demand for HVAC equipment like coolers, heaters, and air conditioners. In addition, due to rising average disposable income, increased knowledge of energy conservation, and rising power prices, people are urged to adopt energy-efficient technologies and equipment. These factors significantly boost the expansion of the segment.
The Specialty Stores segment has shown the growth rate of 5.3% during (2022 - 2028). In contrast to shops that sell a variety of consumer goods categories, specialty stores concentrate on a small number of product categories. Different types, brands, and models of portable HVAC equipment like heaters, fans, and air conditioners are available from specialty retailers. Specialty stores allow customers to learn the most about a product, they are preferred by customers more often, supporting the segment's growth.
The North America market dominated the Global Portable HVAC Equipment Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.5 billion by 2028.The Europe market is experiencing a CAGR of 4.8% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 5.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/portable-hvac-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of LG Electronics (LG Corporation), Panasonic Holdings Corporation, Carrier Global Corporation, Daikin Industries, Ltd., Emerson Electric Co., Hitachi, Ltd., AB Electrolux (Electrolux), Blue Star Limited, Haier Smart Home Co., Ltd. (Haier Group Corporation), and Dyson Limited.
By Product Type
By End User
By Distribution Channel
Unique Offerings from KBV Research
North America Portable HVAC Equipment Market Future Scope & Opportunities 2022-2028
Europe Portable HVAC Equipment Market Size & Growth Forecast 2022-2028
Asia Pacific Portable HVAC Equipment Market Size, Share & Industry Outlook to 2028
LAMEA Portable HVAC Equipment Market Growth, Trends & Forecasts 2022-2028