The global market for Personal Cooling Device is estimated at US$6.7 Billion in 2023 and is projected to reach US$9.3 Billion by 2030, growing at a CAGR of 4.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the personal cooling devices market is driven by several factors. One major driver is the increasing frequency and intensity of heatwaves due to climate change, which is raising the demand for effective personal cooling solutions. The growing awareness about the health risks associated with heat stress and the benefits of personal cooling devices is also propelling market growth. Technological advancements that enhance the efficiency, portability, and user-friendliness of these devices are further contributing to their adoption.
Additionally, the expanding applications of personal cooling devices in sectors such as sports, healthcare, and military are boosting market demand. The rise of wearable technology and the trend towards personalized health and comfort solutions are also key factors driving the growth of the personal cooling devices market, ensuring a robust expansion in the coming years.
The growth in the personal cooling devices market is driven by several factors. One major driver is the increasing frequency and intensity of heatwaves due to climate change, which is raising the demand for effective personal cooling solutions. The growing awareness about the health risks associated with heat stress and the benefits of personal cooling devices is also propelling market growth. Technological advancements that enhance the efficiency, portability, and user-friendliness of these devices are further contributing to their adoption.
Additionally, the expanding applications of personal cooling devices in sectors such as sports, healthcare, and military are boosting market demand. The rise of wearable technology and the trend towards personalized health and comfort solutions are also key factors driving the growth of the personal cooling devices market, ensuring a robust expansion in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Personal Air Conditioners / Desk Fans segment, which is expected to reach US$5.8 Billion by 2030 with a CAGR of a 4.1%. The Handheld Cooling Devices segment is also set to grow at 5.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 4.5% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Personal Cooling Device Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Personal Cooling Device Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Personal Cooling Device Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Beijing Huimao Cooling Equipment Co., Ltd., Design Go Ltd. (Go Travel), Evapolar Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 24 Featured):
- Beijing Huimao Cooling Equipment Co., Ltd.
- Design Go Ltd. (Go Travel)
- Evapolar Ltd.
- Genexus LLC
- Havells India Ltd.
- Honeywell International, Inc.
- Laird Technologies, Inc.
- Lakeland Ltd.
- O2Cool, LLC.
- Shenzhen Krg Electronics Co. Ltd.
- Tellurex Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Beijing Huimao Cooling Equipment Co., Ltd.
- Design Go Ltd. (Go Travel)
- Evapolar Ltd.
- Genexus LLC
- Havells India Ltd.
- Honeywell International, Inc.
- Laird Technologies, Inc.
- Lakeland Ltd.
- O2Cool, LLC.
- Shenzhen Krg Electronics Co. Ltd.
- Tellurex Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 283 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.7 Billion |
| Forecasted Market Value ( USD | $ 9.3 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
