Market Overview:
The global thermoelectric cooler market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturization and portability in consumer electronics, rising demand for energy-efficient cooling solutions in communication and medical applications, and growing adoption of thermoelectric coolers in automotive and industrial applications. Based on type, the global thermoelectric cooler market is segmented into single stage modules, multiple modules, and others (micromodules, etc.). Single stage modules are expected to account for the largest share of the global thermoelectric cooler market in 2018. This segment is projected to grow at a CAGR of 8% from 2018 to 2030 due to its high efficiency and low cost. Based on application, the global thermoelectric cooler market is segmented into consumer electronics, communication, medical experimentations & diagnostics equipment cooling systems car industry commercial refrigeration & freezing systems aerospace defense Others (including military ground vehicles). Consumer electronics held the largest share of this application category in 2017 owing to rising demand for portable devices such as laptops tablets smartphones gaming consoles etc.
Product Definition:
A thermoelectric cooler is a device that uses the Peltier effect to create a temperature difference between its two sides. The cooler can be used to cool an object, or to produce heat.
Single Stage Module:
Single-stage module (SSM) is a type of switching power supply that provides regulated and filtered DC output voltages. Single-stage modules are used in various electronic devices such as charge coupled devices (CCDs), image sensors, and others. The growing demand for portable consumer electronics including smartphones, tablets, cameras, etc., has led to an increase in the use of single stage modules across the globe.
Multiple Modules:
Multiple modules are a type of packaging used to distribute the heat load more uniformly. They are widely used in industrial applications such as power generation and oil & gas processing. The multiple module approach is also applicable for commercial HVAC applications, where it can be utilized to provide high-temperature insulation solutions with improved mechanical performance and reduced space requirements.
Application Insights:
The market is segmented based on application into consumer electronics, communication, medical experiment, car, industrial and aerospace defense and other applications. The other applications include food & beverage processing equipment and semiconductor packaging. Thermoelectric cooler is widely used in the automotive industry as it helps maintain engine temperature within normal limits by reducing the vehicle¢â‚¬â„¢s exposure to heat generated by friction between different parts of an automobile. It also helps reduce fuel consumption by maintaining a constant temperature in the engine compartment which reduces power loss due to friction. In-vehicle thermoelectric coolers are expected to witness significant demand owing to its ability of reducing power loss caused due to heat generation while driving through extensive use in automobiles for cooling purposes over the forecast period.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to the presence of major players such as General Electric, Emerson Electric Co., and Furmanite. The increasing demand for small and large size TECs for cooling applications in various end-use industries such as medical, automotive, aerospace defense has driven regional market growth. Moreover, growing use of these products for refrigeration in food storage facilities is anticipated to drive their demand further.
Growth Factors:
- Increasing demand for thermoelectric coolers from the automotive sector on account of stringent emission norms and fuel efficiency requirements.
- Growing popularity of thermoelectric coolers in data centers owing to their ability to provide high cooling capacity while consuming low power.
- Rising demand for thermoelectric coolers in the medical sector as a result of increasing number of surgical procedures that require precise temperature control.
- Proliferation of portable electronic devices such as smartphones and tablets, which are fuelling the demand for small and lightweight thermoelectric coolers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Cooler Market Research Report
By Type
Single Stage Module, Multiple Modules, Others (Micromodules, Etc.)
By Application
Consumer Electronics, Communication, Medical Experiment, Car, Industrial, Aerospace Defense, Other
By Companies
Ferrotec, II-VI Marlow, KELK Ltd., Laird Thermal Systems, Z-MAX, RMT Ltd., Guangdong Fuxin Technology, Thermion Company, Crystal Ltd, CUI Devices, Kryotherm Industries, Phononic, Merit Technology Group, TE Technology, KJLP electronics co., ltd, Thermonamic Electronics
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
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Cooler Market Report Segments:
The global Thermoelectric Cooler market is segmented on the basis of:
Types
Single Stage Module, Multiple Modules, Others (Micromodules, Etc.)
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
Consumer Electronics, Communication, Medical Experiment, Car, Industrial, Aerospace Defense, Other
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:
- Ferrotec
- II-VI Marlow
- KELK Ltd.
- Laird Thermal Systems
- Z-MAX
- RMT Ltd.
- Guangdong Fuxin Technology
- Thermion Company
- Crystal Ltd
- CUI Devices
- Kryotherm Industries
- Phononic
- Merit Technology Group
- TE Technology
- KJLP electronics co., ltd
- Thermonamic Electronics
Highlights of The Thermoelectric 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 Stage Module
- Multiple Modules
- Others (Micromodules, Etc.)
- By Application:
- Consumer Electronics
- Communication
- Medical Experiment
- Car
- Industrial
- Aerospace Defense
- Other
- 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 Thermoelectric 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?
A thermoelectric cooler is a device that uses the principles of thermodynamics to reduce the temperature of an object. The cooler works by using a heat source (such as a stovetop or electric fan) to transfer energy to a cold object, such as ice, and then using that energy to cool the object.
Some of the key players operating in the thermoelectric cooler market are Ferrotec, II-VI Marlow, KELK Ltd., Laird Thermal Systems, Z-MAX, RMT Ltd., Guangdong Fuxin Technology, Thermion Company, Crystal Ltd, CUI Devices, Kryotherm Industries, Phononic, Merit Technology Group, TE Technology, KJLP electronics co., ltd, Thermonamic Electronics.
The thermoelectric cooler market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermoelectric 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 Thermoelectric Cooler Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoelectric 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 Thermoelectric 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 Thermoelectric Cooler Market Size & Forecast, 2020-2028
4.5.1 Thermoelectric Cooler Market Size and Y-o-Y Growth
4.5.2 Thermoelectric Cooler Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Stage Module
5.2.2 Multiple Modules
5.2.3 Others (Micromodules
5.2.4 Etc.)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Communication
6.2.3 Medical Experiment
6.2.4 Car
6.2.5 Industrial
6.2.6 Aerospace Defense
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoelectric 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 Thermoelectric 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Stage Module
9.6.2 Multiple Modules
9.6.3 Others (Micromodules
9.6.4 Etc.)
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 Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Communication
9.10.3 Medical Experiment
9.10.4 Car
9.10.5 Industrial
9.10.6 Aerospace Defense
9.10.7 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Stage Module
10.6.2 Multiple Modules
10.6.3 Others (Micromodules
10.6.4 Etc.)
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 Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Communication
10.10.3 Medical Experiment
10.10.4 Car
10.10.5 Industrial
10.10.6 Aerospace Defense
10.10.7 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Stage Module
11.6.2 Multiple Modules
11.6.3 Others (Micromodules
11.6.4 Etc.)
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 Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Communication
11.10.3 Medical Experiment
11.10.4 Car
11.10.5 Industrial
11.10.6 Aerospace Defense
11.10.7 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Stage Module
12.6.2 Multiple Modules
12.6.3 Others (Micromodules
12.6.4 Etc.)
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 Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Communication
12.10.3 Medical Experiment
12.10.4 Car
12.10.5 Industrial
12.10.6 Aerospace Defense
12.10.7 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Stage Module
13.6.2 Multiple Modules
13.6.3 Others (Micromodules
13.6.4 Etc.)
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) Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Communication
13.10.3 Medical Experiment
13.10.4 Car
13.10.5 Industrial
13.10.6 Aerospace Defense
13.10.7 Other
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 Thermoelectric Cooler Market: Competitive Dashboard
14.2 Global Thermoelectric Cooler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ferrotec
14.3.2 II-VI Marlow
14.3.3 KELK Ltd.
14.3.4 Laird Thermal Systems
14.3.5 Z-MAX
14.3.6 RMT Ltd.
14.3.7 Guangdong Fuxin Technology
14.3.8 Thermion Company
14.3.9 Crystal Ltd
14.3.10 CUI Devices
14.3.11 Kryotherm Industries
14.3.12 Phononic
14.3.13 Merit Technology Group
14.3.14 TE Technology
14.3.15 KJLP electronics co., ltd
14.3.16 Thermonamic Electronics
