The global portable air cooler market is expected to reach USD 2.39 billion by 2030, registering a CAGR of 6.68% during the forecast period of 2022 to 2030. Portable air coolers are small, standalone devices that are used to cool a single room or area. They work by drawing in warm air, passing it over a cold coil, and then blowing the cooled air back into the room.
Key Market Drivers
- Growing demand for energy-efficient cooling solutions
- Increasing urbanization and population density
- Rising disposable incomes
- Changing weather patterns and extreme heat events
- Growing adoption of portable air coolers in commercial and residential settings
The global portable air cooler market is segmented by type, cooling capacity, end-user, distribution channel, and region.
- Evaporative air coolers
- Peltier air coolers
- Compressor air coolers
- Less than 5,000 BTUs
- 5,000 to 10,000 BTUs
- 10,000 BTUs or more
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- Retail stores
- Online retailers
- Direct-to-consumer sales
- North America
- Latin America
- Middle East and Africa
Key Market Players
- Honeywell International Inc.
- Electrolux AB
- Whirlpool Corporation
- Gree Electric Appliances Inc. of Guangdong
- Midea Group Co., Ltd.
- Guangdong Chigo-Klima Appliance Co., Ltd.
- Haier Group Corporation
- De’Longhi S.p.A.
- New Widetech Co., Ltd.
- Yamada Denki Co., Ltd.
- High cost of portable air coolers
- Limited cooling capacity
- Environmental concerns associated with refrigerants used in some portable air coolers
- Competition from other cooling solutions, such as air conditioners and fans
- Increasing demand for smart portable air coolers
- Growing popularity of portable air coolers with additional features, such as air purifiers and humidifiers
- Expansion of portable air cooler brands into new markets
- Growing use of portable air coolers in outdoor settings
- Increasing investment in research and development of new portable air cooler technologies
The global portable air cooler market is expected to continue to grow at a steady pace in the coming years, driven by the factors mentioned above. The growing demand for energy-efficient cooling solutions, increasing urbanization and population density, rising disposable incomes, changing weather patterns and extreme heat events, and growing adoption of portable air coolers in commercial and residential settings are expected to continue to drive market growth.
In addition, the increasing demand for smart portable air coolers, the growing popularity of portable air coolers with additional features, the expansion of portable air cooler brands into new markets, the growing use of portable air coolers in outdoor settings, and the increasing investment in research and development of new portable air cooler technologies are expected to create new opportunities for the market.
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