The Latin America, Middle East and Africa Portable HVAC Equipment Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
The requirement for portable HVAC equipment is also being fueled by the need for affordable housing for those who frequently relocate for a variety of reasons. The easy installation, handling, and maintenance of portable HVAC equipment, as well as their practical use, have significantly fueled the expansion of portable equipment like the air conditioners industry worldwide.
The portable equipment is a lightweight, portable appliance that anyone, from young kids to senior citizens, can handle. Additionally, unlike traditional window or split air conditioners, portable air conditioners require little maintenance and feature built-in self-cleaning technology.
Due to ongoing technological developments, consumers are eager to spend money on next-generation portable HVAC equipment that is convenient and multifunctional. Leading market competitors are introducing portable HVAC equipment with sophisticated settings like quieter, sleep-mode operation as nowadays consumers prefer to purchase less loud equipment. In addition, consumers are becoming increasingly enamored with lightweight, portable fans, dehumidifiers, and air conditioners.
The Middle East is another place where a comparable situation is present. In addition to its harsh climate, the region has made significant investments in the creation of some extraordinary projects. For example, the King Abdullah Financial District and the enlargement of Mecca's grand mosque worth more than ten billion dollars are just a few of the projects included in Saudi Arabia's infrastructure investment. All these factors, along with the growing demand for user-friendly remote control systems by industrial, residential, and commercial end users, propel the growth of portable HVAC equipment in this region.
The Brazil market dominated the LAMEA Portable HVAC Equipment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $110.2 Million by 2028.The Argentina market is experiencing a CAGR of 7.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.2% during (2022 - 2028).
Based on Product Type, the market is segmented into Portable Fans, Portable Air Conditioners and Portable Heaters. Based on End User, the market is segmented into Residential and Commercial. Based on Distribution Channel, the market is segmented into Hypermarkets / Supermarkets, Departmental Stores, Specialty Stores, Online Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Portable HVAC Equipment Market is Projected to reach USD 4.5 Billion by 2028, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics (LG Corporation), Panasonic Holdings Corporation, Carrier Global Corporation, Daikin Industries, Ltd., Emerson Electric Co., Hitachi, Ltd., AB Electrolux (Electrolux), Blue Star Limited, Haier Smart Home Co., Ltd. (Haier Group Corporation), and Dyson Limited.
By Product Type
By End User
By Distribution Channel
By Country
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