According to HTF MI, “Global Personal Cooling Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2029”. The Global Personal Cooling Devices Market is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2028, reaching USD 5.89 Billion in 2023 and USD 8.35 Billion by 2028.
The Personal Cooling Devices Market refers to the segment of the consumer electronics industry that focuses on producing and supplying devices designed to provide individuals with personal comfort and relief from heat by delivering cooling effects. These devices are typically portable and wearable, allowing users to regulate their body temperature in various environments, especially during hot weather conditions.
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Key and developing players who have been highlighted as part of the coverage include Sony Corporation (Japan), Honeywell International Inc. (United States), Panasonic Corporation (Japan), Evapolar (Russia), Embr Labs (United States), O2Cool LLC (United States), General Electric Company (United States), CoolOnTheGo (United States), Kuchofuku Co., Ltd. (Japan), Mistbox (United States), CoolingStyle (South Korea), North Aware (Canada), Techniche International (United Kingdom), Elenker (United States).
Market Drivers
- Demand is driven by climate change and heat waves.
- Raising awareness of health dangers increases interest.
- Advances in portable cooling technology boost desirability.
Market Trend
- Limited battery life has an impact on usage.
- Adoption is hampered by high production costs.
- Design constraints and environmental issues cause difficulties.
Market Restraints
- Wearable technology and smart sensors improve utility.
- Fashion-forward designs gain popularity.
- Emphasis on sustainability and customization expands.
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Key Market Segmentation:
The report has categorized the Personal Cooling Devices market based on type, distribution channel, and region.
Market Breakdown by Applications:
- Wearable Fans
- Cooling Towels
- Misting Fans
- Others
Market Breakdown by Types:
- Outdoor Recreation and Sports
- Workforce and Labor
- Healthcare and Medical
- Others
Report Scope
The Market size value in 2023 (USD 5.89 Billion)
Revenue Forecast by 2033 (USD 8.35 Billion)
Growth Rate CAGR Of (4.5%)
Historical Years (2018-2022)
Base Year (2022)
Estimated Year (2023)
Short-Term Projection Year (2028)
Geographically, this report is segmented into some key Regions, with manufacture, depletion, revenue (million USD), and market share and growth rate of Personal Cooling Devices in these regions, from 2018 to 2028 (forecast), covering China, USA, Europe, Japan, Korea, India, Southeast Asia & South America and its Share (%) and CAGR for the forecasted period 2023 to 2028
Note: With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.
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Competitive Landscape:
Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Sony Corporation (Japan), Honeywell International Inc. (United States), Panasonic Corporation (Japan), Evapolar (Russia), Embr Labs (United States), O2Cool LLC (United States), General Electric Company (United States), CoolOnTheGo (United States), Kuchofuku Co., Ltd. (Japan), Mistbox (United States), CoolingStyle (South Korea), North Aware (Canada), Techniche International (United Kingdom), Elenker (United States)
Key highlights of the report:
- Personal Cooling Devices Market Performance (2018-2022)
- Personal Cooling Devices Market Outlook (2023-2028)
- Personal Cooling Devices Market Trends
- Personal Cooling Devices Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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