Market Overview:
The global Peltier electronic cooler market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for miniaturization and higher efficiency in various applications, such as medical, automotive industry, aerospace, defense and others. In terms of type, the single module segment is expected to hold a larger share of the global Peltier electronic cooler market during the forecast period. This can be attributed to its low cost and easy installation.
Product Definition:
A Peltier electronic cooler is a device that uses electricity to create a temperature difference between two sides of the device. One side is cooled while the other is warmed. This type of cooler can be used to cool small electronics or to provide heating in cold environments.
Single Module:
Single module Peltier electronic cooler is a device that helps to decrease the temperature of one side of an thermopile and increase the other side thus creating a imbalance in heat transfer. This device finds its application in data storage as it provides better cooling capacity at low power consumption. It also has applications in solar thermal energy conversion, light dimmer, laser driver IC etc.
Dual Module:
Dual module is a circuit that has two independent power supplies. One of the power supply is used to provide +5V and the other one provides -12V. This dual module circuit works on the principle of thermoelectric effect, where heat generated by one module can be used to cool down another module which generates heat.
Application Insights:
The market is segmented by application into the automotive industry, aerospace, defense and medical industry. The automotive application segment accounted for a major share in 2016 owing to rising demand for Peltier coolers from passenger cars and commercial vehicles. The growing importance of these devices in the cooling systems of vehicles has led to an increase in their demand as component replacements or retrofit kits for existing machines.
The medical industry also holds promising growth prospects due to increasing usage of peltier coolers during surgical procedures and other healthcare processes such as dentistry, ophthalmology, optometry and podiatry among others. In addition, these devices are used across various end-use industries including food & beverage processing where they are used to chill beverages down quickly without the need for ice cubes or any other form of dilution which is expected to drive their demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as aerospace, defense, medical, industrial machinery and others. China is projected to remain a key manufacturing hub for various electronic products owing to low labor cost and easy availability of raw materials such as aluminum foil. This factor is anticipated to propel the regional product demand in near future.
The automotive industry has witnessed significant growth across all regions with an emphasis on developing economies including India, Brazil and Russia among others where increasing per capita income levels are fueling consumer spending on passenger cars including two-wheelers.
Growth Factors:
- Increasing demand for electronic devices
- Rising disposable income of consumers
- Technological advancements in Peltier cooler products
- Growing awareness about energy-efficient cooling solutions
- Rising popularity of miniaturized and portable devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Peltier Electronic Cooler Market Research Report
By Type
Single Module, Dual Module
By Application
Medical, Automotive Industry, Aerospace, Defense, Others
By Companies
Renesas, TE Technology, Ferrotec, KELK Ltd, Laird Thermal Systems, RMT Ltd, Hayashi Repic, Thermion Company, Crystal Ltd, CUI Devices, Renesas, Merit Technology Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Peltier Electronic Cooler Market Report Segments:
The global Peltier Electronic Cooler market is segmented on the basis of:
Types
Single Module, Dual Module
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Automotive Industry, Aerospace, Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Renesas
- TE Technology
- Ferrotec
- KELK Ltd
- Laird Thermal Systems
- RMT Ltd
- Hayashi Repic
- Thermion Company
- Crystal Ltd
- CUI Devices
- Renesas
- Merit Technology Group
Highlights of The Peltier Electronic Cooler Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Module
- Dual Module
- By Application:
- Medical
- Automotive Industry
- Aerospace
- Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Peltier Electronic Cooler Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Peltier Electronic Cooler is a device that uses Peltier technology to create and maintain a temperature difference between two surfaces. This allows the device to function as an electronic cooler.
Some of the key players operating in the peltier electronic cooler market are Renesas, TE Technology, Ferrotec, KELK Ltd, Laird Thermal Systems, RMT Ltd, Hayashi Repic, Thermion Company, Crystal Ltd, CUI Devices, Renesas, Merit Technology Group.
The peltier electronic cooler market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Peltier Electronic Cooler Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Peltier Electronic Cooler Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Peltier Electronic Cooler Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Peltier Electronic Cooler Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Peltier Electronic Cooler Market Size & Forecast, 2018-2028 4.5.1 Peltier Electronic Cooler Market Size and Y-o-Y Growth 4.5.2 Peltier Electronic Cooler Market Absolute $ Opportunity
Chapter 5 Global Peltier Electronic Cooler Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Peltier Electronic Cooler Market Size Forecast by Type
5.2.1 Single Module
5.2.2 Dual Module
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Peltier Electronic Cooler Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Peltier Electronic Cooler Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Automotive Industry
6.2.3 Aerospace
6.2.4 Defense
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Peltier Electronic Cooler Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Peltier Electronic Cooler Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Peltier Electronic Cooler Analysis and Forecast
9.1 Introduction
9.2 North America Peltier Electronic Cooler Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Peltier Electronic Cooler Market Size Forecast by Type
9.6.1 Single Module
9.6.2 Dual Module
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Peltier Electronic Cooler Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Automotive Industry
9.10.3 Aerospace
9.10.4 Defense
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Peltier Electronic Cooler Analysis and Forecast
10.1 Introduction
10.2 Europe Peltier Electronic Cooler Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Peltier Electronic Cooler Market Size Forecast by Type
10.6.1 Single Module
10.6.2 Dual Module
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Peltier Electronic Cooler Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Automotive Industry
10.10.3 Aerospace
10.10.4 Defense
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Peltier Electronic Cooler Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Peltier Electronic Cooler Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Peltier Electronic Cooler Market Size Forecast by Type
11.6.1 Single Module
11.6.2 Dual Module
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Peltier Electronic Cooler Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Automotive Industry
11.10.3 Aerospace
11.10.4 Defense
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Peltier Electronic Cooler Analysis and Forecast
12.1 Introduction
12.2 Latin America Peltier Electronic Cooler Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Peltier Electronic Cooler Market Size Forecast by Type
12.6.1 Single Module
12.6.2 Dual Module
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Peltier Electronic Cooler Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Automotive Industry
12.10.3 Aerospace
12.10.4 Defense
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Peltier Electronic Cooler Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Peltier Electronic Cooler Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Peltier Electronic Cooler Market Size Forecast by Type
13.6.1 Single Module
13.6.2 Dual Module
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Peltier Electronic Cooler Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Automotive Industry
13.10.3 Aerospace
13.10.4 Defense
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Peltier Electronic Cooler Market: Competitive Dashboard
14.2 Global Peltier Electronic Cooler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Renesas
14.3.2 TE Technology
14.3.3 Ferrotec
14.3.4 KELK Ltd
14.3.5 Laird Thermal Systems
14.3.6 RMT Ltd
14.3.7 Hayashi Repic
14.3.8 Thermion Company
14.3.9 Crystal Ltd
14.3.10 CUI Devices
14.3.11 Renesas
14.3.12 Merit Technology Group