Solid-State Cooling Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DOT59 | Last Updated On: Sep 09 2020 | No. of Pages: 204 | Available Formats

> Global Solid-State Cooling Market Expected to reach a high CAGR of 10% By 2027: DataM Intelligence

Global Solid-State Cooling Market is segmented By Product (Refrigeration System, Cooling System), By Type (Single Stage, Multi-Stage, Thermocycler), By End-user (Automotive, Semiconductor, and Electronics, Healthcare, Consumer, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

Solid-State Cooling Market

The Global Solid-State Cooling Market is expected to grow at a CAGR of 10% during the forecasting period (2020-2027).

The rise in the demand for precise temperature control and growing awareness of energy conservation in the applications all around the world is anticipated to drive the adoption of the solid-state cooling market in the forecast period.

Market Overview

**Source: DataM Intelligence Analysis (2019)

Thermoelectric cooling or solid-state cooling uses the Peltier effect to create a heat flux at the junction of two different types of materials. A Peltier cooler, heater, or thermoelectric heat pump is a solid-state active heat pump which transfers heat from one side of the device to the other, with consumption of electrical energy, depending on the direction of the current. It can be used either for heating or cooling, although in practice, the main application is cooling. It can also be used as a temperature controller that either heats or cools.

The report covers all the major trends and drivers playing a vital role in the growth of the global Solid-State Cooling market. The global Solid-State Cooling market has been segmented based on Product, Type, End-User, and Region.

Global Solid-State Cooling Market Value (USD Mn), 2018-2026

Market Dynamics

The global Solid-State Cooling Market is primarily driven by the growing awareness of energy conservation technology for heating and cooling for various applications all around the world.

Moreover, solid-state cooling devices are highly efficient then the conventional cooling & heating systems. Also, unlike compressor-based conventional cooling systems, solid-state thermoelectric heating and cooling do not require expensive Greenhouse Gases refrigerants. The solid-state system that gives 30-40% odds to the gas-compressor mechanism of a conventional refrigerator in terms of energy efficiency. On a global scale, technology to create cold, meaning industrial and domestic refrigerators, home air conditioners, and automotive air conditioners is a very expensive pleasure. According to expert estimates, all these devices spend up to 10% of the world's electricity as a whole.

However, costs higher than conventional cooling and refrigeration System will be hampering the growth of Solid-State Cooling for the forecast period.

Market Segmentation

By Type, the global Solid-State Cooling Market is segmented into Single Stage, Multi Stage, and Thermocycler. Single Stage has the dominant position in the Solid-State Cooling market as they are the most common type of thermoelectric modules globally because they are suitable for a wide range of heating and cooling applications. Moreover, single-stage thermoelectric modules are used in consumer electronics, biomedical instruments, electrical equipment and laboratory, industrial equipment, and scientific instruments. Therefore, single-stage devices are expected to retain their dominance in the forecasted period. It is expected that single-stage solid cooling will grow at a CAGR of ~XX% during the forecast period.

Global Solid-State Cooling Market , By Type, 2018, (% Share)

By End User, the global Solid-State Cooling Market is segmented into Automotive, Semiconductor and Electronics, Healthcare, Consumer, and Others. Healthcare has higher dominance in end-user segment of Solid-State Cooling as solid-state coolers provide reliable cooling for PCR applications that require fast thermal ramp rates, also provide real-time detection temperature controls. However, due to the rising demand for precision control, temperature devices in cars will be driving the market for automotive sector with higher CAGR in the forecast period.

Regional Analysis

By geography, the global Solid-State Cooling Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

APAC holds the largest market share for Solid-State Cooling Market due to the economy rise, and growing demand for consumer goods, industrial automation, and healthcare monitoring devices is expected to drive this market. China holds the major share in APAC Solid-State Cooling market owing to the presence of large manufacturers for solid-state cooling systems, and these Chinese companies offer solid-state cooling systems at a low rate as compared with other global competitors. The rise in consumer goods such as mobile phone production will be driving the market for solid-state cooling systems. According to the Indian Cellular Association (ICA), the annual production of mobile phones within the country has increased from 3 million devices in 2014 to 11 million devices in 2017. India now accounts for 11 percent of global mobile production, which was only 3 percent in 2014.

However, North America is after APAC in terms of market share of Solid-State Cooling Market, due to high technological advancement and the higher adoption of these advanced technologies by the people in the region The Solid-State Cooling market is expected to witness rapid growth owing to the increase in the demand from food retail to healthcare to optoelectronics.

Global Solid-State Cooling Market, by Region, 2018, (% Share)

Competitive Analysis

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Solid-State Cooling Market is a fragmented market with the presence of various global and regional players in the market. The major players include Ferrotec, Laird Thermal Systems, II-VI Marlow, TE Technology, and TEC Microsystems. Other key players in the market include Crystal Ltd., Kryotherm, RMT Ltd, Thermion Company, and Thermonamic Electronics.  

Comptative Landscape

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**The global Solid-State Cooling market report would provide access to an approx., 61 market data table, 53 figures, and 150 pages.

 

Table of Contents

  1. Solid-State Cooling Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Solid-State Cooling Market– Market Definition and Overview

  3. Solid-State Cooling Market– Executive Summary

    1. Market Snippet by Product      
    2. Market Snippet by Type
    3. Market Snippet by End-user
    4. Market Snippet by Region
  4. Solid-State Cooling Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rising Demand for Precise Temperature Control
      2. Restraints
        1. Costs Higher Than Conventional Cooling and Refrigeration Systems  
    2. Impact Analysis
    3. Opportunities
  5. Solid-State Cooling Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
  6. Solid-State Cooling Market– By Product

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      2. Market Attractiveness Index, By Product
    2. Refrigeration System*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Cooling System
  7. Solid-State Cooling Market– By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Single Stage*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Multi Stage
    4. Thermocycler ​
  8. Solid-State Cooling Market– By End user

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
      2. Market Attractiveness Index, By End user
    2. Automotive*
      1.  Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Semiconductor and Electronics
    4. Healthcare
    5. Consumer
    6. Others
  9. Solid-State Cooling Market– By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End User
  10. Solid-State Cooling Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Global Solid-State Cooling Market – Company Profiles

    1. Ferrotec*

      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Laird Thermal Systems
    3. II-VI Marlow
    4. TE Technology
    5. TEC Microsystems
    6. Crystal Ltd.
    7. Kryotherm
    8. RMT Ltd
    9. Thermion Company
    10. Thermonamic Electronics (**List not exhaustive)
  12. Global Solid-State Cooling Market– Premium Insights

  13. Global Solid-State Cooling Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables and Figures

List of Tables

Table 1 Global Solid-State Cooling Market Value, By Product, 2018,2022 & 2027 ($ Million)

Table 2 Global Solid-State Cooling Market Value, By Product, 2018,2022 & 2027 ($ Million)

Table 3 Global Solid-State Cooling Market Value, By End User, 2018,2022 & 2027 ($ Million)

Table 4 Global Solid-State Cooling Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 5 Global Solid-State Cooling Market Value, By Product, 2018,2022 & 2027 ($ Million)

Table 6 Global Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 7 Global Solid-State Cooling Market Value, By Product, 2018,2022 & 2027 ($ Million)

Table 8 Global Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 9 Global Solid-State Cooling Market Value, By End User, 2018,2022 & 2027 ($ Million)

Table 10 Global Solid-State Cooling Market Value, By End User, 2017-2027 ($ Million)

Table 11 Global Solid-State Cooling Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 12 Global Solid-State Cooling Market Value, By Region, 2017-2027 ($ Million)

Table 13 North America Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 14 North America Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 15 North America Solid-State Cooling Market Value, By End User, 2017-2027 ($ Million)

Table 16 North America Solid-State Cooling Market Value, By Country, 2017-2027 ($ Million)

Table 17 South America Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 18 South America Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 19 South America Solid-State Cooling Market Value, By End User, 2017-2027 ($ Million)

Table 20 South America Solid-State Cooling Market Value, By Country, 2017-2027 ($ Million)

Table 21 Europe Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 22 Europe Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 23 Europe Solid-State Cooling Market Value, By End User, 2017-2027 ($ Million)

Table 24 Europe Solid-State Cooling Market Value, By Country, 2017-2027 ($ Million)

Table 25 Asia-Pacific Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 26 Asia-Pacific Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 27 Asia-Pacific Solid-State Cooling Market Value, By End User, 2017-2027 ($ Million)

Table 28 Asia-Pacific Solid-State Cooling Market Value, By Country, 2017-2027 ($ Million)

Table 29 Middle East & Africa Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 30 Middle East & Africa Solid-State Cooling Market Value, By Product, 2017-2027 ($ Million)

Table 31 Middle East & Africa Solid-State Cooling Market Value, By End User, 2017-2027 ($ Million)

Table 32 Ferrotec: Overview

Table 33 Ferrotec: Product Portfolio

Table 34 Ferrotec: Key Developments

Table 35 Laird Thermal Systems: Overview

Table 36 Laird Thermal Systems: Product Portfolio

Table 37 Laird Thermal Systems: Key Developments

Table 38 II-VI Marlow: Overview

Table 39 II-VI Marlow: Product Portfolio

Table 40 II-VI Marlow: Key Developments

Table 41 TE Technology: Overview

Table 42 TE Technology: Product Portfolio

Table 43 TE Technology: Key Developments

Table 44 TEC Microsystems: Overview

Table 45 TEC Microsystems: Product Portfolio

Table 46 TEC Microsystems: Key Developments

Table 47 Crystal Ltd.: Overview

Table 48 Crystal Ltd.: Product Portfolio

Table 49 Crystal Ltd.: Key Developments

Table 50 Kryotherm: Overview

Table 51 Kryotherm: Product Portfolio

Table 52 Kryotherm: Key Developments

Table 53 RMT Ltd: Overview

Table 54 RMT Ltd: Product Portfolio

Table 55 RMT Ltd: Key Developments

Table 56 Thermion Company: Overview

Table 57 Thermion Company: Product Portfolio

Table 58 Thermion Company: Key Developments

Table 59 Thermonamic Electronics: Overview

Table 60 Thermonamic Electronics: Product Portfolio

Table 61 Thermonamic Electronics: Key Developments

 

List of Figures

Figure 1 Global Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 2 Global Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 3 Global Solid-State Cooling Market Share, By End User, 2018 & 2027 (%)

Figure 4 Global Solid-State Cooling Market Share, By Region, 2018 & 2027 (%)

Figure 5 Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 6 Global Solid-State Cooling Market Y-o-Y Growth, By Product, 2018-2027 (%)

Figure 7 Refrigeration System: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 8 Cooling System: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 9 Global Solid-State Cooling Market Y-o-Y Growth, By Product, 2018-2027 (%)

Figure 10 Single Stage: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 11 Multi Stage: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 12 Thermocycler: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 13 Global Solid-State Cooling Market Y-o-Y Growth, By End User, 2018-2027 (%)

Figure 14 Automotive: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 15 Semiconductor and Electronics: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 16 Healthcare: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 17 Consumer: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 18 Others: Global Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 19 Global Solid-State Cooling Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 20 North America Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 21 North America Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 22 North America Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 23 North America Solid-State Cooling Market Share, By End User, 2018 & 2027 (%)

Figure 24 North America Solid-State Cooling Market Share, By Country, 2018 & 2027 (%)

Figure 25 South America Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 26 South America Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 27 South America Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 28 South America Solid-State Cooling Market Share, By End User, 2018 & 2027 (%)

Figure 29 South America Solid-State Cooling Market Share, By Country, 2018 & 2027 (%)

Figure 30 Europe Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 31 Europe Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 32 Europe Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 33 Europe Solid-State Cooling Market Share, By End User, 2018 & 2027 (%)

Figure 34 Europe Solid-State Cooling Market Share, By Country, 2018 & 2027 (%)

Figure 35 Asia-Pacific Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 36 Asia-Pacific Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 37 Asia-Pacific Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 38 Asia-Pacific Solid-State Cooling Market Share, By End User, 2018 & 2027 (%)

Figure 39 Asia-Pacific Solid-State Cooling Market Share, By Country, 2018 & 2027 (%)

Figure 40 Middle East & Africa Solid-State Cooling Market Value, 2017-2027 ($ Million)

Figure 41 Middle East & Africa Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 42 Middle East & Africa Solid-State Cooling Market Share, By Product, 2018 & 2027 (%)

Figure 43 Middle East & Africa Solid-State Cooling Market Share, By End User, 2018 & 2027 (%)

Figure 44 Ferrotec: Financials

Figure 45 Laird Thermal Systems: Financials

Figure 46 II-VI Marlow: Financials

Figure 47 TE Technology: Financials

Figure 48 TEC Microsystems: Financials

Figure 49 Crystal Ltd.: Financials

Figure 50 Kryotherm: Financials

Figure 51 RMT Ltd: Financials

Figure 52 Thermion Company: Financials

Figure 53 Thermonamic Electronics: Financials

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