I'm afraid it's a peltier device.Electromagnetic based solution would mean silence. I have no experience of it or know if or how exactly it works. It should work on principle. It will use electricity to create a cold piece of metal that condenses.
As a solid state heat pump, it only has an efficiency of <10%.
This means that the fans involved are often overdriven (and noisy) to try and help remove as much heat as possible from the peltier.
Peltier devices have their uses, such as in portable mini fridges, but their inefficiency means we don't use them for our household fridges.