Global Personal Cooling Device Market Overview
Personal Cooling Device Market Size was estimated at 17.52 (USD Billion) in 2022.The Personal Cooling Device Industry is expected to grow from 19.77(USD Billion) in 2023 to 58.5 (USD Billion) by 2032. The Personal Cooling Device Market CAGR (growth rate) is expected to be around 12.82% during the forecast period (2024 - 2032).
Key Personal Cooling Device Market Trends Highlighted
The personal cooling device market is experiencing a surge in demand driven by increasing awareness of personal comfort and the need for effective cooling solutions, particularly in hot and humid environments. The rise in temperature and heat waves due to climate change has heightened the need for personal cooling devices, leading to increased adoption in both consumer and industrial settings. Furthermore, advancements in technology, such as the development of lightweight and portable designs, have made personal cooling devices more accessible and convenient for individual use, contributing to the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Personal Cooling Device Market Drivers
Increasing Demand for Personal Comfort and Convenience
The Personal Cooling Device Market is influenced by the growing demand for personal comfort and convenience. An increased level of urbanization and rising disposable incomes increase the willingness of people to buy items that will benefit their personal well-being. Such devices are portable and comfortable to use, providing an efficient way to maintain an optimal temperature regardless of whether they are used indoors or outside. Therefore, the rising demand for personal cooling devices in the office, homes, and outdoor applications will accelerate the growth of the market.
Technological Advancements and Innovation
Technological advancements and innovation are playing a significant role in driving the growth of the Personal Cooling Device Market Industry. The continuous development of new technologies and materials has led to the introduction of more efficient, compact, and user-friendly personal cooling devices. These advancements have resulted in improved cooling performance, reduced energy consumption, and enhanced portability, making personal cooling devices more attractive to consumers.Additionally, the integration of smart features, such as temperature control, remote operation, and connectivity with mobile devices, is further enhancing the user experience and driving market demand.
Rising Concerns about Climate Change and Heat-Related Illnesses
The rising concerns about climate change and heat-related illnesses are contributing to the growth of the Personal Cooling Device Market Industry. The increasing frequency and intensity of heat waves, particularly in urban areas, have raised awareness about the importance of personal cooling measures. Personal cooling devices offer a portable and effective way to mitigate the effects of heat stress and prevent heat-related illnesses, such as heat exhaustion and heat stroke.As concerns about climate change continue to grow, the demand for personal cooling devices is expected to increase.
Personal Cooling Device Market Segment Insights
Personal Cooling Device Market Device Type Insights
The Personal Cooling Device Market segmentation by device type includes personal air conditioners, cooling vests, neck cooling belts, sunscreen clothing, and other personal cooling devices. Among these, personal air conditioners held the largest market share in 2023 and are projected to maintain their dominance throughout the forecast period. The rising demand for portable and energy-efficient cooling solutions is driving the growth of this segment. Cooling vests are expected to witness the fastest growth rate during the forecast period due to increasing adoption in industries such as construction, manufacturing, and outdoor activities.Neck cooling belts offer a convenient and hands-free cooling solution, making them popular among individuals engaged in physical activities or working in hot environments. Sunscreen clothing, which combines sun protection and cooling properties, is gaining traction as a protective and comfortable option for outdoor enthusiasts. Other personal cooling devices, such as cooling towels, misting fans, and evaporative coolers, contribute to the diverse range of options available in the market, catering to specific needs and preferences.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Personal Cooling Device Market Power Source Insights
The Power Source segment includes Electrically Powered, Battery Powered, and Passive Cooling Devices. In the given market segment, the Battery Powered segment was the largest market with a share of 60.1% in 2023. The key factor that contributed to the Battery Powered segment being the leader was the increased adoption of personal cooling devices based on battery operations because of their portability and convenience, which allows users to take them anywhere. At the same time, the global market may experience a substantial growth of the Electrically Powered segment, which is estimated at 19.9% CAGR in the next decade. It is caused by the growing demand for energy-efficient and more environmentally friendly personal cooling solutions. The Passive Cooling Devices segment is likely to grow at a moderate speed of 7.2%.
Personal Cooling Device Market Cooling Mechanism Insights
The Personal Cooling Device Market segmentation by cooling mechanism includes refrigerant-based cooling, evaporative cooling, and thermoelectric cooling. Among these, refrigerant-based cooling dominates the market, accounting for over 60% of the global revenue in 2023. This is primarily due to the high efficiency and cooling capacity of refrigerant-based systems. However, evaporative cooling is expected to witness significant growth in the coming years, owing to its energy efficiency and eco-friendliness. Thermoelectric cooling, though a niche segment, offers advantages such as compactness and silent operation, making it suitable for specific applications.The market data indicates a growing demand for personal cooling devices with advanced cooling mechanisms, such as hybrid systems that combine refrigerant-based and evaporative cooling technologies. This trend is driven by the increasing need for effective and energy-efficient cooling solutions in various industries.
Personal Cooling Device Market Capacity Insight
Small Capacity (Up to 500 BTU) personal cooling devices are ideal for personal use, offering spot cooling and portability. Medium Capacity (500-1500 BTU) devices are designed for small to medium-sized spaces, providing efficient cooling for individuals or small groups. High Capacity (1500 BTU and Above) devices are suitable for larger areas, such as offices, meeting rooms, or small commercial spaces, delivering powerful cooling performance. The Personal Cooling Device Market segmentation provides insights into market dynamics and growth opportunities for different capacity segments, enabling manufacturers to tailor their strategies accordingly.This market data supports informed decision-making and helps businesses identify target markets with high growth potential. Industry analysis suggests that the market growth for Personal Cooling Devices is expected to be driven by increasing demand for energy-efficient and portable cooling solutions, especially in regions with hot and humid climates.
Personal Cooling Device Market Application Insights
The Personal Cooling Device Market segmentation by application includes indoor use, outdoor use, sports and recreation, industrial use, and other applications. The indoor use segment is expected to account for the largest share of the market in 2023, due to the increasing demand for personal cooling devices in homes and offices. The outdoor use segment is also expected to grow significantly, driven by the rising popularity of outdoor activities and the need for portable cooling solutions. The sports and recreation segment is expected to witness substantial growth, owing to the increasing participation in sports and fitness activities.The industrial use segment is anticipated to grow steadily, driven by the increasing adoption of personal cooling devices in industries such as manufacturing and construction. Other applications, such as medical and military use, are also expected to contribute to the growth of the market.
Personal Cooling Device Market Regional Insights
The regional segmentation of the Personal Cooling Device Market offers valuable insights into the market's geographical distribution and growth patterns. North America holds a significant share of the market, driven by increasing adoption of personal cooling devices in both commercial and residential sectors. The region is expected to continue its dominance in the coming years.
Europe follows closely behind North America, with a growing demand for personal cooling devices in countries such as Germany, France, and the United Kingdom. The APAC region is anticipated to witness the fastest growth rate, primarily due to rising disposable incomes and increasing awareness about the benefits of personal cooling devices.South America and MEA regions are also projected to contribute to the overall market growth, albeit at a slower pace compared to other regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Personal Cooling Device Market Key Players And Competitive Insights
Major players in Personal Cooling Device Market industry are continuously striving to establish a significant position by exploring various growth strategies. These market players are actively engaged in product launches, collaborations, partnerships, and agreements with other companies to meet the evolving demands of consumers. The Personal Cooling Device Market industry is characterized by intense competition, with leading players constantly looking for innovative ways to gain a competitive edge. The competitive landscape is expected to remain dynamic in the coming years, with new entrants and established players continuing to invest in research and development to stay ahead in the market.A leading player in the Personal Cooling Device Market is LG Electronics, a South Korean multinational corporation. The company is renowned for its innovative consumer electronics, home appliances, and mobile devices. In the personal cooling device market, LG is a dominant player with a wide range of products, including air conditioners, refrigerators, and air purifiers. The company's commitment to energy efficiency, reliability, and user-centric design has helped it establish a strong market position. LG's extensive distribution network and global presence allow it to cater to a diverse customer base.A competitor in the Personal Cooling Device Market is Carrier, an American multinational manufacturer of heating, ventilation, air conditioning, and refrigeration systems. Carrier has a rich history in the industry, dating back to 1902. The company offers a wide range of products, including air conditioners, heat pumps, and thermostats. Carrier's focus on innovation and energy efficiency has made it a trusted brand among consumers and professionals. The company's global presence and extensive distribution network enable it to provide its products and services to customers in over 170 countries.
Key Companies in the Personal Cooling Device Market Include
- Seeron
- Kikkerland
- Zero Breeze
- MovinCool
- Vornado
- Coolzy
- Dyson
- Brunton
- The Wing
- Kuvings
- Sharper Image
- Arctic Air
- Honeywell
- Evaporative Cooler
- Blaux
Personal Cooling Device Market Industry Developments
The Personal Cooling Device Market size was valued at USD 14.73 billion in 2023 and is projected to grow at a CAGR of 12.82% from 2024 to 2032. The growth of the market is attributed to the increasing demand for personal cooling devices due to rising temperatures and humidity levels globally. Additionally, the growing popularity of outdoor activities and the increasing disposable income of consumers are further driving the market growth.Recent news developments in the market include the launch of new and innovative personal cooling devices by major manufacturers. For instance, in 2023, LG Electronics introduced its new wearable air conditioner, the LG PuriCare Wearable Air Purifier, which provides personal cooling and air purification. Furthermore, companies are focusing on developing sustainable and eco-friendly personal cooling devices to meet the growing demand for environmentally conscious products.
Personal Cooling Device Market Segmentation Insights
- Personal Cooling Device Market Device Type Outlook
- Personal Air Conditioners
- Cooling Vests
- Neck Cooling Belts
- Sunscreen Clothing
- Other Personal Cooling Devices
- Personal Cooling Device Market Power Source Outlook
- Electrically Powered
- Battery Powered
- Passive Cooling Devices
- Personal Cooling Device Market Cooling Mechanism Outlook
- Refrigerant-Based Cooling
- Evaporative Cooling
- Thermoelectric Cooling
- Personal Cooling Device Market Capacity Outlook
- Small Capacity (Up to 500 BTU)
- Medium Capacity (500-1500 BTU)
- High Capacity (1500 BTU and Above)
- Personal Cooling Device Market Application Outlook
- Indoor Use
- Outdoor Use
- Sports and Recreation
- Industrial Use
- Other Applications
| Report Attribute/Metric |
Details |
| Market Size 2022 |
17.52(USD Billion) |
| Market Size 2023 |
19.77(USD Billion) |
| Market Size 2032 |
58.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
12.82% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Seeron, Kikkerland, Zero Breeze, MovinCool, Vornado, Coolzy, Dyson, Brunton, The Wing, Kuvings, Sharper Image, Arctic Air, Honeywell, Evaporative Cooler, Blaux |
| Segments Covered |
Device Type, Power Source, Cooling Mechanism, Capacity, Application, Regional |
| Key Market Opportunities |
Growing demand for portable and lightweight cooling solutions Rising health awareness and concerns Increasing adoption of wearable technology Technological advancements in cooling materials and systems Expansion of ecommerce platforms |
| Key Market Dynamics |
Rising consumer preference for personalized cooling Advancements in cooling technology Increasing demand for portable and convenient cooling solutions Growing health concerns related to heatrelated illnesses Expanding applications in various industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Personal Cooling Device Market is expected to reach a valuation of 19.77 USD Billion in 2023.
The Personal Cooling Device Market is projected to register a CAGR of 12.82% from 2024 to 2032.
The North American region is expected to dominate the Personal Cooling Device Market in 2023, accounting for a significant share of the global market.
Key growth drivers of the Personal Cooling Device Market include rising temperatures due to climate change, increasing demand for personal comfort, and advancements in cooling technologies.
Major competitors in the Personal Cooling Device Market include LG Electronics, Panasonic Corporation, and Haier Group.
Personal Cooling Devices find applications in various settings, including personal use, industrial settings, and healthcare facilities.
Challenges faced by the Personal Cooling Device Market include the high cost of advanced cooling technologies and stringent regulations on the use of refrigerants.
Emerging trends in the Personal Cooling Device Market include the adoption of wearable cooling devices and the integration of smart technologies for personalized cooling experiences.
The COVID-19 pandemic had a positive impact on the Personal Cooling Device Market as demand for personal comfort and hygiene increased during lockdowns and social distancing measures.
The future outlook for the Personal Cooling Device Market is positive, driven by increasing disposable income, rising awareness about personal comfort, and technological advancements.
