Global Thermoelectric Coolers Market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 1.2 billion by 2030 from USD 0.8 billion in 2018. The market is driven by the increasing demand for thermoelectric coolers in various applications such as automotive, military, consumer electronics and healthcare among others.
Thermoelectric coolers are used in various applications such as automotive, military, consumer electronics and healthcare among others due to their ability to provide cooling without any moving parts or fluids which makes them more reliable than other cooling technologies such as air conditioners or refrigerators. Thermoelectric coolers are also energy efficient and can be used for long periods of time without any interruption which makes them suitable for use in remote locations where there is no access to electricity or water supply.
Some Of The Growth Factors Of This Market:
- Thermoelectric coolers are more efficient than traditional air conditioners and refrigerators.
- The demand for thermoelectric coolers is expected to increase as the global population continues to grow and the need for cooling increases.
- The cost of thermoelectric coolers is expected to decrease as production increases, which will make them more affordable for consumers in developing countries where they are currently too expensive for most people to afford.
- As the world's population continues to grow, there will be an increased need for cooling, which will drive up demand for thermoelectric coolers in both developed and developing countries alike.
- Thermoelectric coolers have a lower environmental impact than traditional air conditioner or refrigerator because they do not use any chemicals or produce any emissions during operation.
Industry Growth Insights published a new data on “Thermoelectric Coolers Market”. The research report is titled “Thermoelectric Coolers Market research by Types (Multi-Stage, Single-Stage, Thermocyclers), By Applications (Automobile, Military, Consumer Electronics, Healthcare, Industrial), By Players/Companies II-VI Incorporated, RMT, Kreazone, Beijing Huimao Cooling Equipment, Tellurex Corporation, Custom Thermoelectric, Phononic, TE Technology, Komatsu, Hicooltec, Laird, Thermion, Micropelt, Merit Technology Group”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoelectric Coolers Market Research Report
By Type
Multi-Stage, Single-Stage, Thermocyclers
By Application
Automobile, Military, Consumer Electronics, Healthcare, Industrial
By Companies
II-VI Incorporated, RMT, Kreazone, Beijing Huimao Cooling Equipment, Tellurex Corporation, Custom Thermoelectric, Phononic, TE Technology, Komatsu, Hicooltec, Laird, Thermion, Micropelt, 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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Thermoelectric Coolers Market Report Segments:
The global Thermoelectric Coolers market is segmented on the basis of:
Types
Multi-Stage, Single-Stage, Thermocyclers
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
Automobile, Military, Consumer Electronics, Healthcare, Industrial
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:
- II-VI Incorporated
- RMT
- Kreazone
- Beijing Huimao Cooling Equipment
- Tellurex Corporation
- Custom Thermoelectric
- Phononic
- TE Technology
- Komatsu
- Hicooltec
- Laird
- Thermion
- Micropelt
- Merit Technology Group
Highlights of The Thermoelectric Coolers 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:
- Multi-Stage
- Single-Stage
- Thermocyclers
- By Application:
- Automobile
- Military
- Consumer Electronics
- Healthcare
- Industrial
- 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 Coolers 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.
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- Correctly Positioning New Products
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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?
Thermoelectric coolers are a type of air conditioner that uses thermoelectricity to produce cooling. The heat from the compressor is used to create electricity, which is then used to power the fan and coil system. This technology is more efficient than traditional air conditioning systems, and it can be more cost effective as well.
Some of the major companies in the thermoelectric coolers market are II-VI Incorporated, RMT, Kreazone, Beijing Huimao Cooling Equipment, Tellurex Corporation, Custom Thermoelectric, Phononic, TE Technology, Komatsu, Hicooltec, Laird, Thermion, Micropelt, Merit Technology Group.
The thermoelectric coolers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoelectric Coolers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermoelectric Coolers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermoelectric Coolers Market - Supply Chain
4.5. Global Thermoelectric Coolers Market Forecast
4.5.1. Thermoelectric Coolers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermoelectric Coolers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermoelectric Coolers Market Absolute $ Opportunity
5. Global Thermoelectric Coolers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermoelectric Coolers Market Size and Volume Forecast by Type
5.3.1. Multi-Stage
5.3.2. Single-Stage
5.3.3. Thermocyclers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermoelectric Coolers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermoelectric Coolers Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Military
6.3.3. Consumer Electronics
6.3.4. Healthcare
6.3.5. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermoelectric Coolers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermoelectric Coolers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermoelectric Coolers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermoelectric Coolers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermoelectric Coolers Demand Share Forecast, 2019-2029
9. North America Thermoelectric Coolers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermoelectric Coolers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermoelectric Coolers Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Military
9.4.3. Consumer Electronics
9.4.4. Healthcare
9.4.5. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermoelectric Coolers Market Size and Volume Forecast by Type
9.7.1. Multi-Stage
9.7.2. Single-Stage
9.7.3. Thermocyclers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermoelectric Coolers Demand Share Forecast, 2019-2029
10. Latin America Thermoelectric Coolers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermoelectric Coolers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermoelectric Coolers Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Military
10.4.3. Consumer Electronics
10.4.4. Healthcare
10.4.5. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermoelectric Coolers Market Size and Volume Forecast by Type
10.7.1. Multi-Stage
10.7.2. Single-Stage
10.7.3. Thermocyclers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermoelectric Coolers Demand Share Forecast, 2019-2029
11. Europe Thermoelectric Coolers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermoelectric Coolers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermoelectric Coolers Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Military
11.4.3. Consumer Electronics
11.4.4. Healthcare
11.4.5. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermoelectric Coolers Market Size and Volume Forecast by Type
11.7.1. Multi-Stage
11.7.2. Single-Stage
11.7.3. Thermocyclers
11.8. Basis Point Shar (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermoelectric Coolers Demand Share, 2019-2029
12. Asia Pacific Thermoelectric Coolers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermoelectric Coolers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermoelectric Coolers Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Military
12.4.3. Consumer Electronics
12.4.4. Healthcare
12.4.5. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermoelectric Coolers Market Size and Volume Forecast by Type
12.7.1. Multi-Stage
12.7.2. Single-Stage
12.7.3. Thermocyclers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermoelectric Coolers Demand Share, 2019-2029
13. Middle East & Africa Thermoelectric Coolers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermoelectric Coolers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermoelectric Coolers Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Military
13.4.3. Consumer Electronics
13.4.4. Healthcare
13.4.5. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermoelectric Coolers Market Size and Volume Forecast by Type
13.7.1. Multi-Stage
13.7.2. Single-Stage
13.7.3. Thermocyclers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermoelectric Coolers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Thermoelectric Coolers Market: Market Share Analysis
14.2. Thermoelectric Coolers Distributors and Customers
14.3. Thermoelectric Coolers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. II-VI Incorporated
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RMT
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kreazone
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Beijing Huimao Cooling Equipment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tellurex Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Custom Thermoelectric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Phononic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TE Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Komatsu
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hicooltec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Laird
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Thermion
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Micropelt
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Merit Technology Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
