Portable Air Conditioner Market worth $ 956.49 Million, Globally, by 2028 at 4.30 % CAGR: Verified Market Research™
A rise in disposable income, which gives way to improved standards of living, has resulted in an upswing in the demand for portable air conditioners, the consequence of which is the growth of the Portable Air Conditioner Market. Also, growth in urbanization, which leads to an increasing demand of portable Air Conditioners in places like corporate houses and hypermarkets is also an important reason for the growth of the Global Portable Air Conditioner Market.
Jersey City, New Jersey, May 10, 2021 (GLOBE NEWSWIRE) Verified Market Research recently published a report, “
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Portable Air Conditioner Market to Garner $945.4 Mn, Globally, by 2027 at 4.5% CAGR: AMR
PORTLAND, Ore., April 19, 2021 /PRNewswire/ Allied Market Research recently published a report, titled, Portable Air Conditioner Market by Type (Small Room, Medium Room and Large Room), End User (Residential and Commercial), and Distribution Channel (Supermarket & Hypermarket, Specialty Store, Department Store, E-commerce and Others): Global Opportunity Analysis and Industry Forecast 2021-2027 . As per the report, the global portable air conditioner industry was pegged at $613.6 million in 2019, and is estimated to reach $945.4 million by 2027, registering a CAGR of 4.5% from 2021 to 2027.
Drivers, restraints, and opportunities
Increase in industrial applications, rise in urbanization and popularity of smart and Wi-Fi-enabled portable air conditioners, and advent of HCFC alternatives drive the growth of the global portable air conditioner market. However, rise in energy consumption and
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