North America Solid State Cooling Market Size, Share & Trends Analysis Report By Product (Cooling Systems and Refrigeration Systems), By Type, ByTechnology, By Vertical, By Country and Growth Forecast, 2024

List of Tables

The North America Solid State Cooling Market would witness market growth of 12.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Solid State Cooling Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $408.6 million by 2031. The Canada market is experiencing a CAGR of 15% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14% during (2024 - 2031).

Solid-state cooling technology operates based on the principles of thermoelectricity, using the Peltier effect to create a cooling effect without the need for harmful refrigerants. This makes it an attractive alternative to traditional cooling systems, particularly in applications where environmental regulations are stringent. In addition to being environmentally friendly, solid-state cooling technology offers other advantages, such as energy efficiency, compactness, and precise temperature control. These benefits further enhance its appeal in the market, driving its adoption across various applications.

Numerous untapped applications exist where solid-state cooling could offer innovative solutions and drive further market expansion. A domain in which exact temperature regulation is critical to preserve the quality and freshness of perishable products is food and beverage storage. Solid-state cooling could offer a sustainable and efficient alternative to traditional refrigeration systems, particularly in smaller-scale operations such as boutique food stores, restaurants, and food trucks.

Canada's growing investment in the healthcare sector drives the demand for precision cooling solutions in medical equipment and devices. According to the Canadian government, in 2023, provinces and territories will receive an additional $46.2 billion in financing as part of a $196.1 billion ten-year investment by the government to enhance health care services for all Canadians. Therefore, the expansion of the healthcare industry and the increasing renewable energy sector in the region are driving the market's growth.

Based on Product, the market is segmented into Cooling Systems and Refrigeration Systems. Based on Type, the market is segmented into Single-Stage, Multi-Stage, and Thermocycler. Based on Technology, the market is segmented into Thermoelectric Cooling, Electrocaloric Cooling, Magnetocaloric Cooling and Others. Based on Vertical, the market is segmented into Healthcare, Semiconductor & Electronics, Automotive, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Crystal Ltd.
CUI Devices (Back Porch International, Inc.)
Delta Electronics, Inc.
Ferrotec Holdings Corporation
Coherent Corp.
Komatsu Ltd.
Laird Thermal Systems, Inc.
Solid State Cooling Systems, Inc.
TE Technology, Inc.
TEC Microsystems GmbH

North America Solid State Cooling Market Report Segmentation

By Product

Cooling Systems
Refrigeration Systems

By Type

Single-Stage
Multi-Stage
Thermocycler

By Technology

Thermoelectric Cooling
Electrocaloric Cooling
Magnetocaloric Cooling
Others

By Vertical

Healthcare
Semiconductor & Electronics
Automotive
Residential
Others

By Country

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Solid State Cooling Market, by Product
- 1.4.2North America Solid State Cooling Market, by Type
- 1.4.3North America Solid State Cooling Market, by Technology
- 1.4.4North America Solid State Cooling Market, by Vertical
- 1.4.5North America Solid State Cooling Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.North America Solid State Cooling Market by Product

4.1North America Cooling Systems Market by Region
4.2North America Refrigeration Systems Market by Region

Chapter 5.North America Solid State Cooling Market by Type

5.1North America Single-Stage Market by Country
5.2North America Multi-Stage Market by Country
5.3North America Thermocycler Market by Country

Chapter 6.North America Solid State Cooling Market by Technology

6.1North America Thermoelectric Cooling Market by Country
6.2North America Electrocaloric Cooling Market by Country
6.3North America Magnetocaloric Cooling Market by Country
6.4North America Others Market by Country

Chapter 7.North America Solid State Cooling Market by Vertical

7.1North America Healthcare Market by Country
7.2North America Semiconductor & Electronics Market by Country
7.3North America Automotive Market by Country
7.4North America Residential Market by Country
7.5North America Others Market by Country

Chapter 8.North America Solid State Cooling Market by Country

8.1US Solid State Cooling Market
- 8.1.1US Solid State Cooling Market by Product
- 8.1.2US Solid State Cooling Market by Type
- 8.1.3US Solid State Cooling Market by Technology
- 8.1.4US Solid State Cooling Market by Vertical
8.2Canada Solid State Cooling Market
- 8.2.1Canada Solid State Cooling Market by Product
- 8.2.2Canada Solid State Cooling Market by Type
- 8.2.3Canada Solid State Cooling Market by Technology
- 8.2.4Canada Solid State Cooling Market by Vertical
8.3Mexico Solid State Cooling Market
- 8.3.1Mexico Solid State Cooling Market by Product
- 8.3.2Mexico Solid State Cooling Market by Type
- 8.3.3Mexico Solid State Cooling Market by Technology
- 8.3.4Mexico Solid State Cooling Market by Vertical
8.4Rest of North America Solid State Cooling Market
- 8.4.1Rest of North America Solid State Cooling Market by Product
- 8.4.2Rest of North America Solid State Cooling Market by Type
- 8.4.3Rest of North America Solid State Cooling Market by Technology
- 8.4.4Rest of North America Solid State Cooling Market by Vertical

Chapter 9.Company Profiles

9.1Delta Electronics, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5SWOT Analysis
9.2Ferrotec Holdings Corporation
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3SWOT Analysis
9.3Coherent Corp.
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5SWOT Analysis
9.4Komatsu Ltd.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expenses
- 9.4.5SWOT Analysis
9.5Crystal Ltd.
- 9.5.1Company Overview
- 9.5.2SWOT Analysis
9.6CUI Devices (Back Porch International, Inc.)
- 9.6.1Company Overview
- 9.6.2SWOT Analysis
9.7Laird Thermal Systems, Inc.
- 9.7.1Company Overview
- 9.7.2Recent strategies and developments:
  - 9.7.2.1Product Launches and Product Expansions:
- 9.7.3SWOT Analysis
9.8Solid State Cooling Systems, Inc.
- 9.8.1Company Overview
- 9.8.2SWOT Analysis
9.9TE Technology, Inc.
- 9.9.1Company Overview
9.10.TEC Microsystems GmbH
- 9.10.1Company Overview
- 9.10.2SWOT Analysis

LIST OF TABLES

TABLE 1North America Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 2North America Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 3North America Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 4North America Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 5North America Cooling Systems Market by Region, 2020 - 2023, USD Million
TABLE 6North America Cooling Systems Market by Region, 2024 - 2031, USD Million
TABLE 7North America Refrigeration Systems Market by Region, 2020 - 2023, USD Million
TABLE 8North America Refrigeration Systems Market by Region, 2024 - 2031, USD Million
TABLE 9North America Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 10North America Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 11North America Single-Stage Market by Country, 2020 - 2023, USD Million
TABLE 12North America Single-Stage Market by Country, 2024 - 2031, USD Million
TABLE 13North America Multi-Stage Market by Country, 2020 - 2023, USD Million
TABLE 14North America Multi-Stage Market by Country, 2024 - 2031, USD Million
TABLE 15North America Thermocycler Market by Country, 2020 - 2023, USD Million
TABLE 16North America Thermocycler Market by Country, 2024 - 2031, USD Million
TABLE 17North America Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 18North America Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 19North America Thermoelectric Cooling Market by Country, 2020 - 2023, USD Million
TABLE 20North America Thermoelectric Cooling Market by Country, 2024 - 2031, USD Million
TABLE 21North America Electrocaloric Cooling Market by Country, 2020 - 2023, USD Million
TABLE 22North America Electrocaloric Cooling Market by Country, 2024 - 2031, USD Million
TABLE 23North America Magnetocaloric Cooling Market by Country, 2020 - 2023, USD Million
TABLE 24North America Magnetocaloric Cooling Market by Country, 2024 - 2031, USD Million
TABLE 25North America Others Market by Country, 2020 - 2023, USD Million
TABLE 26North America Others Market by Country, 2024 - 2031, USD Million
TABLE 27North America Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 28North America Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 29North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 30North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 31North America Semiconductor & Electronics Market by Country, 2020 - 2023, USD Million
TABLE 32North America Semiconductor & Electronics Market by Country, 2024 - 2031, USD Million
TABLE 33North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 34North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 35North America Residential Market by Country, 2020 - 2023, USD Million
TABLE 36North America Residential Market by Country, 2024 - 2031, USD Million
TABLE 37North America Others Market by Country, 2020 - 2023, USD Million
TABLE 38North America Others Market by Country, 2024 - 2031, USD Million
TABLE 39North America Solid State Cooling Market by Country, 2020 - 2023, USD Million
TABLE 40North America Solid State Cooling Market by Country, 2024 - 2031, USD Million
TABLE 41US Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 42US Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 43US Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 44US Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 45US Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 46US Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 47US Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 48US Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 49US Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 50US Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 51Canada Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 52Canada Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 53Canada Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 54Canada Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 55Canada Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 56Canada Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 57Canada Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 58Canada Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 59Canada Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 60Canada Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 61Mexico Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 62Mexico Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 63Mexico Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 64Mexico Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 65Mexico Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 66Mexico Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 67Mexico Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 68Mexico Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 69Mexico Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 70Mexico Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 71Rest of North America Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 72Rest of North America Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 73Rest of North America Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 74Rest of North America Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 75Rest of North America Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 76Rest of North America Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 77Rest of North America Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 78Rest of North America Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 79Rest of North America Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 80Rest of North America Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 81Key Information - Delta Electronics, Inc.
TABLE 82key information - Ferrotec Holdings Corporation
TABLE 83Key Information - Coherent Corp.
TABLE 84Key Information - Komatsu Ltd.
TABLE 85Key Information - Crystal Ltd.
TABLE 86Key Information - CUI Devices
TABLE 87Key Information - Laird Thermal Systems, Inc.
TABLE 88Key Information - Solid State Cooling Systems, Inc.
TABLE 89Key Information - TE Technology, Inc.
TABLE 90Key Information - TEC Microsystems GmbH

North America Solid State Cooling Market Size, Share & Trends Analysis Report By Product (Cooling Systems and Refrigeration Systems), By Type, ByTechnology, By Vertical, By Country and Growth Forecast, 2024 - 2031

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