Personal Cooling Device Market

Personal Cooling Devices Market Outlook (2023 to 2033)

The global personal cooling devices market is expected to reach US$ 6 billion by 2023, expected to increase at a 4.1% CAGR between 2023 and 2033. According to Persistence Market Research, the market will reach US$ 9 billion by 2033.

There is a rising trend among businesses to develop wearable devices that are compact and easy to use is expected to grow in demand in the market. As a result of improved living standards and comfort zones, technological advances in portable devices, and climate change, the market has expanded.

Portable and wearable cooling devices are expected to increase in popularity with the growing popularity of outdoor activities like hiking, camping, and sports. The personal cooling devices market is expected to grow significantly in the next few years as wearable technology becomes increasingly popular, eco-friendly cooling solutions become increasingly common, and emerging economies continue to grow.

Developing economies such as India and China, where the summers can be extremely hot, offer significant growth prospects for the personal cooling devices market. Consumption of personal cooling devices is expected to increase in these countries as disposable incomes rise.

2018 to 2022 Personal Cooling Devices Sales Outlook Compared to Demand Forecast from 2023 to 2033

According to Persistence Market Research (PMR), personal cooling devices sales grew at a 5% CAGR from 2018 to 2022. According to analysts, the market will grow by a 4.1% CAGR from 2023 to 2033.

With rapid technological advancements and a new generation of handheld devices with compact or modern designs, the demand for these devices is expected to grow in the market.

For models that provide cooling, various models are available that support rechargeable batteries or regular AC voltage. In addition to its added benefits, removable fittings are positively influencing market growth. A growing tourist industry and a growing demand for portable chargeable devices will enhance the market in the coming years.

Wearable jackets with personal cooling devices are expected to grow in popularity as the demand for automotive grows in the market. With growing industrialization and employment, handheld cooling devices are expected to be used more often to minimize heat stress caused by hot temperatures.

What are the Key Market Factors Impacting the Personal Cooling Devices Market?

The Growing Popularity of Compact and Portable Devices are expected to Grow the Market

Technologies that reduce energy consumption are becoming increasingly popular, and the global market for personal cooling devices is expected to grow. Global growth in the personal cooling device market is expected to be driven by innovative cooling devices that provide comfortable individual cooling in the market.

In response to climatic changes and constant heat waves around the world, the market has grown for personal cooling devices. The World Health Organization estimates that climate change will cause 38,000 extra deaths per year around the world by 2030. The development of energy-efficient and user-friendly cooling devices is expected to increase in the future.

A growing number of consumers are seeking ergonomic designs and individualized comfort systems in personal cooling devices. Furthermore, other features include ease of operation, and cost-effectiveness, which are expected to drive the market.

As the market for personal cooling devices has grown in recent years, a cost-effective supply chain has been a key contributor to the market. In addition to the unique design, the user-friendly structure is also driving the demand, thereby propelling the market forward.

Country-wise Insights

What is the Growth Trajectory of the North American Personal Cooling Devices Market?

Growth for Portable Devices to Drive Personal Cooling Devices in the Market

Among all personal cooling devices, the North American market is expected to dominate the market. North American personal cooling device sales are expected to reach US$ 9 billion by 2033.

Modern technology has advanced in energy-saving technology and the production of portable devices has led to the growth of the personal cooling device market. With the rise of portable cooling devices, the market is set to continue growing in the years to come.

According to predictions, the United States will dominate the global market by 2023 with a 58% revenue share. By 2033, the United States is predicted to grow to US$ 1.4 billion at a CAGR of 3%.

A variety of energy efficiency policies are driving growth in the personal cooling devices market here, as well as growing consumer demand. The effects of global warming have changed the perception of personal cooling devices. Due to this increase in demand, personal cooling devices have become necessities rather than luxury goods. Therefore, personal cooling devices have become extremely popular in the region.

How is Asia Pacific Retaining its Dominance in Personal Cooling Devices?

With the Growing Demand for Home Appliances, the Demand for Personal Cooling Devices is Expected to Increase

Personal cooling devices are expected to be the most popular in the Asia Pacific. Factors such as the hot climate prevailing in this region have contributed to its leading position in the market. Global warming is a major factor affecting the global market for personal cooling devices. By 2033, the Asia Pacific market for personal cooling devices is expected to reach US$ 4.4 billion.

Based on the forecast, it is estimated that China will reach a total of US$ 2.3 billion by 2033. By 2033, PMR predicts that the Chinese market will capture approximately 52% of the revenue. Developing small-scale industries in these regions has also contributed to market growth. The growth of electronics and export business is expected to spur demand for these products.

Asian countries, which are the epicenter of electronics manufacturing, are quickly becoming a major source of these cooling devices. The presence of a large number of manufacturers in this region is expected to propel the demand for market growth.

Several manufacturers and suppliers of personal cooling devices in China are experiencing significant growth in these devices. Low production costs and a wide range of features are expected to drive the growth of the personal cooling device market. Personal cooling device sales in China are expected to grow at a CAGR of 5.5% from 2023 to 2033.

Category-wise Insights

Why are Online Platforms highly preferred for Marketing Personal Cooling Devices?

Growth of E-commerce Platforms will drive Demand for Personal Cooling Devices

By distribution channel, the market is segmented into online and offline channels. The market for online personal cooling device sales is expected to grow in the future. It is forecast that the industry will grow at a CAGR of 3.9% between 2023 and 2033.

A growing number of mobile devices and internet access is expected to increase the market for personal cooling devices. With the increasing shift towards online and in-home shopping convenience, the market has experienced rapid growth over the last few years.

With home delivery options for these products as well as easy exchange and insurance options available for the products, the market is likely to grow in the future. Growing demand for discounts and the availability of brands across a wide range of channels has led to rapid market growth.

What Product is Expected to Drive the Demand for Personal Cooling Devices?

Handheld Cooling Devices Will Continue to Grow During the Forecast Period

According to PMR, handheld cooling device sales rose at a CAGR of 4.8% between 2018 and 2022. This segment is expected to grow at a CAGR of 4.5% from 2023 to 2033. Due to its variety and easy handling, it offers consumers an acceptable cooling effect, which contributes to market growth.

To minimize anxiety and fatigue related to heat/cold stress, workers in hot environments are expected to use handheld cooling devices. As a result, it is expected that handheld cooling devices will be among the most rapidly growing products in this market.

TEC modules are included (Thermoelectric Cooler), which enable them to cool instantly. Thus, the market is experiencing rapid growth. Home appliances like desk fans and handheld cooling devices are among the most popular home appliances in a wide range of locations. The prices of these devices are reasonably low and they are readily available in the market.

Competitive Landscape

Several companies are developing personal cooling devices. Market share will increase significantly for companies with a wide range of products, technological capabilities, and marketing efforts. Innovative products can be developed by combining strengths from different companies.

Product improvement is most often the responsibility of researchers and developers. A competitive advantage can be gained by improving existing products as well as introducing new ones.

• In January 2023, Clarius Mobile Health introduced a new accessory for its high-definition handheld ultrasound scanners that allows users to scan continuously all day. A new Clarius Power Fan HD3 offers continuous power supply and cooling, making it possible for clinicians to scan continuously without interruption. The new feature is now available to current and new users.
• In March 2023, Brookfield-based Kuhler Technologies Inc. introduced a performance-enhancing handheld device: Kühler. Kühler rapidly removes heat from the hand during exercise in order to reduce core temperature.

Personal Cooling Devices Industry Report Scope

Personal Cooling Devices Market Outlook by Category

By Product:

• Handheld Cooling Device
• Personal Air Conditioner

By Distribution Channel:

• Online
• Offline

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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