Home > > IT And Telecommunications > > Solid-State Cooling Market Size Surpass CAGR of 10.5% till 2035
ID : CBI_3391 | Updated on : | Author : CBI | Category : IT And Telecommunications
Solid-State Cooling Market size is estimated to reach over USD 2.46 Billion by 2035 from a value of USD 0.82 Billion in 2024 and is projected to grow by USD 0.90 Billion in 2025, growing at a CAGR of 10.5% from 2025 to 2035
Solid-state cooling is an advanced cooling technology that provides temperature control and heat management by using semiconductor cooling solutions without the use of refrigerants and mechanical compressors. The solid-state cooling system works by transferring heat using the principles of thermoelectric, electrocaloric, and magnetocaloric effects to provide efficient and precise cooling. The solid-state cooling system includes cooling modules, control modules, and integration components that are used for real-time temperature control and heat management in consumer electronics, automotive, healthcare, telecommunication, and industrial sector.
In addition, the key factors driving the growth of the solid-state cooling market are the rising demand for energy-efficient cooling solutions, the growing adoption of compact electronic devices, and the increasing focus on environmentally friendly cooling solutions technologies. In addition, the solid-state cooling system has several benefits, such as improved energy efficiency, reduced maintenance, precise temperature control, and silent operation. The solid-state cooling market is experiencing growth as a result of the aforementioned factors.
AI uses machine learning and data analysis algorithms to process temperature and thermal management data in a more accurate and efficient manner, thus optimizing cooling performance and improving energy efficiency. The AI system is trained based on past and present temperature trends, which assists in predictive analysis and enhances the accuracy of the system for various operating conditions. In addition, AI enables real-time monitoring and automatic cooling adjustments based on system performance and cooling requirements, thus optimizing the efficiency of thermal management.
Additionally, AI enables proactive issue identification through the detection of temperature fluctuations, performance anomalies, and system inefficiencies, thus allowing industries to shift from conventional cooling approaches to intelligent and predictive cooling management. This enhances the efficiency, reliability, and performance of cooling systems, thus promoting the development of the solid-state cooling market.
The solid-state cooling market is growing due to rising demand for energy-efficient and environmentally safe cooling technologies. Traditional cooling systems use refrigerants and moving parts, which increase maintenance needs and environmental impact. In contrast, solid-state cooling systems operate without compressors or harmful refrigerants. This reduces energy consumption and supports sustainability goals.
The growing use of compact electronics, medical devices, and precision instruments is increasing the need for small and quiet cooling systems. Solid-state technologies provide precise temperature control, which improves device performance and reliability.
Therefore, the increasing demand for energy-efficient and refrigerant-free cooling technologies is driving the growth of the solid-state cooling market.
The high cost of investment associated with solid-state cooling systems, such as thermoelectric modules, control systems, and integration components, is slowing the adoption of solid-state cooling systems among cost-conscious enterprises. In addition, the cost of ongoing expenses, including system integration, maintenance, and technical support, is also adding to the increase in the total cost of ownership. Budget-conscious organizations also incur additional costs for system deployment, infrastructure modification, and technical implementation, thereby limiting the adoption of solid-state cooling systems among small and medium enterprises.
Therefore, the solid-state cooling market is being restrained by the high initial installation costs.
The increasing adoption of electric vehicles and advanced consumer electronics is thereby creating a positive impact on the use of solid-state cooling systems. These technologies help in improving battery performance, maintaining optimal temperature, and enhancing device efficiency, which is thereby increasing the use of solid-state cooling systems in automotive and electronics applications. Furthermore, the integration of solid-state cooling systems with advanced electronic and battery systems is thus aiding in improving system performance and reliability.
Hence, the growing adoption of electric vehicles and advanced electronics is expected to create large-scale deployment opportunities for the solid-state cooling market during the forecast period.
On the basis of cooling type, the solid-state cooling market is segmented into single-stage, multi-stage, and thermocycler.
Trends in Cooling Type:
The single-stage segment was responsible for the highest revenue share in 2024.
It is anticipated that the thermocycler segment will exhibit the highest compound annual growth rate (CAGR) during the forecast period.
On the basis of products, the solid-state cooling market is segmented into refrigeration systems and cooling systems.
Trends in Products:
The cooling systems segment was responsible for the highest revenue share in 2024.
It is anticipated that the refrigeration systems segment will exhibit the highest compound annual growth rate (CAGR) during the forecast period.
On the basis of technology, the solid-state cooling market is segmented into thermoelectric cooling, electrocaloric cooling, magnetocaloric cooling, and others.
Trends in Technology:
The thermoelectric cooling segment was responsible for the highest revenue share in 2024.
It is anticipated that the electrocaloric cooling segment will exhibit the highest compound annual growth rate (CAGR) during the forecast period.

On the basis of end user, the market is divided into consumer electronics, automotive, healthcare, telecommunications, industrial, and other end users.
Trends in the End User:
Consumer electronics sector accounted for the largest revenue share of 34.56% in 2024.
Automotive sector anticipated to register the fastest CAGR during the forecast period.
North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America are the regions of coverage.

In 2024, North America accounted for the highest market share at 34.60% and was valued at USD 0.28 Billion, and is expected to reach USD 0.85 Billion by 2035. In North America, the U.S. accounted for the highest market share of 77.85% during the base year of 2024. The US accounted for the highest revenue share. Market growth is primarily driven by early adoption of advanced cooling technologies and increasing demand for energy-efficient cooling systems in electronics and automotive industries, which supports regional leadership. Furthermore, strong technological advancements and increasing investment in advanced cooling technologies are propelling system deployment. While other countries are expected to drive market demand in the North American region over the forecast period.

In Asia Pacific, the Solid-State Cooling market is projected to witness the fastest growth with an estimated CAGR of 12.94% over the forecast period 2025–2035. The Asia Pacific market is growing due to the rising production of consumer electronics and electric vehicles. In addition, the growing investment in advanced technologies and increasing industrial development are driving the growth of the market in the Asia Pacific region.
Europe solid-state cooling market is growing owing to increasing adoption of energy-efficient cooling technologies and rising demand for compact thermal management solutions in electronics, automotive, and healthcare sectors are driving growth of the solid-state cooling market in this region.
Market growth in the Middle East & Africa solid-state cooling market is expanding due to rising investment in advanced infrastructure, growing adoption of electronics and telecommunications equipment, and increasing demand for reliable cooling solutions in harsh environmental conditions are driving demand in this region.
Latin America solid-state cooling market is driven by increasing adoption of advanced electronics, rising development of industrial infrastructure, and growing demand for efficient and low-maintenance cooling technologies are driving demand for solid-state cooling solutions in this region.
The solid-state cooling market is fairly competitive, with key manufacturers offering solutions for both national and international markets. Furthermore, players are employing methods such as product launches, partnerships, and expansion to maintain a competitive advantage in the solid-state cooling market. Key participants in the market include:
| Report Attributes | Report Details |
|---|---|
| Study Timeline | 2024-2035 |
| Market Size in 2035 (USD Billion) | USD 2.46 Billion |
| CAGR (2025-2032) | 10.5% |
| By Cooling Type |
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| By Products |
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| By Technology |
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| By End User |
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| By Region |
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| Key Players |
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| Report Coverage |
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Solid-state cooling market size is estimated to reach over USD 2.46 Billion by 2035 from a value of USD 0.82 Billion in 2024 and is projected to grow by USD 0.90 Billion in 2025, growing at a CAGR of 10.5% from 2025 to 2035.
The solid-state cooling report includes specific segmentation details for cooling type, products, technology, end user, and regions.
In the solid-state cooling market, the thermocycler is the fastest-growing segment during the forecast period, driven by the rising use of thermocyclers in biotechnology, healthcare, and diagnostic applications.
The key participants in the solid-state cooling marketare Ferrotec Holdings Corporation (Japan), Coherent Corp (U.S.), Delta Electronics, Inc. (Taiwan), Tark Thermal Solutions (U.S.), Laird Thermal Systems, Inc. (Germany), Thermion Company (U.S.), Mercury Systems, Inc. (U.S.), RMT Ltd. (Russia), Kryotherm (Russia), and Phononic, Inc. (U.S.) and others.
The solid-state cooling market is shaped by key trends including increasing demand for energy-efficient cooling solutions and other key trends driving the market.