Solid-State Cooling Market is expected to reach USD 1.7 Billion by 2030 at a CAGR of 12.9% during the forecast period. The solid-state cooling systems offer low maintenance and high reliability over conventional cooling and refrigeration systems. These systems are widely used in electronic, medical, telecommunications, and aerospace industries. Increasing awareness about green energy and initiatives to stop greenhouse gas emissions are creating the demand for the solid-state cooling market. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report The solid-state cooling system's major influence is simultaneous heating and cooling properties. Secondly, rising ultimatum for precise temperature control, below ambient cooling and intensifying solid-state cooling applications. However, growing internet of things (IoT) consequently increases demand for more data storage, resulting in more cooling needs and increasing use of solid-state cooling systems in various applications are the opportunities for the solid-state cooling market. The report covers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a significant role in the enlargement of the market from 2024-2030.
Solid-State Cooling Market Segment Analysis:
The single-stage segment is held to dominate the xx% market share during the forecast period. The single-stage cooling systems are effective from a few hundred watts of cooling power. Single-stage thermoelectric module domestic is suitable for a comprehensive range of cooling and heating applications with low to high heat pumping capacities. These modules are the most common type of thermoelectric modules globally because they are suitable for a wide range of heating applications, which require high heat impelling capacity.Cooling System segment is expected to dominate the xx% market share during the forecast period. The cooling systems are used in wide applications such as in various government aerospace agencies, air-conditioned cases are used for laser telescope and data tracking equipment protection. The solid-state cooling systems in a wide range of uses as cooling electronic cabinets, electrical fields, instruments, telecommunication equipment, and many other manufacturing applications in a variety of environments is a major purpose for the leading share in the market.
Solid-State Cooling Market Regional Insights:
Regionally, Asia Pacific is expected to account for the largest share of the solid-state cooling market during the forecast period. Increased demand for consumer goods, industrial automation, and healthcare monitoring devices are expected to enterprise in this market. With the use of higher efficiency levels, and energy harvesting can be achieved in this region. Developing the industrialization and infrastructural improvements, and stringent government regulations about energy sustainability are among the major drivers of this market. Hence, the solid-state cooling market in the Asia Pacific is likely to grow at the highest CAGR during the forecast period. The report covers the recent development in the solid-state cooling market like in Phononic, a U.S. based enterprise that has developed solid-state cooling technology that can be used on drones for moving payload such as human organs in a medical emergency. Separately from the healthcare industry, this cold-chain vehicle solution also finds uses in the food retail and optoelectronics industry. The objective of the report is to present a complete calculation of the Global Solid-State Cooling Market and contains thoughtful insights, historical data, facts, industry-validated market data and plans with a suitable set of assumptions and methodology. The report also helps in the Global Solid-State Cooling Market is a dynamic structure by identifying and analyzing the market segments and project the global market size. The additional, report also focuses on the competitive analysis of key player’s by-product, financial position, price, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Solid-State Cooling Market.Solid-State Cooling Industry Ecosystem:
Solid-State Cooling Market Scope: Inquire before buying
Solid-State Cooling Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 1.01 Billion Forecast Period 2024 to 2030 CAGR: 12.9 % Market Size in 2030: USD 1.7 Billion Segments Covered: By Type Single-Stage Multi -Stage Thermo cycler By Product Refrigeration System Refrigerators Freezers Cooling System Air Conditioners Chillers By End User Medical Automotive Consumer Semiconductor and Electronics Others Solid-State Cooling Marke, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Solid-State Cooling Market Key Players are:
1. Advanced Thermoelectric 2. Align Sourcing 3. AMS Technologies 4. Crystal Ltd. 5. Everredtronics 6. Ferrotec 7. Hicooltec Electronic 8. Inheco Industrial Heating & Cooling 9. Kelk Ltd. 10. Kryotherm 11. Laird Thermal Systems 12. LG Innotek 13. Merit Technology Group 14. Micropelt 15. O-Flexx Technologies 16. Phononic 17. Sheetak 18. Start-Up Ecosystem 19. TE Technology 20. TEC Microsystems 21. Thermion Company 22. Thermonamic Electronics 23. Wellen TechnologyFrequently Asked Questions:
1. Which region has the largest share in the Global Solid-State Cooling Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Solid-State Cooling Market? Ans: The Global Solid-State Cooling Market is growing at a CAGR of 12.9% during forecasting period 2024-2030. 3. What is scope of the Global Solid-State Cooling Market report? Ans: Global Solid-State Cooling Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Solid-State Cooling Market? Ans: The important key players in the Global Solid-State Cooling Market are – Advanced Thermoelectric, Align Sourcing, AMS Technologies, Crystal Ltd., Everredtronics, Ferrotec, Hicooltec Electronic, Kelk Ltd., Kryotherm, Laird Thermal Systems, LG Innotek, Merit Technology Group, Micropelt, O-Flexx Technologies, Phononic, Sheetak, Start-Up Ecosystem, TE Technology, TEC Microsystems, Thermion Company, Thermonamic Electronics, Wellen Technology. 5. What is the study period of this Market? Ans: The Global Solid-State Cooling Market is studied from 2018 to 2030.
1. Solid-State Cooling Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Solid-State Cooling Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Market Share 2.6. Industry Ecosystem 2.6.1. Key players in the Solid-State Cooling ecosystem 2.6.2. Role of companies in the Solid-State Cooling ecosystem 2.7. Upcoming Technological and Advancement Initiatives by Key Players 2.8. Market Structure 2.8.1. Market Leaders 2.8.2. Market Followers 2.8.3. Emerging Players 2.9. Consolidation of the Market 2.9.1. Strategic Initiatives and Developments 2.9.2. Mergers and Acquisitions 2.9.3. Collaborations and Partnerships 2.9.4. Product Launches and Innovations 2.10. Pricing Analysis: Average Selling Price of Solid-State Cooling Offered by Key Players in the Market 3. Solid-State Cooling Market: Dynamics 3.1. Solid-State Cooling Market Trends by Region 3.1.1. North America Solid-State Cooling Market Trends 3.1.2. Europe Solid-State Cooling Market Trends 3.1.3. Asia Pacific Solid-State Cooling Market Trends 3.1.4. South America Solid-State Cooling Market Trends 3.1.5. Middle East & Africa (MEA) Solid-State Cooling Market Trends 3.2. Solid-State Cooling Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. Technological Analysis 3.4.1. Core Technology 3.4.1.1. Thermoelectric cooling 3.4.1.2. Magnetic Cooling 3.4.1.3. Electro caloric Cooling 3.4.1.4. Thermoplastic Cooling 3.4.2. Complementary Technology 3.4.2.1. Heat exchange 3.4.2.2. Thermal interface materials (TIMs) 3.4.2.3. Temperature Sensors and control systems 3.4.3. Adjacent Technology 3.4.3.1. Thermal Management Solutions 3.4.3.2. Energy Electronics Systems 3.5. Ecosystem analysis 3.5.1. Key players in Ecosystem 3.5.2. Role of participants in the Ecosystem 3.6. Key Stakeholder and Buying Criteria 3.6.1. Influence of Stakeholders on the Buying Process for the Top Applications 3.6.2. Key Buying Criteria for Top Applications 3.7. Regulatory Landscape 3.7.1. Regulation by Region 3.7.2. Tariff and Taxes 3.7.3. Regulatory Bodies, Government agencies, and other Organizations 3.8. Patent Analysis 3.8.1. Top 10 Patent Holders 3.8.2. Top 10 Companies with Highest Number of Patents 3.8.3. Patent Registration Analysis 3.8.4. Number of Patents Granted Still 2024 4. Trade Data Analysis: 4.1.1. Import/ Export of Solid-State Cooling 5. Solid-State Cooling Market: Global Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 5.1. Global Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 5.1.1. Single-Stage 5.1.2. Multi -Stage 5.1.3. Thermocycler 5.2. Global Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 5.2.1. Refrigeration System 5.2.1.1. Refrigerators 5.2.1.2. Freezers 5.2.2. Cooling System 5.2.2.1. Air Conditioners 5.2.2.2. Chillers 5.3. Global Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 5.3.1. Medical 5.3.2. Automotive 5.3.3. Consumer 5.3.4. Semiconductor and Electronics 5.3.5. Others 5.4. Global Solid-State Cooling Market Size and Forecast, by Region (2023-2030) 5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. South America 5.4.5. MEA 6. North America Solid-State Cooling Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 6.1. North America Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 6.1.1. Single-Stage 6.1.2. Multi -Stage 6.1.3. Thermocycler 6.2. North America Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 6.2.1. Refrigeration System 6.2.1.1. Refrigerators 6.2.1.2. Freezers 6.2.2. Cooling System 6.2.2.1. Air Conditioners 6.2.2.2. Chillers 6.3. North America Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 6.3.1. Medical 6.3.2. Automotive 6.3.3. Consumer 6.3.4. Semiconductor and Electronics 6.3.5. Others 6.4. North America Solid-State Cooling Market Size and Forecast, by Country (2023-2030) 6.4.1. United States 6.4.1.1. United States Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 6.4.1.1.1. Single-Stage 6.4.1.1.2. Multi -Stage 6.4.1.1.3. Thermocycler 6.4.1.2. United States Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 6.4.1.2.1. Refrigeration System 6.4.1.2.1.1. Refrigerators 6.4.1.2.1.2. Freezers 6.4.1.2.2. Cooling System 6.4.1.2.2.1. Air Conditioners 6.4.1.2.2.2. Chillers 6.4.1.3. United States Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 6.4.1.3.1. Medical 6.4.1.3.2. Automotive 6.4.1.3.3. Consumer 6.4.1.3.4. Semiconductor and Electronics 6.4.1.3.5. Others 6.4.2. Canada 6.4.2.1. Canada Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 6.4.2.1.1. Single-Stage 6.4.2.1.2. Multi -Stage 6.4.2.1.3. Thermocycler 6.4.2.2. Canada Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 6.4.2.2.1. Refrigeration System 6.4.2.2.1.1. Refrigerators 6.4.2.2.1.2. Freezers 6.4.2.2.2. Cooling System 6.4.2.2.2.1. Air Conditioners 6.4.2.2.2.2. Chillers 6.4.2.3. Canada Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 6.4.2.3.1. Medical 6.4.2.3.2. Automotive 6.4.2.3.3. Consumer 6.4.2.3.4. Semiconductor and Electronics 6.4.2.3.5. Others 6.4.3. Mexico 6.4.3.1. Mexico Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 6.4.3.1.1. Single-Stage 6.4.3.1.2. Multi -Stage 6.4.3.1.3. Thermocycler 6.4.3.2. Mexico Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 6.4.3.2.1. Refrigeration System 6.4.3.2.1.1. Refrigerators 6.4.3.2.1.2. Freezers 6.4.3.2.2. Cooling System 6.4.3.2.2.1. Air Conditioners 6.4.3.2.2.2. Chillers 6.4.3.3. Mexico Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 6.4.3.3.1. Medical 6.4.3.3.2. Automotive 6.4.3.3.3. Consumer 6.4.3.3.4. Semiconductor and Electronics 6.4.3.3.5. Others 7. Europe Solid-State Cooling Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 7.1. Europe Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.2. Europe Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.3. Europe Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4. Europe Solid-State Cooling Market Size and Forecast, by Country (2023-2030) 7.4.1. United Kingdom 7.4.1.1. United Kingdom Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.1.2. United Kingdom Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.1.3. United Kingdom Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.2. France 7.4.2.1. France Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.2.2. France Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.2.3. France Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.3. Germany 7.4.3.1. Germany Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Germany Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.3.3. Germany Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.4. Italy 7.4.4.1. Italy Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Italy Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.4.3. Italy Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.5. Spain 7.4.5.1. Spain Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Spain Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.5.3. Spain Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.6. Sweden 7.4.6.1. Sweden Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Sweden Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.7. Austria 7.4.7.1. Austria Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Austria Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.7.3. Austria Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 7.4.8. Rest of Europe 7.4.8.1. Rest of Europe Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Rest of Europe Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 7.4.8.3. Rest of Europe Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8. Asia Pacific Solid-State Cooling Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 8.1. Asia Pacific Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.2. Asia Pacific Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.3. Asia Pacific Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4. Asia Pacific Solid-State Cooling Market Size and Forecast, by Country (2023-2030) 8.4.1. China 8.4.1.1. China Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.1.2. China Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.1.3. China Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4.2. S Korea 8.4.2.1. S Korea Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.2.2. S Korea Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.2.3. S Korea Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4.3. Japan 8.4.3.1. Japan Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Japan Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.3.3. Japan Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4.4. India 8.4.4.1. India Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.4.2. India Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.4.3. India Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4.5. Australia 8.4.5.1. Australia Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.5.2. Australia Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.5.3. Australia Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4.6. ASEAN 8.4.6.1. ASEAN Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.6.2. ASEAN Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.6.3. ASEAN Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 8.4.7. Rest of Asia Pacific 8.4.7.1. Rest of Asia Pacific Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 8.4.7.2. Rest of Asia Pacific Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 8.4.7.3. Rest of Asia Pacific Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 9. South America Solid-State Cooling Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 9.1. South America Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 9.2. South America Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 9.3. South America Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 9.4. South America Solid-State Cooling Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 9.4.1.2. Brazil Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 9.4.1.3. Brazil Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 9.4.2.2. Argentina Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 9.4.2.3. Argentina Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest Of South America Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 9.4.3.2. Rest Of South America Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 9.4.3.3. Rest Of South America Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 10. Middle East and Africa Solid-State Cooling Market Size and Forecast by Segmentation (by Value USD Bn) (2023-2030) 10.1. Middle East and Africa Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 10.2. Middle East and Africa Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 10.3. Middle East and Africa Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 10.4. Middle East and Africa Solid-State Cooling Market Size and Forecast, by Country (2023-2030) 10.4.1. South Africa 10.4.1.1. South Africa Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 10.4.1.2. South Africa Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 10.4.1.3. South Africa Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 10.4.2. GCC 10.4.2.1. GCC Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 10.4.2.2. GCC Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 10.4.2.3. GCC Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 10.4.3. Rest Of MEA 10.4.3.1. Rest Of MEA Solid-State Cooling Market Size and Forecast, by Type (2023-2030) 10.4.3.2. Rest Of MEA Solid-State Cooling Market Size and Forecast, by Product (2023-2030) 10.4.3.3. Rest Of MEA Solid-State Cooling Market Size and Forecast, by End User (2023-2030) 11. Company Profile: Key Players 11.1. Advanced Thermoelectric 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis (Technological strengths and weaknesses) 11.1.5. Strategic Analysis (Recent strategic moves) 11.1.6. Recent Developments 11.2. Align Sourcing 11.3. AMS Technologies 11.4. Crystal Ltd. 11.5. Everredtronics 11.6. Ferrotec 11.7. Hicooltec Electronic 11.8. Inheco Industrial Heating & Cooling 11.9. Kelk Ltd. 11.10. Kryotherm 11.11. Laird Thermal Systems 11.12. LG Innotek 11.13. Merit Technology Group 11.14. Micropelt 11.15. O-Flexx Technologies 11.16. Phononic 11.17. Sheetak 11.18. Start-Up Ecosystem 11.19. TE Technology 11.20. TEC Microsystems 11.21. Thermion Company 11.22. Thermonamic Electronics 11.23. Wellen Technology 11.24. Others 12. Key Findings and Analyst Recommendations 12.1. Attractive Opportunities for Players in the Solid-State Cooling Market 13. Solid-State Cooling Market: Research Methodology
