Market Snapshot
A recent study by Fact.MR on wearable air conditioner market throws light on product pricing, market risks, in-detail study of technological aspects, techno-economic strongholds and other business aspects. According to the study, demand for wearable air conditioners is anticipated to increase at a volume CAGR of 15.4% over the period of 2021 to 2031, with overall shipments set to reach 200,00 units by the same year, mainly due to investments in the development of newer technologies and enhanced cooling effect provided by newer products.
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Key Points Covered in Wearable Air Conditioner Industry Survey:
Market Estimates and Forecasts (2016-2031)
Production Capacity Analysis of Prominent Manufacturers
Wearable Air Conditioner Pricing Analysis
Product Pricing Optimization Strategy
Demand for Wearable AC Over Short-term Period
Sales of Wearable Air Conditioners
Demand of Wearable Air Conditioners for Industry Workers
Demand for Wearable Pocket Air Conditioners by Sports Enthusiasts
Key Drivers and Restraints Shaping Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
COVID-19 Impact on Demand for Wearable Air Conditioners and How to Navigate
Recommendations on Key Winning Strategies
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Key Segments of Wearable Air Conditioner Industry Research
By Product Type
Neck Bands / Neck Straps
Wrist Bands
Waist Belts
Pocket Devices
By Control Technology
Mobile Applications
Touch
Button Control
Others
By Sales Channel
Offline Sales Channels
Electronic Stores
Supermarkets / Hypermarkets
Others
Online Sales Channels
Company Websites
Third-party e-Commerce
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Competitive landscape
These brands offer all new technology products in personal wearable air conditioners by harnessing their R&D expenditure. Players have also launched newer versions of their pioneer products launched back in 2017 and 2018.
In April 2021, Embr Labs announced the launch of its newest product, Wave 2. The company has accelerated expansion into wellness and digital therapeutics with US$ 6 Mn in series B financing. It also has many other unstated plans of expansion of geographical coverage over the next half-decade.
In April 2021, Sony launched the 2.0 version of its wearable thermos device “REON POCKET 2” with an enhanced cooling system. The company is also said to provide licenses for REON POCKET compactible wear and accessories, in turn, widening its scope and reach by offering more of these advanced products.
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Which Sales Channels are Preferred for Purchasing Wearable Air Conditioners?
Wearable air conditioners are being purchased through various distribution channels. Options range from various online platforms to offline channels offering a wide pool of opportunities for customers to choose from.
Online sales of wearable air conditioners have remained the most opportunistic choice for customers, as these offer them with the option to check reviews by previous customers, and the segment has conquered almost 70% of market share.
Third party e-Commerce sales of wearable air conditioners is set to increase at 21% CAGR over the said period, while sales of wearable air conditioners via company websites are set to rise in market size 5.3X. Embr Labs, providing wearable air conditioners for menopausal women, contributed more for sales through its company website.
Sales of wearable air conditioners via electronic stores remained the most preferred option by customers while purchasing through offline sales channels, occupying 52% of overall offline sales. Sales of wearable air conditioners via hypermarkets is anticipated to increase further by gaining 480 BPS over the decade.
For More Insights- https://www.einpresswire.com/article/556502949/growing-demand-for-sanitizers-during-pandemic-gives-traction-to-the-market-for-99-triethanolamine
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