Thermoelectric Refrigeration Module Industry Report BY QYResearch

Published Date: 2022-07-26
With its irreplaceable advantages and characteristics such as flexibility, diversity, and reliability, thermoelectric refrigeration modules have become key basic components supporting many modern industries, and can be widely used in consumer electronics, communications, medical experiments, automobiles, industry, aerospace and defense. , oil and gas mining and other fields, with the maturity of downstream industries and the continuous emergence of new products, its market demand has shown a trend of increasing year by year.

According to QYResearch, the annual output value of the thermoelectric refrigeration module industry in 2021 is 838.71 million US dollars, and it is expected to reach 1766.38 million US dollars by 2028, with a compound annual growth rate of 11.05% from 2022 to 2028.

Major players in the thermoelectric cooling module market include Ferrotec, II-VI Marlow, KELK Ltd., Laird Thermal Systems, Guangdong Fuxin Technology Co., Ltd., RMT Ltd., Z-MAX, Thermion Company, Crystal Ltd, CUI Devices, Kryotherm Industries , Phononic, Merit Technology Group, TE Technology, KJLP electronics co., ltd, Jiangxi Nanogram Thermoelectric Electronics Co., Ltd., etc. Well-known brands include Ferrotec, II-VI Marlow, KELK Ltd., Laird Thermal Systems, etc. These thermoelectric cooler brands have occupied a large market for thermoelectric refrigeration modules for a long time. Among them, the top five companies will have a combined market share of 48.51% in 2021.

China's thermoelectric refrigeration module industry has experienced rapid development in the past few years, and the technological gap with developed countries has been narrowing. However, well-known thermoelectric refrigeration manufacturing enterprises in developed countries such as Japan, Europe, America and the United States still have obvious advantages in technical reserves, process stability, product quality, etc., especially in the development of high-end products and new products, domestic enterprises are even more disadvantaged. Advanced foreign enterprises gradually increase their competition for the domestic market through product export, direct investment and establishment of factories, and the company faces fierce market competition.

China's thermoelectric refrigeration module industry already has a certain scale of product production, but there is still a certain distance compared with the United States, Japan and other countries with developed thermoelectric refrigeration module industries. Common problems in the industry are not fundamentally solved, such as small production scale, high product cost, low productivity, poor economic efficiency, low product grade, and low pass rate, especially those that cannot keep up with technological development and technological innovation The rhythm, the disjointed production and application of market demand, restrict the development of the thermoelectric refrigeration module industry. The development trend of the thermoelectric refrigeration module market mainly focuses on the following three aspects: the demand for high-end thermoelectric refrigeration modules will increase; the demand for high-performance and miniaturized thermoelectric refrigeration module devices will increase; The demand for thermoelectric cooling modules will increase. Domestic thermoelectric refrigeration module enterprises must combine their own production advantages, seize this favorable market opportunity, continue to innovate in technology, develop high-quality thermoelectric refrigeration module products, and occupy the international market.

Since the 21st century, the technical level of China's semiconductor industry has been continuously improved, and the semiconductor thermoelectric industry has developed rapidly under the dual guidance of market and policy. As the semiconductor thermoelectric industry is both technology-intensive and labor-intensive, in the consumer electronics market, China has become an important global producer of semiconductor thermoelectric devices, thermoelectric systems and thermoelectric machine application products. However, in the market of high-performance thermoelectric devices and technical solutions used in communications, medical care, automobiles and other fields, due to the late start of domestic enterprises, they are still in the stage of technological upgrading, and there is still a certain gap between the technical level and the international advanced level. It is also mainly occupied by foreign advanced enterprises or their domestic subsidiaries.