Wednesday, April 27th, 2016 - ReportsnReports adds Global Semiconductor Coolers Market 2016-2020 latest research report, the analysts forecast global semiconductor cooler market to grow at a CAGR of 8.15% during the period 2016-2020. The IoT is the latest trend in the global technology arena. In simple terms, the IoT connects essential electronic devices to the Internet. Due to this, future households will have numerous interconnected electronics that will sense the surrounding environment and react accordingly. The significant technological requirements of the IoT are likely to generate the need for specialized TECs, especially for energy harvesting.

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According to the Semiconductor Coolers market report, the market is driven by a number of factors such as the emergence of advanced consumer electronics, advances in smart home and smart grid technology, and the need for optimized energy consumption.

Application-based segmentation and analysis of the semiconductor coolers market



Consumer electronics


According to this market research report, the automobiles segment will account for a significant share of the total market and will post an impressive market share of approximately 52% by 2020. TECs are mostly used in automobile air conditioning (AC) systems for temperature control purposes. In some luxury automobiles, they are also used to control the temperature of the seat surface. Due to the steady growth of the automobiles market, the demand for semiconductor coolers will also increase.

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The APAC region will be the largest market for semiconductor coolers during the forecast period and will account for an impressive market share of approximately 41% by 2020. The growing demand for thermoelectric semiconductor coolers from the consumer electronics and automotive sectors in this region is anticipated to benefit the market. Factors such as better availability of raw materials, low establishment and labor costs, and business-friendly government policies will help to foster market growth in APAC.

The global semiconductor coolers market is highly competitive as most of the vendors compete on the basis of product price and quality. The vendors that have the capability to realize that a standard set of solutions will not be enough to meet varied consumer requirements will gain a competitive edge over their peers.

Key players in the Global Semiconductor Cooler Market: II-VI Marlow Industries, Ferrotec, Liard, and TE Technology

Other Prominent Vendors in the market are: Komatsu, Hicooltec, RMT, Thermion, Wellen Technology, Micropelt, Hi-Z Technology, Merit Technology Group, and Tellurex.

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