The Solid-State Cooling Market is estimated to grow from USD 395 million in 2019 to USD 641 million by 2024, at a CAGR of 10.2%.Major factors driving the solid-state cooling market growing awareness of green energy and increasing focus on curbing greenhouse gas emissions, simultaneous heating and cooling properties of solid-state cooling systems, and rising demand for precise temperature control and below ambient cooling.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99786622 Healthcare segment to hold largest share of solid-state cooling market, by end-user industry, during forecast period Healthcare and Life Sciences are mainly segmented into patient care, drug and vaccine management, and diagnostic and research laboratories.
The solid-state thermoelectric coolers provide reliable cooling for PCR applications that require fast thermal ramp rates, ability to perform multiple cycling protocols to detect multiple targets in a single cycle test, and real-time detection controls.
Medical lasers are commonly used in hospitals, outpatient surgical centers, and diagnostic centers.
CT and PET scanners use ion radiation created by X-rays to capture topographical images and MRIs use magnetic and radio frequency fields.
Prominent players in the US includes II-VI Marlow (US), TE technology (US), Phononic (US), Hi-Z Technology (US), Align Sourcing (US), and Advanced Thermoelectric (US).
China to Hold Largest Share of Solid-State Cooling Market in APAC During Forecast Period The solid-state cooling market in China is estimated to grow at the highest CAGR as it homes a few key manufacturers of solid-state cooling systems in the country such as Thermonamic Electronics (Jiangxi, China), EVERREDtronics (China), Hui Mao (China), Hicooltec Electronic (China), Merit Technology Group (China), and Wellen Technology (China).