Solid State Cooling Market Size, Share & Trends Analysis Report By Product (Refrigeration Systems, Cooling Systems), By Type (Single Stage, Multi-Stage), By End-use (Consumer Electronics, Healthcare), By Technology, By Region, And Segment Forecasts, 2024 - 2030
Solid State Cooling Market Size & Trends
The global solid state cooling market size was estimated at USD 788.0 million in 2023 and is anticipated to grow at a CAGR of 6.2% from 2024 to 2030. The increasing demand for energy-efficient cooling solutions, coupled with the growing adoption of advanced cooling technologies in various industries, is driving the growth of the market. Solid state cooling systems, which include thermoelectric and magnetic refrigeration technologies, offer significant advantages such as high efficiency, low maintenance, and environmental friendliness compared to traditional cooling methods.
The demand for solid state cooling systems is further fueled by the rising need for compact and portable cooling solutions in consumer electronics, healthcare, and automotive industries. Additionally, advancements in thermoelectric materials and the development of innovative cooling technologies are expected to further propel market growth.
Solid state cooling systems are essential for various applications across different industries due to their ability to provide efficient and reliable cooling without the use of moving parts or refrigerants. These systems are widely used in consumer electronics, healthcare, automotive, and other industries for precise temperature control and cooling.
The solid-state cooling systems market is set to grow as advancements in materials science and thermoelectric cooling technologies continue. Innovations to improve efficiency and reduce costs could address current limitations and open new applications. The integration of IoT and smart technologies for enhanced performance monitoring and control is also expected to play a key role in the evolution of this market
Global Solid State Cooling Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global solid state cooling market report based on product, type, end use, technology, and region:
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Refrigeration Systems
- Cooling Systems
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Single Stage
- Multi-Stage
- Thermocycler
- End use Outlook (Revenue, USD Million, 2018 - 2030)
- Consumer Electronics
- Healthcare
- Automotive
- Others
- Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Electrocaloric Cooling
- Magnetocaloric Cooling
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR’s Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- Chapter 3. Solid State Cooling Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Concentration & Penetration Outlook
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Drivers Analysis
- 3.6.2. Market Restraints Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Solid State Cooling Market Analysis Tools
- 3.7.1. Porter’s Five Forces Analysis
- 3.7.1.1. Bargaining power of the suppliers
- 3.7.1.2. Bargaining power of the buyers
- 3.7.1.3. Threats of substitution
- 3.7.1.4. Threats from new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political landscape
- 3.7.2.2. Economic and Social landscape
- 3.7.2.3. Technological landscape
- 3.7.2.4. Environmental landscape
- 3.7.2.5. Legal landscape
- 3.8. Economic Mega Trend Analysis
- Chapter 4. Solid State Cooling Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Solid State Cooling Market: Product Movement Analysis, USD Million, 2023 & 2030
- 4.3. Refrigeration Systems
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Cooling Systems
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 5. Solid State Cooling Market: type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Solid State Cooling Market: type Movement Analysis, USD Million, 2023 & 2030
- 5.3. Single Stage
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Multi-Stage
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Thermocycler
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 6. Solid State Cooling Market: End use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Solid State Cooling Market: End use Movement Analysis, USD Million, 2023 & 2030
- 6.3. Consumer Electronics
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Healthcare
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Automotive
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Others
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Solid State Cooling Market: Technology Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Solid State Cooling Market: Technology Movement Analysis, USD Million, 2023 & 2030
- 7.3. Thermoelectric Cooling
- 7.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Electrocaloric Cooling
- 7.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Magnetocaloric Cooling
- 7.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 8. Solid State Cooling Market: Region Estimates & Trend Analysis
- 8.1. Solid State Cooling Market Share, By Region, 2023 & 2030, USD Million
- 8.2. North America
- 8.2.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.2.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.2.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.2.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.2.6. U.S.
- 8.2.6.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.6.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.2.6.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.2.6.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.2.6.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.2.7. Canada
- 8.2.7.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.7.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.2.7.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.2.7.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.2.7.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.2.8. Mexico
- 8.2.8.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.8.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.2.8.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.2.8.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.2.8.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.3.4. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.3.5. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.3.6. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3.7. UK
- 8.3.7.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.7.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.3.7.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.3.7.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.3.7.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3.8. Germany
- 8.3.8.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.8.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.3.8.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.3.8.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.3.8.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3.9. France
- 8.3.9.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.9.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.3.9.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.3.9.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.3.9.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3.10. Italy
- 8.3.10.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.10.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.3.10.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.3.10.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.3.10.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3.11. Spain
- 8.3.11.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.11.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.3.11.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.3.11.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.3.11.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.3.11.6.
- 8.4. Asia Pacific
- 8.4.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.4.4. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.4.5. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.4.6. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.4.7. China
- 8.4.7.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.7.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.4.7.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.4.7.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.4.7.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.4.8. India
- 8.4.8.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.8.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.4.8.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.4.8.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.4.8.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.4.9. Japan
- 8.4.9.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.9.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.4.9.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.4.9.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.4.9.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.4.10. South Korea
- 8.4.10.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.10.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.4.10.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.4.10.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.4.10.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.4.11. Australia
- 8.4.11.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.11.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.4.11.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.4.11.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.4.11.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.5.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.5.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.5.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.5.6. Brazil
- 8.5.6.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.6.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.5.6.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.5.6.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.5.6.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.5.7. Argentina
- 8.5.7.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.7.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.5.7.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.5.7.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.5.7.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.6.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.6.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.6.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.6.6. Saudi Arabia
- 8.6.6.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.6.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.6.6.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.6.6.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.6.6.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- 8.6.7. UAE
- 8.6.7.1. Solid State Cooling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.7.2. Solid State Cooling Market Estimates and Forecasts by product, 2018 - 2030 (USD Million)
- 8.6.7.3. Solid State Cooling Market Estimates and Forecasts by type, 2018 - 2030 (USD Million)
- 8.6.7.4. Solid State Cooling Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 8.6.7.5. Solid State Cooling Market Estimates and Forecasts by technology, 2018 - 2030 (USD Million)
- Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Market Share Analysis, 2023
- 9.5. Company Heat Map Analysis, 2023
- 9.6. Strategy Mapping
- 9.7. Company Profiles
- 9.7.1. Phononic, Inc.
- 9.7.1.1. Participant’s Overview
- 9.7.1.2. Financial Performance
- 9.7.1.3. Product Benchmarking
- 9.7.1.4. Strategic Initiatives
- 9.7.2. Laird Thermal Systems, Inc.
- 9.7.2.1. Participant’s Overview
- 9.7.2.2. Financial Performance
- 9.7.2.3. Product Benchmarking
- 9.7.2.4. Strategic Initiatives
- 9.7.3. II-VI Incorporated
- 9.7.3.1. Participant’s Overview
- 9.7.3.2. Financial Performance
- 9.7.3.3. Product Benchmarking
- 9.7.3.4. Strategic Initiatives
- 9.7.4. Ferrotec Holdings Corporation
- 9.7.4.1. Participant’s Overview
- 9.7.4.2. Financial Performance
- 9.7.4.3. Product Benchmarking
- 9.7.4.4. Strategic Initiatives
- 9.7.5. Kryotherm
- 9.7.5.1. Participant’s Overview
- 9.7.5.2. Financial Performance
- 9.7.5.3. Product Benchmarking
- 9.7.5.4. Strategic Initiatives
- 9.7.6. Delta Eletronics, Inc.
- 9.7.6.1. Participant’s Overview
- 9.7.6.2. Financial Performance
- 9.7.6.3. Product Benchmarking
- 9.7.6.4. Strategic Initiatives
- 9.7.7. Coheretn Corp.
- 9.7.7.1. Participant’s Overview
- 9.7.7.2. Financial Performance
- 9.7.7.3. Product Benchmarking
- 9.7.7.4. Strategic Initiatives
- 9.7.8. CUI Devices
- 9.7.8.1. Participant’s Overview
- 9.7.8.2. Financial Performance
- 9.7.8.3. Product Benchmarking
- 9.7.8.4. Strategic Initiatives
- 9.7.9. Micropelt GmbH
- 9.7.9.1. Participant’s Overview
- 9.7.9.2. Financial Performance
- 9.7.9.3. Product Benchmarking
- 9.7.9.4. Strategic Initiatives
- 9.7.10. Thermion Company
- 9.7.10.1. Participant’s Overview
- 9.7.10.2. Financial Performance
- 9.7.10.3. Product Benchmarking
- 9.7.10.4. Strategic Initiatives
- 9.7.11. RMT Ltd.
- 9.7.11.1. Participant’s Overview
- 9.7.11.2. Financial Performance
- 9.7.11.3. Product Benchmarking
- 9.7.11.4. Strategic Initiatives
- 9.7.12. Mercury Systems, Inc.
- 9.7.12.1. Participant’s Overview
- 9.7.12.2. Financial Performance
- 9.7.12.3. Product Benchmarking
- 9.7.12.4. Strategic Initiatives
- 9.7.13. Crystal Ltd.
- 9.7.13.1. Participant’s Overview
- 9.7.13.2. Financial Performance
- 9.7.13.3. Product Benchmarking
- 9.7.13.4. Strategic Initiatives
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