Personal Cooling Devices : Great Future, Great Applications and Great field for Investment

The global personal cooling device market is expected to reach USD 6.9 Million by 2022 from USD 4.8 Million in 2015, at a CAGR of 5.3% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022.

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The objective of the report is to provide a detailed analysis of the market based on ambient air technology, product type, and geography.

• The report identifies market opportunities for stakeholders in the eco-system of personal cooling system.
• The report includes information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges), along with the detailed value chain.
• In addition, the key players are strategically profiled, and their market rank and core competencies are comprehensively analyzed, along with detailing the competitive landscape for market players and describing the new product launches, acquisitions, partnerships, expansions, agreements, contracts, alliances, and collaboration in the market.
• The report also includes the study of penetration of thermoelectric cooling (TEC) technology in personal cooling system. TEC module is used to attain instant personal cooling effect. Handheld devices integrated with TEC modules are useful for providing cooling effect to patients suffering from hot flashes, migraine symptoms, insect bites and sports injuries.

APAC region to hold the largest share of the personal cooling device market

The APAC region is expected to hold the largest share and dominate the personal cooling device market in the near future because of the wide presence of cooling device manufacturers and suppliers in the APAC region. In the current scenario, APAC is a hub for various electronics device manufacturers. Moreover, the usage of these cooling devices is more due to hot climatic conditions.

The major companies in the personal cooling device market include Honeywell International (U.S.), Havells India Ltd. (India), Ambient Therapeutics Inc. (U.S.), Evapolar Ltd. (Russia), O2Cool LLC (U.S.), and others.

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