Semiconductor Coolers Market

Semiconductor Coolers Market

Semiconductor Coolers Market Forecasts to 2030 - Global Analysis By Type (Single Stage, Multi Stage and Other Types), Product Design, Application, End User and By Geography

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4.2 (41 reviews)
Published: 2023 ID: SMRC23573

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Semiconductor Coolers Market is accounted for $3.6 billion in 2023 and is expected to reach $5.6 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Semiconductor coolers, often referred to as Peltier coolers, thermoelectric coolers, or thermoelectric modules, are used to remove heat generated when direct current (DC) voltage is applied to semiconductors. When a voltage is applied, the cooler transfers heat from one area to another, cooling the first area while heating the second. Without the heat sink that goes along with these semiconductor coolers, the semiconductor module itself could malfunction.

According to the Energy Consumption of Data Centers in China, the current numbers of small- and medium-sized data centers in China exceeded 400,000, and the annual total power demand reached 100 billion kWh, i.e., around 250,000 kWh for each data center, annually.

Market Dynamics:


Growing demand for consumer electronics

The consumer electronics industry has seen significant change. LED and smart TVs are replacing Cathode Ray Tube (CRT) TVs, while electronic home equipment like washing machines and air conditioners are becoming totally autonomous. Manufacturers are continually working to introduce better consumer items with increased features in light of these improved inventions and the market thirst for better electronics. In the anticipated years, these variables will raise the demand for semiconductor coolers.


The availability of liquid cooling technology

Manufacturers of electronic components regulate the temperature of those components during the manufacturing process using conventional compressor-based methods. Traditional coolers and semiconductor coolers, however, are ineffective for high-power applications. Therefore, a huge number of semiconductor device makers are implementing liquid cooling technology due to an increase in the demand for high heat dissipation. This makes use of microchannel cold plates, which spread coolant liquids over the semiconductor chip's surface. Therefore, during the projected period, the growth of the market under consideration may be severely impacted by such product offers.


Implementation of high-performance engines

Engine development has been continuously influenced by the ongoing pursuit for lower fuel consumption and lower exhaust emissions. In particular, the tendency of shrinking engines while maintaining high performance has resulted in a steadily rising specific component load. Thus, charge air coolers are becoming more and more necessary for the development of high-performance engines, which has increased demand for them. Automobiles with high-performance engines meet emission limits and have excellent speed and power.


Condensation within a charge air cooler

Reducing the buildup of condensed water in intercoolers had been a challenge for charge air cooler manufacturers. When a significant amount of water has aspired, this can cause the engine to malfunction. The same intercooler body is frequently used in many cars by automakers to reduce costs and simplify the manufacturing process. As a result, overcooling of the intercooler occurs in smaller engines due to the proper dimensioning of an intercooler for greater displacement engines at high power regimes. When the engine runs at high revs, condensation can form in the intercooler even in the same car model at low power.

Covid-19 Impact:

Vehicle production has decreased as a result of COVID-19, and this decrease is closely correlated with the overall automotive charge air cooler market reduction. In contrast, it is anticipated that the pandemic effect will aid the gasoline segment in growing over diesel because diesel engines are expensive and the introduction of new emission rules further drives up their price, particularly in light-duty cars. As a result, a movement in favor of GDI or gasoline engines may be seen. As a result, the market for automobile charge air coolers will have a higher chance of expanding.

The single stage segment is expected to be the largest during the forecast period

The single stage segment is expected to be the largest during the forecast period. A single active cooling stage is all that is used in a single-stage semiconductor cooler to manage thermal performance. In order to cool the semiconductors in an electronic system, normally only one compressor, one condenser, and one evaporator are used. The most typical applications for single-stage semiconductor coolers are those where power and space are limited and where a multi-stage system's size and complexity are unworkable.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is expected to have the highest CAGR during the forecast period due to the effective cooling offered by these coolers, the front and rear seats of the car can each be separately chilled to the occupant's desire. Each passenger in the car receives personalized comfort as a result. Moreover, the need for semiconductor coolers is anticipated to increase in the upcoming years due to the growing trend of hybrid electric vehicles (HEV). Batteries for hybrid electric vehicles require efficient cooling techniques that maintain temperature during operation. Given any external state or environment, semiconductor coolers provide maximum cooling that regulates the battery temperature and gives maximum performance.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the high production and demand for passenger cars, as well as international emission standards. The market for automotive charge air coolers in Asia and the Pacific has benefited from the rise of fuel-efficient vehicles. Leading charge air cooler producers including Hanon Systems, T.RAD Co. Ltd., Marelli, and Denso Corporation are also present in the region, which presents chances for the industry there to expand. These businesses have been growing and establishing themselves in the area.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the existence of numerous local semiconductor cooler manufacturers and the increased demand for consumer electronics in the area. The region's rising manufacturing base and faster growth of industrial automation are both contributing to the market's expansion. Rising technical user bases, and growing consumer demand for electronic devices and gadgets are the factors influencing the region growth.

Key players in the market

Some of the key players in Semiconductor Coolers market include RMT, Ltd, Ferrotec Corporation, Micropelt, II-VI Incorporated, Thermion Company, Wellen Technology Co., Ltd., Phononic, Inc., Hicooltec Electronic, Tellurex Corporation, KELK, Ltd, Merit Technology Group, Hi-Z Technology, Komatsu, Laird PLC., Advanced Thermal Solutions Inc., Coherent Corp., Nippon India, Wallen Technology Co.Ltd and Hanon Systemss.

Key Developments:

In April 2021, Ferrotec (USA) Corporation announced that Metamaterial Inc, has collaborated with Ferrotec to validate aspects of their NanoWeb® production methodology using Temescal systems. Ferrotec’s Temescal systems group was able to validate Metamaterial’s process methodology and provide them with a technology solution path from cost-effective entry to high volume thin film production.

In March 2021, Hanon Systems announced that it had begun the construction of its fifth plant in Korea. The new plant, located in Naengcheon-ri, Oedong-eup, Gyeongju-si, will be built on a site that offers approximately 33,000 square meters of land. Construction of the Gyeongju facility is expected to be complete in the second quarter of 2021 with production expected to begin in the third quarter.

Types Covered:
• Single Stage
• Multi Stage
• Other Types

Product Designs Covered:
• Thin-Film Substrate Module
• Square Modules
• Round Modules
• Multi Hole Module
• Center Hole Module
• Other Product Designs

Application Covered:
• Temperature Cycling
• Optoelectronics Cooling
• Conventional Cooling
• Other Application

End Users Covered:
• Industrial
• Semiconductor
• Consumer Electronics
• Automotive
• Consumer Appliances
• Healthcare
• Pharmaceutical
• Information and Communication Technology
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Semiconductor Coolers Market, By Type
5.1 Introduction
5.2 Single Stage
5.3 Multi Stage
5.3.1 Two Stage
5.3.2 Three Stage
5.4 Other Types

6 Global Semiconductor Coolers Market, By Product Design
6.1 Introduction
6.2 Thin-Film Substrate Module
6.3 Square Modules
6.4 Round Modules
6.5 Multi Hole Module
6.6 Center Hole Module
6.7 Other Product Designs

7 Global Semiconductor Coolers Market, By Application
7.1 Introduction
7.2 Temperature Cycling
7.3 Optoelectronics Cooling
7.4 Conventional Cooling
7.5 Other Appslication

8 Global Semiconductor Coolers Market, By End User
8.1 Introduction
8.2 Industrial
8.2.1 Chromatography Systems
8.2.2 Laser Equipment
8.3 Semiconductor
8.4 Consumer Electronics
8.4.1 Testing Chambers
8.5 Automotive
8.5.1 Electric Vehicle Battery Cooling
8.5.2 Compartmental Cooling
8.5.3 Zonal Cooling
8.6 Consumer Appliances
8.7 Healthcare
8.8 Pharmaceutical
8.9 Information and Communication Technology
8.9.1 Data Centers
8.9.2 Telecommunication
8.10 Other End User

9 Global Semiconductor Coolers Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 RMT, Ltd
11.2 Ferrotec Corporation
11.3 Micropelt
11.4 II-VI Incorporated
11.5 Thermion Company
11.6 Wellen Technology Co., Ltd.
11.7 Phononic, Inc.
11.8 Hicooltec Electronic
11.9 Tellurex Corporation
11.10 KELK, Ltd
11.11 Merit Technology Group
11.12 Hi-Z Technology
11.11 Komatsu
11.14 Laird PLC.
11.15 Advanced Thermal Solutions Inc.
11.16 Coherent Corp.
11.17 Nippon India
11.18 Wallen Technology Co.Ltd

List of Tables
1 Global Semiconductor Coolers Market Outlook, By Region (2021-2030) ($MN)
2 Global Semiconductor Coolers Market Outlook, By Type (2021-2030) ($MN)
3 Global Semiconductor Coolers Market Outlook, By Single Stage (2021-2030) ($MN)
4 Global Semiconductor Coolers Market Outlook, By Multi Stage (2021-2030) ($MN)
5 Global Semiconductor Coolers Market Outlook, By Two Stage (2021-2030) ($MN)
6 Global Semiconductor Coolers Market Outlook, By Three Stage (2021-2030) ($MN)
7 Global Semiconductor Coolers Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Semiconductor Coolers Market Outlook, By Product Design (2021-2030) ($MN)
9 Global Semiconductor Coolers Market Outlook, By Thin-Film Substrate Module (2021-2030) ($MN)
10 Global Semiconductor Coolers Market Outlook, By Square Modules (2021-2030) ($MN)
9 Global Semiconductor Coolers Market Outlook, By Round Modules (2021-2030) ($MN)
12 Global Semiconductor Coolers Market Outlook, By Multi Hole Module (2021-2030) ($MN)
13 Global Semiconductor Coolers Market Outlook, By Center Hole Module (2021-2030) ($MN)
14 Global Semiconductor Coolers Market Outlook, By Other Product Designs (2021-2030) ($MN)
15 Global Semiconductor Coolers Market Outlook, By Application (2021-2030) ($MN)
16 Global Semiconductor Coolers Market Outlook, By Temperature Cycling (2021-2030) ($MN)
17 Global Semiconductor Coolers Market Outlook, By Optoelectronics Cooling (2021-2030) ($MN)
18 Global Semiconductor Coolers Market Outlook, By Conventional Cooling (2021-2030) ($MN)
19 Global Semiconductor Coolers Market Outlook, By Other Appslication (2021-2030) ($MN)
20 Global Semiconductor Coolers Market Outlook, By End User (2021-2030) ($MN)
21 Global Semiconductor Coolers Market Outlook, By Industrial (2021-2030) ($MN)
22 Global Semiconductor Coolers Market Outlook, By Chromatography Systems (2021-2030) ($MN)
23 Global Semiconductor Coolers Market Outlook, By Laser Equipment (2021-2030) ($MN)
24 Global Semiconductor Coolers Market Outlook, By Semiconductor (2021-2030) ($MN)
25 Global Semiconductor Coolers Market Outlook, By Consumer Electronics (2021-2030) ($MN)
26 Global Semiconductor Coolers Market Outlook, By Testing Chambers (2021-2030) ($MN)
27 Global Semiconductor Coolers Market Outlook, By Automotive (2021-2030) ($MN)
28 Global Semiconductor Coolers Market Outlook, By Electric Vehicle Battery Cooling (2021-2030) ($MN)
29 Global Semiconductor Coolers Market Outlook, By Compartmental Cooling (2021-2030) ($MN)
30 Global Semiconductor Coolers Market Outlook, By Zonal Cooling (2021-2030) ($MN)
31 Global Semiconductor Coolers Market Outlook, By Consumer Appliances (2021-2030) ($MN)
32 Global Semiconductor Coolers Market Outlook, By Healthcare (2021-2030) ($MN)
33 Global Semiconductor Coolers Market Outlook, By Pharmaceutical (2021-2030) ($MN)
34 Global Semiconductor Coolers Market Outlook, By Information and Communication Technology (2021-2030) ($MN)
35 Global Semiconductor Coolers Market Outlook, By Data Centers (2021-2030) ($MN)
36 Global Semiconductor Coolers Market Outlook, By Telecommunication (2021-2030) ($MN)
37 Global Semiconductor Coolers Market Outlook, By Other End User (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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