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Global Personal Cooling Devices Market to Grow at a CAGR of 5.2% During 2022-2027, Driven by Rising Global Warming

According to a new report by EMR titled, ‘Global Personal Cooling Devices Market Report and Forecast 2022-2027’, the global personal cooling device market attained a value of more than USD 6.4 million in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.2% to reach over USD 8.7 million by 2027.

The demand for personal cooling equipment has been steadily increasing due to the rise in temperature as a result of global warming. Heat stress caused by climate change is anticipated to result in a huge number of additional fatalities each year worldwide between 2030 and 2050, according to research compiled by the World Health Organization. The adoption of user-friendly and energy-saving cooling devices is likely to rise as a result of this. Workers working in hot environments are anticipated to utilise handheld cooling devices more frequently to reduce heat/cold stress and tiredness, which impacts both comfort and productivity. As a result, handheld cooling devices are likely to be among the market's fastest-growing products. Furthermore, they are equipped with TEC (Thermoelectric Cooler) modules, allowing for immediate cooling.

The increase in the availability of the product on online retailing platforms such as (NASDAQ: AMZN) has also been bolstering the market growth. Various sales on these platforms drive the market growth by making these gadgets much more affordable, like GAIATOP Personal Neck Fan is available on Amazon with rechargeable hands free bladeless. Tukzer USB Small Desk Fan, that is 8.3 inch in size with 3 speeds strong airflow, Quiet Operation, battery powered at 18650 lithium which can be fully charged at one go for 36 hours.

Market Analysis by Product Types, Distribution Channels, and Regions:

  • The market on the basis of product type can be divided into personalised air conditioner/ desk fans and handheld cooling devices.
  • The distribution channels for cooling devices include online and offline channels.
  • The regional markets for personal cooling devices include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The demand for personal care devices has increased due to rise in the level of temperature due to global warming.
  • Workers working in hot environments are anticipated to utilise handheld cooling devices more frequently to reduce heat/cold stress and tiredness, which impacts both comfort and productivity.
  • The growing availability of personal cooling devices on online platform and its convenience for the consumers is aiding the market growth.
  • The market expansion is also driven by the rising urbanisation and rising competition among the key players.

Key Offerings of the Report:

  • The EMR report gives an overview of the global personal cooling devices market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the product types, distribution channels, and regions of personal cooling devices.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for personal cooling devices include Honeywell International Inc., O2Cool, Sunbeam Products, Inc., Havells India Ltd., Evapolar Ltd, AMBIENT THERAPEUTICS INC., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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