Personal Cooling Device Market Synopsis

Personal Cooling Device Market Size Was Valued at USD 6.24 Billion in 2023 and is Projected to Reach USD 10.06 Billion by 2032, Growing at a CAGR of 5.45% From 2024-2032.

A personal cooling device is a portable gadget designed to help individuals maintain a comfortable body temperature in warm or hot environments. These devices are often small, lightweight, and easy to carry, making them convenient for personal use.

• Personal cooling devices are often used during outdoor activities such as hiking, biking, running, or camping, where individuals may be exposed to the sun and high temperatures. Athletes and fitness enthusiasts use cooling devices to stay cool during workouts or sports activities This helps to prevent overheating and enhances performance, whether it's commuting, road trips, or air travel, personal cooling devices can provide comfort in various modes of transportation, especially during warm weather. Individuals with certain medical conditions may use personal cooling devices to manage their symptoms. Attendees at outdoor concerts, festivals, and events may use personal cooling devices to stay cool and comfortable in crowded and warm settings.
• Personal cooling devices can be used at home during hot weather or when air conditioning is not available. This can be especially useful for those living in regions with occasional heatwaves Moreover, these devices offer a convenient way to stay cool. In industries where workers are at risk of heat stress, personal cooling devices can be part of a strategy to mitigate the effects of high temperatures and protect workers' health. Some individuals in specific professions, such as chefs working in hot kitchens, may use personal cooling devices to maintain comfort during their work.
• Climate change and people experiencing hotter weather, there is a growing need for solutions to stay cool, both indoors and outdoors. The world's population is increasingly concentrated in urban areas, where factors like the heat island effect can exacerbate high temperatures. In densely populated cities, personal cooling devices become essential for individuals to cope with urban heat. With greater awareness of the health risks, individuals are seeking ways to protect themselves from extreme heat, leading to a higher demand for personal cooling solutions. Advances in technology have led to the development of more efficient and portable personal cooling devices. As personal cooling devices become more widely available and affordable, a broader range of consumers can access these products. This has contributed to increased demand across different demographic groups.

Personal Cooling Device Market Trend Analysis

Increasing Popularity And Widespread Adoption Of Personal Cooling Devices

• Increasing average temperatures worldwide, often associated with climate change, have led to more frequent and intense heat waves. This has driven a need for personal cooling devices to help individuals cope with hotter weather. Technological innovations have resulted in more efficient and portable personal cooling devices.
• Improvements in battery technology, materials, and design have made these devices more accessible and user-friendly. Modern lifestyles often involve outdoor activities, travel, and participation in sports and events. Personal cooling devices have become integral to maintaining comfort and well-being in various situations.
• In workplaces with inadequate cooling or in industries where employees face challenging temperature conditions, personal cooling devices have become sought-after solutions. This is particularly relevant in sectors like construction, agriculture, and manufacturing. advances in cooling technology, including compact and efficient cooling mechanisms, lightweight materials, and innovative designs, have contributed to the development of effective personal cooling devices. Consumers are attracted to technologically advanced solutions that provide comfort without sacrificing convenience.

Restraints

Limited Cooling Capacity While Maintaining Portability, Challenges In Achieving Widespread Affordability

• Portable devices may have limited cooling power compared to traditional cooling methods, restricting their effectiveness in extremely hot conditions. Overcoming technological limitations, such as battery capacity and heat dissipation, can be hurdles in creating compact and effective personal cooling devices.
• Personal cooling devices need a power source to operate, and achieving a balance between cooling capacity and energy efficiency is crucial. An efficient use of energy to maximize cooling while minimizing power consumption is a challenge. Shrinking the size of cooling mechanisms while maintaining effectiveness is a significant challenge.

Opportunity

Cooling Devices Include Addressing Needs, Providing Workplace Comfort & Tapping Into the Growing Demand for Technologically Advanced Cooling

• Personal cooling devices provide thermal comfort for individuals experiencing discomfort due to high temperatures, whether indoors or outdoors. They are particularly useful in workplaces where maintaining a comfortable temperature can be challenging due to factors like poor ventilation, overcrowding, or limited access to centralized cooling systems. Investing in these devices can enhance productivity, reduce absenteeism, and increase employee satisfaction.
• As consumers become more aware of climate change and seek sustainable lifestyle choices, there is a growing demand for technologically advanced cooling solutions. Innovative materials, energy-efficient designs, and smart features align with this trend. Companies can capture a significant share of the market for personal cooling devices by addressing these needs and offering features like ergonomic design, customizable settings, and integration with smart devices.

Challenges

Effective Temperature Regulation Without Compromising Portability

• Including balancing effective temperature regulation with portability, ensuring energy efficiency, addressing diverse user preferences, and overcoming technological limitations for widespread adoption. Striking a balance between providing efficient cooling and maintaining portability can be challenging, as more powerful cooling mechanisms may require larger and heavier components.

Personal Cooling Device Market Segment Analysis:

Personal Cooling Device Market Segmented based on type, end-user, distribution channel

By Type, Handheld Cooling Devices segment is expected to dominate the market during the forecast period

• Handheld cooling devices are compact and portable, making them ideal for on-the-go use. They provide direct cooling to the user's body through fans, misting, or evaporative cooling, providing immediate relief from heat and humidity. Available in various forms like fans, misting fans, personal evaporative coolers, and mini air conditioners, these devices cater to various needs and preferences.
• Handheld Cooling Devices are often more affordable than larger appliances, making them accessible to a broader range of consumers. Handheld devices are easy to use, requiring no installation or setup, and offer adjustable settings, enhancing user comfort and satisfaction. This customization capability contributes to the popularity of handheld devices in the personal cooling market.

By End User, Commercial segment held the largest share of 62.4% in 2023

• Personal cooling devices are becoming increasingly popular in commercial settings, as they help employees regulate their body temperature in warm environments, improving overall well-being. These devices contribute to employee health and safety, energy efficiency, and customization, making them ideal for shared or open office environments.
• They offer a more efficient solution than centralized HVAC systems, allowing users to cool specific areas without adjusting the entire building's temperature settings. Technological advancements, such as wearable cooling vests and portable fans, have made these devices more ergonomic and user-friendly. They also help businesses comply with regulations for heat stress prevention and worker safety, demonstrating a commitment to employee well-being.

Personal Cooling Device Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia Pacific region is experiencing rapid urbanization, leading to a growing demand for personal cooling devices to manage heat-related discomfort. With millions of people living in densely populated cities, personal cooling devices offer a convenient solution for urban residents to cope with heat stress. Economic growth in countries like China, India, and Southeast Asia has increased disposable income, allowing more people to invest in personal comfort and convenience products.
• Technological advancements are producing advanced personal cooling devices with features like compact designs, energy efficiency, rechargeable batteries, and customizable settings. Health and wellness trends, such as heatstroke and dehydration, are driving consumers to prioritize personal health and wellness. Outdoor activities and sports in the region also attract consumers to personal cooling devices. Governments are implementing initiatives to address heat-related health risks, including public awareness campaigns and regulations.

Personal Cooling Device Market Top Key Players:

• Holmes (United States)
• Tracxn Technologies Limited (United States)
• Ambient Therapeutics (Canada)
• Handy Cooler (United States)
• Honeywell (United States)
• O2COOL (United States)
• Emerson Electric Co. (United States)
• Bluonics (United States)
• Ergodyne (United States)
• NewAir (United States)
• Mission Cooling (United States)
• Design Go Ltd. (United Kingdom)
• Lakeland Limited (United Kingdom)
• Geizeer (Italy)
• Dyson Ltd (United Kingdom)
• Evapolar (Europe)
• Coolingstyle (China)
• EIJING HUIMAO COOLING EQUIPMENT CO. LTD. (China)
• Shenzhen KRG Electronics (China)
• Freda (China)
• TORRAS (China)
• Xiaomi (China)
• Symphony (India)
• Havells India Ltd. (India) and Other Major Key Players

Key Industry Developments in the Personal Cooling Device Market:

• In October 2024, Emerson Climate Technologies acquired Verdant Oasis, a leading provider of wearable evaporative cooling vests, expanding its portfolio in heat stress mitigation solutions.
• In September 2024, TORRAS a phone accessory and electronic device brand launched its wearable air conditioner, COOLIFY 2. It is a personal temperature-controlled air conditioner for both cooling and heating.