Portable Air Conditioners Market to Grow Significantly Owing to Increasing Standard of Living

December 18, 2019 (prsubmission) – Industry Probe has titled an upcoming report as “Portable Air Conditioners Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” to its ever growing database of reports. The report explicates the market for portable air conditioners via a sequence of channels that incorporate data ranging from fundamental information to an unquestionable projection. It further includes all the primary factors that are expected to undergo definite transformation within the market. The data accessible in the report therefore can be used to augment a standing of the company operating in the global portable air conditioners market. 

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According to the report from Industry Probe, rising standard of living owing to growing discretionary income and quick urbanization is anticipated to record a significant growth in the number of residential units, which in turn is set to drive the new installations of portable air conditioning units across the globe. In the commercial sector, portable air conditioners are commonly installed as a complementary solution in those determined hot rooms that exist even with the installation of a central air conditioning system. Increasing awareness about environment friendly and energy- efficient devices is driving the portable air conditioner market worldwide.

The report has segregated the global portable air conditioners market in terms of type, capacity, application, distribution channel, and region. On the basis of type, the portable air conditioner is segmented into standard and smart. Based on capacity, the market is classified into Upto 5000 BTU (upto 1.5 kW), 5001-10,000 BTU (1.5-3.0 kW), 10,001-20,000 BTU (3.0-6.0 kW), and Above 20,001 BTU (above 12 kW). In terms of application, the market is classified into residential, commercial, and industrial. Based on distribution channel, the market is divided into online distribution channels and offline distribution channels. The offline distribution channel segment is further sub-divided into hypermarkets & supermarkets, convenience stores, independent electric stores, and department stores.

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Industry Probe analysts says that the portable air conditioner market is fragmented and marked by the presence of various vendors competing based on consumer range, price, and product portfolio. Particular brands are dominating the global portable air conditioners market. Most manufacturers promote and sell their goods via e-commerce websites or their own websites, as per the report.

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