According to the report published by Allied Market Research, the global Portable HVAC Equipment market size was valued at $3.5 billion in 2021 and is expected to reach $5.5 billion by 2031, expanding at a 5% CAGR from 2022 to 2031. The report examines changing market dynamics, major segments, the value chain, the competitive scenario, and the regional landscape. This research provides valuable guidance to market leaders, investors, shareholders, and startups in developing strategies for long-term growth and gaining a competitive advantage.
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The research provides detailed segmentation of the global Portable HVAC Equipment market based on product type, end-user, distribution channel, and region. The report uses tables and figures to discuss segments and their sub-segments in depth. Market participants and investors can strategize based on the report’s top revenue-generating and fastest-growing segments.
The portable fans segment accounted for more than 60% of the global Portable HVAC Equipment market share and is expected to maintain its leadership position during the forecast period. However, the portable heaters segment is expected to grow at the fastest rate of 5.5% between 2022 and 2031.
Residential end users accounted for the largest share in 2021, accounting for more than 75% of the global Portable HVAC Equipment market and is expected to maintain its revenue lead during the forecast period. However, the commercial segment is expected to grow the fastest between 2022 and 2031.
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Based on distribution channels, the hypermarkets and supermarkets segment led the market in 2021, accounting for 31.7% of the portable HVAC equipment market share, and is expected to maintain this position throughout the forecast period. The online retail segment is expected to grow at the fastest CAGR of 5.9% during the forecast period.
In terms of region, North America held the largest share in 2021, accounting for more than 30% of the global portable HVAC equipment market, and is expected to maintain its dominance in 2031. Furthermore, the Asia-Pacific region is expected to exhibit the fastest CAGR of 6.0% during the forecast period. The study also looks at regions such as Europe and Latin America.
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Leading market players of the global Portable HVAC Equipment market analyzed in the research include LG Electronics Inc.
Blue Star Limited
AB Electrolux
Orient Electric Limited
Dyson Limited
Haier Group Corporation
Hitachi, Ltd.
Emerson Electric Co.
Carrier
Panasonic Corporation
Daikin Industries, Ltd.
Crompton Greaves Consumer Electricals Limited
Honeywell International Inc.
O2COOL, LLC
Midea Group Co., Ltd.
Key findings of the study
- The portable HVAC equipment market size was valued at $3.5 billion in 2021 and is estimated to reach $5.5 billion by 2031, growing at a CAGR of 5% from 2022 to 2031.
- Based on the product type, the portable heaters segment is projected to witness the highest CAGR of 5.5%, in revenue terms, during the forecast period.
- Based on end user, the commercial segment is expected to grow at a significant CAGR during the forecast period.
- Based on the distribution channel, the online retail segment is projected to witness the highest CAGR of 5.9%, in revenue terms, during the forecast period.
- Based on country, the U.S. was the largest country, in terms of revenue generation for the portable HVAC equipment market in 2021.
- Based on region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 6.0% from 2022 to 2031.
