Global Semiconductor Coolers Market: Industry Size, Share, Growth, Forecasts 2016 - 2024

Latest industry research report on: Global Semiconductor Coolers Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Semiconductor coolers are thermoelectric coolers, also known as Peltier coolers or thermoelectric modules, which act as a heat pump. These coolers act when a low direct current (DC) voltage is passed through them. The voltage causes the semiconductor cooler to move the heat from one part of the cooler to another part, thus cooling the former area while heating the later area. Semiconductor coolers are generally made of alternating n and p type semiconductors, which results in cooling at the junctions of these semiconductors, while heat is being absorbed from the environment. Reversal of polarity of the DC voltage will cause a reversal in the cool and hot areas of the pump, thus allowing for temperature control of the semiconductor module in a precise manner. The same thermodynamic principle is also applied for portable refrigerators and beverage coolers, among others, however on a larger scale. In general, semiconductor coolers are accompanied by a heat sink, absence of which can lead to malfunctioning of the semiconductor module itself.

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The market for semiconductor coolers is growing at a very fast pace, primarily owing to the growing demand for electronic devices globally. Semiconductor coolers have wide array of applications across several industrial verticals. They can be found in inkjet printers, commonly used in households, while they are also used in complex semiconductor modules of aeronautical electronic devices. With the growth in Internet of Things (IoT), there is an ever growing demand for electronic devices. Such demand for electronics is fuelling the application of semiconductor coolers in these devices, since semiconductor coolers aids in effective power management and efficient heat dissipation. Thus it is positively impacting the growth of this market. Additionally, the growing penetration of consumer electronics, across the developing and under developed nations is also aiding in the growth of the semiconductor coolers market.

The global semiconductor coolers market can be segmented, by type, into single stage, multi stage and others. Single stage semiconductor coolers are more suited for medium to low heat dissipation requirements. These semiconductor coolers have several applications, such as maintenance of temperature range in ferroelectric detectors and bolometers, viscosity maintenance of inkjet printers and in fiber optic systems comprising of laser diode arrays, among others. Multi stage semiconductor coolers are more suited for high to medium heat dissipation requirements. These semiconductor coolers have several applications, such as thermal imaging equipments; radio hardened aerospace electronics and night vision equipments among others. By end use industry, the semiconductor coolers market is segmented into aerospace & defense, automotives, healthcare, consumer electronics and others. Multi stage semiconductor coolers are in high demand in the aerospace & defense domain, as the electronic devices used generates high amount of heat. Imaging devices, used in healthcare industry, also has a lot of applications of multi stage semiconductor coolers. The global semiconductor coolers market has been further segmented into five regions: North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). By revenue, Asia Pacific had the largest market share in 2015, followed by North America and Europe. The higher market share of Asia-Pacific can be attributed to the presence of large number of local manufacturers of semiconductor coolers, coupled with higher demand for consumer electronics in the region and higher growth of industrial automation in manufacturing sectors among others.

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The major companies of the Semiconductor coolers market globally are Ferrotec (USA) Corporation (U.S.), KELK, Ltd. (Japan), Thermion Company (Ukraine), II-VI Incorporated (U.S.), TE Technology, Inc. (U.S.), Laird PLC. (U.K.), RMT, Ltd. (Russia), Wellen Technology Co., Ltd. (China), Hicooltec Electronic (China), Phononic, Inc. (U.S.), Merit Technology Group (China) and Tellurex Corporation. (U.S.) among various others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market

Recommendations to companies for strengthening their foothold in the market

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