The personal cooling device market is expected to grow from USD 5.1 million in 2016 to USD 6.9 million by 2022, growing at a CAGR of 5.3% between 2016 and 2022 during the forecast period. 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 devices need very less amount of power for running as compared to room ACs. Thus personal cooling device or handheld device serves as a power efficient cooling system. This power savvy nature of handheld devices is dynamically fueling the demand for personal cooling devices in the current scenario. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.
Handheld cooling device is expected to be the fastest-growing product in personal cooling device market as it is designed in varieties that offer user easy handling with good cooling effect and is easy to operate as compared to other room conditioner. Handheld cooling devices are integrated with TEC modules to provide instant cooling effect. Employees working in hot temperatures use handheld cooling devices to minimize heat/ cold stress and fatigue to improve comfort and productivity.
During this research study, major players operating in the managed print services market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
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The global personal cooling device market includes manufacturers of handheld cooling device, 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.); personal air conditioners and desk fans manufacturer, such as Honeywell International (U.S.), Havells India Ltd. (India), O2Cool LLC. (U.S.), Holmes (Jarden Consumer Solution) (U.S.), and Evapolar Ltd. (Russia); research institutes & universities, alliances & associations of personal cooling/ thermal cooling technologies, and end users of personal cooling devices.
The personal cooling device market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The personal cooling device market has been segmented as follows:
Note1: RoW includes the Middle East and Africa.
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
The personal cooling device market is expected to grow from USD 5.1 million in 2016 to USD 6.9 million by 2022, growing at a CAGR of 5.3% between 2016 and 2022 during the forecast period. The rising temperature, comfortable personal cooling, device user friendliness, and energy saving technologies are the major factors driving the growth of this market.
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 devices need very less amount of power for running as compared to room ACs. Thus personal cooling device or handheld device serves as a power efficient cooling system. This power savvy nature of handheld devices is dynamically fueling the demand for personal cooling devices in the current scenario.
This report covers the personal cooling device market based on product, into air conditioner/ desk fan and handheld cooling device. Handheld cooling device is expected to be the fastest-growing product in personal cooling device market as it is designed in varieties that offer user easy handling with good cooling effect and is easy to operate as compared to other room conditioner. Handheld cooling devices are integrated with TEC modules to provide instant cooling effect. Employees working in hot temperatures use handheld cooling devices to minimize heat/ cold stress and fatigue to improve comfort and productivity.
The market for handheld cooling device in APAC is expected to grow at the highest CAGR during the forecast period. The countries such as China, Japan, Australia, South-Korea, and India in APAC region consumes more personal cooling devices as compared to other region in the world. China is the largest producer and supplier of low-cost personal cooling devices with variety of features. Owing to this personal cooling devices market is very fragmented. The hot climate of the APAC region and increase in global warming is the main reason for rise in temperature in the region. Thus, there is great opportunity for personal cooling device to increase its market presence in China and adjacent countries.
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. Battery operated personal cooling devices drain out their batteries faster. These batteries need repetitive replacement, which is an annoying process for end users while using these devices at stadium, beach, travelling, and so on. Thus, there is a limitation to the running time of the device. However, the technology advancement in battery capacity will reduce the impact of this factor over the market in future. Availability of less branded product is also one of the factors restraining the personal cooling device market growth.
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 personal cooling device market.
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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
5.3.1.1 Energy Saving Technology
5.3.1.2 Individual Comfort System
5.3.1.3 Ergonomic & User Friendly Device Design
5.3.2 Impact Analysis of Restraints
5.3.2.1 Dominant HVAC System for Room Cooling
5.3.2.2 Limited Battery Capacity
5.3.2.3 Less Branding of Products
5.3.3 Impact Analysis of Opportunities & Challenges
5.3.3.1 Application of Tec Technology for Healthcare, Personal Computers & Laptops
5.3.3.2 Application of Tec Technology in Wearable Device
5.3.3.3 Personal Cooling in Hot Industrial Environment
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 Personal Cooling Device Market: Geography Snapshot
8.2 Personal Cooling Device Market By Geography
8.3 Personal Cooling Device Market in the Americas
8.4 Personal Cooling Device Market in Europe
8.5 Personal Cooling Device Market in APAC
8.6 Personal Cooling Device Market in RoW
9 Competitive Landscape (Page No. - 51)
9.1 Introduction
2.2 Key Market Players
9.3 Competitive Situations and Trends
10 Company Profiles (Page No. - 56)
10.1 Ambient Therapeutics
10.1.1 Business Overview
10.1.2 Product Portfolio
10.1.3 MnM View
10.2 Beijing Huimao Cooling Equipment Ltd
10.2.1 Business Overview
10.2.2 Product Portfolio
10.2.3 MnM View
10.3 Design Go Ltd.
10.3.1 Business Overview
10.3.2 Product Portfolio
10.3.3 MnM View
10.4 Evapolar Ltd.
10.4.1 Business Overview
10.4.2 Product Portfolio
10.4.3 MnM View
10.5 Genexus LLC
10.5.1 Business Overview
10.5.2 Product Portfolio
10.5.3 MnM View
10.6 Havells India Ltd.
10.6.1 Business Overview
10.6.2 Product Portfolio
10.6.3 MnM View
10.7 Holmes Ltd.
10.7.1 Business Overview
10.7.2 Product Portfolio
10.7.3 MnM View
10.8 Honeywell International
10.8.1 Business Overview
10.8.2 Product Portfolio
10.8.3 MnM View
10.9 Laird PLC
10.9.1 Business Overview
10.9.2 Product Portfolio
10.9.3 MnM View
10.10 Lakeland Limited.
10.10.1 Business Overview
10.10.2 Product Portfolio
10.10.3 MnM View
10.11 O2cool LLC
10.11.1 Business Overview
10.11.2 Product Portfolio
10.11.3 MnM View
10.12 Shenzhen KRG Electronics Co. Ltd.
10.12.1 Business Overview
10.12.2 Product Portfolio
10.12.3 MnM View
10.13 Tellurex Corporation
10.13.1 Business Overview
10.13.2 Product Portfolio
10.13.3 MnM View
List of Tables (9 Tables)
Table 1.1 List of Companies for Personal Cooling Device and Thermoelectric Module
Table 2.1 General Assumptions
Table 2.2 Year-Wise Forecast and Assumptions
Table 4.1 Asp Analysis of Personal Cooling Systems
Table 9.1 Major Players’ Ranking: Non-Handheld Personal Cooling Device
Table 9.2 Major Players’ Ranking: Handheld Personal Cooling Device
Table 10.1 Evapolar Ltd : Developments
Table 10.2 Havells India Limited: Developments
Table 10.3 Honeywell International Inc.: Developments
List of Figures (40 Figures)
Figure 1.1 Market Segmentation
Figure 2.1 Market Breakdown
Figure 3.1 Global Personal Cooling Devices Market, 2016-2022 (USD Thousand)
Figure 5.1 Value Chain Analysis
Figure 5.2 Driver, Restraints, Opportunities, and Challenges
Figure 6.1 Personal Cooling Device Market By Technology, 2015-2022
Figure 7.1 Personal Cooling Device Market By Air Conditioner/ Desk Fan, 2016-2022 (USD Thousand)
Figure 7.2 Personal Cooling Device Market By Handheld Cooling Fans, 2016-2022 (USD Thousand)
Figure 8.1 Personal Cooling Device Market: Geography Snapshot
Figure 8.2 Personal Cooling Device Market, By Geography, 2014-2022, (USD Thousand)
Figure 8.3 Personal Cooling Device Market in America, 2014-2022, (USD Thousand)
Figure 8.4 Personal Cooling Device Market in Europe, 2014-2022, (USD Thousand)
Figure 8.5 Personal Cooling Device Market in APAC, 2014-2022, (USD Thousand)
Figure 8.6 Personal Cooling Device Market in Rest of the World, 2014-2022, (USD Thousand)
Figure 9.1 Competitive Situation
Figure 10.1 Ambient Therapeutics Inc.: Business Overview
Figure 10.2 Ambient Therapeutics Inc.: Product Portfolio
Figure 10.3 Beijing Huimao Cooling Equipment Co., Ltd.: Business Overview
Figure 10.4 Beijing Huimao Cooling Equipment Co., Ltd.: Product Portfolio
Figure 10.5 Design Go Ltd.: Business Overview
Figure 10.6 Design Go Ltd.: Product Portfolio
Figure 10.7 Evapolar Ltd: Business Overview
Figure 10.8 Evapolar Ltd : Product Portfolio
Figure 10.9 Genexus LLC: Product Portfolio
Figure 10.10 Havells India Limited: Business Overview
Figure 10.11 Havells India Limited : Product Portfolio
Figure 10.12 Holmes (Jarden Consumer Solution): Business Overview
Figure 10.13 Holmes (Jarden Consumer Solution): Product Portfolio
Figure 10.14 Honeywell International Inc.: Business Overview
Figure 10.15 Honeywell International Inc.: Product Portfolio
Figure 10.16 Laird PLC.: Business Overview
Figure 10.17 Laird PLC.: Product Portfolio
Figure 10.18 Lakeland Limited: Business Overview
Figure 10.19 Lakeland Limited : Product Portfolio
Figure 10.20 O2cool, LLC.: Business Overview
Figure 10.21 O2cool, LLC.: Product Portfolio
Figure 10.22 Shenzhen KRG Electronics Co., Ltd.: Business Overview
Figure 10.23 Shenzhen KRG Electronics Co., Ltd.: Product Portfolio
Figure 10.24 Tellurex Corporation: Business Overview
Figure 10.25 Tellurex Corporation: Product Portfolio
Growth opportunities and latent adjacency in Personal Cooling Device Market