North America Solid State Cooling Market Size, Share & Trends Analysis Report By Product (Cooling Systems and Refrigeration Systems), By Type, ByTechnology, By Vertical. By Country and Growth Forecast, 2024 - 2031

The North America Solid State Cooling Market would witness market growth of 12.5% CAGR during the forecast period (2024-2031).

The US market dominated the North America Solid State Cooling Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $408.6 million by 2031. The Canada market is experiencing a CAGR of 15% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14% during (2024 - 2031).

Solid-state cooling technology operates based on the principles of thermoelectricity, using the Peltier effect to create a cooling effect without the need for harmful refrigerants. This makes it an attractive alternative to traditional cooling systems, particularly in applications where environmental regulations are stringent. In addition to being environmentally friendly, solid-state cooling technology offers other advantages, such as energy efficiency, compactness, and precise temperature control. These benefits further enhance its appeal in the market, driving its adoption across various applications.

Numerous untapped applications exist where solid-state cooling could offer innovative solutions and drive further market expansion. A domain in which exact temperature regulation is critical to preserve the quality and freshness of perishable products is food and beverage storage. Solid-state cooling could offer a sustainable and efficient alternative to traditional refrigeration systems, particularly in smaller-scale operations such as boutique food stores, restaurants, and food trucks.

Canada's growing investment in the healthcare sector drives the demand for precision cooling solutions in medical equipment and devices. According to the Canadian government, in 2023, provinces and territories will receive an additional $46.2 billion in financing as part of a $196.1 billion ten-year investment by the government to enhance health care services for all Canadians. Therefore, the expansion of the healthcare industry and the increasing renewable energy sector in the region are driving the market's growth.

Free Valuable Insights: The Solid State Cooling Market is Predict to reach USD 2 Billion by 2031, at a CAGR of 13.2%

Based on Product, the market is segmented into Cooling Systems and Refrigeration Systems. Based on Type, the market is segmented into Single-Stage, Multi-Stage, and Thermocycler. Based on Technology, the market is segmented into Thermoelectric Cooling, Electrocaloric Cooling, Magnetocaloric Cooling and Others. Based on Vertical, the market is segmented into Healthcare, Semiconductor & Electronics, Automotive, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Crystal Ltd.
• CUI Devices (Back Porch International, Inc.)
• Delta Electronics, Inc.
• Ferrotec Holdings Corporation
• Coherent Corp.
• Komatsu Ltd.
• Laird Thermal Systems, Inc.
• Solid State Cooling Systems, Inc.
• TE Technology, Inc.
• TEC Microsystems GmbH

North America Solid State Cooling Market Report Segmentation

By Product

• Cooling Systems
• Refrigeration Systems

By Type

• Single-Stage
• Multi-Stage
• Thermocycler

By Technology

• Thermoelectric Cooling
• Electrocaloric Cooling
• Magnetocaloric Cooling
• Others

By Vertical

• Healthcare
• Semiconductor & Electronics
• Automotive
• Residential
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. MarketScope & Methodology
1.1 MarketDefinition
1.2 Objectives
1.3 MarketScope
1.4 Segmentation
1.4.1 North America Solid State Cooling Market, by Product
1.4.2 North America Solid State Cooling Market, by Type
1.4.3 North America Solid State Cooling Market, by Technology
1.4.4 North America Solid State Cooling Market, by Vertical
1.4.5 North America Solid State Cooling Market, by Country
1.5 Methodology for the research

Chapter 2. Marketat a Glance
2.1 Key Highlights

Chapter 3. MarketOverview
3.1 Introduction
3.1.1 Overview
3.1.1.1 MarketComposition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 MarketDrivers
3.2.2 MarketRestraints
3.2.3 MarketOpportunities
3.2.4 MarketChallenges
3.3 Porter’s Five Forces Analysis

Chapter 4. North America Solid State Cooling Market by Product
4.1 North America Cooling Systems Market by Region
4.2 North America Refrigeration Systems Market by Region

Chapter 5. North America Solid State Cooling Market by Type
5.1 North America Single-Stage Market by Country
5.2 North America Multi-Stage Market by Country
5.3 North America Thermocycler Market by Country

Chapter 6. North America Solid State Cooling Market by Technology
6.1 North America Thermoelectric Cooling Market by Country
6.2 North America Electrocaloric Cooling Market by Country
6.3 North America Magnetocaloric Cooling Market by Country
6.4 North America Others Market by Country

Chapter 7. North America Solid State Cooling Market by Vertical
7.1 North America Healthcare Market by Country
7.2 North America Semiconductor & Electronics Market by Country
7.3 North America Automotive Market by Country
7.4 North America Residential Market by Country
7.5 North America Others Market by Country

Chapter 8. North America Solid State Cooling Market by Country
8.1 US Solid State Cooling Market
8.1.1 US Solid State Cooling Market by Product
8.1.2 US Solid State Cooling Market by Type
8.1.3 US Solid State Cooling Market by Technology
8.1.4 US Solid State Cooling Market by Vertical
8.2 Canada Solid State Cooling Market
8.2.1 Canada Solid State Cooling Market by Product
8.2.2 Canada Solid State Cooling Market by Type
8.2.3 Canada Solid State Cooling Market by Technology
8.2.4 Canada Solid State Cooling Market by Vertical
8.3 Mexico Solid State Cooling Market
8.3.1 Mexico Solid State Cooling Market by Product
8.3.2 Mexico Solid State Cooling Market by Type
8.3.3 Mexico Solid State Cooling Market by Technology
8.3.4 Mexico Solid State Cooling Market by Vertical
8.4 Rest of North America Solid State Cooling Market
8.4.1 Rest of North America Solid State Cooling Market by Product
8.4.2 Rest of North America Solid State Cooling Market by Type
8.4.3 Rest of North America Solid State Cooling Market by Technology
8.4.4 Rest of North America Solid State Cooling Market by Vertical

Chapter 9. Company Profiles
9.1 Delta Electronics, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Ferrotec Holdings Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 SWOT Analysis
9.3 Coherent Corp.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 SWOT Analysis
9.4 Komatsu Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 Crystal Ltd.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 CUI Devices (Back Porch International, Inc.)
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Laird Thermal Systems, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and Product Expansions:
9.7.3 SWOT Analysis
9.8 Solid State Cooling Systems, Inc.
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 TE Technology, Inc.
9.9.1 Company Overview
9.10. TEC Microsystems GmbH
9.10.1 Company Overview
9.10.2 SWOT Analysis

TABLE 1 North America Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 2 North America Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 3 North America Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 4 North America Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 5 North America Cooling Systems Market by Region, 2020 - 2023, USD Million
TABLE 6 North America Cooling Systems Market by Region, 2024 - 2031, USD Million
TABLE 7 North America Refrigeration Systems Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Refrigeration Systems Market by Region, 2024 - 2031, USD Million
TABLE 9 North America Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 10 North America Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 11 North America Single-Stage Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Single-Stage Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Multi-Stage Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Multi-Stage Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Thermocycler Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Thermocycler Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 18 North America Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 19 North America Thermoelectric Cooling Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Thermoelectric Cooling Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Electrocaloric Cooling Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Electrocaloric Cooling Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Magnetocaloric Cooling Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Magnetocaloric Cooling Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 28 North America Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 29 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Semiconductor & Electronics Market by Country, 2020 - 2023, USD Million
TABLE 32 North America Semiconductor & Electronics Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Residential Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Residential Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Solid State Cooling Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Solid State Cooling Market by Country, 2024 - 2031, USD Million
TABLE 41 US Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 42 US Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 43 US Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 44 US Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 45 US Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 46 US Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 47 US Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 48 US Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 49 US Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 50 US Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 51 Canada Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 52 Canada Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 53 Canada Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 54 Canada Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 55 Canada Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 56 Canada Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 57 Canada Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 58 Canada Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 59 Canada Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 60 Canada Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 61 Mexico Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 62 Mexico Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 63 Mexico Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 64 Mexico Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 65 Mexico Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 66 Mexico Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 67 Mexico Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 68 Mexico Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 69 Mexico Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 70 Mexico Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 71 Rest of North America Solid State Cooling Market, 2020 - 2023, USD Million
TABLE 72 Rest of North America Solid State Cooling Market, 2024 - 2031, USD Million
TABLE 73 Rest of North America Solid State Cooling Market by Product, 2020 - 2023, USD Million
TABLE 74 Rest of North America Solid State Cooling Market by Product, 2024 - 2031, USD Million
TABLE 75 Rest of North America Solid State Cooling Market by Type, 2020 - 2023, USD Million
TABLE 76 Rest of North America Solid State Cooling Market by Type, 2024 - 2031, USD Million
TABLE 77 Rest of North America Solid State Cooling Market by Technology, 2020 - 2023, USD Million
TABLE 78 Rest of North America Solid State Cooling Market by Technology, 2024 - 2031, USD Million
TABLE 79 Rest of North America Solid State Cooling Market by Vertical, 2020 - 2023, USD Million
TABLE 80 Rest of North America Solid State Cooling Market by Vertical, 2024 - 2031, USD Million
TABLE 81 Key Information – Delta Electronics, Inc.
TABLE 82 key information – Ferrotec Holdings Corporation
TABLE 83 Key Information – Coherent Corp.
TABLE 84 Key Information – Komatsu Ltd.
TABLE 85 Key Information – Crystal Ltd.
TABLE 86 Key Information – CUI Devices
TABLE 87 Key Information – Laird Thermal Systems, Inc.
TABLE 88 Key Information – Solid State Cooling Systems, Inc.
TABLE 89 Key Information – TE Technology, Inc.
TABLE 90 Key Information – TEC Microsystems GmbH

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Solid State Cooling Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Solid State Cooling Market
FIG 4 Porter’s Five Forces Analysis – Solid State Cooling Market
FIG 5 North America Solid State Cooling Marketshare by Product, 2023
FIG 6 North America Solid State Cooling Marketshare by Product, 2031
FIG 7 North America Solid State Cooling Market by Product, 2020 - 2031, USD Million
FIG 8 North America Solid State Cooling Marketshare by Type, 2023
FIG 9 North America Solid State Cooling Marketshare by Type, 2031
FIG 10 North America Solid State Cooling Market by Type, 2020 - 2031, USD Million
FIG 11 North America Solid State Cooling Marketshare by Technology, 2023
FIG 12 North America Solid State Cooling Marketshare by Technology, 2031
FIG 13 North America Solid State Cooling Market by Technology, 2020 - 2031, USD Million
FIG 14 North America Solid State Cooling Marketshare by Vertical, 2023
FIG 15 North America Solid State Cooling Marketshare by Vertical, 2031
FIG 16 North America Solid State Cooling Market by Vertical, 2020 - 2031, USD Million
FIG 17 North America Solid State Cooling Marketshare by Country, 2023
FIG 18 North America Solid State Cooling Marketshare by Country, 2031
FIG 19 North America Solid State Cooling Market by Country, 2020 - 2031, USD Million
FIG 20 SWOT Analysis: Delta Electronics, Inc.
FIG 21 SWOT Analysis: Ferrotec Holdings Corporation
FIG 22 SWOT Analysis: Coherent Corp.
FIG 23 SWOT Analysis: Komatsu Ltd.
FIG 24 SWOT Analysis: Crystal Ltd.
FIG 25 SWOT Analysis: CUI Devices
FIG 26 SWOT Analysis: Laird Thermal Systems, Inc.
FIG 27 SWOT Analysis: Solid State Cooling Systems, Inc.
FIG 28 SWOT Analysis: TE Technology, Inc.