0

Thermoelectric Coolers Market Expected to Reach $1.2 Billion by 2030—Allied Market Research

 
2022
Thermoelectric Coolers Market

Report Code : A02719

quote “urbanization and industrialization around the world, especially in emerging countries such as China, India, Brazil, and others drives the thermoelectric coolers market.” quote

Digvijay Pawar
Industry Analyst, Construction & Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a recent report published by Allied Market Research, titled, “thermoelectric coolers market by model, design, end-user industry, and region: global opportunity analysis and industry forecast, 2021–2030,” the thermoelectric coolers market size was valued at $0.6 billion in 2020, and is expected to reach $1.3 billion by 2030, registering a CAGR of 8.7% from 2021 to 2030. Thermoelectric cooling is based on the Peltier effect. The effect creates a temperature difference by transferring heat between two electrical junctions. These thermoelectric coolers are manufactured in standard designs or specially designed as per requirement of customers.

Growth of electric and luxury vehicles is one of the most important driving factors for the thermoelectric coolers market growth. Electric and luxurious cars have air conditioners and automobile mini refrigerators installed in them that have thermoelectric coolers in them. In addition, stability and low vibrations of thermoelectric coolers allows installation of thermoelectric coolers in several products. This, in turn, drives the thermoelectric coolers market. However, coefficient of performance of thermoelectric coolers is very low and to match the output given by traditional heating and cooling systems, a very high-powered thermoelectric cooler has to be used, which increases cost of thermoelectric coolers. Furthermore, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the thermoelectric coolers market. However, this situation is expected to improve as governments have started relaxing norms around the world for resuming business activities.

On the contrary, focus on R&D and advanced manufacturing of thermoelectric coolers is anticipated to open new avenues for the thermoelectric coolers market during the forecast period.

The thermoelectric coolers market is segmented into model, design, end-user industry and region. By model, the market is segregated into single-stage and multi-stage. On the basis of design, it is divided into special design and standard design. End-user industry covered in the study includes consumer electronics, telecommunications, automotive, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

KEY FINDINGS OF THE STUDY

  • By model, the single stage segment was the highest revenue contributor in 2020.
  • By design, the standard design segment was the highest revenue contributor in 2020.
  • By end-user industry, the consumer electronics segment dominated the market in 2020.
  • By region, Asia-Pacific generated the highest revenue in 2020.

The major players profiled in the thermoelectric coolers market include Crystal Ltd., Ferrotec Corporation, II-VI Incorporated, Kryotherm Industries, Merit Technology Group, TE Technology, Inc., Thermion Company, Thermonamic Electronics (Jiangxi) Corp., Ltd., Xiamen Hicool Electronics Co.,Ltd., and Z-MAX Co. Ltd. Major players in the market have adopted product launch and acquisition as their key developmental strategy to offer better products and services to customers in the thermoelectric coolers market.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Thermoelectric Coolers Market by Model (Single-Stage and Multi-Stage), Design (Special Design and Standard Design), and End-User Industry (Consumer Electronics, Telecommunications, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample

Buy Full Version
"Thermoelectric Coolers Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers