Global and China Thermoelectric Cooler (TEC) Modules Market Insights, Forecast to 2027

Thermoelectric cooling uses the peltier effect to create a heat flux at the junction of two different types of materials.
There are many manufacturers in the United States to produce thermoelectric cooler modules, and II-VI Marlow Incorporated is the largest manufacturer in the world, followed by Komatsu, KJLP electronics co., ltd and Laird Thermal Systems. Top five manufacturers accounted for 41.24% market share in 2019.

Market Analysis and Insights: Global and China Thermoelectric Cooler (TEC) Modules Market
This report focuses on global and China Thermoelectric Cooler (TEC) Modules market.
In 2020, the global Thermoelectric Cooler (TEC) Modules market size was US$ 781.3 million and it is expected to reach US$ 1698.7 million by the end of 2027, with a CAGR of 11.7% during 2021-2027. In China the Thermoelectric Cooler (TEC) Modules market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Thermoelectric Cooler (TEC) Modules Scope and Market Size
Thermoelectric Cooler (TEC) Modules market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Thermoelectric Cooler (TEC) Modules market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Thermoelectric Cooler (TEC) Modules market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
Single Stage Module
Multistage Module
In 2019, single stage modules were the most preferred, and accounted for around 75.15% of the overall thermoelectric cooler modules market.

Segment by Application
Automotive
Electronic
Medical Industry
Defense & Aerospace
Food & Beverages
Others
Demand from the electronic industry accounts for the largest market share, being 33.58% in 2019.

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
II-VI Marlow Incorporated
Komatsu
KJLP
Laird Thermal Systems
Ferrotec
Kryotherm Industries
Z-MAX
RMT Ltd.
Thermion Company
Phononic
CUI Inc.
Crystal Ltd
Merit Technology Group
EVERREDtronics Ltd
TE Technology