Expert Market Research Explores the Top 5 Companies in the Global Laptop Cooling Pads Market

The global laptop cooling pads market reached a value of about USD 320.57 million in 2020. The industry is further expected to grow at a CAGR of about 5.8% in the forecast period of 2021-2026 to reach a value of around USD 494.96 million by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by factors such as increased use of measures to prevent laptops from failing prematurely, increased import and export of electronic products, and continuous usage of laptops in industry verticals.

Increased use of gaming laptops, combined with a boom in the gaming sector and growing adoption of laptop accessories, are all contributing to the industry's rise. The adoption of government initiatives to aid the manufacturing industry is a significant factor for the market expansion. Other factors that are catalysing market growth include rising population, urbanisation, and increasing disposable income of consumers.

The growth of the industry in North America is aiding the global market for laptop cooling pads. The demand for the product is increasing across the region. Because of the WFH (work from home) trend in place across a wide range of organisations, North America is expected to account for a considerable part of the market for laptop cooling pads over the forecast period, especially for the duration of the COVID-19 pandemic. The increasing sales of laptops in Europe and the Asia Pacific are also creating great growth opportunities for the market.

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Top 5 Laptop Cooling Pads Companies in the World:

Targus International LLC

Targus is a multinational mobile computing accessories company. Targus launched its first laptop case for Toshiba in 1986. With a line of iPod-specific accessories, Targus made its entry into the mobile device market in 2005. Since 2013, Targus has been a Samsung, Google, and Microsoft partner. The company designs, manufactures, and sells tablet and laptop cases, computer accessories such as keyboards, mice, privacy screens, and docking stations, among others.

Belkin International Inc.

Belkin is an American networking and consumer electronics company. Belkin is the parent company of WeMo, Linksys, and the smart home water management company, Phyn. Belkin was acquired by Foxconn, the largest provider of electronics manufacturing services, in 2016. The company produces computer and mobile connectivity devices and peripherals for commercial and consumer use. These include power banks, wireless chargers, data cables, audio and video adapters, headphones, screen protectors, and Wi-Fi routers, among others.

Cooler Master Technology Inc.

Cooler Master is a computer hardware manufacturer. The company has a manufacturing facility in Huizhou, China, and has offices in various countries, including the United States, Netherlands, Italy, France, Germany, Russia, and Brazil. Cooler Master is also an original equipment manufacturer of cooling devices for NVIDIA, AMD, and EVGA, among others. Products offered by the company include laptop cooling pads, computer cases, air and liquid CPU coolers, PC gaming headsets, PC gaming mice, tablet stands, and computer peripherals, among others.

Honeywell International Inc.

Honeywell International is an American multinational conglomerate. It is a Fortune 100 company, ranked 92nd in 2019. The company has around 110,000 employees worldwide, including more than 19,000 engineers and scientists. The company mainly operates in four areas of business: building technologies, aerospace, performance materials and technology (PMT), and safety and productivity solutions (SPS).

Logitech Inc.

Logitech is a leading manufacturer of interface and input devices for personal computers and other digital products. The company has offices across Asia, Europe, and America. Logitech has grown into a multi-brand company that designs products that connect people through music, gaming, video, and computing. Logitech has many brands, including Logitech, Logitech G, ASTRO Gaming, Ultimate Ears, Jaybird, Blue Microphones, and Streamlabs. Products offered by the company include tablet accessories, mice, keyboards, webcams, universal remotes, and Bluetooth speakers, among others.