The global personal cooling devices market is expected to reach USD 6.9 Million by 2022, at a CAGR of 5.3% during the forecast period. The energy efficiency of these devices, portability and individual comfort systems are the major drivers for the personal cooling systems market. Personal cooling device is mostly USB powered or battery operated and it consumes less amount of power. The personal cooling devices save more energy as compared to split AC or room AC.
Some of the key players in the personal cooling devices market include Honeywell International (U.S.), Havells India Ltd. (India), O2Cool LLC. (U.S.), Holmes (Jarden Consumer Solution) (U.S.), and Evapolar Ltd. (Russia), 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.). These players have designed various types of handheld fans and personal air conditioners. Researchers are integrating TEC module with cooling devices to increase the efficiency of these devices. New innovations in handheld devices may offer the device an alternative power source through TEC technology. The companies majorly adopt strategies of products launches and expansion of sales office worldwide. The key players frequently upgrade their products as a product differentiation strategy.
Honeywell International, a global company, manufactures mini desk fans as the personal cooling product in 2015. The company develops innovative products with easy to use features. The company developed new products in QuietSet and Turbo product line: Turbo on the Go! and QuietSet Slim Mini Tower Table Fan. Turbo on the Go! is a portable folding fan which can be operated by USB or is battery powered. This fan can be used in offices, gyms, on beach, or during camping, backyard barbeques and picnics. This product provides airflow up to 3 feet. The QuietSet Slim Mini Tower Table Fan offers unique user interface with four settings: power cool, refresh, white noise and sleep. This device also offers optional oscillation, easy-touch display, and auto shut-off timer.
Evapolar Ltd, a Russian Company, developed a world’s first personal air conditioner "Evapolar” in 2015. It offers 3-in-1 functionality of cooling, humidifying, and air purifying. The device is eco-friendly and is 12 times more energy efficient than the current air-conditioners. This technology is based on patented nano-technology and is unique and easy to use.
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
Markets and Markets
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