Market Outlook
According to the report by Expert Market Research (EMR), the global personal cooling device market size is projected to grow at a CAGR of 5.2% between 2024 and 2032. Aided by the rising global temperatures and an increased focus on personal comfort, the market is expected to grow significantly by 2032.
Personal cooling devices, designed to offer individualised cooling solutions, have become increasingly relevant in various scenarios, ranging from outdoor activities and sports to personal comfort in heat-intensive work environments. These devices encompass a broad spectrum of products, including wearable air conditioners, cooling garments, handheld cooling devices, and personal cooling fans. Their growing popularity stems from their portability, ease of use, and the rising need for efficient, eco-friendly cooling solutions.
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Several factors are contributing to the personal cooling device market growth. The most significant of these is the increasing global temperatures due to climate change, which has heightened the demand for personal cooling solutions, especially in regions with extreme heat conditions. Furthermore, the growing health consciousness among consumers and the rising incidence of heat-related illnesses have underscored the need for such devices.
The sports and outdoor activities sector represent a substantial market segment for personal cooling devices. Athletes and outdoor enthusiasts are increasingly adopting these devices to maintain optimal body temperature and enhance performance. This trend is supported by advancements in technology that have led to the development of lightweight, efficient, and more comfortable cooling solutions.
Additionally, the personal cooling device market demand is also buoyed by technological innovations. Cutting-edge developments in battery technology, materials science, and miniaturisation have enabled the creation of more effective, durable, and user-friendly cooling devices. Innovations like wearable air conditioners, which use advanced cooling materials and energy-efficient designs, are a testament to this technological evolution.
Geographically, the Asia-Pacific region, particularly countries like India and China, accounts for a significant portion of the personal cooling device market share due to the high temperatures and increasing consumer spending power in these regions. North America and Europe also hold significant market shares, attributed to the high standard of living, increased health awareness, and the presence of key market players in these regions.
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Market Segmentation
The market can be divided based on product type, distribution channel, and region.
Market Breakup by Product Type
- Personalised Air Conditioner/ Desk Fans
- Handheld Cooling Device
Market Breakup by Distribution Channel
- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Hypermarkets/Supermarkets
- Speciality Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global personal cooling device market. Some of the major players explored in the report by Expert Market Research are as follows:
- Honeywell International Inc.
- O2Cool
- Sunbeam Products, Inc.
- Havells India Ltd.
- Evapolar Ltd.
- AMBIENT THERAPEUTICS INC.
- Others
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