Global Personal Cooling Device Market was valued US$ 5.40 Mn in 2019 and is expected to reach 8.30Mn by 2027, at a CAGR of 5.52 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Personal Cooling Device Market Dynamics:
Personal cooling devices are energy efficient devices, which are less expensive and provide comfort to individuals without upsetting the ambience of other occupants.
The demand for personal cooling devices is amplified across the globe owing to the increasing global warming. The presence of user-friendly energy-saving technologies for cooling devices is driving the global personal cooling device market. The availability of innovative cooling devices with comfortable individual cooling is expected to propel the growth in the global personal cooling device market. Some of the benefits, which are offered by the personal cooling devices like ergonomic designs, energy efficiency, and individual comfort system are booming the global personal cooling device market. Additionally, Other features as easy to operate, and cost-effective nature of the cooling devices are expected to increase the demand for personal cooling devices across the globe.
Furthermore, the presence of the usage of HVAC systems as a replacement for personal cooling devices is limiting the growth in the global personal cooling device market. HVAC systems are more flexible compared to personal cooling devices, which increases a primary preference among the consumers.
The handheld cooling device is projected to share significant growth in the global personal cooling device market. The growth in the market is attributed to the factors as it is intended in varieties, which offer consumer easy handling with a good cooling effect. In the application of the residential sector, the handheld cooling device is easy to operate over other room conditioners. Handheld cooling devices are unified with TEC modules to deliver the instant cooling effect. Workforces, which are working in hot temperatures are preferred to use handheld cooling devices to minimalize heat/ cold stress and exhaustion to enhance productivity.
Automotive segment is expected to grow at XX% rate of CAGR during the forecast period. The growth can be witness owing to the increasing adoption of the vehicle across the globe. The motorcycle air conditioner is one of the evolving applications of personal air conditioning technology. The organism setbacks cold or hot air inside the wearable jacket and delivers a comfortable environment to the motorcycle owner. Additionally, many consumers are focusing to use personal cooling fans in their vehicles to acquire comfort from environmental heat. These factors are delivered comfort minimizes energy while driving, resultant in enhanced alertness and awareness of the rider.
The Asia Pacific is expected to lead the global personal cooling device market. The leading position in the market can be attributed to the factors like hot climate of this region. Growing global warming is one of the key factors in the global personal cooling device market. This region has a momentous opportunity for the growth of the personal cooling device market owing to the major contributors to the growth of the personal cooling device market by developing countries like China, Japan, and India. China is the key manufacturer and supplier of personal cooling devices and the personal cooling device market for the same is witnessing substantial growth in China. The low cost of production for the personal cooling device coupled with the variability of features is expected to propel the growth in the personal cooling device market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global personal cooling device market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global personal cooling device market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Global Personal Cooling Device Market, Key Highlights:
• Global Personal Cooling Device Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Personal Cooling Device Market
• Global Personal Cooling Device Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Personal Cooling Device Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Personal Cooling Device Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Personal Cooling Device Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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The Scope of the Report for Global Personal Cooling Device Market :Inquire before buying
Global Personal Cooling Device Market, By Technology
• Ambient Cooling Technology
Global Personal Cooling Device Market,By Product
• Personal Air Conditioner
• Handheld Cooling Device
Global Personal Cooling Device Market,By Applications
Global Personal Cooling Device Market,By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Personal Cooling Device Market Key players
• Design Go Ltd.
• Evapolar Ltd
• Genexus LLC
• Ambient Therapeutics
• Beijing Huimao Cooling Equipment Ltd.
• Havells India Ltd.
• Lakeland Limited.
• O2cool LLC
• Holmes Ltd.
• Honeywell International
• Laird PLC
• Shenzhen KRG Electronics Co. Ltd.
• Tellurex Corporation
• Genexus LLC
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