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

The global personal cooling device market is expected to reach USD 6.9 Million by 2022 from USD 4.8 Million in 2015, at a CAGR of 5.3% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.

The objective of the report is to provide a detailed analysis of the market based on ambient air technology, product type, and geography.

• 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.

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 study of financial report of the leading players in the market and their product line helps to analyze the current market scenario and competitiveness. The financials of the company helps to arrive at overall market sizing of the study.  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.

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.

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

Key Takeaways:

• Analysis of the global personal cooling device market
• Inception of thermoelectric cooling (TEC) in the personal cooling 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
                    5.3.1.1 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

The personal cooling device market is expected to be worth USD 6.9 Million by 2022, growing at a CAGR of 5.3% 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.

However, dominating HVAC system market and partial battery capacity are the major restraint for the growth of this market. Also in colder regions, the personal cooling device is not of any use. The room cooling system in these regions has the major impact on the lifestyle. The inception of TEC may change the market dynamics in future.

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 personal cooling device market during the forecast period.

The market has been categorized geographically into the Americas, Europe, Asia-Pacific, and the Rest of the World (RoW). 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.

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 personal cooling device market.

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