Global Solid State Cooling Market Size & Outlook

The solid state cooling industry worldwide is expected to reach a projected revenue of US$ 1,195.8 million by 2030. A compound annual growth rate of 6.1% is expected of the worldwide solid state cooling industry from 2024 to 2030.
Revenue, 2023 (US$M)
$788.0
Forecast, 2030 (US$M)
$1,195.8
CAGR, 2024 - 2030
6.1%
Report Coverage
Worldwide

Global solid state cooling market, 2018-2030 (US$M)

Global solid state cooling market highlights

  • The global solid state cooling market generated a revenue of USD 788.0 million in 2023 and is expected to reach USD 1,195.8 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.1% by 2030.
  • In terms of segment, refrigeration systems accounted for a revenue of USD 788.0 million in 2023.
  • Refrigeration Systems is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 788.0 million
Market revenue in 2030USD 1,195.8 million
Growth rate6.1% (CAGR from 2023 to 2030)
Largest segmentRefrigeration systems
Fastest growing segmentRefrigeration Systems
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationRefrigeration Systems

Other key industry trends

  • In terms of revenue, the North America accounted for 17.8% of the global solid state cooling market in 2023.

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Solid State Cooling Market Scope

Solid state cooling market segmentation & scope
Refrigeration Systems
Cooling Systems
Type
Single Stage
Multi-Stage
Thermocycler
End Use
Consumer Electronics
Healthcare
Automotive
Others
Technology
Thermoelectric Cooling
Electrocaloric Cooling
Magnetocaloric Cooling
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
South Korea
Australia
Brazil
Argentina
Saudi Arabia
UAE

Solid State Cooling Market Companies

Name Profile # Employees HQ Website

Global solid state cooling market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solid state cooling market will help companies and investors design strategic landscapes.


Refrigeration systems was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global solid state cooling market based on refrigeration systems covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Solid State Cooling Product Outlook (Revenue, USD million, 2018-2030)
    • Refrigeration Systems
    • Cooling Systems
  • Global Solid State Cooling Type Outlook (Revenue, USD million, 2018-2030)
    • Single Stage
    • Multi-Stage
    • Thermocycler
  • Global Solid State Cooling End Use Outlook (Revenue, USD million, 2018-2030)
    • Consumer Electronics
    • Healthcare
    • Automotive
    • Others
  • Global Solid State Cooling Technology Outlook (Revenue, USD million, 2018-2030)
    • Thermoelectric Cooling
    • Electrocaloric Cooling
    • Magnetocaloric Cooling
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global solid state cooling market , including forecasts for subscribers. This global databook contains high-level insights into Global solid state cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global solid state cooling market size, by regions, 2018-2030 (US$M)

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