Solid State Cooling Market size to grow by USD 338.5 million between 2022 and 2027; AMS Technologies AG, II VI Inc. among others, identified as key vendors - Technavio

NEW YORK, May 23, 2023 /PRNewswire/ -- The solid-state cooling market size is set to grow by USD 338.5 million from 2023 to 2027. However, the growth momentum will be progressing at a CAGR of 8.7% during the forecast period, according to Technavio. The solid-state cooling market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  AMS Technologies AG, Antylia Scientific, II VI Inc., CustomChill Inc., EVERREDtronics , Ferrotec Holdings Corp., Hi Z Technology, Komatsu Ltd., Kryotherm, P and N Technology Xiamen Co. Ltd., Phononic, RMT Ltd., Solid State Cooling Systems, Spectra Lab Instruments Pvt. Ltd., Thermonamic Electronics Jiangxi Corp. Ltd., Wellen Technology Co. Ltd., Z MAX Co. Ltd., Laird Thermal Systems Inc., Merit Technology Group, and TEC Microsystems GmbH are some of the major market participants. To know about the vendor offerings - Request a sample report

Solid State Cooling Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The solid state cooling market report covers the following areas:

• Solid State Cooling Market Size
• Solid State Cooling Market Trends
• Solid State Cooling Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

Market Drivers

• Energy efficiency in solid state cooling technology
• Increasing demand in various industries
• Environmental sustainability for solid state cooling

Market Trends

• Advancements in thermoelectric technology
• Increasing adoption in electronics cooling
• Growing demand for food and beverage cooling

Market Challenges

• High cost of solid state cooling technology
• Manufacturing complexity
• Competition from local vendors

To learn more about the global trends impacting the future of market research, download a PDF sample

Solid State Cooling Market 2023-2027: Segment Analysis

• Type 
• Single Stage: The single stage segment will contribute a major solid-state cooling market share. It is one of the key components of the market. 
• Multi Stage
• End-user 
• Automotive
• Semiconductor And Electronics
• Healthcare
• Consumer
• Geography 
• APAC: The APAC region is an important market for solid state cooling technology. 43% of market growth will originate fromAPAC
• North America
• Europe
• Middle East And Africa
• South America

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others Buy the Report

Solid State Cooling Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist solid-state cooling market growth during the next five years
• Estimation of the solid-state cooling market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the solid-state cooling market across APAC, North America, Europe, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of solid- state cooling market vendors

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global solid state cooling market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global solid state cooling market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Single stage - Market size and forecast 2022-2027
• Exhibit 34: Chart on Single stage - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Single stage - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Single stage - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Single stage - Year-over-year growth 2022-2027 (%)

• 6.4 Multi stage - Market size and forecast 2022-2027
• Exhibit 38: Chart on Multi stage - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Multi stage - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Multi stage - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Multi stage - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Automotive - Market size and forecast 2022-2027
• Exhibit 48: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.4 Semiconductor and electronics - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Semiconductor and electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Semiconductor and electronics - Year-over-year growth 2022-2027 (%)

• 7.5 Healthcare - Market size and forecast 2022-2027
• Exhibit 56: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

• 7.6 Consumer - Market size and forecast 2022-2027
• Exhibit 60: Chart on Consumer - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Consumer - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Consumer - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Consumer - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 64: Market opportunity by End-user ($ million)
• Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027
• Exhibit 107: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 AMS Technologies AG 
• Exhibit 119: AMS Technologies AG - Overview
• Exhibit 120: AMS Technologies AG - Product / Service
• Exhibit 121: AMS Technologies AG - Key offerings

• 12.4 Antylia Scientific 
• Exhibit 122: Antylia Scientific - Overview
• Exhibit 123: Antylia Scientific - Product / Service
• Exhibit 124: Antylia Scientific - Key news
• Exhibit 125: Antylia Scientific - Key offerings

• 12.5 CustomChill Inc. 
• Exhibit 126: CustomChill Inc. - Overview
• Exhibit 127: CustomChill Inc. - Product / Service
• Exhibit 128: CustomChill Inc. - Key offerings

• 12.6 Ferrotec Holdings Corp. 
• Exhibit 129: Ferrotec Holdings Corp. - Overview
• Exhibit 130: Ferrotec Holdings Corp. - Business segments
• Exhibit 131: Ferrotec Holdings Corp. - Key news
• Exhibit 132: Ferrotec Holdings Corp. - Key offerings
• Exhibit 133: Ferrotec Holdings Corp. - Segment focus

• 12.7 II VI Inc. 
• Exhibit 134: II VI Inc. - Overview
• Exhibit 135: II VI Inc. - Business segments
• Exhibit 136: II VI Inc. - Key news
• Exhibit 137: II VI Inc. - Key offerings
• Exhibit 138: II VI Inc. - Segment focus

• 12.8 Komatsu Ltd. 
• Exhibit 139: Komatsu Ltd. - Overview
• Exhibit 140: Komatsu Ltd. - Business segments
• Exhibit 141: Komatsu Ltd. - Key news
• Exhibit 142: Komatsu Ltd. - Key offerings
• Exhibit 143: Komatsu Ltd. - Segment focus

• 12.9 Kryotherm 
• Exhibit 144: Kryotherm - Overview
• Exhibit 145: Kryotherm - Product / Service
• Exhibit 146: Kryotherm - Key offerings

• 12.10 Laird Thermal Systems Inc. 
• Exhibit 147: Laird Thermal Systems Inc. - Overview
• Exhibit 148: Laird Thermal Systems Inc. - Product / Service
• Exhibit 149: Laird Thermal Systems Inc. - Key offerings

• 12.11 Merit Technology Group 
• Exhibit 150: Merit Technology Group - Overview
• Exhibit 151: Merit Technology Group - Product / Service
• Exhibit 152: Merit Technology Group - Key offerings

• 12.12 RMT Ltd. 
• Exhibit 153: RMT Ltd. - Overview
• Exhibit 154: RMT Ltd. - Product / Service
• Exhibit 155: RMT Ltd. - Key offerings

• 12.13 Solid State Cooling Systems 
• Exhibit 156: Solid State Cooling Systems - Overview
• Exhibit 157: Solid State Cooling Systems - Product / Service
• Exhibit 158: Solid State Cooling Systems - Key offerings

• 12.14 Spectra Lab Instruments Pvt. Ltd.
• Exhibit 159: Spectra Lab Instruments Pvt. Ltd. - Overview
• Exhibit 160: Spectra Lab Instruments Pvt. Ltd. - Product / Service
• Exhibit 161: Spectra Lab Instruments Pvt. Ltd. - Key offerings

• 12.15 TEC Microsystems GmbH 
• Exhibit 162: TEC Microsystems GmbH - Overview
• Exhibit 163: TEC Microsystems GmbH - Product / Service
• Exhibit 164: TEC Microsystems GmbH - Key offerings

• 12.16 Thermonamic Electronics Jiangxi Corp. Ltd.
• Exhibit 165: Thermonamic Electronics Jiangxi Corp. Ltd. - Overview
• Exhibit 166: Thermonamic Electronics Jiangxi Corp. Ltd. - Product / Service
• Exhibit 167: Thermonamic Electronics Jiangxi Corp. Ltd. - Key offerings

• 12.17 Z MAX Co. Ltd. 
• Exhibit 168: Z MAX Co. Ltd. - Overview
• Exhibit 169: Z MAX Co. Ltd. - Product / Service
• Exhibit 170: Z MAX Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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