Thermoelectric cooling uses the peltier effect to create a heat flux at the junction of two different types of materials.
There are many manufacturers in the United States to produce thermoelectric cooler modules, and II-VI Marlow Incorporated is the largest manufacturer in the world, followed by Komatsu, KJLP electronics co., ltd and Laird Thermal Systems. Top five manufacturers accounted for 41.24% market share in 2019.

Market Analysis and Insights: Global Thermoelectric Cooler (TEC) Modules Market
The global Thermoelectric Cooler (TEC) Modules market size is projected to reach US$ 1520.8 million by 2026, from US$ 781.3 million in 2020, at a CAGR of 11.7% during 2021-2026.
Global Thermoelectric Cooler (TEC) Modules Scope and Segment
The global Thermoelectric Cooler (TEC) Modules market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Thermoelectric Cooler (TEC) Modules market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Segment by Type, the Thermoelectric Cooler (TEC) Modules market is segmented into
Single Stage Module
Multistage Module
In 2019, single stage modules were the most preferred, and accounted for around 75.15% of the overall thermoelectric cooler modules market.

Segment by Application, the Thermoelectric Cooler (TEC) Modules market is segmented into
Automotive
Electronic
Medical Industry
Defense & Aerospace
Food & Beverages
Others
Demand from the electronic industry accounts for the largest market share, being 33.58% in 2019.

Thermoelectric Cooler (TEC) Modules market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Thermoelectric Cooler (TEC) Modules business, the date to enter into the Thermoelectric Cooler (TEC) Modules market, Thermoelectric Cooler (TEC) Modules product introduction, recent developments, etc.
The major vendors covered:
II-VI Marlow Incorporated
Komatsu
KJLP
Laird Thermal Systems
Ferrotec
Kryotherm Industries
Z-MAX
RMT Ltd.
Thermion Company
Phononic
CUI Inc.
Crystal Ltd
Merit Technology Group
EVERREDtronics Ltd
TE Technology

Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Thermoelectric Cooler (TEC) Modules markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Thermoelectric Cooler (TEC) Modules market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.