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Worldwide Personal Cooling Device Market Size/Share Will Grow at 4.601% CAGR to Reach Over USD 8.32 Billion By 2030

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Phoenix, AZ, April 26, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Personal Cooling Device Market By Product Type (Handheld Cooling Device, Desk Fans, Personal Air Conditioner, And Others), By Price (Low-End And High-End), By Distribution Channel (Online And Offline), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Personal Cooling Device Market size & share in terms of revenue was valued at USD 5.81 billion in 2022 and it is expected to surpass around USD 8.32 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.601% during the forecast period 2023 to 2030.”

What is Personal Cooling Device? How big is the Personal Cooling Device Industry?

Report Overview:

The global personal cooling devices market had a value of approximately USD 5.81 billion in 2022 and is projected to reach approximately USD 8.32 billion by 2030, expanding at a compound yearly growth rate (CAGR) of approximately 4.601% between the years 2023 and 2030. The study investigates the factors that are driving growth in the global personal cooling devices market, as well as the factors that are holding the industry back, as well as the difficulties that lie ahead. In addition to this, the research investigates new possibilities that have arisen in the market for personal cooling devices.

The term “personal cooling device industry” refers to a subset of the broader “consumer electronic group” that is concerned with the development and sale of wearable devices that are intended to cool or otherwise reduce the temperature of the person who is wearing the device. These devices are known as “personal cooling devices.” These gadgets are often portable, consisting of a compact form factor, and powered by a battery.

They can also be worn on the body or positioned in close contact to the skin in order to provide cooling relief in hot or humid circumstances. Both of these options are available. Portable fans, cooling vests, neck fans, and handheld misting devices are a few examples of the types of personal cooling devices that are available. People who work in environments that are hot and humid, or who have a medical condition that causes them to experience hot flashes, both of which can cause the body to overheat, are the target customers for these products. On the other hand, in recent years, the product has also been increasingly popular among virtually anyone who want to maintain their level of comfort throughout the warmer months.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs – https://www.zionmarketresearch.com/sample/personal-cooling-device-market

(A free sample of this report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the Following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
  • About 214+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on Request
  • Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
  • Includes Tables and figures have been updated
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
  • Zion Market Research research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global Personal Cooling Device Market: Growth Factors

It is anticipated that the global market for personal cooling devices will expand as a result of the rising average temperature across the globe. Recent years have seen various nations break records that had stood for over a decade for the highest temperature ever measured in the nation as a whole or in specific regions of the nation. The rise in temperature has been attributed by scientists and studies to global warming, which in turn is connected to a number of other factors such as rapid urbanization, industrialization, and the use of non-renewable sources for energy generation leading to the emission of greenhouse gases. These factors are some of the causes.

For example, in April 2023, the Guardian published an article stating that some nations in Asia had already been hit by a severe heat wave at the beginning of the summer season in the eastern section of the earth. A well-known scientist named Maximiliano Herrera, who contributed to the same paper, asserted that the high temperatures that occurred in April can be classified as the “worst April heatwave in the history of Asia.” These kinds of circumstances are anticipated to fuel demand for personal cooling devices, particularly among persons whose jobs need them to be performed in outdoor settings.

Although personal cooling devices are beneficial in lowering the overall temperature of the body and can reduce discomfort caused by rising outside temperatures, the awareness rate surrounding these devices is very low. This is despite the fact that these devices are effective in reducing the overall temperature of the body. At this time, the majority of people that make up the consumer group live in urban areas, which provide them with a greater variety of shopping and informational options. However, businesses need to devise alternative marketing strategies in order to penetrate more rural areas, many of which do not have the necessary financial standing to implement alternative methods of cooling, such as air conditioners.

The worldwide players in the personal cooling device sector may tap into a number of crucial areas, one of the most important of which is investing more resources in product innovation. They are able to keep re-inventing the product in order to make it more fit for the particular requirements of the clients who come from different regions. In addition, the product’s increased efficiency may, in the years to come, entice a greater number of customers to purchase it. In addition to this, the utilization of social medical and e-commerce platforms may also create additional prospects for higher rates of growth.

The technology that powers conventional cooling systems, such as air conditioners with big fans, is not available to the manufacturers of personal cooling devices. This indicates that the gadget has limited operation and that it is not helpful in weather conditions that are particularly severe. In addition, given that these gadgets are powered by batteries, in the event that one does not have access to a source of electrical energy, the battery may run out of power after a few hours, rendering the device useless. This is especially relevant for nations or regions that do not possess sufficient facilities or infrastructure for the generation of acceptable amounts of power.

Directly Purchase a copy of the report with TOC @ https://www.zionmarketresearch.com/buynow/su/personal-cooling-device-market

Report Scope

Report Attribute Details
Market Size in 2022 USD 5.81 billion
Projected Market Size in 2030 USD 8.32 billion
CAGR Growth Rate 4.601% CAGR
Base Year 2022
Forecast Years 2023-2030
Key Market Players Honeywell International Inc., Dyson Ltd., LG Electronics Inc., O2COOL LLC, Evapolar Ltd., Personal Cooling Technologies, LLC, Holmes Products Corp., Sunpentown International Inc., The Coleman Company, Inc., NewAir LLC, Symphony Limited, Havells India Ltd., De’Longhi S.p.A., Bajaj Electricals Ltd., Gree Electric Appliances Inc. of Zhuhai, Orient Electric Limited, Symphony Comfort Systems Ltd., Breezair Pty Ltd., Vornado Air LLC, Climate Wizard Pty Ltd., Fujitsu General Limited, Carrier Global Corporation, Mitsubishi Electric Corporation, Haier Group Corporation, and Panasonic Corporation
Key Segment By Product Type, By Price, By Distribution Channel, And By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Personal Cooling Device Market: Segmentation Analysis

The personal cooling devices market across the globe may be broken down into four distinct submarkets: product type, price, distribution channel, and geography.

Handheld cooling devices, desk fans, personal air conditioners, and other types of products make up some of the segments of the global market based on product type. The segment of the market for desk fans experienced the biggest growth in 2022 due to the fact that these fans may be utilised either at home or in offices. These more compact fans blow cool breezes, which can assist in bringing the temperature of the body down. It has the potential to make the surrounding atmosphere more pleasant, which may be to the advantage of other individuals as well. Another big contributor category was the handheld cooling device segment. These devices are typically utilised by people when they are travelling or when they are in circumstances that prevent them from having access to traditional sources of cooling. However, it is essential to keep in mind that the market is quite competitive, and customer preference for a certain product may vary depending on the circumstances under which the user resides. The hottest temperature ever recorded in India was 38.9 degrees Celsius, which occurred in the month of April 2022.

The global personal cooling devices market can be divided into two categories, based on price: low-end and high-end.

Online and offline are the two categories that make up the two distinct segments of the worldwide market. The pandemic caused the majority of individuals or purchasers to convert to digital forms of buying, which resulted in the online shopping sector of the industry experiencing the highest growth rate. Some of the primary reasons for the expansion of this market segment are the simplicity of making a purchase, the accessibility of a greater number of options, the convenience of return policies, the excellence of customer service, and the extensive use of social media marketing by businesses. In addition, because the majority of customers live in metropolitan areas, they prefer to shop through internet channels rather than the conventional brick-and-mortar shopping. According to one estimate provided by Tidio, there are around 2.14 billion people who purchase online.

The global Personal Cooling Device market is segmented as follows:

By Product Type

  • Handheld Cooling Device
  • Desk Fans
  • Personal Air Conditioner
  • Others

By Price

  • Low-End
  • High-End

By Distribution Channel

  • Online
  • Offline

Browse the full “Personal Cooling Device Market By Product Type (Handheld Cooling Device, Desk Fans, Personal Air Conditioner, And Others), By Price (Low-End And High-End), By Distribution Channel (Online And Offline), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030″ Report at https://www.zionmarketresearch.com/report/personal-cooling-device-market

Competitive Landscape

Some of the main competitors dominating the global Personal Cooling Device market include – 

  • Honeywell International Inc.
  • Dyson Ltd.
  • LG Electronics Inc.
  • O2COOL LLC
  • Evapolar Ltd.
  • Personal Cooling Technologies LLC
  • Holmes Products Corp.
  • Sunpentown International Inc.
  • The Coleman Company Inc.
  • NewAir LLC
  • Symphony Limited
  • Havells India Ltd.
  • De’Longhi S.p.A.
  • Bajaj Electricals Ltd.
  • Gree Electric Appliances Inc. of Zhuhai
  • Orient Electric Limited
  • Symphony Comfort Systems Ltd.
  • Breezair Pty Ltd.
  • Vornado Air LLC
  • Climate Wizard Pty Ltd.
  • Fujitsu General Limited
  • Carrier Global Corporation
  • Mitsubishi Electric Corporation
  • Haier Group Corporation
  • Panasonic Corporation

Key Insights from Primary Research:

  • As per the analysis shared by our research analyst, the global personal cooling device market is estimated to grow annually at a CAGR of around 4.601% over the forecast period (2023-2030)
  • In terms of revenue, the global personal cooling device market size was valued at around USD 5.81 billion in 2022 and is projected to reach USD 8.32 billion, by 2030.
  • The personal cooling device market is projected to grow at a significant rate due to the rising temperature across the world
  • Based on product type segmentation, desk fans was predicted to show maximum market share in the year 2022
  • Based on distribution channel segmentation, online was the leading channel in 2022

On the basis of region, Asia-Pacific was the leading revenue generator in 2022Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/personal-cooling-device-market

Key questions answered in this report:

  • What is the market size and growth rate forecast for Personal Cooling Device industry?
  • What are the main driving factors propelling the Personal Cooling Device Market forward?
  • What are the leading companies in the Personal Cooling Device Industry?
  • What segments does the Personal Cooling Device Market cover?
  • How can I receive a free copy of the Personal Cooling Device Market sample report and company profiles?

Key Offerings:

  • Market Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis By Product Type, By Price, By Distribution Channel, And By Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Request for Customization on this Report as per your requirements – https://www.zionmarketresearch.com/custom/1434

(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)

Regional Analysis:

During the period covered by this estimate, the Asia-Pacific region is anticipated to record the highest growth in the personal cooling device market worldwide. Multiple variables that work to the regional industry’s advantage are projected to be the primary drivers of the growth rate in the coming years. The availability of a huge consumer database is the primary explanation behind this. Because of their status as the countries with the highest total population, India and China each have a population that is very near to 2.5 billion people. This indicates that market participants in the personal cooling device business have significant room for development in this region. In addition, as of the year 2023, Asia is experiencing the worst case of summer temperatures. Almost all places in South Asia are enduring extreme cases of heat waves, which have already caused a number of people to pass away and have caused a large number of others to become ill. In addition to this, these areas are seeing an increase in the number of individuals who have incomes that lie somewhere in the middle, which means that they are seeking for facilities that are effective while also being affordable, such as personal cooling equipment.

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Recent Developments

  • In March 2023, Symphony, an Indian multinational electronics company, announced the launch of a new range of personal cooling devices called Duet Mini. The company has announced the launch keeping in mind the changing needs of regional consumers that are currently living in soaring summer temperatures. Symphony, with its new product, is expected to tap into a new segment of consumers who have specific needs and requirements
  • In June 2022, Blaux Portable, a leading player in the industry, launched a new mini, portable air conditioner that can provide cooling effects rapidly and is designed for personal use. The new mobile AC is highly compact and lightweight without compromising its performance
  • In July 2020, Sony launched the Reon Pocket, a portable AC that can be charged using a USB-C chord

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/personal-cooling-device-market

FREQUENTLY ASKED QUESTIONS

  • What is personal cooling device?
  • Which key factors will influence the personal cooling device market growth over 2023-2030?
  • What will be the value of the personal cooling device market during 2023-2030?
  • What will be the CAGR value of the personal cooling device market during 2023-2030?
  • Which region will contribute notably towards the personal cooling device market value?
  • Which are the major players leveraging the personal cooling device market growth?

Browse Other Related Research Reports from Zion Market Research:

Cooling Fabrics Market: By Product (Natural and Synthetic), By Textile (Woven, Non-Woven, and Knitted), By Technology (Cooling Finishes, Polymer Coatings, and Specialty Fibers), and By Application (Lifestyle, Protective Clothing, Sports Apparel, Medical, Bedding & Mattress, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2023–2030: https://www.zionmarketresearch.com/report/cooling-fabrics-industry

Concrete Cooling Market – By Type (Ice Cooling, Water Cooling, Liquid Nitrogen Cooling, and Air Cooling), By Application (Port, Highway Construction, Nuclear Reactors, Dams, and Others), and By Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2023 – 2030: https://www.zionmarketresearch.com/report/concrete-cooling-market

Cool Roof Coatings Market- by Roof slope (Steep slopped, Low slopped), by Product type (IR reflective, Elastomeric), by Application (Industrial, Residential, Commercial) – Global Industry Perspective Comprehensive Analysis and Forecast, 2023 – 2030: https://www.zionmarketresearch.com/report/cool-roof-coatings-market

Immersion Cooling Market – By Application (High Performance Computing And Artificial Intelligence), By Product (Two-Phase And Single-Phase), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2023 – 2030: https://www.zionmarketresearch.com/report/immersion-cooling-market

Medical Equipment Cooling Market Type (Liquid and Air), Compressor (Scroll, Screw, Centrifugal and Reciprocating), Compressor (Packaged, Modular and Split), Application (MRI, CT, PET, LINAC and Medical lasers): Global Industry Perspective, Comprehensive Analysis and Forecast, 2023 – 2030: https://www.zionmarketresearch.com/report/medical-equipment-cooling-market

Industrial Cooling System Market: by Product (Water Cooling, Evaporative Cooling, Air Cooling, Hybrid Cooling), Application (Utility & Power, Metalworking, Oil & Gas, Chemical, Automotive, Food & Beverage, Pulp & Paper, Pharmaceutical): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2023 – 2030.: https://www.zionmarketresearch.com/report/industrial-cooling-system-market

Ductless Heating & Cooling Systems Market By Type (Split System And Window Air Conditioning System), By Application (Residential Buildings, Commercial Buildings, And Industrial Buildings), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/ductless-heating-cooling-systems-market

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Data Center Liquid Cooling Market – By Solution Type (Direct Liquid Cooling and Indirect Liquid Cooling), By Service Type (Installation & Deployment, Design & Consulting, and Support & Maintenance), By Size (Large –Sized and Small & Medium-Sized), By Industry Vertical (IT & Telecom, BFSI, Healthcare, Government & Defense, Retail, Research & Academic, Manufacturing, and Energy), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2023 – 2030: https://www.zionmarketresearch.com/report/data-center-liquid-cooling-market

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Artificial Intelligence

XTEND SECURES $40M TO REDEFINE ROBOTICS WITH AI-POWERED COMMON SENSE

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XTEND and its XOS operating system are unlocking the potential of robots and drones by empowering them with AI and partnering them with humans – providing them with the ‘common sense’ to navigate the unpredictable nature of real-world situations
TEL AVIV, Israel, May 10, 2024 /PRNewswire/ — XTEND, the developer of XOS, an AI-driven operating system that is revolutionizing the way humans interact with drones and robots, today announced its $40M Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech. The new funding will further develop XTEND’s proprietary XOS operating system and its application in various time-consuming, dangerous enterprise and security scenarios worldwide. XTEND will also ramp up global sales of its own drones and robotics products.

XTEND provides a revolutionary human-supervised, AI-driven drone and robot operating system that enables operators to perform highly complex and dynamic missions in any environment with minimal training. When drones and robots are controlled by XTEND’s patented XOS operating system – which fuses the best of human intelligence and machine autonomy – it provides a new way for logistics, public safety, inspection, defense, and security professionals to interact with machines effectively from a safe distance. 
XTEND’s team believes that as the use of drones and robots become more prevalent, professional human oversight remains crucial, and therefore developing a seamless collaboration between humans and AI, where each play to their strengths for optimal results, is vital. Aviv Shapira, co-founder, and CEO, explains: “Robots and drones promise to transform everything from factories to our homes. However, a significant hurdle remains – equipping them with the common-sense abilities to deal with the unpredictable nature of real-world situations, understand their surroundings, and make decisions based on that information. XOS uses AI to enable robots to learn from data and experience. Training them to identify objects, navigate complex environments, and interact with humans safely. We are unlocking the true potential of robotics in complex scenarios, including first response, search and rescue, logistics, critical infrastructure inspection, defense, and security.”
“Our XOS operating system is based on “Practical Human Supervised Autonomy” which empowers drones and robots to handle specific tasks autonomously – entering buildings, scanning floors, or even pursuing suspects. However, crucially, it allows the “common sense” decisions – like judging situations or adapting to unforeseen circumstances – to remain in the hands of human supervisors. This human-machine teaming allows our robots to work alongside supervisors, who can manage dozens of robots simultaneously, and learn from that experience. That is why we believe that XOS will become the operating system of choice for anyone looking to maximize their robotic systems’ potential while decreasing the risks posed to their teams’ lives or concerns around lack of human oversight.”
Hundreds of XTEND’s drone and robotics systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and those platforms to deliver the future of human-machine teaming. XOS is hardware agnostic, which allows it to control all sorts of platforms, including third party devices, complement existing technology, or create entirely new systems from scratch. XOS’s open architecture means that it can host applications developed by other companies, too. 
Matteo Shapira, co-founder, and CXO, adds: “Unlike self-driving cars, which operate in a world with mostly known rules and scenarios, XTEND specializes in enabling operations in “hypervariable” environments. Take a last-mile delivery robot. It can navigate autonomously indoors and outdoors but might need human help finding an office building entrance or understanding floor layouts to reach the elevator or stairway. These environments present limitless situations with the potential for the unexpected, requiring human-level decision-making skills specific to each profession. XTEND’s core technology, XOS, is built around this human-machine partnership. We are continually adding new “AI SKILLS” to our system, and those skills will allow robots to handle a growing portion of missions and tasks, freeing up human supervisors to manage more missions simultaneously, at scale.”
Eyal Agmoni, Founder and Chairman of Chartered Group, said: “We believe that the companies bringing the value of AI to massive and complex industries, such as robotics and drone operations, will be the tech giants of the 21st century. Having observed XTEND’s remarkable achievements thus far, we truly believe in the company’s potential to become the world leader in robotics and drone operations, and AI.” 
XOS has been developed for multiple markets, including logistics, public safety, inspection, and security. The U.S. Department of Defense Special Forces and Israel’s Ministry of Defense tier-1 units have also chosen XTEND for multiple multi-million-dollar programs to develop and deliver its systems for operational evaluation, so the company’s technology is already being used by some of the best in the business.
About XTENDXTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company’s patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator’s abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.
https://vimeo.com/802995851/2554c5485a – this footage shows XTEND’s team using drones and our XOS operating system to help with the recent rescue effort in Turkey. XOS enabled these drones to be operated in unsafe, confined, hard to reach spaces. Utilising additional cutting-edge technology, including robotic arms and thermal cameras, to enhance each drone’s rescue capacity. While this mission was carried out by XTEND’s own team, XOS enables anyone to easily connect and interact within remote environments using drones and other smart machines, without the need for prior knowledge or training.
About Chartered GroupChartered Group is an innovative global private equity firm providing extraordinary global investment funds and opportunities for a greener and more digitalized world across several disciplinaries with its VC of Disruptive Technologies as its cutting edge. Chartered is all about exposing accredited and institutional investors to the most extraordinary global investments and opportunities. As a global private equity firm, Chartered cut through the investment noise to deliver a variety of savvy financial products and services that not only support a greener and more digitalized world but also leverage robust financial returns, one tailored strategy at a time. To learn more please visit www.charteredgroup.com.
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Precisely Continues to Expand Reach and Capabilities for Data Enrichment and Geo Addressing

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New global Address Fabric™ and Property Attributes offerings help customers access unparalleled location-based insights, supercharged by the PreciselyID
BURLINGTON, Mass., May 9, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced further expansions in the global coverage and capabilities of its data enrichment and geo addressing portfolio. New additions to the Address Fabric and Property Attributes products underscore the company’s continued commitment to helping customers easily unlock greater location-based context from their data, enabled by its unique and persistent identifier, the PreciselyID.

Virtually every business worldwide captures and stores address information, with the average large business in the United States now estimated to store over 100 million unique addresses. However, navigating the inherent data integrity challenges is notoriously difficult, as it involves new buildings, changing street names, different country formats, and more.
Expanded Address Fabric Reach
Precisely customers can now access the Address Fabric dataset for Great Britain, France, and New Zealand – providing the most current and comprehensive lists of all known physical addresses across these countries. The new datasets expand Precisely’s existing coverage for the United States, Canada, and Australia.
Address Fabric data is easy to use with any database and analytics environment without needing specific geospatial expertise or tools. Customers can analyze address locations for various applications, including identifying new serviceable addresses, discovering new customers through look-a-like analysis, or selecting a site for new stores or network expansion opportunities.
Comprehensive Property Attributes Information
Precisely also announced the expansion of its Property Attributes products for the United States with 26 new attributes now available via integration with Multiple Listing Service (MLS) data. The MLS database of property listings is used by real estate agents to share information about homes currently on the market, including whether a property is affiliated with a Homeowner’s Association or if it’s considered a rental property.
With the latest updates, Property Attributes products now include over 230 different property information attributes across virtually every county located in the United States, providing a highly comprehensive view of a property and its key characteristics, such as details on land use, square footage, construction materials, and year built.
Address Fabric and Property Attributes leverage best-in-class geo addressing solutions from Precisely to provide the most accurate location information possible. Because each record is appended with a unique PreciselyID that remains persistent even when address elements change, customers can unlock greater value by enriching their data with additional information such as points of interest data, risk factors, demographics data, and much more.
“Precisely continues to be at the forefront of data enrichment and geo addressing solutions, enabling customers where they are on their data journey and supporting them with access to consistent location-based insights across their countries of operation,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “An essential element of data integrity, our unique PreciselyID makes address management and enrichment simple by eliminating time-consuming data preparation and augmenting insights with rich, relevant context.”  
Precisely is renowned for its expertise in helping customers reveal maximum context from their data, with a comprehensive portfolio that includes over 400 datasets containing more than 9000 attributes. The company also recently joined the Overture Maps Foundation, founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom, providing guidance on location intelligence and data enrichment to help drive exciting new advancements in geospatial technology.
Learn more about the Precisely portfolio of data enrichment and geo addressing capabilities.
About PreciselyPrecisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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The Australia Data Center Market Size Will Witness Investments of $7.71 Billion by 2029 – Get Insights on 135 Existing Data Centers and 23 Upcoming Facilities across Australia – Arizton

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CHICAGO, May 9, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Australia data center market is growing at a CAGR of 3.22% during 2023-2029.

To Know More, Click: https://www.arizton.com/market-reports/australia-data-center-market-investment-analysis
Australia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.71 Billion (2029)
Market Size (Area)
1,460.0 thousand sq. Feet (2029)
Market Size (Power Capacity)
303.0 MW (2029)
CAGR Investment (2023-2029)
3.22 %
Colocation Market Size (Revenue)
USD 2.05 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
The data center market in Australia has been witnessing significant growth in investments over the past few years. It is expected to grow at an absolute growth rate of around 20% between 2023-2029. Australia is among the top destinations for data center investments in the APAC region.
Sydney, Melbourne, and Perth are the primary data center hubs hosting most data centers in the country. Canberra, Brisbane, Darwin, and other cities are among the emerging locations in Australia with abundant land availability for data center development.
Investment Opportunities
In November 2023, OVHcloud announced the launch of its upcoming SYD3 Sydney data center facility, which is expected to be operational in 2024.In November of 2023, Rest Super invested about $656 million in a data center in Brisbane, which Quinbrook Infrastructure Partners are developing.In November 2023, NEXTDC announced the development of the D1 data center facility in Darwin; the facility is expected to go operational by Q2 2024.AirTrunk announced the expansion of its SYD2 data center campus in Sydney; once fully built, the facility will account for an additional power capacity of around 30 MW, making it an aggregate capacity of around 120 MW. This second phase is expected to be completed in 2024. AirTrunk’s upcoming SYD3 Sydney facility calls for an aggregate investment of about $670 million.In an August 2023 news article, Macquarie Data Centres revealed its plan to expand its upcoming IC3 Super West facility in Sydney regarding power capacity. As per January 2024 news article, Macquarie Data Centres has received approval to build/grow the IC3 Super West, its third facility in Sydney.In August 2023, STACK Infrastructure announced the MEL01 A data center launch in Melbourne, located at 399 Palmers Road. The entire campus will have a power capacity of around 72 MW, divided equally between buildings A and B. As of early 2024, Building B is still a work in progress. Furthermore, the company plans new facilities in Canberra, Hume, and Perth.Rising Procurement of Renewable Energy in Australia Boosting the Market Opportunities
In 2022, according to IRENA, solar energy accounted for around 61% of Australia’s overall renewable energy capacity, followed by wind, hydro, and bioenergy (in decreasing order), from which renewable power is extracted for all the sustainable energy needs of the country. Australia aims to achieve its target of zero carbon emissions by 2050. The country announced plans to reach almost 43% less emission than in 2005.
According to the Australia National Electricity Market (NEM), the renewable energy share in the country is expected to reach around 41% by 2030. By 2025, Australia aims to achieve 100% instantaneous renewable energy for its main grid, starting with a half-hour period and gradually increasing to cover hours and days. This transition will be facilitated by an increase in wind, solar, and energy storage solutions to meet the country’s new target of 82% renewables by 2030. The retirement of coal-based power generation facilities in the coming years will contribute to this goal.
Microsoft in Australia Recent Development During 2022-2024:
In October 2023, Microsoft, a hyperscale tech giant, decided to expand its footprint in Australia by investing over $3 billion to increase and expand its computing capacity in the country by over 250% in the next two years. It is expected to go live by late 2025.In July 2023, Microsoft announced the completion of the construction of Building 1 of the Station Road data center; Building 2 is still a work in progress. This is expected to be completed by late 2024.Why Should You Buy This Research? 
Market size is available in terms of investment, area, power capacity, and Australia colocation market revenue.An assessment of the data center investment in Australia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Australia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in AustraliaFacilities Covered (Existing): 135Facilities Identified (Upcoming): 23Coverage: 20 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in the AustraliaColocation Market Revenue & Forecast (2023-2029)Retail Colocation Revenue (2023-2029)Retail Colocation PricingThe Australia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.A transparent research methodology and the analysis of the demand and supply aspects of the market.Market Segmentation
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Towers, Condensers and Dry CoolersEconomizers and Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySydneyMelbournePerthOther CitiesVendor Landscape
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Extreme Networks, Hewlett Packard Enterprise, Hitachi Vintara, IBM, Juniper Networks, Lenovo, Oracle, Pure Storage, Quanta Cloud Technology, and Super Micro Computer.Data Center Construction Contractors & Sub-Contractors: AECOM, A W Edwards, Aurecon, Benmax, BGIS, Dem, FDC Construction & Fitout, FKG Group, Greenbox Architecture, HDR (Hurley Palmer Flatt), Hutchinson Builders, Icon, ISG, John Holland, Kapitol Group, Linesight, Manteena Group, Nilsen, Paramount Airconditioning, Parratech, SCEE Group, Stowe Australia, & Taylor Group Construction.Support Infrastructure Providers: ABB, Airedale, Alfa Laval, Canovate, Caterpillar, Condair, Cummins, Delta Electronics, Eaton, Everett Smith & Co, Green Revolution Cooling, HITEC Power Protection, Kohler, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Rolls Royce, Schneider Electric, STULZ, Thycon, & Vertiv.Data Center Investors: 5G Networks, AirTrunk, Amazon Web Services, CDC Data Centres, DC Two, DCI Data Centers, Digital Realty, Equinix, Edge Centres, Fujitsu, Global Switch, Leading Edge Data Centres, Keppel Data Centres, Macquarie Data Centres, Microsoft, NEXTDC, & STACK Infrastructure.New Entrants: GreenSquareDC, Stockland, Supernode, Trifalga, & Vantage Data Centers.Key Questions Answered in the Report:
Q: How big is the Australia data center market?
Q: How much MW of power capacity will be added across Australia from 2024 to 2029?
Q: What is the growth rate of the Australia data center market?
Q: What factors are driving the Australia data center market?
Q: Which cities are included in the Australia data center market report?
Get the Detailed TOC @ https://www.arizton.com/market-reports/australia-data-center-market-investment-analysis
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