Dublin, May 22, 2024 (GLOBE NEWSWIRE) -- The "Semiconductor Cooler Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global semiconductor cooler market is expected to reach an estimated $4.5 billion by 2030 with a CAGR of 5.0% from 2024 to 2030.
The major drivers for this market are rising need for renewable energy sources, increasing sales of consumer electronics, as well as, growing trend toward miniaturization, and rapid industrialization and continued technological advancements. The future of the market looks promising with opportunities in the automotive, consumer electronic, healthcare, and aerospace & defense markets.
The study includes a forecast for the global semiconductor cooler by type, application, and region.
Semiconductor Cooler Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Single Stage Semiconductor Cooler
- Multi-Stage Semiconductor Cooler
Single stage semiconductor coolers will remain the larger segment over the forecast period because the applications include maintaining the temperature range in bolometers and ferroelectric detectors, maintaining the viscosity in inkjet printers, and maintaining fiber optic systems with laser diode arrays, among others.
Semiconductor Cooler Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Automotive
- Consumer Electronics
- Healthcare
- Aerospace & Defense
- Others
Semiconductor Cooler Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
APAC is expected to witness highest growth over the forecast period due to presence of numerous regional semiconductor cooler producers, increased industrial automation expansion in the manufacturing sector, and increased demand for consumer electronics in this area.
List of Semiconductor Cooler Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies semiconductor cooler companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the semiconductor cooler companies profiled in this report include:
- Advanced Thermal Solutions
- Coherent
- Custom Thermoelectric
- Ferrotec
- Laird Thermal Systems
- Merit Technology
- Nippon India
Features of the Global Semiconductor Cooler Market
- Market Size Estimates: Semiconductor cooler market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Semiconductor cooler market size by type, application, and region in terms of value ($B).
- Regional Analysis: Semiconductor cooler market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the semiconductor cooler market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the semiconductor cooler market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/q6v6dv
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