Press release
Solid-state Cooling Market to Hit USD 1.1 million by 2035 - Growth Accelerates Across APAC, Europe, USA, and China Driven by EV and Data Center Expansion
The FMI report, "Solid-state Cooling Market Size, Trend & Forecast 2025-2035," highlights that global revenues will surge by approximately USD 519.4 million over the decade, propelled by the shift toward eco-friendly, non-refrigerant cooling solutions in high-performance computing and electric vehicles.
Browse Full Report-https://www.futuremarketinsights.com/reports/solid-state-cooling-market
A Decade of Growth Anchored by Thermoelectric Advancements and Sustainability:
The evolution from traditional refrigerants to solid-state technologies, including multi-stage thermoelectric coolers, is redefining thermal management. Between 2025 and 2030, the solid-state cooling market will grow by USD 239.85 million, driven by innovations in nanotechnology and integration in medical and automotive sectors.
From 2030 to 2035, FMI anticipates an additional USD 279.55 million in expansion, as government incentives for energy-efficient systems and AI-enhanced cooling accelerate adoption across industrial applications.
"Solid-state cooling is transitioning from niche to mainstream, with enhanced materials like bismuth telluride boosting efficiency," said Nikhil Kaitwade, FMI Lead Analyst. "Sustainability regulations and EV battery demands are key catalysts for this eco-friendly shift."
Solid-state Cooling Key Market Insights at a Glance:
Metric - Global Estimate
Market Value (2025) - USD 592.15 million
Forecast Value (2035) - USD 1,111.55 million
CAGR - 6.5%
Top Product - Cooling Systems (6.4% CAGR)
Dominant End-user - Medical (6.3% CAGR)
Fastest-Growing Type - Multi-stage (6.5% CAGR)
China: The Fastest-Growing Solid-state Cooling Market:
FMI's analysis spotlights China as a powerhouse, with the market projected to grow at a CAGR of 6.9% from 2025 to 2035. Valued at a significant share of the Asia-Pacific region, China's expansion is driven by its EV boom, semiconductor leadership, and the 14th Five-Year Plan's emphasis on low-carbon technologies. Thermoelectric modules for battery thermal management dominate, supported by subsidies and manufacturing scale-ups.
Solid-state Cooling Five Forces Driving Market Expansion:
Thermoelectric Material Innovations: Advances in bismuth telluride and graphene enhance efficiency and reduce costs.
EV and Battery Thermal Management: Rising electric vehicle production demands precise, compact cooling for extended battery life.
Sustainability Regulations: Policies like EU's F-Gas and U.S. ENERGY STAR® incentivize non-refrigerant alternatives.
Data Center Efficiency: High-performance computing requires energy-saving solutions to curb heat and carbon footprints.
Healthcare Precision Needs: Portable refrigeration for vaccines and biologics boosts adoption in medical applications.
Solid-state Cooling Market Segment Overview:
By Product Type: Cooling systems lead with a 6.4% CAGR, dominated by air conditioners for commercial and residential use due to energy efficiency.
By Type: Multi-stage systems grow fastest at 6.5% CAGR, ideal for industrial and semiconductor thermal control.
By End-user Industry: Medical tops with 6.3% CAGR, driven by laboratory equipment for precise vaccine storage. Automotive and electronics follow.
By Region: Asia-Pacific emerges strongest, fueled by electronics manufacturing.
Solid-state Cooling Market Regional Overview:
North America: Growth at 6.7% CAGR (USA leading), boosted by data centers and EV incentives under DOE policies.
Europe: From steady adoption to 6.4% CAGR (Germany at 6.7%), driven by Ecodesign Directive and green initiatives.
Asia-Pacific: Fastest regionally - China (6.9%), Japan (6.5%), South Korea (6.6%) lead with smart tech integration.
Middle East & Africa: Emerging demand in infrastructure, aligned with energy efficiency standards.
Full Market Report available for delivery. For purchase or customization, please request here: https://www.futuremarketinsights.com/checkout/17427
Request for Discount: https://www.futuremarketinsights.com/reports/sample/rep-gb-17427
Solid-state Cooling Market Competitive Landscape:
* Laird Thermal Systems
* Coherent Corp. (II-VI Incorporated)
* Ferrotec Corporation
* TE Technology
* Crystal Ltd.
* Phononic, Inc.
* Gentherm Incorporated
* Kryotherm
* TEC Microsystems
* Hi-Z Technology, Inc.
Top players like Laird (30% share) and Coherent (25%) dominate through R&D in high-efficiency modules and partnerships in EVs and 5G infrastructure.
Solid-state Cooling Market Outlook: Cooling the Future Sustainably:
The next decade will see solid-state cooling integrate AI for predictive thermal management and expand into residential sectors. With economies of scale and regulatory support, barriers like high costs will diminish, paving the way for widespread commercialization.
"Solid-state solutions are not just efficient-they're essential for a low-carbon future," added Kaitwade. "As industries prioritize green tech, innovators focusing on scalability and integration will lead the charge."
Explore More Related Studies Published by FMI Research:
Galactoarabinan Market- https://www.futuremarketinsights.com/reports/galactoarabinan-market
Large Diameter Steel Pipes Market- https://www.futuremarketinsights.com/reports/large-diameter-steel-pipes-market
LASER Light Cables Market- https://www.futuremarketinsights.com/reports/laser-light-cables-market
Polyurethane Resins Paints and Coatings Market- https://www.futuremarketinsights.com/reports/global-polyurethane-resins-paints-coatings-market
Why FMI: Decisions that Change Outcomes- https://www.futuremarketinsights.com/why-fmi
Contact Us:
Have a specific Requirements and Need Assistant on Report Pricing or Limited Budget please contact us - sales@futuremarketinsights.com
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solid-state Cooling Market to Hit USD 1.1 million by 2035 - Growth Accelerates Across APAC, Europe, USA, and China Driven by EV and Data Center Expansion here
News-ID: 4257880 • Views: …
More Releases from FactMR
Precipitated Barium Sulphate Market to Hit USD 1.1 million by 2035 - Growth Acce …
The global precipitated barium sulphate market is poised for steady expansion through 2035, fueled by rising demand in paints, coatings, plastics, and pharmaceuticals amid rapid industrialization and sustainability shifts. According to Future Market Insights (FMI), the market is valued at USD 795.6 million in 2025 and is projected to reach USD 1,100.7 million by 2035, expanding at a compound annual growth rate (CAGR) of 3.3%.
The FMI report, "Precipitated Barium Sulphate…
Fire Pits Market to Hit USD 14,706 Million by 2035 - Growth Accelerates Across N …
The global fire pits market is poised for robust expansion through 2035, fueled by rising outdoor living trends, sustainable fuel advancements, and increasing demand in residential and commercial spaces. According to Future Market Insights (FMI), the market is valued at USD 8,211.7 million in 2025 and is projected to reach USD 14,706 million by 2035, expanding at a compound annual growth rate (CAGR) of 6%.
The FMI report, "Fire Pits Market…
Electrostatic Coalescers Market to Hit USD 5.4 Billion by 2035 - Growth Accelera …
The global electrostatic coalescers market is poised for steady expansion through 2035, fueled by rising demands for efficient oil-water separation, stringent environmental regulations, and advancements in crude oil processing. According to Future Market Insights (FMI), the market is valued at USD 3.3 billion in 2025 and is projected to reach USD 5,408.1 million by 2035, expanding at a compound annual growth rate (CAGR) of 5.0%.
The FMI report, "Electrostatic Coalescers Market…
Friction Modifier Additives Market to Reach USD 2,704.4 million by 2035 - Growth …
The global friction modifier additives market is poised for steady expansion through 2035, driven by rising demand for fuel-efficient lubricants, stringent emission regulations, and advancements in electric vehicle (EV) technologies. According to Future Market Insights (FMI), the market is valued at USD 1,775.1 million in 2025 and is projected to climb to USD 2,704.4 million by 2035, registering a compound annual growth rate (CAGR) of 4.3%.
The FMI report, "Friction Modifier…
More Releases for Cooling
Global Cooling Tower Market Size, Share, and Industry Outlook - 2024-2031 | SPX …
The latest report published by DataM Intelligence highlights the growth prospects of Cooling Tower market. The industry expansion is majorly driven by developments in technology across the globe.
Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/cooling-tower-market?ca
The Global Cooling Tower Market is estimated to reach at a high CAGR of 4.38% during the forecast period (2024-2031).
A cooling tower is a heat rejection device used…
Cooling Tower Market Growing Rapidly by 2031 - SPX Cooling Technologies, Inc., C …
Cooling Tower Industry Analysis, according DataM Intelligence. Although data provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.
Will the Cooling Tower market emerge as the sector's next great thing? To discover the answer, look at the Cooling Tower market analysis and projections. In-depth…
Cooling Tower Market Growing Rapidly by 2031- SPX Cooling Technologies, Inc., Cl …
DataM Intelligence has published a new research report on "Cooling Tower Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Cooling Tower Market is Booming Worldwide |Cooling Tower Systems, STAR Cooling T …
According to HTF Market Intelligence, the Global Cooling Tower market to witness a CAGR of 4.29% during the forecast period (2024-2030). The Latest Released Cooling Tower Market Research assesses the future growth potential of the Cooling Tower market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and…
What's driving the Cooling Tower Market trends? Key Players are Haman, Internati …
MarketStudyReport.com Adds New Cooling Tower Market 2019 - 2025 research report providing information and data By Product, By Technology, By Design, By Build, By Construction Material, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 450 Pages with table and figures in it.
Ongoing investment in the upstream sector across the Asia Pacific & Middle East region will positively influence the business landscape. Prevailing expansion…
Cooling Tower Market Growth Overview Analysis of International Cooling, Reymsa, …
Based on data compiled by Market Study Report, LLC, this report on ‘Cooling Towe Market’ delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
Cooling Tower Market share is predicted to surpass USD 3 billion by…
