The United States was the largest exporter with 31% of the world total, and the United States was the largest buyer.
What this market covers
Solid state cooling moves heat using thermoelectric or similar devices that have no moving parts or refrigerant gas. Electronics, medical and small appliance makers buy it for compact cooling.
Typical segments
- Thermoelectric modules
- Peltier coolers
- Electrocaloric devices
- Portable coolers
Why this market is moving now
- World trade grew 22% from 2022 to 2024, a direct read on cross-border demand.
- Ireland is gaining ground: its exports rose 195% from 2022 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of semiconductor devices (HS 854159), the trade category that includes solid state cooling, were worth $3.86 billion in 2024. | 3.86 USD billion | 2024 | |
| World exports were 22% higher in 2024 than in 2022 ($3.17 billion), calculated from the annual totals. | +22 % since 2022 | 2024 | |
| The United States was the largest exporter in 2024, with 31% of world exports ($1.21 billion). | 31 % of world exports | 2024 | |
| The three largest exporters, the United States, Taiwan and Israel, shipped 53% of world exports in 2024. | 53 % of world exports | 2024 | |
| The United States was the largest importer in 2024, buying $826.4 million, or 21% of world imports. | 21 % of world imports | 2024 | |
| 39 countries exported more than $1 million of this product in 2024. | 39 countries | 2024 | |
| The average world export price was about $808.38 per kilogram in 2024, calculated from value and weight. | 808.38 USD per kg | 2024 | |
| Countries exported 4.8 thousand tonnes of this product in 2024. | 4.8 thousand tonnes | 2024 | |
| Among the ten largest exporters, Ireland grew fastest, with exports up 195% from 2022 to 2024. | +195 % since 2022 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Electronics makers
- Medical device makers
- Appliance makers
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global solid state cooling market?
There is no single official market total. World exports of HS 854159 reached $3.86 billion in 2024, a direct measure of cross-border trade.
Which countries export the most solid state cooling?
The United States led world exports in 2024 with 31% of the total, followed by Taiwan, Israel and China.
Which countries import the most solid state cooling?
The United States was the largest importer in 2024, followed by China, Thailand and Hong Kong.
Is world trade in solid state cooling growing?
World exports were 22% higher in 2024 than in 2022.
What is the average export price of solid state cooling?
Dividing world export value by weight gives about $808.38 per kilogram in 2024.
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