The North America Portable HVAC Equipment Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
Smart and modernized home appliances need a wide-area distribution network in addition to advertising to raise consumer knowledge of the devices. In developing economies, there are an expanding number of large enterprises, which has made it easier to access white goods like portable heaters, fans, and air conditioners.
These establishments also contribute to an increase in the demand for household appliances. For a variety of consumer goods, supermarkets, hypermarkets, and specialized shops have shown to be excellent distribution platforms. During the forecast period, it is expected that the expanding industry in developing nations will aid in enhancing the demand for portable HVAC equipment.
The market is expanding as a result of the improvement in economic conditions. This is due to increased consumer spending on high-end household appliances as a result of rising per capita disposable income. In addition, the improvement in living standards is also forecast to increase spending power, making it possible for customers to purchase highly sophisticated and smartly designed household equipment.
The Canadian National Energy Code has recently been updated to include testing the airtightness of an entire structure. According to this rule, opaque building assemblies and fenestration must have lower maximum total thermal transmittance valves to improve the building envelope's thermal performance. The Canadian Commission on Building and Fire Codes CCBFC approved around 400 technical amendments for the 2020 editions of the National Model Codes. In order to comply with Canada's energy efficiency rules, these guidelines addressed boosting the implementation and performance standards for HVAC and service water heating equipment.
The US market dominated the North America Portable HVAC Equipment Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,087.4 Million by 2028.The Canada market is poised to grow at a CAGR of 6.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Portable HVAC Equipment Market is Predict to reach $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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