Solid-State Cooling Market - Industry Analysis and Market Forecast to 2024

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MarketsandMarkets Presents

Solid-State Cooling Market - Industry Analysis
and Market Forecast to 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-Rep
orts/solid-state-cooling-market-99786622.html
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The global solid-state cooling market 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 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 electrononics. higher costing
than conventional cooling and refrigeration
systems among the key factors restraining the
growth of the market. 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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Solid-State Cooling Market, by Product, for
Air-Conditioners to Grow at 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). In the Peltier
effect, a temperature difference is created by
transferring heat between 2 electrical junctions.
The temperature difference is created by the
thermoelectric elements between the internal and
external ambient heat sinks making internal air
cooler while dissipating heat into the external
environment. Ask PDF Brochure https//www.market
sandmarkets.com/pdfdownloadNew.asp?id99786622 So
lid-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 construction of a multi-stage module is
usually of a pyramidal typeeach lower stage is
bigger than the upper stage. Once the top stage
is used for cooling, the lower stage requires a
greater cooling capacity to pump heat that is
dissipated from the upper stage. The multi-stage
thermoelectric coolers are designed for medium to
high heat pumping capacity requirements.
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APAC to Hold Largest Market Share During Forecast
Period The solid-state cooling market in APAC
comprises China, Japan, South Korea, and the Rest
of Asia Pacific, which includes Australia, India,
New Zealand, Singapore, Thailand, Malaysia,
Indonesia, the Philippines, and Taiwan. This
region is estimated to account for the largest
share in the global solid-state cooling market in
2019. 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. Growing
industrialization and infrastructural
developments, and stringent government
regulations pertaining to energy sustainability
are among the major drivers of this market. 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. This
is because China has advantages in thermoelectric
production due to its extensive research base,
cheap labor, and overhead costs, as well as
manufacturing infrastructure. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id99786622 Key Market
Players 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).
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TE Technology (US) TE Technology is experienced
in designing cooling products and cold plates for
laboratory, laser, aerospace, telecommunications,
industrial, and commercial applications. With
more than 40 years of experience, the company has
a wide range of heat sinks, thermoelectric
modules, and vapor seals with special
optimization. The company provides packages for
thermoelectric assembly design, manufacturing,
testing, and production. The company provides
complete assembly in custom design with regard to
the applications requirements, mainly in
temperature, size, weight, and power consumption.
TE Technology designs and sells a wide range of
test equipment. TE Technology carries out an
exclusive series of tests that make sure that all
assemblies are custom fit and efficient. TE
Technology provides Peltier heat sinks, standard
thermoelectric coolers, custom thermoelectric
coolers, and solutions related to thermal
management applications for the needs of large-,
medium-, and small-scale companies. TE Technology
offers thermoelectric coolers for a variety of
applications. Ferrotec Corporation (US) The
company designs and manufactures general-purpose,
deep-cooling, customized thermoelectric modules.
In addition, the company provides sales and
technical support for commercial and technical
requirements related to thermoelectric modules
across the world. As the company offers more than
136 different types of thermoelectric modules
including multistage and custom modules in
various shapes and sizes, the companys
general-purpose thermoelectric modules are used
for a wide range of cooling and precision
temperature control applications. Deep-cooling
multi-stage thermoelectric modules are suitable
for low-temperature applications such as in
infrared (IR) detectors, charge-coupled device
(CCD) arrays, and electro-optics. The demand for
the companys products is high in telecom,
biomedical, automotive, power generation
industries, as well as in instrumentation and
consumer electronic applications.
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