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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.
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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.
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