Report ID:
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Portable air conditioners are also utilised in commercial facilities to keep the temperature of the machinery in the room at a constant level. Because of their continuous operation, most equipment, including generators, is expected to generate heat. In such cases, portable AC is essential for controlling the temperature of the room. Supermarkets/hypermarkets, residential buildings, and commercial complexes are examples of commercial structures that use portable air conditioners. Because of urbanisation, the commercial building segment is growing rapidly, which is likely to enhance the demand for portable AC throughout the projection period. The increased adoption of automation in key sectors has contributed to the emergence of smart and innovative portable air conditioners. In addition, people are preferring to have smart and advanced white goods to increase their standard of life.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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