Portable HVAC Equipment Market
Portable HVAC Equipment Market Size, Share & Trends Analysis Report by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Departmental Stores, and Online), by Product Type (Portable Fans, Portable Heaters, and Portable Air Conditioners), and by End-User (Residential, Commercial, and Industrial) Forecast Period (2024-2031)
Portable HVAC equipment market is anticipated to grow at a CAGR of 5.1% during the forecast period (2024-2031). Portable HVAC equipment includes portable heating, ventilation, and air conditioning equipment such as a fan, heater, and air conditioner. Portable HVAC equipment is widely used in residential and commercial places owing to its several advantages such as being easy to clean, and it is easy to move from one place to another place.
Market Dynamics
Incorporation of IoT and Product Innovations
Sales of heating, ventilation, and air conditioning (HVAC) systems are rapidly increasing as the global average temperature rises. Additionally, as urbanization increases in various nations, there is a rising need for adequate heating and ventilation systems, particularly among those who live in apartment buildings. The government's requirements for replacing outdated HVAC systems and developing the construction industry are two critical drivers of HVAC system sales. The increased energy demand from HVAC systems is a factor in rising electricity rates, so the HVAC industry is trying to make their products more energy efficient and give consumers the tools they need to monitor their energy use. A smart thermostat, an Internet of Things (IoT) device that gathers valid HVAC data and customizes it to a building's specific HVAC requirements, is one way to efficiently monitor electricity usage and create a more energy-efficient HVAC system.
Higher Demand for Energy-Efficient Devices
The global HVAC equipment market is projected to grow owing to the increasing demand for energy-efficient solutions and systems. The energy-efficient HVAC systems are designed to consume less energy as compared to traditional counterparts but provide the same or improved level of performance in terms of maintaining indoor room temperature and quality of air. They make use of advanced tools, such as variable speed motors, smart controls, and high-efficiency compressors to achieve a better rate of energy savings. High-efficiency air conditioners are one of the most commonly used HVAC equipment along with heat pumps and smart thermostats. Heat pumps use integrated mechanisms to cool or heat a setting using only a single tool. These are known to achieve excellent levels of efficiency when used with geothermal technology.
Market Segmentation
Our in-depth analysis of the global portable HVAC equipment market includes the following segments by distribution channel, product type, and end-users:
- Based on distribution channel, the market is segmented into hypermarkets and supermarkets, specialty stores, departmental stores, online, and retail.
- Based on product type, the market is segmented into portable fans, portable heaters, and portable air conditioners.
- Based on end-users, the market is segmented into residential, commercial, and industrial.
Portable Fans is Projected to Emerge as the Largest Segment
Based on its widely usability & popularity among consumers portable fans are highly purchased by consumers. Easy availability of different portable fans to suit customer needs is further aiding to the growth of this market segment. The portable fans segment includes desk fans, tower fans, pedestal fans, and others. With the increasing number of corporate offices and households, consumers are inclined towards portable fans which are easy to clean and move from one place to another place which is expected to propel the portable fans demand.
Commercial Sub-segment to Hold a Considerable Market Share
Hotels, restaurants, businesses, hospitals, commercial complexes, and offices make up the commercial component of the portable HVAC equipment market. The market's leading competitors are continuously changing how the business sector must meet its requirements by updating and improving current portable HVAC equipment. As a result, numerous product introductions have recently been made, particularly for the commercial market.
Regional Outlook
The global portable HVAC equipment market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific to Exhibit the Highest CAGR
Factors such as a growing population, rising urbanization, an increasing number of product launches targeting both rural and urban markets, along with increasing dual-income families are major contributors to the regional growth. In addition to this, countries like Japan, India, and China are home to some of the largest manufacturing units across the globe and hence are in constant need of air ventilation for temperature control systems. Furthermore, the growing interest of Western companies to target the unexplored segment of Asian countries could lead to more growth.
Global Portable HVAC Equipment Market Growth by Region 2024-2031
North America Holds Major Market Share
North America holds a significant share in the portable HVAC equipment market in 2023. The demand for new and cutting-edge consumer electronics items is expected to increase due to the growing popularity of energy-efficient major household appliances as a result of the lowering energy consumption rate. The rising demand for energy-efficient devices drives the market for portable HVAC equipment in North America. The growing awareness of ENERGY STAR-certified products is augmenting the growth in the US. Furthermore, the regional market is estimated to witness substantial growth owing to the need to replace the traditional with smart connected portable HVAC equipment.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global portable HVAC equipment market include Daikin Industries Ltd., Haier Group, Johnson Controls., Carrier Corp., and Lennox International Inc., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions among others to stay competitive in the market. For instance, in January 2023, Daikin Comfort Technologies North America, Inc., took over Williams Distributing, Co, a distribution powerhouse for heating, ventilation, and air conditioning (HVAC) equipment. Through this acquisition, Daikin would be able to strengthen its position in the Great Lakes region with the help of Williams's professional team members, focused customer service, and vast locations. Moreover, this acquisition would lead to another important step on the way to making Daikin the Prime indoor comfort solutions provider in North America.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global portable HVAC equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Daikin Industries, Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Haier Group
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Johnson Controls
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Lennox International Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Portable HVAC Equipment Market by Product Type
4.1.1. Portable Fans
4.1.2. Portable Heaters
4.1.3. Portable Air Conditioners
4.2. Global Portable HVAC Equipment Market by Distribution Channel
4.2.1. Hypermarkets and Supermarkets
4.2.2. Specialty Stores
4.2.3. Departmental Stores
4.2.4. Online
4.3. Global Portable HVAC Equipment Market by End-User
4.3.1. Residential
4.3.2. Commercial
4.3.3. Industrial
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. AB Electrolux
6.2. Blue Star Ltd.
6.3. Carrier.
6.4. Crompton Greaves Consumer Electricals Limited,
6.5. Dyson
6.6. Emerson Electric Co.
6.7. Fujitsu General Ltd
6.8. Gree Electric Appliances, Inc. Of Zhuhai
6.9. Hitachi, Ltd.
6.10. Honeywell International Inc.
6.11. Hubei Donper Electromechanical Group Co., Ltd
6.12. Ingersoll Rand
6.13. LG Electronics.
6.14. Midea Group.
6.15. Mitsubishi Electric India Pvt. Ltd.
6.16. Moon Environment Technology Co., Ltd.
6.17. O2COOL LLC
6.18. Orient Electric Ltd
6.19. Panasonic Corp.
6.20. SANDEN CORP.
1. GLOBAL PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
2. GLOBAL PORTABLE HVAC EQUIPMENT VIA HYPERMARKETS AND SUPERMARKETS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL PORTABLE HVAC EQUIPMENT VIA SPECIALTY STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL PORTABLE HVAC EQUIPMENT VIA DEPARTMENTAL STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL PORTABLE HVAC EQUIPMENT VIA ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
7. GLOBAL PORTABLE FANS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL PORTABLE HEATERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL PORTABLE AIR CONDITIONERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
11. GLOBAL PORTABLE HVAC EQUIPMENT FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL PORTABLE HVAC EQUIPMENT FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL PORTABLE HVAC EQUIPMENT FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
17. NORTH AMERICAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
18. NORTH AMERICAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
19. EUROPEAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
20. EUROPEAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
21. EUROPEAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
22. EUROPEAN PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
27. REST OF THE WORLD PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
28. REST OF THE WORLD PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2023-2031 ($ MILLION)
29. REST OF THE WORLD PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2023-2031 ($ MILLION)
30. REST OF THE WORLD PORTABLE HVAC EQUIPMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
1. GLOBAL PORTABLE HVAC EQUIPMENT MARKET SHARE BY DISTRIBUTION CHANNEL, 2023 VS 2031 (%)
2. GLOBAL PORTABLE HVAC EQUIPMENT VIA HYPERMARKETS AND SUPERMARKETS MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL PORTABLE HVAC EQUIPMENT VIA SPECIALTY STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL PORTABLE HVAC EQUIPMENT VIA DEPARTMENTAL STORES MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL PORTABLE HVAC EQUIPMENT VIA ONLINE MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL PORTABLE HVAC EQUIPMENT MARKET SHARE BY PRODUCT TYPE, 2023 VS 2031 (%)
7. GLOBAL PORTABLE FANS MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL PORTABLE HEATERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL PORTABLE AIR CONDITIONERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL PORTABLE HVAC EQUIPMENT MARKET SHARE BY END-USERS, 2023 VS 2031 (%)
11. GLOBAL PORTABLE HVAC EQUIPMENT RESIDENTIAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL PORTABLE HVAC EQUIPMENT FOR COMMERCIAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL PORTABLE HVAC EQUIPMENT FOR INDUSTRIAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL PORTABLE HVAC EQUIPMENT MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
17. UK PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
29. MIDDLE EAST AND AFRICA PORTABLE HVAC EQUIPMENT MARKET SIZE, 2023-2031 ($ MILLION)
