
The global Peltier Device market size is predicted to grow from US$ 952 million in 2025 to US$ 1605 million in 2031; it is expected to grow at a CAGR of 9.1% from 2025 to 2031.
Peltier devices are thermoelectric modules that deliver solid state heat-pumping for both cooling and heating. They also can be used to generate DC power, albeit with reduced efficiency.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 devices have a wide range of applications in the global market, covering multiple fields such as consumer electronics, medical equipment, automobiles and industry. With the popularization of technologies such as 5G communications, artificial intelligence, and the Internet of Things, the development of Peltier devices has been accelerated.
North America, Europe, and Asia Pacific are the main consumer 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 electronic cooler market with its rapidly developing electronics manufacturing and new energy vehicle industries.
With the continuous development of emerging technologies and the continuous expansion of application areas, the global Peltier device market is expected to maintain steady growth. Especially in the fields of consumer electronics, communications, and new energy vehicles, the demand for Peltier devices will continue to increase. Manufacturers should focus on technological innovation and product diversification to meet changing market demands.
The “Peltier Device Industry Forecast” looks at past sales and reviews total world Peltier Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Peltier Device sales for 2025 through 2031. With Peltier Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Peltier Device industry.
This Insight Report provides a comprehensive analysis of the global Peltier Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Peltier Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Peltier Device market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Peltier Device and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Peltier Device.
This report presents a comprehensive overview, market shares, and growth opportunities of Peltier Device market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Multi-Stage
Single-Stage
Segmentation by Application:
Automobile
Military
Consumer electronics
Healthcare
Industrial
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Ferrotec
ٻ.(dzٲ)
Coherent Corp (formerly II-VI Incorporated)
Laird Thermal Systems
Z-MAX
KJLP
Thermion Company
Phononic
Guangdong Fuxin Technology
KYOCERA
Thermonamic Electronics
TE Technology
Same Sky (formerly CUI Devices)
Kryotherm Industries
Crystal Ltd
Wakefield Thermal
Pelonis Technologies
Zhejiang Wangu Semiconductor
P&N Technology
JiangXi Arctic Industrial
Henan Hongchang Electronic
Wei County Zhongtian Electron Stock Cooperative
Beijing Xinyu Kaimeng Electronic Technology
Beijing Huimao Refrigeration Equipment
Hangzhou Aurin Cooling Device
Hangzhou Aurin Cooling Device
Key Questions Addressed in this Report
What is the 10-year outlook for the global Peltier Device market?
What factors are driving Peltier Device market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Peltier Device market opportunities vary by end market size?
How does Peltier Device break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Peltier Device Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Peltier Device by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Peltier Device by Country/Region, 2020, 2024 & 2031
2.2 Peltier Device Segment by Type
2.2.1 Multi-Stage
2.2.2 Single-Stage
2.3 Peltier Device Sales by Type
2.3.1 Global Peltier Device Sales Market Share by Type (2020-2025)
2.3.2 Global Peltier Device Revenue and Market Share by Type (2020-2025)
2.3.3 Global Peltier Device Sale Price by Type (2020-2025)
2.4 Peltier Device Segment by Application
2.4.1 Automobile
2.4.2 Military
2.4.3 Consumer electronics
2.4.4 Healthcare
2.4.5 Industrial
2.4.6 Others
2.5 Peltier Device Sales by Application
2.5.1 Global Peltier Device Sale Market Share by Application (2020-2025)
2.5.2 Global Peltier Device Revenue and Market Share by Application (2020-2025)
2.5.3 Global Peltier Device Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Peltier Device Breakdown Data by Company
3.1.1 Global Peltier Device Annual Sales by Company (2020-2025)
3.1.2 Global Peltier Device Sales Market Share by Company (2020-2025)
3.2 Global Peltier Device Annual Revenue by Company (2020-2025)
3.2.1 Global Peltier Device Revenue by Company (2020-2025)
3.2.2 Global Peltier Device Revenue Market Share by Company (2020-2025)
3.3 Global Peltier Device Sale Price by Company
3.4 Key Manufacturers Peltier Device Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Peltier Device Product Location Distribution
3.4.2 Players Peltier Device Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Peltier Device by Geographic Region
4.1 World Historic Peltier Device Market Size by Geographic Region (2020-2025)
4.1.1 Global Peltier Device Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Peltier Device Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Peltier Device Market Size by Country/Region (2020-2025)
4.2.1 Global Peltier Device Annual Sales by Country/Region (2020-2025)
4.2.2 Global Peltier Device Annual Revenue by Country/Region (2020-2025)
4.3 Americas Peltier Device Sales Growth
4.4 APAC Peltier Device Sales Growth
4.5 Europe Peltier Device Sales Growth
4.6 Middle East & Africa Peltier Device Sales Growth
5 Americas
5.1 Americas Peltier Device Sales by Country
5.1.1 Americas Peltier Device Sales by Country (2020-2025)
5.1.2 Americas Peltier Device Revenue by Country (2020-2025)
5.2 Americas Peltier Device Sales by Type (2020-2025)
5.3 Americas Peltier Device Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Peltier Device Sales by Region
6.1.1 APAC Peltier Device Sales by Region (2020-2025)
6.1.2 APAC Peltier Device Revenue by Region (2020-2025)
6.2 APAC Peltier Device Sales by Type (2020-2025)
6.3 APAC Peltier Device Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Peltier Device by Country
7.1.1 Europe Peltier Device Sales by Country (2020-2025)
7.1.2 Europe Peltier Device Revenue by Country (2020-2025)
7.2 Europe Peltier Device Sales by Type (2020-2025)
7.3 Europe Peltier Device Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Peltier Device by Country
8.1.1 Middle East & Africa Peltier Device Sales by Country (2020-2025)
8.1.2 Middle East & Africa Peltier Device Revenue by Country (2020-2025)
8.2 Middle East & Africa Peltier Device Sales by Type (2020-2025)
8.3 Middle East & Africa Peltier Device Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Peltier Device
10.3 Manufacturing Process Analysis of Peltier Device
10.4 Industry Chain Structure of Peltier Device
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Peltier Device Distributors
11.3 Peltier Device Customer
12 World Forecast Review for Peltier Device by Geographic Region
12.1 Global Peltier Device Market Size Forecast by Region
12.1.1 Global Peltier Device Forecast by Region (2026-2031)
12.1.2 Global Peltier Device Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Peltier Device Forecast by Type (2026-2031)
12.7 Global Peltier Device Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Ferrotec
13.1.1 Ferrotec Company Information
13.1.2 Ferrotec Peltier Device Product Portfolios and Specifications
13.1.3 Ferrotec Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Ferrotec Main Business Overview
13.1.5 Ferrotec Latest Developments
13.2 ٻ.(dzٲ)
13.2.1 ٻ.(dzٲ) Company Information
13.2.2 ٻ.(dzٲ) Peltier Device Product Portfolios and Specifications
13.2.3 ٻ.(dzٲ) Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 ٻ.(dzٲ) Main Business Overview
13.2.5 ٻ.(dzٲ) Latest Developments
13.3 Coherent Corp (formerly II-VI Incorporated)
13.3.1 Coherent Corp (formerly II-VI Incorporated) Company Information
13.3.2 Coherent Corp (formerly II-VI Incorporated) Peltier Device Product Portfolios and Specifications
13.3.3 Coherent Corp (formerly II-VI Incorporated) Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Coherent Corp (formerly II-VI Incorporated) Main Business Overview
13.3.5 Coherent Corp (formerly II-VI Incorporated) Latest Developments
13.4 Laird Thermal Systems
13.4.1 Laird Thermal Systems Company Information
13.4.2 Laird Thermal Systems Peltier Device Product Portfolios and Specifications
13.4.3 Laird Thermal Systems Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Laird Thermal Systems Main Business Overview
13.4.5 Laird Thermal Systems Latest Developments
13.5 Z-MAX
13.5.1 Z-MAX Company Information
13.5.2 Z-MAX Peltier Device Product Portfolios and Specifications
13.5.3 Z-MAX Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Z-MAX Main Business Overview
13.5.5 Z-MAX Latest Developments
13.6 KJLP
13.6.1 KJLP Company Information
13.6.2 KJLP Peltier Device Product Portfolios and Specifications
13.6.3 KJLP Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 KJLP Main Business Overview
13.6.5 KJLP Latest Developments
13.7 Thermion Company
13.7.1 Thermion Company Company Information
13.7.2 Thermion Company Peltier Device Product Portfolios and Specifications
13.7.3 Thermion Company Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Thermion Company Main Business Overview
13.7.5 Thermion Company Latest Developments
13.8 Phononic
13.8.1 Phononic Company Information
13.8.2 Phononic Peltier Device Product Portfolios and Specifications
13.8.3 Phononic Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Phononic Main Business Overview
13.8.5 Phononic Latest Developments
13.9 Guangdong Fuxin Technology
13.9.1 Guangdong Fuxin Technology Company Information
13.9.2 Guangdong Fuxin Technology Peltier Device Product Portfolios and Specifications
13.9.3 Guangdong Fuxin Technology Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Guangdong Fuxin Technology Main Business Overview
13.9.5 Guangdong Fuxin Technology Latest Developments
13.10 KYOCERA
13.10.1 KYOCERA Company Information
13.10.2 KYOCERA Peltier Device Product Portfolios and Specifications
13.10.3 KYOCERA Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 KYOCERA Main Business Overview
13.10.5 KYOCERA Latest Developments
13.11 Thermonamic Electronics
13.11.1 Thermonamic Electronics Company Information
13.11.2 Thermonamic Electronics Peltier Device Product Portfolios and Specifications
13.11.3 Thermonamic Electronics Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Thermonamic Electronics Main Business Overview
13.11.5 Thermonamic Electronics Latest Developments
13.12 TE Technology
13.12.1 TE Technology Company Information
13.12.2 TE Technology Peltier Device Product Portfolios and Specifications
13.12.3 TE Technology Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 TE Technology Main Business Overview
13.12.5 TE Technology Latest Developments
13.13 Same Sky (formerly CUI Devices)
13.13.1 Same Sky (formerly CUI Devices) Company Information
13.13.2 Same Sky (formerly CUI Devices) Peltier Device Product Portfolios and Specifications
13.13.3 Same Sky (formerly CUI Devices) Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Same Sky (formerly CUI Devices) Main Business Overview
13.13.5 Same Sky (formerly CUI Devices) Latest Developments
13.14 Kryotherm Industries
13.14.1 Kryotherm Industries Company Information
13.14.2 Kryotherm Industries Peltier Device Product Portfolios and Specifications
13.14.3 Kryotherm Industries Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Kryotherm Industries Main Business Overview
13.14.5 Kryotherm Industries Latest Developments
13.15 Crystal Ltd
13.15.1 Crystal Ltd Company Information
13.15.2 Crystal Ltd Peltier Device Product Portfolios and Specifications
13.15.3 Crystal Ltd Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Crystal Ltd Main Business Overview
13.15.5 Crystal Ltd Latest Developments
13.16 Wakefield Thermal
13.16.1 Wakefield Thermal Company Information
13.16.2 Wakefield Thermal Peltier Device Product Portfolios and Specifications
13.16.3 Wakefield Thermal Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Wakefield Thermal Main Business Overview
13.16.5 Wakefield Thermal Latest Developments
13.17 Pelonis Technologies
13.17.1 Pelonis Technologies Company Information
13.17.2 Pelonis Technologies Peltier Device Product Portfolios and Specifications
13.17.3 Pelonis Technologies Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Pelonis Technologies Main Business Overview
13.17.5 Pelonis Technologies Latest Developments
13.18 Zhejiang Wangu Semiconductor
13.18.1 Zhejiang Wangu Semiconductor Company Information
13.18.2 Zhejiang Wangu Semiconductor Peltier Device Product Portfolios and Specifications
13.18.3 Zhejiang Wangu Semiconductor Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Zhejiang Wangu Semiconductor Main Business Overview
13.18.5 Zhejiang Wangu Semiconductor Latest Developments
13.19 P&N Technology
13.19.1 P&N Technology Company Information
13.19.2 P&N Technology Peltier Device Product Portfolios and Specifications
13.19.3 P&N Technology Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 P&N Technology Main Business Overview
13.19.5 P&N Technology Latest Developments
13.20 JiangXi Arctic Industrial
13.20.1 JiangXi Arctic Industrial Company Information
13.20.2 JiangXi Arctic Industrial Peltier Device Product Portfolios and Specifications
13.20.3 JiangXi Arctic Industrial Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 JiangXi Arctic Industrial Main Business Overview
13.20.5 JiangXi Arctic Industrial Latest Developments
13.21 Henan Hongchang Electronic
13.21.1 Henan Hongchang Electronic Company Information
13.21.2 Henan Hongchang Electronic Peltier Device Product Portfolios and Specifications
13.21.3 Henan Hongchang Electronic Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Henan Hongchang Electronic Main Business Overview
13.21.5 Henan Hongchang Electronic Latest Developments
13.22 Wei County Zhongtian Electron Stock Cooperative
13.22.1 Wei County Zhongtian Electron Stock Cooperative Company Information
13.22.2 Wei County Zhongtian Electron Stock Cooperative Peltier Device Product Portfolios and Specifications
13.22.3 Wei County Zhongtian Electron Stock Cooperative Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Wei County Zhongtian Electron Stock Cooperative Main Business Overview
13.22.5 Wei County Zhongtian Electron Stock Cooperative Latest Developments
13.23 Beijing Xinyu Kaimeng Electronic Technology
13.23.1 Beijing Xinyu Kaimeng Electronic Technology Company Information
13.23.2 Beijing Xinyu Kaimeng Electronic Technology Peltier Device Product Portfolios and Specifications
13.23.3 Beijing Xinyu Kaimeng Electronic Technology Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Beijing Xinyu Kaimeng Electronic Technology Main Business Overview
13.23.5 Beijing Xinyu Kaimeng Electronic Technology Latest Developments
13.24 Beijing Huimao Refrigeration Equipment
13.24.1 Beijing Huimao Refrigeration Equipment Company Information
13.24.2 Beijing Huimao Refrigeration Equipment Peltier Device Product Portfolios and Specifications
13.24.3 Beijing Huimao Refrigeration Equipment Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.24.4 Beijing Huimao Refrigeration Equipment Main Business Overview
13.24.5 Beijing Huimao Refrigeration Equipment Latest Developments
13.25 Hangzhou Aurin Cooling Device
13.25.1 Hangzhou Aurin Cooling Device Company Information
13.25.2 Hangzhou Aurin Cooling Device Peltier Device Product Portfolios and Specifications
13.25.3 Hangzhou Aurin Cooling Device Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.25.4 Hangzhou Aurin Cooling Device Main Business Overview
13.25.5 Hangzhou Aurin Cooling Device Latest Developments
13.26 Hangzhou Aurin Cooling Device
13.26.1 Hangzhou Aurin Cooling Device Company Information
13.26.2 Hangzhou Aurin Cooling Device Peltier Device Product Portfolios and Specifications
13.26.3 Hangzhou Aurin Cooling Device Peltier Device Sales, Revenue, Price and Gross Margin (2020-2025)
13.26.4 Hangzhou Aurin Cooling Device Main Business Overview
13.26.5 Hangzhou Aurin Cooling Device Latest Developments
14 Research Findings and Conclusion
*If Applicable.
