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North America Solid State Cooling Market Size, Share & Trends Analysis Report By Product (Cooling Systems and Refrigeration Systems), By Type, ByTechnology, By Vertical, By Country and Growth Forecast, 2024 - 2031

  • PDF Icon

    Report

  • 112 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955216
The North America Solid State Cooling Market would witness market growth of 12.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Solid State Cooling Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $408.6 million by 2031. The Canada market is experiencing a CAGR of 15% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14% during (2024 - 2031).



Solid-state cooling technology operates based on the principles of thermoelectricity, using the Peltier effect to create a cooling effect without the need for harmful refrigerants. This makes it an attractive alternative to traditional cooling systems, particularly in applications where environmental regulations are stringent. In addition to being environmentally friendly, solid-state cooling technology offers other advantages, such as energy efficiency, compactness, and precise temperature control. These benefits further enhance its appeal in the market, driving its adoption across various applications.

Numerous untapped applications exist where solid-state cooling could offer innovative solutions and drive further market expansion. A domain in which exact temperature regulation is critical to preserve the quality and freshness of perishable products is food and beverage storage. Solid-state cooling could offer a sustainable and efficient alternative to traditional refrigeration systems, particularly in smaller-scale operations such as boutique food stores, restaurants, and food trucks.

Canada's growing investment in the healthcare sector drives the demand for precision cooling solutions in medical equipment and devices. According to the Canadian government, in 2023, provinces and territories will receive an additional $46.2 billion in financing as part of a $196.1 billion ten-year investment by the government to enhance health care services for all Canadians. Therefore, the expansion of the healthcare industry and the increasing renewable energy sector in the region are driving the market's growth.

Based on Product, the market is segmented into Cooling Systems and Refrigeration Systems. Based on Type, the market is segmented into Single-Stage, Multi-Stage, and Thermocycler. Based on Technology, the market is segmented into Thermoelectric Cooling, Electrocaloric Cooling, Magnetocaloric Cooling and Others. Based on Vertical, the market is segmented into Healthcare, Semiconductor & Electronics, Automotive, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Crystal Ltd.
  • CUI Devices (Back Porch International, Inc.)
  • Delta Electronics, Inc.
  • Ferrotec Holdings Corporation
  • Coherent Corp.
  • Komatsu Ltd.
  • Laird Thermal Systems, Inc.
  • Solid State Cooling Systems, Inc.
  • TE Technology, Inc.
  • TEC Microsystems GmbH

Market Report Segmentation

By Product
  • Cooling Systems
  • Refrigeration Systems
By Type
  • Single-Stage
  • Multi-Stage
  • Thermocycler
By Technology
  • Thermoelectric Cooling
  • Electrocaloric Cooling
  • Magnetocaloric Cooling
  • Others
By Vertical
  • Healthcare
  • Semiconductor & Electronics
  • Automotive
  • Residential
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Solid State Cooling Market, by Product
1.4.2 North America Solid State Cooling Market, by Type
1.4.3 North America Solid State Cooling Market, by Technology
1.4.4 North America Solid State Cooling Market, by Vertical
1.4.5 North America Solid State Cooling Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Solid State Cooling Market by Product
4.1 North America Cooling Systems Market by Region
4.2 North America Refrigeration Systems Market by Region
Chapter 5. North America Solid State Cooling Market by Type
5.1 North America Single-Stage Market by Country
5.2 North America Multi-Stage Market by Country
5.3 North America Thermocycler Market by Country
Chapter 6. North America Solid State Cooling Market by Technology
6.1 North America Thermoelectric Cooling Market by Country
6.2 North America Electrocaloric Cooling Market by Country
6.3 North America Magnetocaloric Cooling Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Solid State Cooling Market by Vertical
7.1 North America Healthcare Market by Country
7.2 North America Semiconductor & Electronics Market by Country
7.3 North America Automotive Market by Country
7.4 North America Residential Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Solid State Cooling Market by Country
8.1 US Solid State Cooling Market
8.1.1 US Solid State Cooling Market by Product
8.1.2 US Solid State Cooling Market by Type
8.1.3 US Solid State Cooling Market by Technology
8.1.4 US Solid State Cooling Market by Vertical
8.2 Canada Solid State Cooling Market
8.2.1 Canada Solid State Cooling Market by Product
8.2.2 Canada Solid State Cooling Market by Type
8.2.3 Canada Solid State Cooling Market by Technology
8.2.4 Canada Solid State Cooling Market by Vertical
8.3 Mexico Solid State Cooling Market
8.3.1 Mexico Solid State Cooling Market by Product
8.3.2 Mexico Solid State Cooling Market by Type
8.3.3 Mexico Solid State Cooling Market by Technology
8.3.4 Mexico Solid State Cooling Market by Vertical
8.4 Rest of North America Solid State Cooling Market
8.4.1 Rest of North America Solid State Cooling Market by Product
8.4.2 Rest of North America Solid State Cooling Market by Type
8.4.3 Rest of North America Solid State Cooling Market by Technology
8.4.4 Rest of North America Solid State Cooling Market by Vertical
Chapter 9. Company Profiles
9.1 Delta Electronics, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Ferrotec Holdings Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 SWOT Analysis
9.3 Coherent Corp.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Komatsu Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Crystal Ltd.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 CUI Devices (Back Porch International, Inc.)
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Laird Thermal Systems, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and Product Expansions:
9.7.3 SWOT Analysis
9.8 Solid State Cooling Systems, Inc.
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 TE Technology, Inc.
9.9.1 Company Overview
9.10. TEC Microsystems GmbH
9.10.1 Company Overview
9.10.2 SWOT Analysis

Companies Mentioned

  • Crystal Ltd.
  • CUI Devices (Back Porch International, Inc.)
  • Delta Electronics, Inc.
  • Ferrotec Holdings Corporation
  • Coherent Corp.
  • Komatsu Ltd.
  • Laird Thermal Systems, Inc.
  • Solid State Cooling Systems, Inc.
  • TE Technology, Inc.
  • TEC Microsystems GmbH

Methodology

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