Global Solid State Cooling Market 2023-2027

Global Solid State Cooling Market 2023-2027

Technavio has been monitoring the solid state cooling market and is forecast to grow by USD 338.5 mn during 2022-2027, accelerating at a CAGR of 8.7% during the forecast period. Our report on the solid state cooling market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by energy efficiency in solid state cooling technology, increasing demand in various industries, and environmental sustainability for solid state cooling.

Technavio's solid state cooling market is segmented as below:

By Type

  • Single stage
  • Multi stage
By End-user
  • Automotive
  • Semiconductor and electronics
  • Healthcare
  • Consumer
By Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the advancements in thermoelectric technology as one of the prime reasons driving the solid state cooling market growth during the next few years. Also, increasing adoption in electronics cooling and growing demand for food and beverage cooling will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the solid state cooling market covers the following areas:
  • Solid state cooling market sizing
  • Solid state cooling market forecast
  • Solid state cooling market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading solid state cooling market vendors that include AMS Technologies AG, Antylia Scientific, II VI Inc., CustomChill Inc., EVERREDtronics, Ferrotec Holdings Corp., Hi Z Technology, Komatsu Ltd., Kryotherm, P and N Technology Xiamen Co. Ltd., Phononic, RMT Ltd., Solid State Cooling Systems, Spectra Lab Instruments Pvt. Ltd., Thermonamic Electronics Jiangxi Corp. Ltd., Wellen Technology Co. Ltd., Z MAX Co. Ltd., Laird Thermal Systems Inc., Merit Technology Group, and TEC Microsystems GmbH. Also, the solid state cooling market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global solid state cooling market 2017 - 2021
      • Table Historic Market Size – Data Table on Global solid state cooling market 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • End-user Segment Analysis 2017 - 2021
      • Table Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Single stage - Market size and forecast 2022-2027
      • Table Chart on Single stage - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Single stage - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Single stage - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Single stage - Year-over-year growth 2022-2027 (%)
    • Multi stage - Market size and forecast 2022-2027
      • Table Chart on Multi stage - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Multi stage - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Multi stage - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Multi stage - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2022-2027 (%)
      • Table Data Table on End-user - Market share 2022-2027 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Automotive - Market size and forecast 2022-2027
      • Table Chart on Automotive - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Automotive - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Automotive - Year-over-year growth 2022-2027 (%)
    • Semiconductor and electronics - Market size and forecast 2022-2027
      • Table Chart on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
    • Healthcare - Market size and forecast 2022-2027
      • Table Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • Consumer - Market size and forecast 2022-2027
      • Table Chart on Consumer - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Consumer - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Consumer - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Consumer - Year-over-year growth 2022-2027 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • South Korea - Market size and forecast 2022-2027
      • Table Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Table Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Energy efficiency in solid state cooling technology
      • Increasing demand in various industries
    • Market challenges
      • High cost of solid state cooling technology
      • Manufacturing complexity
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Advancements in thermoelectric technology
      • Increasing adoption in electronics cooling
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AMS Technologies AG
      • Table AMS Technologies AG - Overview
      • Table AMS Technologies AG - Product / Service
      • Table AMS Technologies AG - Key offerings
    • Antylia Scientific
      • Table Antylia Scientific - Overview
      • Table Antylia Scientific - Product / Service
      • Table Antylia Scientific - Key news
      • Table Antylia Scientific - Key offerings
    • CustomChill Inc.
      • Table CustomChill Inc. - Overview
      • Table CustomChill Inc. - Product / Service
      • Table CustomChill Inc. - Key offerings
    • Ferrotec Holdings Corp.
      • Table Ferrotec Holdings Corp. - Overview
      • Table Ferrotec Holdings Corp. - Business segments
      • Table Ferrotec Holdings Corp. - Key news
      • Table Ferrotec Holdings Corp. - Key offerings
      • Table Ferrotec Holdings Corp. - Segment focus
    • II VI Inc.
      • Table II VI Inc. - Overview
      • Table II VI Inc. - Business segments
      • Table II VI Inc. - Key news
      • Table II VI Inc. - Key offerings
      • Table II VI Inc. - Segment focus
    • Komatsu Ltd.
      • Table Komatsu Ltd. - Overview
      • Table Komatsu Ltd. - Business segments
      • Table Komatsu Ltd. - Key news
      • Table Komatsu Ltd. - Key offerings
      • Table Komatsu Ltd. - Segment focus
    • Kryotherm
      • Table Kryotherm - Overview
      • Table Kryotherm - Product / Service
      • Table Kryotherm - Key offerings
    • Laird Thermal Systems Inc.
      • Table Laird Thermal Systems Inc. - Overview
      • Table Laird Thermal Systems Inc. - Product / Service
      • Table Laird Thermal Systems Inc. - Key offerings
    • Merit Technology Group
      • Table Merit Technology Group - Overview
      • Table Merit Technology Group - Product / Service
      • Table Merit Technology Group - Key offerings
    • RMT Ltd.
      • Table RMT Ltd. - Overview
      • Table RMT Ltd. - Product / Service
      • Table RMT Ltd. - Key offerings
    • Solid State Cooling Systems
      • Table Solid State Cooling Systems - Overview
      • Table Solid State Cooling Systems - Product / Service
      • Table Solid State Cooling Systems - Key offerings
    • Spectra Lab Instruments Pvt. Ltd.
      • Table Spectra Lab Instruments Pvt. Ltd. - Overview
      • Table Spectra Lab Instruments Pvt. Ltd. - Product / Service
      • Table Spectra Lab Instruments Pvt. Ltd. - Key offerings
    • TEC Microsystems GmbH
      • Table TEC Microsystems GmbH - Overview
      • Table TEC Microsystems GmbH - Product / Service
      • Table TEC Microsystems GmbH - Key offerings
    • Thermonamic Electronics Jiangxi Corp. Ltd.
      • Table Thermonamic Electronics Jiangxi Corp. Ltd. - Overview
      • Table Thermonamic Electronics Jiangxi Corp. Ltd. - Product / Service
      • Table Thermonamic Electronics Jiangxi Corp. Ltd. - Key offerings
    • Z MAX Co. Ltd.
      • Table Z MAX Co. Ltd. - Overview
      • Table Z MAX Co. Ltd. - Product / Service
      • Table Z MAX Co. Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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