HOME Top Market Reports Personal Cooling Device Market by Technology (Ambient Air Cooling), Product Type (Personal Air Conditioner/Desk Fans, and Handheld Cooling Device), and Geography - Global Forecasts to 2022

Personal Cooling Device Market by Technology (Ambient Air Cooling), Product Type (Personal Air Conditioner/Desk Fans, and Handheld Cooling Device), and Geography - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: SE 4509

 

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The global personal cooling device market was valued at USD 4.8 Million in 2015 and is expected to reach USD 6.9 Million by 2022, at a CAGR of 5.3% between 2016 and 2022. The base year considered for the study is 2015, and the forecast period has been considered between 2016 and 2022. The Asia Pacific region is estimated to hold the largest market share in 2016. The handheld cooling devices are expected to hold the leading position during the forecast period.

The objective of the study is to analyze the market segmented on the basis of ambient air technology, product type (hand-held cooling device & personal air conditioner), and region; to identify the market drivers, restrains & opportunities for stakeholders and their impact; to study the market trends; to analyze the competitive situation of the market, and to study the penetration of thermoelectric cooling (TEC) technology in personal cooling system.

This research study involves the extensive use of secondary sources, directories, and databases (such as annual reports, press releases, journals, company websites, newsletters and paid databases) to identify and collect information useful for this study. The entire procedure includes the study of the financial reports of the top market players and their products on different web portals. After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts such as CEOs, VPs, directors, marketing executives, and wholesalers, and distributors. The figure below shows the breakdown of primaries on the basis of the company type and designation conducted during research study.

Personal Cooling Device Market

To know about the assumptions considered for the study, download the pdf brochure

The global personal cooling device market includes different providers of non-handheld cooling devices such as desk fans and personal air conditioners, namely, Honeywell International (U.S.), Havells India Ltd. (India), O2Cool LLC. (U.S.), Holmes (Jarden Consumer Solution) (U.S.), and Evapolar Ltd. (Russia); handheld cooling device providers such as AMBIENT Therapeutics Inc. (U.S.), Lakeland Ltd. (U.K.), Beijing Huimao Cooling Equipment Co. Ltd. (China), Handy Cooler (Genexus LLC) (U.S.), and Design Go Ltd. (U.K.); research institutes & universities, alliances & associations of personal cooling/ thermal cooling technologies, and end users of personal cooling devices.

Key Target Audience

  • Handheld cooling fan manufacturers/suppliers
  • Personal air conditioner or desk fan manufacturers/suppliers
  • Thermoelectric cooling module manufacturers/suppliers
  • Research institutes and universities
  • Personal cooling device traders and wholesalers
  • Alliances and associations for thermoelectric cooling technology
  • Private equity firms
  • Analysts, strategic business planners, and others
  • Startup firms

Key Takeaways:

  • Analysis of the global personal cooling device market
  • Market size splits by ambient air technology, product types, and geography
  • Value chain analysis of the global personal cooling device market
  • Major trends, drivers, restraints, and opportunities for global personal cooling device market
  • Detailed competitive landscape which includes key players, market analysis, and company strategies

The Market in This Report Has Been Segmented as Follows:

By Technology:

  • Ambient Air

By Product Type:

  • Personal Air Conditioner/ Desk Fans
  • Handheld Cooling Device

By Geography:

  • Americas
  • Europe
  • Asia-Pacific
  • RoW1  

Note1: RoW includes the Middle East and Africa.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Information

  • Additional technology for personal cooling can be analyzed

Company Information

  • Detailed portfolio analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 11)
    1.1 Objectives of Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Stakeholders
    1.5 Currency & Pricing

2 Research Methodology (Page No. - 17)
    2.1 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.2 Market Breakdown and Data Triangulation
    2.3 Research Assumptions and Limitations
           2.3.1 Assumptions

3 Analyst Briefing (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Emerging Technologies
    4.2 Key Trends
    4.3 Asp Analysis and Tec Inception

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Value Chain Analysis
    5.3 Drivers and Restraints
           5.3.1 Impact Analysis of Drivers
           5.3.2 Impact Analysis of Restraints
           5.3.3 Impact Analysis of Opportunities & Challenges

6 Market By Technology (Page No. - 39)
    6.1 Market By Technology- Ambient Cooling Technology

7 Market By Product (Page No. - 41)
    7.1 Market By Product- Personal Air Conditioner
    7.2 Market By Product-Handheld Cooling Device

8 Market By Geography (Page No. - 44)
    8.1 The Americas
    8.2 Europe
    8.3 APAC
    8.4 RoW

9 Competitive Landscape (Page No. - 51)
    9.1 Overview
    9.2 Key Market Players
    9.3 Competitive Situations and Trends

10 Company Profiles (Page No. - 56)
     10.1 Ambient Therapeutics
     10.2 Beijing Huimao Cooling Equipment Ltd
     10.3 Design Go Ltd.
     10.4 Evapolar Ltd.
     10.5 Genexus LLC
     10.6 Havells India Ltd.
     10.7 Holmes Ltd.
     10.8 Honeywell International
     10.9 Laird PLC
     10.10 Lakeland Limited.
     10.11 O2cool LLC
     10.12 Shenzhen KRG Electronics Co. Ltd.
     10.13 Tellurex Corporation


List of Tables (9 Tables)

Table 1 List of Companies for Personal Cooling Device and Thermoelectric Module
Table 2 General Assumptions
Table 3 Year-Wise Forecast and Assumptions
Table 4 Asp Analysis of Personal Cooling Systems
Table 5 Major Players’ Ranking: Non-Handheld Personal Cooling Device
Table 6 Major Players’ Ranking: Handheld Personal Cooling Device
Table 7 Evapolar Ltd : Developments
Table 8 Havells India Limited: Developments
Table 9 Honeywell International Inc.: Developments


List of Figures (40 Figures)

Figure 1 Market Segmentation
Figure 2 Market Breakdown
Figure 3 Global Personal Cooling Devices Market, 2016-2022 (USD Thousand)
Figure 4 Value Chain Analysis
Figure 5 Driver, Restraints, Opportunities, and Challenges
Figure 6 Personal Cooling Device Market By Technology, 2015-2022
Figure 7 Personal Cooling Device Market By Air Conditioner/ Desk Fan, 2016-2022 (USD Thousand)
Figure 8 Personal Cooling Device Market By Handheld Cooling Fans, 2016-2022 (USD Thousand)
Figure 9 Personal Cooling Device Market: Geography Snapshot
Figure 10 Personal Cooling Device Market, By Geography, 2014-2022, (USD Thousand)
Figure 11 Personal Cooling Device Market in America, 2014-2022, (USD Thousand)
Figure 12 Personal Cooling Device Market in Europe, 2014-2022, (USD Thousand)
Figure 13 Personal Cooling Device Market in APAC, 2014-2022, (USD Thousand)
Figure 14 Personal Cooling Device Market in Rest of the World, 2014-2022, (USD Thousand)
Figure 15 Competitive Situation
Figure 16 Ambient Therapeutics Inc.: Business Overview
Figure 17 Ambient Therapeutics Inc.: Product Portfolio
Figure 18 Beijing Huimao Cooling Equipment Co., Ltd.: Business Overview
Figure 19 Beijing Huimao Cooling Equipment Co., Ltd.: Product Portfolio
Figure 20 Design Go Ltd.: Business Overview
Figure 21 Design Go Ltd.: Product Portfolio
Figure 22 Evapolar Ltd: Business Overview
Figure 23 Evapolar Ltd : Product Portfolio
Figure 24 Genexus LLC: Product Portfolio
Figure 25 Havells India Limited: Business Overview
Figure 26 Havells India Limited : Product Portfolio
Figure 27 Holmes (Jarden Consumer Solution): Business Overview
Figure 28 Holmes (Jarden Consumer Solution): Product Portfolio
Figure 29 Honeywell International Inc.: Business Overview
Figure 30 Honeywell International Inc.: Product Portfolio
Figure 31 Laird PLC.: Business Overview
Figure 32 Laird PLC.: Product Portfolio
Figure 33 Lakeland Limited: Business Overview
Figure 34 Lakeland Limited : Product Portfolio
Figure 35 O2cool, LLC.: Business Overview
Figure 36 O2cool, LLC.: Product Portfolio
Figure 37 Shenzhen KRG Electronics Co., Ltd.: Business Overview
Figure 38 Shenzhen KRG Electronics Co., Ltd.: Product Portfolio
Figure 39 Tellurex Corporation: Business Overview
Figure 40 Tellurex Corporation: Product Portfolio

The personal cooling device market is expected to reach USD 6.9 Million by 2022, at a CAGR of 5.3% during the forecast period. The major drivers for the personal cooling device market are energy efficiency, individual comfort offering, and portable & user friendly personal cooling devices. Personal cooling devices are energy efficient and less expensive which provide comfort to individuals without disturbing the ambience of other occupants in the room. In the ambient air cooling technology, the cold air is blown by the fans or mini-blower. The handheld cooling device saves more power as compared to room AC, if used for personal cooling. This benefit is fueling the demand for personal cooling devices in the current scenario.

The scope of this report covers the personal cooling device market on the basis of technology, product and geography. In the product segment, personal cooling device market has been segmented into two sub-categories, namely, personal air-conditioner and handheld cooling devices. The handheld cooling devices are expected to hold the largest market share and dominate the market during the forecast period.

The personal cooling device market has been segmented on the basis of geography into four main regions: Americas, Europe, APAC, and RoW. The market for handheld cooling device is expected to grow at the highest CAGR during the forecast period. The Asia-Pacific region comprises countries such as China, Japan, Australia, South-Korea, and India as the major contributors for this market. China is the largest producer and supplier of low-cost personal cooling devices with variety of features. This factor is making market fragmented. China and many Asian countries have a hot climate for most of the months during the year. Also, the continuous increase in global warming is fueling the temperature rise in this region. Thus, there is great opportunity for personal cooling device to increase its market presence in China and adjacent countries.

Personal Cooling Device Market

The HVAC systems are major substitutes for personal cooling devices as these systems provide both cooling and heating for personal comfort. The HVAC systems have more adoptability as compared to personal cooling device. As a result, this would restrain the personal cooling device market. The major companies in the personal cooling device market include Havells India Ltd. (India), Honeywell International (U.S.), O2Cool LLC (U.S.), Ambient Therapeutics (U.S.), Evapolar Ltd. (Russia), and others. These players adopted various strategies such as new product developments, and business expansion to cater to the needs of the market.

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