Global Personal Cooling Device Market Report and Forecast 2024-2032

Global Personal Cooling Device Market Outlook

The global personal cooling device market attained a value of more than USD 7.08 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.2% to reach over USD 11.21 million by 2032.

Rising Demand for Handheld Cooling Device to Boost the Personal Cooling Device Industry

In comparison to other room conditioners, handheld cooling device are predicted to be the fastest-growing product in the global market for personal cooling device. This is because they are created in a variety of styles that allow users easy handling with good cooling impact and are simple to operate. TEC modules are connected with handheld cooling device to give instant cooling. To increase comfort and productivity, employees working in hot environments utilise handheld cooling device to reduce heat/cold stress and tiredness, thereby bolstering the market growth.

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One such portable cooling device is a personal cooling device that uses components, which  are commonly found in gas refrigerant air conditioning. The gadget is worn as a backpack with adjustable shoulder straps to accommodate a wide range of user sizes. The unique design and user-friendly structure are therefore augmenting the demand, thereby pushing the growth of the market. In addition to this, the  device is small and light, with controls for on/off and temperature, making it user friendly. Furthermore, a rechargeable battery or normal AC voltage, as well as a transformer, are used to provide cooling. The added advantage of a removable fitting is positively influencing the growth of the market.

The Asia Pacific Region to Hold a Significant Share in the Overall Growth of the Market

The Asia Pacific is projected to hold a significant share in the overall market of personal cooling device. This can be attributed to the wide utility of personal cooling agents in several countries of the region owing to the region’s hot and humid environment. Furthermore, Asia-Pacific, which is a key centre for electronic device production  with a strong market presence of leading manufacturers, is quickly becoming one of the leading providers of such cooling equipment, thereby aiding in international trade and propelling the market growth.

Personal Cooling Device: Market Segmentation

The personal cooling devices are systems, which are energy-efficient and cost-effective, which provide comfort to the user without disrupting the room's ambience.

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The major types of products of personal cooling device are:

• Personalised Air Conditioner/ Desk Fans
• Handheld Cooling Device

The market can be broadly categorised on the basis of its distribution channel into:

• Online
• Offline

The online segment is divided into e-commerce websites and company owned websites, whereas the offline segment is divided into hypermarkets/supermarkets, and speciality stores, among others.

The EMR report looks into the regional markets of personal cooling device like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Rising Applications of Personal Cooling Device to Augment the Market growth

One of the newest applications of personal air conditioning technology is the motorcycle air conditioner. The device pushes cold or hot air inside the wearable jacket, providing the rider with a comfortable environment. This has been a significant factor pushing the growth of the market. Furthermore, personal cooling devices are u tilised for cooling other types of vehicles, such as cars, for releasing the heat into the atmosphere. This level of comfort reduces weariness while riding, allowing the rider to be more alert and focused.

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In addition to this, bladeless and bladed fans are the two types of fans available. Bladeless fans are usually quieter, but they are also more expensive. The bladed solutions aren't always as effective as the ducted options, but they're less expensive and the fans can be adjusted. The robust product choices are therefore generating growth opportunities for the market growth. Moreover, the market growth can also be associated with the growing number of vehicle ownership as a result of inflating disposable incomes and innovations in product designs.

Key Industry Players in the Global Personal Cooling Device Market

The report presents a detailed analysis of the following key players in the global personal cooling device market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Honeywell International Inc.
• O2Cool
• Sunbeam Products, Inc.
• Havells India Ltd.
• Evapolar Ltd
• AMBIENT THERAPEUTICS INC.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report