Solid-state Cooling Market Size 2026-2030
The solid-state cooling market size is valued to increase by USD 399.6 million, at a CAGR of 8.1% from 2025 to 2030. Surging demand for energy-efficient and environmentally conscious cooling technologies will drive the solid-state cooling market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 43.7% growth during the forecast period.
- By Type - Single stage segment was valued at USD 447.4 million in 2024
- By End-user - Automotive segment accounted for the largest market revenue share in 2024
Market Size & Forecast
- Market Opportunities: USD 744.1 million
- Market Future Opportunities: USD 399.6 million
- CAGR from 2025 to 2030 : 8.1%
Market Summary
- The Solid-State Cooling Market is defined by a shift toward more sustainable and efficient thermal management solutions. Driven by stringent regulations phasing out traditional refrigerants and the increasing power density of electronics, the industry is seeing wider adoption of thermoelectric coolers and related technologies.
- Key trends include the integration of these systems into electric vehicles for EV battery thermal management and the miniaturization of modules for consumer electronics and 5G infrastructure. While challenges related to initial cost and heat pumping capacity persist, ongoing advancements in materials science are improving performance.
- For example, a medical device OEM might implement solid-state systems to achieve the precise, vibration-free temperature control required for diagnostic equipment, ensuring result accuracy and enhancing device longevity while meeting environmental compliance standards. This pursuit of precision, reliability, and sustainability is expanding the technology's footprint across the automotive, healthcare, and high-performance computing sectors.
What will be the Size of the Solid-state Cooling Market during the forecast period?
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How is the Solid-state Cooling Market Segmented?
The solid-state cooling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.
- Type
- Single stage
- Multi stage
- End-user
- Automotive
- Semiconductor and electronics
- Healthcare
- Consumer
- Technology
- Electrocaloric cooling
- Magnetocaloric cooling
- Geography
- APAC
- China
- Japan
- India
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of World (ROW)
- APAC
By Type Insights
The single stage segment is estimated to witness significant growth during the forecast period.
Single-stage modules represent a foundational category within the thermal management industry, providing a compact and lightweight vapor-compression refrigeration alternative.
Key market drivers include the demand for precision temperature control in high-performance computing systems and the need for silent operation in various consumer and medical applications.
The technology’s design, which inherently leads to reduced maintenance requirements, enhances its appeal for deployments where long-term reliability is critical. As industries increasingly adopt energy-efficient cooling strategies, these modules offer a compelling solution.
Systems utilizing this technology have demonstrated energy efficiency improvements of up to 47% compared to conventional methods in certain low-power applications, reinforcing their value in space-constrained and power-sensitive environments.
The Single stage segment was valued at USD 447.4 million in 2024 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 43.7% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The geographic landscape is dominated by APAC, which accounts for 43.7% of the market, driven by its massive semiconductor and electronics manufacturing ecosystem. North America and Europe follow, with strong demand from aerospace, medical, and automotive sectors.
Regional dynamics are shaped by specialized high-tech needs. For instance, the development of quantum computing cooling and satellite avionics cooling is concentrated in regions with advanced R&D infrastructure.
Similarly, demand for cooling in military hardware and high-precision lasers is prominent in nations with significant defense and scientific industries.
The use of solid-state systems in analytical instruments and medical imaging systems is growing globally, with adoption rates in specialized medical applications increasing by nearly 15% in developed regions.
This highlights a global trend toward adopting high-reliability solutions for critical, high-value equipment.
Market Dynamics
Our researchers analyzed the data with 2025 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
- Strategic decision-making in the industry involves a detailed analysis of solid-state cooling versus vapor compression, particularly as applications diversify. For instance, the selection of solid-state cooling for electric vehicles is driven by the need for enhanced battery longevity and performance. Similarly, the use of thermoelectric modules for medical diagnostics highlights the technology’s precision.
- In parallel, magnetocaloric cooling in commercial refrigeration is gaining traction as a green alternative. The push for compact cooling for high-performance computing and advanced thermal management for 5G infrastructure underscores the need for innovation. This has spurred high-efficiency thermoelectric materials development, with a focus on improving ZT value in thermoelectric materials to create more cost-effective solid-state refrigeration solutions.
- Such advancements are crucial for the deployment of solid-state cooling for data centers and solid-state air conditioning systems. The technology’s versatility is evident in its use for thermal management of semiconductor equipment, thermoelectric cooling in consumer electronics, portable solid-state cooling devices, and solid-state cooling for laser systems.
- Despite challenges in scaling solid-state cooling, the reliability of thermoelectric cooling systems in demanding fields like thermoelectric coolers in aerospace applications is well-established. The environmental benefits of solid-state cooling position it for long-term growth, shaping the future of solid-state cooling technology. Companies adopting these systems report maintenance cycle extensions of over 60% compared to mechanical counterparts, a significant operational advantage.
What are the key market drivers leading to the rise in the adoption of Solid-state Cooling Industry?
- The surging demand for energy-efficient and environmentally conscious cooling technologies stands as a key driver for market growth.
- Market growth is significantly driven by a global push toward sustainability and technological advancement. Investments in green infrastructure and the mandate for HFC-free systems are compelling industries to adopt cleaner alternatives.
- This shift is particularly evident in data center cooling solutions, where energy efficiency is paramount, with advanced systems reducing cooling-related energy use by up to 30%.
- In parallel, the expansion of 5G infrastructure cooling requirements and the increasing sophistication of industrial automation equipment demand more compact and reliable thermal management.
- Sectors like aerospace and defense electronics are also key adopters, where performance in extreme environments is non-negotiable. These drivers collectively create a robust demand landscape for advanced, reliable cooling technologies.
What are the market trends shaping the Solid-state Cooling Industry?
- The persistent trend toward miniaturization and deeper integration within advanced electronics is a significant factor shaping the market. This movement creates escalating demand for more compact and efficient thermal management solutions.
- Key trends are driven by the need for environmentally friendly cooling in expanding high-tech sectors. In automotive, the focus on EV battery thermal management and enhanced passenger comfort through climate-controlled seating is creating significant demand.
- The healthcare industry's reliance on precise medical device cooling and high-reliability cooling for diagnostics is another major growth vector, with adoption in such critical systems growing by over 12% annually. Furthermore, the expansion of cold chain logistics for pharmaceuticals and other sensitive goods requires more efficient and dependable solutions than ever.
- This trend toward specialized, high-performance applications is pushing innovation in module design and material efficiency, opening new opportunities across multiple industries.
What challenges does the Solid-state Cooling Industry face during its growth?
- Limited cooling capacity and persistent cost pressures present a key challenge affecting industry growth.
- The market faces challenges in balancing performance with cost, particularly as high-power density components become more common in consumer electronics cooling. The push for advanced packaging techniques in semiconductors concentrates heat, demanding more effective dissipation than current cost-effective solutions can always provide.
- While the industry is shifting toward low GWP refrigerants, solid-state alternatives must still overcome hurdles in scalability and initial investment. The demand for portable medical devices and advanced scientific instrumentation cooling requires compact and highly efficient systems, but material costs can be a constraint.
- Innovations in material science are improving efficiency by over 10% in laboratory settings, but translating these gains into mass-produced, affordable components remains a primary focus for overcoming market barriers.
Exclusive Technavio Analysis on Customer Landscape
The solid-state cooling market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the solid-state cooling market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Solid-state Cooling Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, solid-state cooling market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AMS Technologies AG - Offers advanced thermoelectric modules and custom solid-state assemblies, providing precise, compact thermal management for critical industrial, medical, and electronics applications.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- AMS Technologies AG
- Crystal Ltd.
- CustomChill Inc.
- EVERREDtronics
- Ferrotec Holdings Corp.
- Kryotherm
- Phononic
- RMT Ltd.
- Sheetak Inc.
- Tark Thermal Solutions GmbH
- TE Technology Inc.
- TEC Microsystems GmbH
- Tellurex Corp.
- Wellen Technology Co. Ltd.
- XIDAS Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Solid-state cooling market
- In August 2025, Hyundai Motor Group patented a solid-state battery technology using copper, a development closely linked to advanced EV thermal management needs.
- In December 2024, reports indicated that Hyundai was finalizing a pilot production line for solid-state batteries at its South Korean R&D center, with vehicle testing slated for 2025.
- In October 2024, the United States Environmental Protection Agency issued its Final Rule on HFC Management, establishing measures to reduce emissions and mandate reclamation, thereby incentivizing HFC-free cooling alternatives.
- In May 2025, the UK's Advanced Research and Invention Agency committed approximately $57 million in funding for research projects focused on climate cooling technologies, invigorating innovation in advanced materials and thermodynamic cycles.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Solid-state Cooling Market insights. See full methodology.
| Market Scope | |
|---|---|
| Page number | 290 |
| Base year | 2025 |
| Historic period | 2020-2024 |
| Forecast period | 2026-2030 |
| Growth momentum & CAGR | Accelerate at a CAGR of 8.1% |
| Market growth 2026-2030 | USD 399.6 million |
| Market structure | Fragmented |
| YoY growth 2025-2026(%) | 8.9% |
| Key countries | China, Japan, India, South Korea, Australia, Indonesia, US, Canada, Mexico, Germany, UK, France, Italy, Spain, The Netherlands, Saudi Arabia, UAE, South Africa, Turkey, Israel, Brazil, Argentina and Colombia |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The market is fundamentally reshaped by regulatory pressures mandating sustainable thermal management solutions, forcing boardroom-level decisions on product lifecycle and compliance strategy. The phase-down of HFCs necessitates a shift toward advanced thermoelectric converters and other solid-state technologies. Innovation is centered on improving the figure of merit ZT of core semiconductor materials, moving beyond traditional bismuth telluride to explore nanostructured materials.
- Development of micro thermoelectric coolers and specialized thermoelectric assemblies is critical. These systems provide precise temperature stability and vibration-free operation, essential for high-density packages in electronics, where thermal design increasingly uses advanced thermal simulation tools. Engineers are integrating thermoelectric modules, including single stage modules and multi stage modules capable of cryogenic temperatures, into thermoelectric liquid chillers.
- The goal is to improve heat pumping capacity and achieve effective heat dissipation methods, preventing thermal throttling.
- These active cooling chip solutions, featuring robust ceramic components and moving away from bulky heat sinks, are key for applications from advanced semiconductor packaging like fan-out wafer-level packaging to waste heat recovery using thermoelectric generators, all based on the peltier effect and sometimes magnetocaloric cooling or electrocaloric cooling.
What are the Key Data Covered in this Solid-state Cooling Market Research and Growth Report?
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What is the expected growth of the Solid-state Cooling Market between 2026 and 2030?
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USD 399.6 million, at a CAGR of 8.1%
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What segmentation does the market report cover?
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The report is segmented by Type (Single stage, and Multi stage), End-user (Automotive, Semiconductor and electronics, Healthcare, and Consumer), Technology (Electrocaloric cooling, and Magnetocaloric cooling) and Geography (APAC, North America, Europe, Middle East and Africa, South America)
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Which regions are analyzed in the report?
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APAC, North America, Europe, Middle East and Africa and South America
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What are the key growth drivers and market challenges?
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Surging demand for energy-efficient and environmentally conscious cooling technologies, Limited cooling capacity and cost pressures
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Who are the major players in the Solid-state Cooling Market?
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AMS Technologies AG, Crystal Ltd., CustomChill Inc., EVERREDtronics, Ferrotec Holdings Corp., Kryotherm, Phononic, RMT Ltd., Sheetak Inc., Tark Thermal Solutions GmbH, TE Technology Inc., TEC Microsystems GmbH, Tellurex Corp., Wellen Technology Co. Ltd. and XIDAS Inc.
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Market Research Insights
- The market's dynamics are shaped by a push for higher operational efficiency and sustainability across high-tech sectors. The adoption of advanced solid-state systems in advanced telecommunications equipment and medical imaging systems is accelerating, driven by the need for superior temperature stability. In laboratory equipment cooling, these technologies enable precision that is unattainable with conventional methods.
- For instance, integrated systems have demonstrated the ability to reduce energy consumption in targeted cooling applications by up to 40% compared to legacy solutions.
- Furthermore, their solid-state nature eliminates mechanical failure points, leading to a reliability improvement that can decrease device downtime by over 50% in critical settings, providing a strong incentive for adoption in sectors where performance and uptime are paramount.
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