Apac Deemed to Be the Largest Revenue Contributor to the Global Semiconductor Coolers Market until 2020, Reports Technavio

LONDON--()--The global semiconductor coolers market is projected to grow at a CAGR of more than 8% during the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the global semiconductor coolers market for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of semiconductor coolers to semiconductor component manufacturers.

Technavio’s research study segments the global semiconductor coolers market into the following regions:

  • APAC
  • EMEA
  • Americas

APAC: largest semiconductor coolers market

The semiconductor cooler market is expected to grow to USD 236.7 million by 2020 at a CAGR of 10.48% during the forecast period. The region was the largest revenue contributor to the global market in 2015. APAC is home to several consumer electronics giants such as Samsung, LG, Sony, and Toshiba. Technological advances in thermoelectric cooling technology are also fueling the region's market growth.

According to Asif Gani, a lead analyst at Technavio for semiconductor equipment, “The growing demand for thermoelectric semiconductor coolers from the consumer electronics and automotive sectors in the region is expected to benefit the market. Better availability of raw materials, low establishment and labor costs, and business-friendly government policies have helped companies to launch their production centers in this region.”

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France, Germany, the UK, and Russia playing a crucial role in the growth of the semiconductor cooler market in EMEA

The semiconductor cooler market in EMEA is expected to grow to USD 178.9 million by 2020, expanding at a CAGR of 6.91% during the forecast period. The market in EMEA is expected to grow significantly during the forecast period, with countries such as France, Germany, the UK, and Russia playing an important role in the growth. The demand for TECs from the automotive sector is increasing significantly in Europe, which is home to a number of prominent automobile manufacturers.

“EMEA's market share is expected to increase because of the high adoption of consumer electronic devices in the region. This has attracted many manufacturing firms in the electronic components industry to the region, resulting in high demand for TECs for heat dissipation and energy harvesting,” says Asif.

Semiconductor cooler market in the Americas to post a CAGR of 6.45% during the forecast period

The semiconductor cooler market in the Americas is expected to grow to USD 161.6 million by 2020 at a CAGR of 6.45% during the forecast period.

The Americas, especially the US and Canada, is a mature market for most technological products. The consumers in the region are early adopters of any emerging technology. With the emergence of new technologies such as the Internet of Things (IoT), there is a rising need for efficient heat dissipation and energy harvesting to meet energy requirements. This will play a vital role in defining the market performance of TECs. Technavio expects the semiconductor cooler market to grow in the region during the forecast period.

Competitive vendor landscape

The global semiconductor cooler market is highly competitive with a large number of vendors competing on the basis of price and quality. Major vendors in the market are Ferrotec, II-VI Marlow Industries, Laird, and TE Technology. Thermoelectric modules that offer a standard solution to consumers have a massive presence in the market. However, vendors are aware that a standard solution will not suffice to meet varied consumer requirements.

The competitive situation in the global semiconductor coolers market is very intense among existing market players, as well as between existing players and new-generation semiconductor vendors. High demand for semiconductor coolers, especially in the consumer electronics and automobile industries, is propelling new players to enter the market.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

The global semiconductor coolers market is projected to grow at a CAGR of more than 8% during the period 2016-2020, according to Technavio’s latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com