Personal Cooling Device Market

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

Report Code: SE 4509 Aug, 2016, by marketsandmarkets.com

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.

Market Dynamics

Drivers

  • Energy Saving Technology
  • Individual Comfort System
  • Portable & User Friendly
  • Ergonomically appealing Designs

Restraints

  • Dominant HVAC system for room cooling
  • Limited Battery Capacity
  • Less Branding of Products

Opportunities

  • Application of TEC Technology for Healthcare, Personal Computers & Laptops
  • Application of TEC Technology in Wearable Device

Challenges

  • Personal Cooling in Hot Industrial Environment

Handheld cooling devices are expected to drive the global personal cooling device market

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.

Personal Cooling Device Market

The prime objectives of this report can be summarized in the following points.

  • The report identifies market opportunities for stakeholders in the eco-system of personal cooling system.
  • The report includes information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges), along with the detailed value chain.
  • In addition, the key players are strategically profiled, and their market rank and core competencies are comprehensively analyzed, along with detailing the competitive landscape for market players and describing the new product launches, acquisitions, partnerships, expansions, agreements, contracts, alliances, and collaboration in the market.
  • The report also includes the study of penetration of thermoelectric cooling (TEC) technology in personal cooling system. TEC module is used to attain instant personal cooling effect. Handheld devices integrated with TEC modules are useful for providing cooling effect to patients suffering from hot flashes, migraine symptoms, insect bites and sports injuries.

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.

Personal Cooling Device Market

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

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.

Major Market Developments

  • In May 2015, Honeywell introduced new products in QuietSet® and Turbo® product line: Turbo® on the Go! and QuietSet® Slim Mini Tower Table Fan respectively. Turbo® on the Go! is portable folding fan that can be USB and battery operated. This fan can be used in office, gym, on beach, or during camping, backyard barbeques and picnics.
  • In September 2015, Evapolar Ltd developed a world`s first personal air conditioner "Evapolar" that offers 3 in1 functionality of cooling, humidifying, and air purifying. The device is completely eco-friendly and is 12 times more energy efficient that current air conditioners. Based on patented nano-technology this device is unique and easy to use.
  • In February 2016, Havells India Limited expanded geographically through its retail showroom 'Havells Galaxy'. The new office offered the customers the complete electrical solution. The wide range of solution offered comprise Industrial  Switchgears,  Cables,  Fans,  CFLs,  Lighting Fixtures, Electrical water heaters, Crabtree switches and Domestic Appliances, etc. This expansion also generated an opportunity for the growth of personal fan and personal coolers.

Key Target Audience

  • Personal air conditioner or desk fan manufacturers/suppliers
  • Thermoelectric cooling module manufacturers/suppliers
  • Handheld cooling fan 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

Scope of the Report

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:

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.

Critical questions which the report answers

  • What are new technologies which the personal cooling device providers are exploring?
  • Which are the key players in the market and how intense is the competition?

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

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.

Personal Cooling Device Market

Application of personal cooling device in emerging applications such as motorcycle air conditioner drive the growth of personal cooling device market

Motorcycle air conditioner is one of the emerging application of personal air conditioning technology. The system blows cold or hot air inside the wearable jacket, thus provides a comfortable environment to the rider. Moreover many people use personal cooling fans in their vehicle to get comfort from environmental heat. Such comfort minimizes fatigue while riding, resulting in improved alertness and concentration of the rider.

Critical questions the report answers:

  • What are the key upcoming technology in personal cooling device market?
  • What are the major regions where personal cooling device market is growing?

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.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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


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Report Code
SE 4509
Published ON
Aug, 2016
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