Semiconductor Coolers Market Size to Reach US$ 4.56 Billion, Industry Report 2023-2028

Semiconductor Coolers Market Size to Reach US$ 4.56 Billion, Industry Report 2023-2028
Semiconductor Coolers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global semiconductor coolers market size reached US$ 3.38 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.56 Billion by 2028, exhibiting a growth rate (CAGR) of 5.20% during 2023-2028.

IMARC Group has recently released a new research study titled “Semiconductor Coolers Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028”, offers a detailed analysis of the global semiconductor coolers market report, market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Also known as thermoelectric coolers, semiconductor coolers are devices that allow precise temperature control of components, such as fiber optic cables, laser drivers, precision voltage references, and temperature-critical devices. They are compatible with different thermal conditions and facilitate high performance independent of the orientation of the device. They use less electricity as compared to compressor-based units and facilitate low maintenance and longer lifetime. Moreover, solid-state semiconductor coolers have no moving parts, therefore, are less susceptible to breakage than traditional compressors. At present, they are used in the electronics, defense, automotive, and healthcare sectors across the globe.

Semiconductor Coolers Market Trends and Drivers:

The inflating disposable incomes and increasing adoption of consumer electronic products, such as smartphones, laptops, coffee makers, grillers, toasters, speakers, microwaves, and computers, currently represent one of the key factors influencing the market positively. In addition, the increasing use of semiconductor coolers in medical devices like lasers and diagnostic equipment to regulate temperature, along with the increasing prevalence of chronic medical conditions, is contributing to the market growth. Apart from this, semiconductor coolers find extensive applications in the military sector that facilitate temperature control in weapons. Moreover, the increasing adoption of semiconductor coolers in the automotive industry to maintain the temperature in engines, advanced driver assistance systems (ADAS), and other electronic systems is stimulating the market growth worldwide.

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Semiconductor Coolers Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Advanced Thermal Solutions Inc.
  • Coherent Corp. (COHR)
  • Custom Thermoelectric LLC
  • Ferrotec Holdings Corp.
  • Laird Thermal Systems GmbH
  • Merit Technology Group
  • Nippon India
  • TE Technology Inc.
  • Wakefield Thermal Solutions, Inc.
  • Wellen Technology Co. Ltd.
  • Xiamen Hicool Electronics Co. Ltd. etc.


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The report has segmented the market based on type and application.


Type Insights:

  • Single Stage Semiconductor Cooler
  • Multi-Stage Semiconductor Cooler


Application Insights:

  • Automotive
  • Consumer Electronics
  • Healthcare
  • Defense
  • Others


Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa


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