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The semiconductor coolers market share is expected to increase to USD 183.76 million by 2026 at a progressing CAGR of 5.33%. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.
The semiconductor coolers market vendors studied and compiled in this report include Advanced Thermal Solutions Inc., CUI Devices, Custom Thermoelectric LLC, EH4 GmbH, Ferrotec Holdings Corp., Hi-Z Technology Inc., II-VI Inc., Komatsu Ltd., Kyocera Corp., Laird Thermal Systems GmbH, Merit Technology Group Co. Ltd., MikroElektronika d.o.o., Nippon India, T Global Technology Europe and N. America Ltd., TE Technology Inc., Thermion Co., Thermonamic Electronics Jiangxi Corp. Ltd., Wakefield Thermal Inc., Wellen Technology Co. Ltd., and Xiamen Hicool Electronics Co. Ltd. among others.
The semiconductor coolers market research report extensively covers market segmentations by the following:
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The growing demand for consumer electronics is notably driving the semiconductor coolers market growth, although factors such as the availability of liquid cooling technology may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the semiconductor coolers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Semiconductor Coolers Market Driver
One of the key factors driving the global semiconductor coolers market growth is the growing demand for consumer electronics. The consumer electronics market has seen massive transformations since 2013. Cathode ray tube (CRT) TVs are being replaced by LEDs and smart TVs, while electronic home appliances, such as washing machines and ACs, are becoming fully automatic. Thus, manufacturers and developers are attempting to take this transformation further by interconnecting all these electronic home appliances and creating a single unit called smart homes, controlled by apps. This concept is powered by another cutting-edge technology called the IoT. With such improved innovations and consumer appetite for better electronics, manufacturers are constantly focusing on introducing better consumer products with improved functionalities. Such factors will increase the demand for semiconductor coolers in the forecast years.
Key Semiconductor Coolers Market Trend
Growing number of strategic alliances in the market is one of the key semiconductor coolers market trends that is expected to impact the industry positively in the forecast period. Several vendors offer semiconductor coolers at both the global and regional levels, and to sustain and expand their market shares, resorting to M&A is a major business strategy. Some M and A instances are mentioned below:
To acquire potential market shares and improve distribution channels, vendors opt for M&A, and this trend is likely to continue in the forthcoming years.
Key Semiconductor Coolers Market Challenge
One of the key challenges to the global semiconductor coolers market growth is the availability of liquid cooling technology. Electronic component manufacturers use traditional compressor-based systems to control the temperature of electronic components during the manufacturing process. However, semiconductor coolers and traditional coolers are not effective for high-power-intensive applications. Thus, with an increase in the need for high heat dissipation, a large number of semiconductor device manufacturers are adopting liquid cooling technology. This involves microchannel cold plates, which circulate coolant fluids throughout the surface of the semiconductor chip. Mikros Technologies is one of the major vendors offering liquid cooling products for semiconductor cooling applications. Therefore, such product offerings may negatively impact the growth of the market in focus during the forecast period.
This semiconductor coolers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global semiconductor coolers market as a part of the global semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the semiconductor coolers market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the semiconductor coolers market encompasses successful business strategies deployed by the key vendors. The semiconductor cooler market is fragmented and the vendors are deploying growth strategies such as M&A activities to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The semiconductor coolers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the semiconductor coolers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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52% of the market's growth will originate from APAC during the forecast period. China, Taiwan, and South Korea are the key markets for semiconductor coolers in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The high concentration of foundries, semiconductor wafer manufacturers, and semiconductor cooler manufacturers such as Ferrotec Corp., Wellen Technology Co., Ltd., and Xiamen Hicool Electronics Co., Ltd. will facilitate the semiconductor coolers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 led to the imposition of complete lockdowns across countries in the region in 2020. Several countries, such as China, India, Japan, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, declared a partial or complete lockdown. However, in 2021, the regional market started to recover owing to large-scale vaccination drives and the resumption of business operations of end-users in this region. During the forecast period, a rise in demand for smart consumer appliances is expected to foster regional market growth.
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The semiconductor cooler market share growth by the automotive segment will be significant during the forecast period. The high demand for electronics to be used in vehicle dashboards will be driving the semiconductor coolers market growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the semiconductor coolers market size and actionable market insights on post COVID-19 impact on each segment.
Semiconductor Coolers Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.33% |
Market growth 2022-2026 |
$ 183.76 million |
Market structure |
Fragmented |
YoY growth (%) |
3.33 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 52% |
Key consumer countries |
US, China, Taiwan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Advanced Thermal Solutions Inc., CUI Devices, Custom Thermoelectric LLC, EH4 GmbH, Ferrotec Holdings Corp., Hi-Z Technology Inc., II-VI Inc., Komatsu Ltd., Kyocera Corp., Laird Thermal Systems GmbH, Merit Technology Group Co. Ltd., MikroElektronika d.o.o., Nippon India, T Global Technology Europe and N. America Ltd., TE Technology Inc., Thermion Co., Thermonamic Electronics Jiangxi Corp. Ltd., Wakefield Thermal Inc., Wellen Technology Co. Ltd., and Xiamen Hicool Electronics Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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