The global smart personal air cooler market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). A smart personal air cooler is a portable cooling device that is energy-efficient, economic, and applicable to facilitate individual users without disturbing the ambience of others. These are tabletop, user-friendly devices that are available at very low maintenance and economic cost. Smart personal air coolers are manufactured with IoT enabled technology that features motorized horizontal and vertical louvre movement. It has been ergonomically designed to fit perfectly in any corner of the room to cool down every nook and corner. It supports remote operation and has anti-bacterial and mosquito repellant properties.
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The smart personal air cooler as a budget-friendly device with no installation requirement and versatile functioning is gaining huge traction in the market across the globe which, in turn, is anticipated to drive the market growth during the forecast period. The portable, individual comfort system, energy-efficient, and ergonomically appealing design offered by the smart personal air cooler are further expected to supplement the growth of the market. Additionally, the rising commercialization, changing lifestyle, and increase in disposable income are some factors that raise the adoption of smart technologies. This increasing adoption of smart technologies with the rising trend towards digitalization is anticipated to create lucrative opportunities for the smart personal air cooler market during the forecast period.
Additionally, the key players present in the global smart personal air cooler market include Evapolar Ltd., Orient Electric Ltd., Bajaj Electricals Ltd., and others adopted various strategies that include- product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in March 2018, Bajaj Electricals Ltd. launched an IoT enabled air cooler, Bajaj COOL.iNXT. With the launch of this IoT product, Bajaj Electricals aims to improve customers’ experience through smart technology and intuitive designs.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape- Evapolar Ltd., Orient Electric Ltd., Bajaj Electricals Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Smart Personal Air Cooler Market Report Segment
By Capacity
o < 20 L
o >20 L and Above
By Application
o Residential
o Commercial
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