Portable Air Cooler Market and Global Insights 2024

There are different types of portable air coolers available in the market. The demand for portable air coolers relies on the preference of customers which are based on product features, properties, and appearance. Market players are offering a variety of portable air coolers with different designs and cooling capacity which provides customers a range of options to choose from as per their needs. These factors are expected to boost the growth of the global portable air cooler market.
The global Portable Air Cooler Market is projected to register a significant growth rate of 6.1% from 2019 to 2024 to reach a market value of USD 1.65 Billion by the end of 2024. The demand for different types of portable air coolers and other air-cooling devices are offering lucrative business opportunities to the market players, encouraging product innovation.
The global portable air cooler market has been segmented based on category, end user, and distribution channel.
Based on category, the global portable air cooler market has been segmented into automatic and semi-automatic. The semi-automatic segment is expected to dominate the global portable air cooler market during the forecast period. Semi-automatic portable air coolers are affordable and easy to operate as compared to automatic ones which is expected to lead to the growth of the segment.
Based on end user, the global portable air cooler market has been segmented into residential and commercial. The residential segment is expected to dominate the global portable air cooler market and register the higher CAGR during the assessment period. Portable air coolers are widely used in by consumers in residential spaces. Tower coolers, window coolers, and room coolers are mainly designed for residential uses. Different types of portable air coolers available in the market for residential uses of customers are influencing the market for portable air cooler globally.
On the basis of distribution channel, the global portable air cooler market has been divided into store-based and non-store-based. The store-based segment has been further segmented into supermarkets and hypermarkets, specialty stores, and others. This segment is expected to dominate the global market by generating the highest revenue owing to strong distribution networks and high brand value created by the market players.
Regional Analysis
The global portable air cooler market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The Asia-Pacific portable air cooler market is expected to dominate the global portable air cooler market during the forecast period. As compared to air conditioning devices, air coolers are affordable and efficient to use by most of the customers in the region. This factor is likely to influence the regional portable air cooler market during the forecast period. Through advertising media and e-commerce platforms, market players are continuously trying to create brand awareness among customers, which is further expected to drive the growth of portable air cooler market in the region.

Comments

Post a Comment

Popular posts from this blog

Organic Cocoa Market Competitive Landscape, Latest Innovations and Research

According to the latest report published by Market Research Future (MRFR), the global market size of organic cocoa is likely to grow to USD 585 Mn by the year 585 Mn. This also indicates towards a strong growth of the market over the next couple of years. Organic cocoa-based food variants have expanded dramatically over the recent years and the trend is likely to gain further momentum in the forthcoming years. Modern consumers, especially millennials display a highly positive sentiment towards organic ingredients, which is partly supporting the growth of the market. The demand for premium grade chocolate products is on the rise, which is having a positive influence on the global sales of organic chocolate. Consumption of beverages and functional food prepared with organic ingredient is picking up steams worldwide, which in turn is prompting food brands to increase their focus on organic variants. Market Research Future (MRFR) in its report offers a detailed segmental analysis of the Gl
Read more

Juice Concentrates Market growing with Lucrative CAGR worldwide to 2024

Increasing awareness about healthy lifestyle which helps in enhancing overall health has driven growth of the juice concentrate market. Demand from the working class has increased in recent years. Juice concentrates are high in nutrition hence consumers have seen rise in demand for it. Along with all these growing demand about healthy alternative to carbonated drinks also boosting the juice concentrate market growth further. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report “Global Juice Concentrates Market Size Research Report- Forecast to 2023” that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period. Juice concentrate is a non-fermented liquid extract obtained by squeezing fresh fruits which has almost no water content. Juice concentrates are as healthy as the fresh fruits. Low-cost involvement in
Read more

Knitwear Market growing with Lucrative CAGR worldwide to 2024

The clothes manufactured through knitting wool or other fabrics are commonly known as knitwear. The major determinant fueling the growth of global knitwear market is the surging penetration of e-commerce platform in the sales of knitwear. Countries such as Russia, China, India, Brazil, and South Africa are mainly witnessing a surging demand for knitwear through online retail channel. Global Key Players: Some of the key players in the global Knitwear Market Growth are Adidas AG (Germany), Gildan Activewear Inc. (Canada), Loro Piana S.p.A. (Italy), Puma SE (Germany), Ralph Lauren Corporation (the US), The Nautical Company (UK) Ltd (UK), Victoria's Secret (the US), Maglificio Ripa S.p.a (Italy), LENZING AG (Austria), Ecowool (New Zealand), and Sana Hastakala (P) Ltd. (Nepal). The global knitwear market has been segregated, by category, into men, women, and kids. The women’s segment is expected to dominate the global knitwear market during the assessment period as a major demand of ap
Read more