Cooling Pads Market - Global Industry Dynamics 2019-2020, Trends and Forecast 2021–2028

A cooling pad is a laptop accessory used to reduce the temperature of the laptop. Often laptop’s fan is not adequate to cool the laptop; hence, cooling pad comes into the picture. They are placed below the laptop and helps to reduce or direct away the heat rapidly. Cooling pads vary in shapes, sizes, and design. Cooling pads are one of the most cost effective means used to improve the performance of the laptop. Many cooling pads support the use of power adapters, while others have built in USB hub.

Driving Factors

  • The cooling pads market is expected to witness significant growth in the coming years due to rise in adoption of laptop as an important means of technology in the day-to-day life. Ease of use, convenience, and no power requirement are the basic factors leading to the growth of the cooling pads market.

  • Additionally, cooling pads are lightweight and affordable, which is boosting the demand for cooling pads

  • Laptops are witnessing a surge in demand from various industries such as IT and technology, banking industry, research industry, financial sectors, etc. Cooling pads are expected to witness increased demand with rise in laptop use across several industries in the global market.

  • Moreover, gaming industry is one of the major industries contributing to the growth of the cooling pads market owing to rise in gaming laptop usage among the millennials

  • Rise in disposable income, and growing purchasing power are also expected to add fuel to the growth of the cooling pads market across several geographies

Challenges

  • Cooling pads often block all the airways in the laptop and block the fan. Moreover, water cooled pads often possess risk of leakage. These factors are expected to restrain the cooling pads market in the global market.

Market Segmentation

  • The global cooling pads market can be segmented based on product type, end use, distribution channel, and region

  • In terms of product type, the market can be classified into active cooling pads, passive cooling pads, multi-surface cooling pads, and multi-purpose cooling pads. Based on end use, the cooling pads market can be divided into residential and commercial.

  • In terms of distribution channel, the cooling pads market can be bifurcated into offline channel and online channel. Online channel can be sub-divided into company-owned website and e-Commerce website. Offline channel can be sub-divided into organized and unorganized stores.

  • Based on region, the global cooling pads market can be classified into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, the regions are divided into countries such as the U.S., Canada, Germany, France, Italy, the U.K., GCC countries, South Africa, China, India, Japan, and Brazil. North America accounts for the major share of the global cooling pads market.

Competition Landscape

  • The competition in the global cooling pads market is increasing, owing to the presence of a large number of local as well as regional players across the world. Moreover, the competition among players in the global cooling pads market is expected to intensify in the coming years due to entry of several new players. Manufacturers are focusing on product innovation to meet the rising demand, thereby leading to the overall growth of the market.

  • Key players operating in the global cooling pads market are Logitech International S.A., Thermaltake Technology Co., Ltd., Havit, Targus, Honeywell International Inc., GIGA-BYTE Technology Co., Ltd., Antec, Inc., Cooler Master Co., Ltd., Zalman Tech Co. Ltd., Zebronics India Pvt Ltd., Belkin International, Inc., and Portronics, NZXT, among others

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