Middle East & Africa Solid State Cooling Market Size & Outlook
MEA solid state cooling market highlights
- The MEA solid state cooling market generated a revenue of USD 70.5 million in 2023.
- The market is expected to grow at a CAGR of 6.5% 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.
MEA data book summary
| Market revenue in 2023 | USD 70.5 million |
| Market revenue in 2030 | USD 108.6 million |
| Growth rate | 6.5% (CAGR from 2024 to 2030) |
| Largest segment | Refrigeration systems |
| Fastest growing segment | Refrigeration Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Refrigeration Systems |
| Key market players worldwide | Phononic, 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, MEA region accounted for 8.9% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| RMT | View profile | 51-100 | Moscow, Moscow City, Russian Federation, Europe | http://www.rmtltd.ru/ |
| Mimir | View profile | 11-50 | Indianapolis, Indiana, United States, North America | https://mimirhq.com/ |
| Micropelt | View profile | 11-50 | Freiburg, Baden-Wurttemberg, Germany, Europe | http://www.micropelt.com |
| CUI Devices | View profile | 251-500 | Tualatin, Oregon, United States, North America | https://www.cuidevices.com/ |
| Laird Thermal Systems | View profile | 101-250 | Morrisville, North Carolina, United States, North America | https://lairdthermal.com/ |
| Phononic | View profile | 101-250 | Durham, North Carolina, United States, North America | http://phononic.com |
| Crystal Group | View profile | 101-250 | Hiawatha, Iowa, United States, North America | https://www.crystalrugged.com |
| II-VI | View profile | 10001+ | Saxonburg, Pennsylvania, United States, North America | http://www.ii-vi.com |
| Kryo | View profile | 11-50 | Mooresville, North Carolina, United States, North America | https://kryoinc.com/ |
| Coherent Corp | View profile | 27000 | 375 Saxonburg Boulevard, Saxonburg, PA, United States, 16056 | https://www.ii-vi.com |
| Ricoh Co Ltd | View profile | 81017 | 3-6, Nakamagome 1-chome, Ohta-ku, Tokyo, Japan, 143-8555 | https://www.ricoh.com |
| Delta Electronics Inc DR | View profile | 68000 | No. 186, Ruey Kuang Road, Neihu District, Taipei, Taiwan, 11491 | https://www.deltaww.com |
| Ferrotec Holdings Corp | View profile | 13116 | 2-3-4 Nihonbashi, Chuo-ku, Nihonbashi Plaza Building, Tokyo, Japan, 103-0027 | http://www.ferrotec.co.jp |
| Mercury Systems Inc | View profile | 2457 | 50 Minuteman Road, Andover, MA, United States, 01810 | https://www.mrcy.com |
Middle East & Africa 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 105.25% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East & Africa solid state cooling market databook
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Our clientele includes a mix of solid state cooling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Middle East & Africa solid state cooling market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa solid state cooling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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