This industry research report presents a detailed segmentation of the global semiconductor coolers market by application (automobile, defense, consumer electronics, healthcare, and others) and by geography (the Americas, APAC, and EMEA). The top vendors analyzed in this market research report are Ferrotec, II-VI Marlow Industries, Liard, and TE Technology.
Technavio’s market research analysts estimate the global semiconductor cooler market to grow at a CAGR of around 8% between 2016 and 2020. The emergence of advanced consumer electronics, advances in smart home and smart grid technology, and the need for optimized energy consumption are driving the need for semiconductor coolers. With the increasing demand for thermoelectric coolers (TECs), the semiconductor cooler market is expected to post significant growth during the forecast period. Moreover, IoT will accelerate the growth of electronic devices, which employ TECs, leading to growth in global semiconductor coolers market. APAC is expected to dominate the semiconductor cooler market, owing to the growing demand for thermoelectric semiconductor coolers from the consumer electronics and automotive sectors
The new market research report from Technavio provides a breakdown and analysis of the semiconductor cooler segments by technology.
“The emergence of Internet of Things (IoT) is a major factor propelling the growth prospects for this market. In today’s era of technology, IoT is the latest trend as it helps to connect essential electronic devices to the Internet. The significant technological requirements for IoT are likely to augment the need for specialized TECs, especially for energy harvesting. Since TECs ensure efficient power management and dissipation of heat, its demand during the forecast period is likely to witness a stark increase,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research
The automobiles segment is expected to dominate the semiconductor cooler market, and will account for a significant share of the total market and will post an impressive market share of approximately 52% by 2020. TECs are mostly used in automobile air conditioning (AC) systems for temperature control purposes. In some luxury automobiles, they are also used to control the temperature of the seat surface. Due to the steady growth of the automobiles market, the demand for semiconductor coolers will also increase.
Segmentation of global semiconductor cooler market by application 2020
Source: Technavio, 2016
The leading vendors in the global semiconductor cooler market include Ferrotec, II-VI Marlow Industries, Liard, and TE Technology. The market is highly competitive as most of the vendors compete on the basis of product price and quality. The vendors that have the capability to realize that a standard set of solutions will not be enough to meet varied consumer requirements will gain a competitive edge over their peers.
A more detailed analysis is available in the Technavio report, Global Semiconductor Cooler Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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