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3. Solid State Cooling Companies - CUI Devices (US) and Delta Electronics, Inc. (Taiwan) are the Key Players

The global solid state cooling market is expected to be valued at USD 0.8 billion in 2024 and is projected to reach USD 1.5 billion by 2029; it is expected to grow at a CAGR of 13.6% from 2024 to 2029. Product launches, acquisitions, partnerships, collaborations, agreements, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for solid state cooling from different verticals and expand their global footprint by offering their products in all the major regions.

Key players operating in the solid state cooling market are Crystal Ltd. (Russia), CUI Devices (US), Delta Electronics, Inc. (Taiwan), Ferrotec Holdings Corporation (Japan), Coherent Corp. (US), Komatsu (Japan), Laird Thermal Systems, Inc. (US), Solid State Cooling Systems (US), TE Technology, Inc. (US), TEC Microsystems GmbH (Germany), Align Sourcing LLC (US), AMS Technologies AG (Germany), EVERREDtronics (China), Xiamen Hicool Electronics Co.,Ltd. (China), Inheco Industrial Heating & Cooling GmbH (Germany), Kryotherm (Russia), MERIT TECHNOLOGY GROUP (China), Phononic (US),  Sheetak (US), Thermonamic Electronics (Jiangxi) Corp., Ltd. (China), Wellen Technology Co.,Ltd. (China), European Thermodynamics Ltd. (UK), ThermoElectric Cooling America Corporation (US), Meerstetter Engineering (Switzerland), Custom Thermoelectric, LLC (US).

To know about the assumptions considered for the study download the pdf brochure

Major Solid State Cooling companies include:

• CUI Devices (US)
• Delta Electronics, Inc. (Taiwan)
• Ferrotec Holdings Corporation (Japan)
• Coherent Corp. (US)
• Laird Thermal Systems, Inc. (US)

CUI Devices (US)

CUI Devices is a key player in the solid-state cooling market, offering a diverse range of innovative solutions tailored to meet the evolving needs of various industries. Leveraging its expertise in thermal management, CUI Devices designs and manufactures advanced solid-state cooling products such as thermoelectric modules and Peltier coolers. These products provide efficient and reliable cooling solutions for applications ranging from consumer electronics and medical devices to telecommunications and automotive systems.  CUI Devices' business strategy emphasizes a global footprint, enabling it to serve customers worldwide through an extensive network of distribution channels and regional offices. By maintaining a strong focus on quality assurance and regulatory compliance, CUI Devices ensures that its solid-state cooling products meet the highest industry standards and adhere to stringent regulatory requirements.

Delta Electronics, Inc. (Taiwan)

Delta Electronics, Inc. is a prominent player in the solid-state cooling market, renowned for its comprehensive portfolio of advanced thermal management solutions. Leveraging decades of expertise in power electronics and semiconductor technologies, Delta Electronics designs and manufactures a wide range of solid-state cooling products, including thermoelectric modules, Peltier coolers, and temperature controllers. These products cater to diverse applications across industries such as telecommunications, medical devices, automotive, and aerospace, offering efficient and reliable cooling solutions for critical electronic components. With a global presence and extensive distribution network, Delta Electronics serves customers worldwide, delivering innovative solid-state cooling solutions tailored to meet specific requirements and environmental conditions.  

Ferrotec Holdings Corporation (Japan)

Ferrotec offers a diverse array of solid-state cooling products, including thermoelectric modules, Peltier coolers, and liquid cooling systems. These solutions cater to a wide range of applications across industries such as semiconductor manufacturing, medical devices, aerospace, and telecommunications, providing efficient and reliable cooling for sensitive electronic components. Moreover, Ferrotec places a strong emphasis on sustainability, integrating eco-friendly materials and energy-efficient designs into its products to minimize environmental impact.

Coherent Corp. (US)

Coherent Corp. is a significant player in the solid-state cooling market, leveraging its expertise in laser and photonics technologies to offer innovative solutions for thermal management. With a focus on precision engineering and advanced materials science, Coherent provides a diverse portfolio of solid-state cooling products, including thermoelectric modules, Peltier coolers, and temperature control systems. These solutions cater to various applications across industries such as scientific research, medical diagnostics, semiconductor manufacturing, and telecommunications, delivering precise and reliable cooling for critical electronic and optical components.

Laird Thermal Systems, Inc. (US)

Laird Thermal Systems, Inc. is a prominent player in the solid-state cooling market, renowned for its innovative solutions and industry expertise. Leveraging its decades of experience in thermal management, Laird Thermal Systems designs and manufactures a comprehensive range of solid-state cooling products, including thermoelectric modules, Peltier coolers, liquid cooling systems, and temperature controllers. These solutions cater to diverse applications across industries such as medical devices, telecommunications, automotive, and aerospace, offering efficient and reliable cooling for critical electronic components. The company's commitment to technological innovation, customization capabilities, and customer-centric approach has established it as a trusted partner in the solid-state cooling market.

Related Reports:

Solid State Cooling Market by Product (Refrigerators, Freezers, Air Conditioners, Chillers, Coolers), Type (Single-stage, Multi-stage, Thermocycler), Technology (Thermoelectric, Electrocaloric, Magnetocaloric), Vertical, Region - Global Forecast to 2029

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