Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "United States Portable Air Conditioners Market Competition, Forecast and Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
United States Portable Air Conditioner Market is witnessing robust growth owing to the rising popularity of portable air conditioners due to their easy installation and handling options. Moreover, the rising standard of living of consumers and rise in spending on household convenient products is further accelerating the demand for portable air conditioners in the country.
Increasing Trend of Tiny Homes is Driving the Market Growth
Many people now choose tiny homes since they are due to their compactness and minimized consumer spending on home maintenance due to growing residential construction costs. Tiny homes, usually under 400 square feet, stand out as a feasible solution to the housing affordability problem, the negative environmental effects of development, and the emissions produced by powering large living spaces. Global sales of tiny homes are expected to increase by USD 3.33 billion. More than 10,000 tiny dwellings are thought to exist in the US, and 700 more are expected to be constructed each year. Thus, owing to the smaller size of the house the consumers prefer using portable air conditioners instead of traditional window or split air conditioners as it hardly needs any additional installation that can be moved from one room to another.
Increase in Consumer Interest in Energy Optimization to Fuel the Market Growth
The U.S. Energy Information Administration (EIA) estimated that in 2021, the residential and commercial sectors of the U.S. consumed around 389 billion kilowatt-hours (kWh) of electricity for space cooling, equivalent to roughly 10% of the country's total power consumption. In 2021, the residential sector utilized roughly 235 billion kWh for cooling, which is equivalent to about 16% of all residential power usage and 6% of all U.S. electricity use. Additionally, the explicit guidelines that the local government implemented to cut down on energy usage. Additionally, as portable air conditioners use less electricity than stationary air conditioners, they will marginally cut energy consumption. Additionally, the conditions between energy supply and demand in all sectors will be improved by portable air conditioners, lowering the overall carbon footprint.
Unique Features are Boosting the Market Growth
The easy installation, handling, and maintenance of portable air conditioners, as well as their practical use have greatly fueled the expansion of the portable air conditioner industry worldwide. The portable air conditioner is a lightweight, portable appliance that anyone-from young children to senior citizens-can handle. Additionally, unlike traditional split or window air conditioners, portable air conditioners require little maintenance and feature built-in self-cleaning technology. The use of Bluetooth and Wi-Fi technology has also increased demand for portable air conditioners.
Report Scope:
In this report, United States Portable Air Conditioners Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
United States Portable Air Conditioners Market, By Capacity:
- 5,000-10,000 BTUs
- 10,000-14,000 BTUs
- Above 14,000 BTUs
United States Portable Air Conditioners Market, By End Use:
- Residential
- Commercial
- United States Portable Air Conditioners Market, Distribution Channel:
- Multi Branded Stores
- Supermarkets & Hypermarkets
- Online
- Exclusive Stores
- Others
United States Portable Air Conditioners Market, By Region:
- South
- West
- Midwest
- Northeast
A selection of companies mentioned in this report includes
- LG Electronics U.S.A. Inc.
- Stanley Black & Decker, Inc.
- De'Longhi S.p.A.
- Whynter LLC
- SereneLife Home, LLC
- Midea America Corp.
- Honeywell International Inc.
- Whirlpool Corporation
- Napcom, LLC (Newair)
- Olimpia Splendid USA, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/q2wixa
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
