Solid-State Cooling Market to Grow at Highest CAGR between 2019-2024

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MarketsandMarkets Presents

Solid-State Cooling Market to Grow at Highest
CAGR between 2019-2024 Solid-State Cooling
Market by Product (Refrigeration System and
Cooling System), Type (Single Stage, Multi Stage,
and Thermocycler), End-User Industry (Automotive,
Semiconductor and Electronics, Healthcare,
Consumer), Region - Global Forecast to 2024
https//www.marketsandmarkets.com/Market-Reports
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The report "Solid-State Cooling Market by
Product (Refrigeration System and Cooling
System), Type (Single Stage, Multi Stage, and
Thermocycler), End-User Industry (Automotive,
Semiconductor and Electronics, Healthcare,
Consumer), Region - Global Forecast to 2024", is
estimated to grow from USD 395 million in 2019 to
USD 641 million by 2024, at a CAGR of 10.2.
Major factors driving the solid-state cooling
market 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. Browse 62 market data
Tables and 39 Figures spread through 146 Pages
and in-depth TOC on "Solid-State Cooling Market -
Global Forecast to 2024"
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Healthcare segment to hold largest share of
solid-state cooling market, by end-user industry,
during forecast period Healthcare and Life
Sciences are mainly segmented into patient care,
drug and vaccine management, and diagnostic and
research laboratories. The solid-state
thermoelectric coolers provide reliable cooling
for PCR applications that require fast thermal
ramp rates, ability to perform multiple cycling
protocols to detect multiple targets in a single
cycle test, and real-time detection controls.
Medical lasers are commonly used in hospitals,
outpatient surgical centers, and diagnostic
centers. These lasers are used in cosmetic,
arthroscopic, and general surgery, among others.
Thermoelectric cooling systems that are used in
medical imaging systems provide detailed images
on the structure of a body in multiple
topographies. Ask PDF Brochure https//www.mark
etsandmarkets.com/pdfdownloadNew.asp?id99786622
There are 3 main types of imaging systems CT
scan, PET scan, and MRI. CT and PET scanners use
ion radiation created by X-rays to capture
topographical images and MRIs use magnetic and
radio frequency fields. Liquid cooling systems
(LCS) allow for optimal temperature stabilization
for precise temperature control in these types of
medical imaging systems. LCS offers higher
efficiency than air-based heat exchangers and
provides more rapid cooling and higher
reliability.
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Solid-State Cooling Market for Refrigeration
Systems in North America to Grow at Higher CAGR
During Forecast Period The US is estimated to
lead the North American solid-state cooling
market. Beverage coolers, medical freezers, and
several other devices that work on thermoelectric
modules have a greater demand in this country.
Government organizations are supporting and
increasing awareness through awards and
recognitions of solid-state cooling systems that
are used for various industries and other
applications such as medical refrigeration and
medical laboratories. Prominent players in the US
includes II-VI Marlow (US), TE technology (US),
Phononic (US), Hi-Z Technology (US), Align
Sourcing (US), and Advanced Thermoelectric
(US). Request Free Sample Pages https//www.mark
etsandmarkets.com/requestsampleNew.asp?id99786622
China to Hold Largest Share of Solid-State
Cooling Market in APAC During Forecast Period The
solid-state cooling market in China is estimated
to grow at the highest CAGR as it homes a few key
manufacturers of solid-state cooling systems in
the country such as Thermonamic Electronics
(Jiangxi, China), EVERREDtronics (China), Hui Mao
(China), Hicooltec Electronic (China), Merit
Technology Group (China), and Wellen Technology
(China). There is a huge demand in the
solid-state cooling industry for beverage coolers
and freezers, along with chillers and wine
cabinets. Chinese companies offer solid-state
cooling systems at a low rate as compared with
other competitors.
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Key players operating in the solid-state cooling
market are 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 PN
Technology (China). Other key players include
Everredtronics. (China), Micropelt (Germany),
Hi-Z Technology (US), HUI MAO (China), Hicooltec
Electronic (China), Merit Technology Group
(China), LG Innotek (China), Align Sourcing (US),
AMS Technologies (Germany), Inheco Industrial
Heating Cooling (Germany), CUI Inc. (US),
Wellen Technology (US), Advanced Thermoelectric
(US), and Sheetak (US). Browse and in-depth TOC
on "Solid-State Cooling Market " 62 - Tables 39 -
Figures 146 - Pages
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