Global Thermoelectric Generators Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Thermoelectric Generators Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global thermoelectric generators market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. The global thermoelectric generators market report has been segmented on the basis of end user, temperature, source, material, wattage, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Thermoelectric generators are special type of devices that convert thermal fluxes into electrical energy. Two basic phenomena involved in this process are seebeck effect and peltier effect. The seebeck effect converts the temperature difference into electric current at the interface of two different materials, whereas the peltier effect operates vice-versa as of seebeck effect.
Growing demand for thermoelectric generators from automobile sector, owing to its ability to convert exhaust heat into electrical energy in order to increase overall efficiency of the engine, is a major factor driving growth of the global thermoelectric generators market. In addition, rising demand for miniaturized thermoelectric generators from various end use applications is another factor expected to support growth of the target market over the forecast period.
However, high production costs associated with thermoelectric materials is a major factor expected to restrain growth of the global market during the forecast period.
By source, the global thermoelectric generators market is segmented into waste heat recovery, energy harvesting, direct power generation, and co-generation. The energy harvesting segment is expected to witness fastest growth over the forecast period.
The North America market accounts for highest share in the target market in terms of revenue contribution as compared to that of markets in other regions owing to, increasing adoption of thermoelectric generators in automotive industry, in the region. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This growth can be attributed to rapid commercialization of thermoelectric generators in various industrial applications, in the region. The Europe market accounts for second-highest revenue share in the global market and is expected to register a CAGR of XX.X% during the forecast period. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global thermoelectric generators market over the forecast period.
Global Thermoelectric Generators Market Segmentation:
Segmentation on the basis of end user:
- Consumer Electronics
Segmentation on the basis of temperature:
- Low Temperature (<80°C)
- Medium Temperature (80°-500°C)
- High Temperature (>500°C)
Segmentation on the basis of source:
- Waste Heat Recovery
- Energy Harvesting
- Direct Power Generation
Segmentation on the basis of material:
Segmentation on the basis of wattage:
- Low Power (<10W)
- Medium Power(10-1KW)
- High Power (>1KW)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Gentherm, Incorporated
- Marlow Industries, Inc.
- Ferrotec Corporation
- Laird PLC
- Kelk Ltd.
- Yamaha Corporation
- Evident Thermoelectrics
- Aplhabet Energy, Inc.
- Tellurex Corporation
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