Peltier Device Market Share, Sales Volume, Price Analysis Report 2025
2025年 11月 21日(金曜日) 12:26
On Nov 21, the latest report "Global Peltier Device Market 2025 by Manufacturers, Regions, Types and Applications, Forecast to 2031" from Global Info Research provides a detailed and comprehensive analysis of the global Peltier Device market. The report provides both quantitative and qualitative analysis by manufacturers, regions and countries, types and applications. As the market is constantly changing, this report explores market competition, supply and demand trends, and key factors that are causing many market demand changes. The report also provides company profiles and product examples of some of the competitors, as well as market share estimates for some of the leading players in 2025.
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According to our (Global Info Research) latest study, the global Peltier Device market size was valued at US$ 895 million in 2024 and is forecast to a readjusted size of USD 1579 million by 2031 with a CAGR of 8.5% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
In 2024, global Peltier Device production reached approximately 205.33 M Units, with an average global market price of around 4.24 USD per Unit. Peltier Device also known as thermoelectric coolers (TECs), are solid-state devices that utilize the Peltier effect to transfer heat between two surfaces when an electric current is applied. They consist of multiple pairs of p-type and n-type semiconductor materials connected electrically in series and thermally in parallel. When a DC current passes through the module, one side absorbs heat (cooling side), while the other side releases heat (heating side). This allows for precise temperature control without moving parts, making them compact, reliable, and quiet.
Peltier Device's upstream raw materials primarily include bismuth telluride, extruded aluminum, plastic pellets, and copper-clad substrates. Major suppliers include Furukawa, Rogers, Tong Hsing, Ortech, Shanghai Vital, ABSCO Limited, RusTec, Reade, ESPI Metals, and Vital Materials. Downstream applications include consumer electronics, communications, medical, automotive, industrial, defense, and aerospace. Typical customers include Dometic, Samsung, Huawei, Nokia, Thermo Fisher Scientific, Siemens, Haier Biomedical, Robert Bosch, and Continental.
Peltier Device's single-line production capacity ranges from 300,000 to 400,000 units per year, depending on production scale, process technology, and manufacturer. The product gross profit margin is between 30% and 40%.
The history of Peltier Device can be traced back to the discovery of the Peltier effect in the 19th century, but it was not until the mid-20th century, with the development of semiconductor materials, that Peltier Device technology was truly commercialized. Early Peltier Device were mainly used in the military and aerospace fields. After the 1980s, with the rapid development of the electronics industry, Peltier Device gradually entered the consumer electronics, medical equipment and industrial fields.
Peltier Device work based on the Peltier effect. When current passes through a thermocouple composed of p-type and n-type semiconductor materials, one end absorbs heat (cold end) and the other end releases heat (hot end), thereby achieving the effect of cooling or heating. This solid-state thermal management technology does not require mechanical moving parts and has the characteristics of compact structure, no noise, high reliability, and precise temperature control. In addition, by reversing the direction of the current, Peltier Device can also achieve a heating function, which gives it a unique advantage in bidirectional temperature control applications. The core advantage of Peltier Device lies in their solid-state design and precise temperature control capabilities, but their efficiency is relatively low and they are usually used in low-power or high-space and noise requirements.
With the popularization of technologies such as 5G communications, artificial intelligence, and the Internet of Things, the development of Peltier Device in consumer electronics, communications, automobiles, and medical fields has been accelerated. According to our data, the global shipment of Peltier Device will exceed 205 million units in 2024, and it is expected to continue to grow at an average annual compound growth rate (CAGR) of more than 10% by 2030.
North America, Europe, and Asia Pacific are the main regions of the Peltier Device market. The North American market benefits from strong demand for the electronics industry and medical technology, while the European market focuses on environmental protection and sustainable development. The Asia-Pacific region (especially China, Japan, and South Korea) has become the fastest growing region in the global Peltier Device market with its rapidly developing electronics manufacturing and new energy vehicle industries. In 2024, the market size of the Asia-Pacific region will be nearly US0 million, accounting for more than 50% of the world, of which China occupies the largest consumer market in Asia-Pacific.
From the perspective of industry participants, the main players in Peltier Device include Ferrotec, KELK Ltd.(Komatsu), Coherent Corp (formerly II-VI Incorporated), Tark Thermal Solutions (formerly Laird Thermal Systems), KYOCERA, Phononic, Guangdong Fuxin Technology, ARCTIC TEC, KJLP, Thermion Company, Z-MAX, Zhejiang Wangu Semiconductor, Xianghe Oriental Electronic, Thermonamic Electronics, TE Technology, P&N Technology, Kryotherm Industries, Crystal Ltd, etc. The leading manufacturers are mainly concentrated in Japan, Europe and the United States. According to our data, the revenue share of the world's top 5 manufacturers in 2024 is about 50%, among which Ferrotec, ranked first, has a share of more than 20%. Due to the late start in China, most of the products are concentrated in the field of consumer electronics, and there is a certain gap between the technology and management level and the world's advanced level. Therefore, the high-end application fields such as communications, medical, and automotive markets are mainly occupied by international leading manufacturers.
From the perspective of downstream applications, shipments in consumer electronics, communications, medical, automotive, industrial, defense and aerospace and other fields have continued to rise. Among them, consumer electronics still occupies the largest consumer market. In 2024, the consumer electronics market size accounted for 25% of the world. With the rapid penetration of 5G communications and electric vehicles, the communications and automotive fields will show a higher growth rate during the forecast period.
This report is a detailed and comprehensive analysis for global Peltier Device market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
Peltier Device market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: Multi-Stage、 Single-Stage
Market segment by Application: Automobile、 Military、 Consumer electronics、 Healthcare、 Industrial、 Others
Major players covered: Ferrotec、 KELK Ltd.(Komatsu)、 Coherent Corp (formerly II-VI Incorporated)、 Tark Thermal Solutions (formerly Laird Thermal Systems)、 KYOCERA、 Phononic、 Guangdong Fuxin Technology、 ARCTIC TEC、 KJLP、 Thermion Company、 Z-MAX、 Zhejiang Wangu Semiconductor、 Xianghe Oriental Electronic、 Thermonamic Electronics、 TE Technology、 P&N Technology、 Kryotherm Industries、 Crystal Ltd、 Liaoning Lengxin Technology、 Thermoelectric new energy technology、 Jianju Technology、 Bi Sheng Semiconductor、 Henan Hongchang Electronic、 Wei County Zhongtian Electron Stock Cooperative、 Beijing Xinyu Kaimeng Electronic Technology、 Beijing Huimao Refrigeration Equipment、 Hangzhou Aurin Cooling Device、 Henan Guanjing Semiconductor Technology、 Hubei Sagreon New Energy Technology
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Peltier Device product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Peltier Device, with price, sales quantity, revenue, and global market share of Peltier Device from 2020 to 2025.
Chapter 3, the Peltier Device competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Peltier Device breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment Peltier Device the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the Peltier Device sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2024.and Peltier Device market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Peltier Device.
Chapter 14 and 15, to describe Peltier Device sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Peltier Device
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
Contact Us:
Global Info Research
Web: https://www.globalinforesearch.com
Email: report@globalinforesearch.com
CN: 0086-176 6505 2062
HK: 00852-58030175
Get Report Sample with Industry Insights https://www.globalinforesearch.com/reports/2777683/peltier-device
According to our (Global Info Research) latest study, the global Peltier Device market size was valued at US$ 895 million in 2024 and is forecast to a readjusted size of USD 1579 million by 2031 with a CAGR of 8.5% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
In 2024, global Peltier Device production reached approximately 205.33 M Units, with an average global market price of around 4.24 USD per Unit. Peltier Device also known as thermoelectric coolers (TECs), are solid-state devices that utilize the Peltier effect to transfer heat between two surfaces when an electric current is applied. They consist of multiple pairs of p-type and n-type semiconductor materials connected electrically in series and thermally in parallel. When a DC current passes through the module, one side absorbs heat (cooling side), while the other side releases heat (heating side). This allows for precise temperature control without moving parts, making them compact, reliable, and quiet.
Peltier Device's upstream raw materials primarily include bismuth telluride, extruded aluminum, plastic pellets, and copper-clad substrates. Major suppliers include Furukawa, Rogers, Tong Hsing, Ortech, Shanghai Vital, ABSCO Limited, RusTec, Reade, ESPI Metals, and Vital Materials. Downstream applications include consumer electronics, communications, medical, automotive, industrial, defense, and aerospace. Typical customers include Dometic, Samsung, Huawei, Nokia, Thermo Fisher Scientific, Siemens, Haier Biomedical, Robert Bosch, and Continental.
Peltier Device's single-line production capacity ranges from 300,000 to 400,000 units per year, depending on production scale, process technology, and manufacturer. The product gross profit margin is between 30% and 40%.
The history of Peltier Device can be traced back to the discovery of the Peltier effect in the 19th century, but it was not until the mid-20th century, with the development of semiconductor materials, that Peltier Device technology was truly commercialized. Early Peltier Device were mainly used in the military and aerospace fields. After the 1980s, with the rapid development of the electronics industry, Peltier Device gradually entered the consumer electronics, medical equipment and industrial fields.
Peltier Device work based on the Peltier effect. When current passes through a thermocouple composed of p-type and n-type semiconductor materials, one end absorbs heat (cold end) and the other end releases heat (hot end), thereby achieving the effect of cooling or heating. This solid-state thermal management technology does not require mechanical moving parts and has the characteristics of compact structure, no noise, high reliability, and precise temperature control. In addition, by reversing the direction of the current, Peltier Device can also achieve a heating function, which gives it a unique advantage in bidirectional temperature control applications. The core advantage of Peltier Device lies in their solid-state design and precise temperature control capabilities, but their efficiency is relatively low and they are usually used in low-power or high-space and noise requirements.
With the popularization of technologies such as 5G communications, artificial intelligence, and the Internet of Things, the development of Peltier Device in consumer electronics, communications, automobiles, and medical fields has been accelerated. According to our data, the global shipment of Peltier Device will exceed 205 million units in 2024, and it is expected to continue to grow at an average annual compound growth rate (CAGR) of more than 10% by 2030.
North America, Europe, and Asia Pacific are the main regions of the Peltier Device market. The North American market benefits from strong demand for the electronics industry and medical technology, while the European market focuses on environmental protection and sustainable development. The Asia-Pacific region (especially China, Japan, and South Korea) has become the fastest growing region in the global Peltier Device market with its rapidly developing electronics manufacturing and new energy vehicle industries. In 2024, the market size of the Asia-Pacific region will be nearly US0 million, accounting for more than 50% of the world, of which China occupies the largest consumer market in Asia-Pacific.
From the perspective of industry participants, the main players in Peltier Device include Ferrotec, KELK Ltd.(Komatsu), Coherent Corp (formerly II-VI Incorporated), Tark Thermal Solutions (formerly Laird Thermal Systems), KYOCERA, Phononic, Guangdong Fuxin Technology, ARCTIC TEC, KJLP, Thermion Company, Z-MAX, Zhejiang Wangu Semiconductor, Xianghe Oriental Electronic, Thermonamic Electronics, TE Technology, P&N Technology, Kryotherm Industries, Crystal Ltd, etc. The leading manufacturers are mainly concentrated in Japan, Europe and the United States. According to our data, the revenue share of the world's top 5 manufacturers in 2024 is about 50%, among which Ferrotec, ranked first, has a share of more than 20%. Due to the late start in China, most of the products are concentrated in the field of consumer electronics, and there is a certain gap between the technology and management level and the world's advanced level. Therefore, the high-end application fields such as communications, medical, and automotive markets are mainly occupied by international leading manufacturers.
From the perspective of downstream applications, shipments in consumer electronics, communications, medical, automotive, industrial, defense and aerospace and other fields have continued to rise. Among them, consumer electronics still occupies the largest consumer market. In 2024, the consumer electronics market size accounted for 25% of the world. With the rapid penetration of 5G communications and electric vehicles, the communications and automotive fields will show a higher growth rate during the forecast period.
This report is a detailed and comprehensive analysis for global Peltier Device market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approval.
Peltier Device market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type: Multi-Stage、 Single-Stage
Market segment by Application: Automobile、 Military、 Consumer electronics、 Healthcare、 Industrial、 Others
Major players covered: Ferrotec、 KELK Ltd.(Komatsu)、 Coherent Corp (formerly II-VI Incorporated)、 Tark Thermal Solutions (formerly Laird Thermal Systems)、 KYOCERA、 Phononic、 Guangdong Fuxin Technology、 ARCTIC TEC、 KJLP、 Thermion Company、 Z-MAX、 Zhejiang Wangu Semiconductor、 Xianghe Oriental Electronic、 Thermonamic Electronics、 TE Technology、 P&N Technology、 Kryotherm Industries、 Crystal Ltd、 Liaoning Lengxin Technology、 Thermoelectric new energy technology、 Jianju Technology、 Bi Sheng Semiconductor、 Henan Hongchang Electronic、 Wei County Zhongtian Electron Stock Cooperative、 Beijing Xinyu Kaimeng Electronic Technology、 Beijing Huimao Refrigeration Equipment、 Hangzhou Aurin Cooling Device、 Henan Guanjing Semiconductor Technology、 Hubei Sagreon New Energy Technology
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Peltier Device product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Peltier Device, with price, sales quantity, revenue, and global market share of Peltier Device from 2020 to 2025.
Chapter 3, the Peltier Device competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Peltier Device breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment Peltier Device the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the Peltier Device sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2024.and Peltier Device market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Peltier Device.
Chapter 14 and 15, to describe Peltier Device sales channel, distributors, customers, research findings and conclusion.
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Peltier Device
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
Contact Us:
Global Info Research
Web: https://www.globalinforesearch.com
Email: report@globalinforesearch.com
CN: 0086-176 6505 2062
HK: 00852-58030175
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