Asia Pacific Solid State Cooling Market Size & Outlook

The solid state cooling market in Asia Pacific is expected to reach a projected revenue of US$ 549.4 million by 2030. A compound annual growth rate of 6.6% is expected of Asia Pacific solid state cooling market from 2024 to 2030.
Revenue, 2023 (US$M)
$351.0
Forecast, 2030 (US$M)
$549.4
CAGR, 2024 - 2030
6.6%
Report Coverage
Asia Pacific

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

Asia

Asia Pacific solid state cooling market highlights

  • The Asia Pacific solid state cooling market generated a revenue of USD 351.0 million in 2023.
  • The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
  • In terms of segment, refrigeration systems was the largest revenue generating product in 2023.
  • Refrigeration Systems is the most lucrative product segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2023USD 351.0 million
Market revenue in 2030USD 549.4 million
Growth rate6.6% (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
Key market players worldwidePhononic, Laird Thermal Systems, II-VI, Ferrotec Holdings Corp, Kryo, Delta Electronics Inc DR, Ricoh Co Ltd, Coherent Corp, CUI Devices, Micropelt, Mimir, RMT, Mercury Systems Inc, Crystal Group


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 44.5% of the global solid state cooling market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 549.4 million by 2030.

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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

Asia Pacific 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 Asia Pacific solid state cooling market based on refrigeration systems covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Asia Pacific solid state cooling market databook

  • Our clientele includes a mix of solid state cooling market companies, investment firms, advisory firms & academic institutions.
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  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific solid state cooling market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific solid state cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific solid state cooling market

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