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Semiconductor and Electronics Solid-State Cooling Market

The global solid-state cooling market is estimated to grow at a CAGR 9.01% rate during the forecast period. Major factors driving the solid-state cooling market growth include growing awareness of green energy and increasing focus on curbing greenhouse gas emissions, simultaneous heating and cooling properties of solid-state cooling systems, and rising demand for precise temperature control and below ambient cooling and expanding solid-state cooling applications in industries such as healthcare, automotive, and semiconductor and electronics.


Air-Conditioners expected to grow at the highest CAGR during Forecast Period. Solid-state thermoelectric air-conditioners are compact, lightweight units used for cooling electronic cabinets, computer enclosures, electrical enclosures, instruments, telecommunication equipment, and many other industrial applications in a variety of environments. These air conditioners have a simple and efficient solid-state design that uses the Peltier effect to provide reliable performance without the use of harmful chlorofluorocarbons (CFCs).


Solid-State Cooling Market for Multi-Stage Type in North America to Grow at Highest CAGR during Forecast Period. A multi-stage module can be viewed as 2 or more single stages stacked on top of each other. These modules are also known as cascade modules. The multi stage thermoelectric modules should be used only when a single stage thermoelectric module does not fulfill the requirements of high-temperature differentials.


The solid-state cooling market in APAC is expected to be the largest market. It comprises of China, Japan, South Korea, and the Rest of Asia Pacific, which includes Australia, India, New Zealand, Singapore, Thailand, Malaysia, Indonesia, the Philippines, and Taiwan. Increased demand for consumer goods, industrial automation, and healthcare monitoring devices is expected to drive this market. With the use of solid-state cooling systems, higher efficiency levels, and energy harvesting can be achieved in this region.


Key market players includes Ferrotec (Japan), Laird Thermal Systems (US), II-VI Marlow (US), TE Technology (US), TEC Microsystems (Germany), Crystal Ltd. (Russia), Kryotherm (Russia), RMT Ltd (Russia), Thermion Company (Ukraine), Thermonamic Electronics (China), Kelk Ltd. (Japan), Z-Max (Japan), Alphabet Energy (US), O-Flexx Technologies (Germany), Phononic (US), and P&N Technology (China). Other key players include Everredtronics (China), among others.


Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid to long term?
  • Which will be the upcoming industries for the solid-state cooling market?
  • What are the drivers, challenges, and restraints impacting the solid-state cooling market growth?
  • Which hardware components and software solutions are expected to be used widely to build solid-state cooling market in the mid to long term?
  • Which region is expected to witness significant demand for solid-state cooling?


  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Market Dynamics
  13. Drivers
  14. Growing Awareness of Green Energy and Increasing Focus on Curbing Greenhouse Gas Emissions
  15. Simultaneous Heating and Cooling Properties of Solid-State Cooling Systems
  16. Rising Demand for Precise Temperature Control and Below Ambient Cooling
  17. Challenges
  18. Solid-State Cooling Systems Costs Higher Than Conventional Cooling and Refrigeration Systems
  19. Low Energy Conversion Efficiency Rate of Single-Stage Solid-State Cooling Modules
  20. Standard Solution Would Not Always Meet Customers’ Needs
  21. Opportunities
  22. Increasing Use of Solid-State Cooling Systems in Various Applications
  23. Rising Awareness By Various Governments
  24. Growing Internet of Things Consequently Increases Demand for More Data Storage, Resulting in More Cooling Needs
  25. Executive Summary
  26. Solid-State Cooling Market, By Product
  27. Refrigeration system
  28. Refrigerators
  29. Freezers
  30. Cooling systems
  31. Air conditioners
  32. Chillers
  33. Solid-State Cooling Market, By Type
  34. Single stage
  35. Multi stage
  36. Thermocycler
  37. Solid-State Cooling Market, By End-User Industry
  38. Automotive
  39. Semiconductor and electronics
  40. Laser diode cooling
  41. Microprocessor cooling
  42. Semiconductor wafer probes
  43. Healthcare
  44. Consumer
  45. others
  46. Solid-State Cooling Market, By Region
  47. North America
  48. US
  49. Canada
  50. Mexico
  51. Europe
  52. UK
  53. Germany
  54. France
  55. Rest of Europe
  56. Asia Pacific
  57. Japan
  58. China
  59. South Korea
  60. Rest of APAC
  61. Rest of the World
  62. South America
  63. Middle East and Africa
  64. Company Profiles
  65. Leading Companies in Solid-State Cooling Market
  66. Ferrotec
  67. Laird Thermal Systems
  68. II-VI Marlow
  69. TE Technology
  70. TEC Microsystems
  71. Crystal Ltd.
  72. Kryotherm
  73. RMT Ltd
  74. Thermion Company
  75. Thermonamic Electronics
  76. Kelk Ltd.
  77. Other Companies in Solid-State Cooling Market
  78. *Company introduction, financial information, recent developments, SWOT analysis
  79. Conclusion and Recommendations
  80. Appendix
  81. About
  82. Related Reports
  83. Glossary



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