Portable Air Cooler Market Overview 2019 By Manufactures, Product scope and Tren
Posted by Pradeep Zende on October 25th, 2019
The Global Portable Air Cooler Market Size is projected to register a significant growth rate of 6.1% from 2019 to 2024 to reach a market value of USD 1.65 Billion by the end of 2024. The demand for different types of portable air coolers and other air-cooling devices are offering lucrative business opportunities to the market players, encouraging product innovation. There are different types of portable air coolers available in the market. The demand for portable air coolers relies on the preference of customers which are based on product features, properties, and appearance. Market players are offering a variety of portable air coolers with different designs and cooling capacity which provides customers a range of options to choose from as per their needs. These factors are expected to boost the growth of the global portable air cooler market.
The global portable air cooler market has been segmented on the basis of category, end user, and distribution channel.
Based on category, the global portable air cooler market has been segmented into automatic and semi-automatic.
Based on end user, the global portable air cooler market has been segmented into residential and commercial.
On the basis of distribution channel, the global portable air cooler market has been divided into store-based and non-store-based.
October 2018: Carrier Corporation opened a new technology development center, in Haryana, India. The new energy-efficient facility features a state-of-the-art laboratory and testing facility to aid the development of Carrier’s heating, ventilating and air conditioning (HVAC) products and serving as an engineering hub in the region.
The Asia-Pacific portable air cooler market is expected to dominate the global portable air cooler market during the forecast period. As compared to air conditioning devices, air coolers are affordable and efficient to use by most of the customers in the region. This factor is likely to influence the regional portable air cooler market during the forecast period. Through advertising media and e-commerce platforms, market players are continuously trying to create brand awareness among customers, which is further expected to drive the growth of portable air cooler market in the region.
The portable air cooler market in RoW is projected to grow at the fastest rate from 2019 to 2024. Due to the hot and dry climate, there is a high demand for air cooling systems in this region, which is expecting to boost the regional growth of portable air cooler during the forecast period. Product innovation by market players with a focus on air coolers with remote control system and continuous growth in retail sector is further boosting the regional market growth.
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Some of the key players in the global portable air cooler market are LG Electronics Inc. (South Korea), Olimpia Splendid S.p.A. (Italy), Electrolux AB (Sweden), Havells India Ltd. (India), De'Longhi S.p.A (Italy), Carrier Corporation (US), Honeywell International Inc. (US), The Whirlpool Corporation (US), Symphony Limited. (India), NewAir (US), Bajaj Electricals Ltd (India), Usha International Ltd (India), WHYNTER LLC (Canada), Panasonic Corporation (Japan), Orient Electric (India).
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About the AuthorPradeep Zende
Joined: February 12th, 2019
Articles Posted: 396
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