It is anticipated that the portable air conditioner market in the United States and Canada will reach around US$ 231.2 million in 2022 and US$ 319.7 million by 2032, growing at a compound annual growth rate of 3.3% between 2017 and 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. Using this approach, the desired product is available to the consumer across all available channels, whether online or offline. Thus, portable air conditioners are readily available for the consumer to purchase. Many global leaders in the portable air conditioners market have adopted this approach. This way, the company reaches its customers not only in urban areas but also in rural areas, thus increasing the probability of high sales.
Factors such as easy product accessibility, convenience and ease of shopping irrespective of geographic presence help promote the online channel to purchase products like portable air conditioners which has acted as one of major 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 among others.
U.S. & Canada Portable Air Conditioner Market by Category
By Product Type, U.S. & Canada Portable Air Conditioner Market is segmented as:
- Standard Portable Air Conditioner
- Smart Portable Air Conditioner
By Capacity, U.S. & Canada Portable Air Conditioner Market is segmented as:
- 5,000-10,000 BTUs
- 11,000-15,000 BTUs
- 16,000-20,000 BTUs
- 20,000 and Above BTUs
By Price Range, U.S. & Canada Portable Air Conditioner Market is segmented as:
- Below US$ 100
- US$ 100-200
- US$ 200-700
- US$ 700 and Above
By End User, U.S. & Canada Portable Air Conditioner Market is segmented as:
- Commercial
- Residential
By Sales Channel, U.S. & Canada Portable Air Conditioner Market is segmented as:
- Wholesalers/Distributors
- Hypermarkets/Supermarkets
- Multi-Brand Stores
- Specialty Stores
- Independent Small Stores
- Online Retailers
- Other Sales Channels
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 over 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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