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Thermoelectric Generators Market Research Report - Segmentation By Application (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, and Co-Generation), By Temperature (Low Temperature , Medium Temperature and High Temperature), By Wattage (Low Power, Medium Power, and High Power), By Material (Bismuth Telluride, Lead Telluride, and Others), By Vertical (Automotive, Aerospace & Defense, Industrial, Consumer, Healthcare, Oil & Gas, Mining, and Telecommunications), By Component (Heat Source, Thermoelectric Module, Cold Side, and Electric Load) and By Region –Opportunities and Forecast, 2022 to 2027

Published: January, 2022
ID: 10588
Pages: 175

Thermoelectric Generator Market Size (2022-2027):

The Global Thermoelectric Generator Market was worth USD 481 million in 2021 and is anticipated to reach USD 749 million by 2027 and is predicted to register a CAGR of 8.5% during the foreseen period 2022-2027.

Market Overview:

The thermoelectric generator is also called a Seebeck generator. It is a semiconductor device that converts heat into electrical energy through a phenomenon called the Seebeck effect or thermoelectric effect. It is mainly used as a portable power source to charge and operate various pads, phones, 12v batteries, and small refrigerators when traveling long distances and on remote campsites. Thermoelectric generators are mainly used as off-grid

The thermoelectric generators could be used in power plants to convert waste heat into electrical energy, which is driving the growth of the thermoelectric generator market. Thermoelectric generators are gaining popularity because they are environmentally friendly and produce electric power at zero cost. In addition, the growing concern about renewable energy sources is driving the market demand for thermoelectric generators. However, the high cost of the generator and the low efficiency may slow the market growth.

The growing demand for waste heat recovery systems, along with increasing global warming, is expected to drive the market demand for thermoelectric generators. In addition, strict government regulations and increasing industrial automation around the world are supposed to fuel the market demand for thermoelectric generators during the forecast period.

Market Growth and Trends:

Over the years, growing concerns about emissions and environmental issues, particularly global warming, have led to extensive research into new technologies for producing electric power. In addition, increased demand from industrial sectors and stationary appliances has led to augmented demand for generators. Thermoelectric generators are semiconductor devices that help convert heat into electrical energy. As the temperature difference on the sides increases, so does the performance of a thermoelectric generator. It is assumed that when more heat is applied through the thermoelectric legs, their performance increases. Therefore, these generators help to minimize heat loss and confine heat transport through the thermoelectric legs.

Low-wattage (100-watt) thermoelectric generators are typically used for hiking, mountaineering, camping, and as home relief during power outages, primarily for charging iPads, phones, and lighting devices. Many large manufacturers are investing in R&D to upgrade the technology of high-power thermoelectric generators to further improve the efficiency of heat exchangers and cope with the stress of higher temperature gradients. In addition, current research is also focusing on the development of thermoelectric generators with lightweight materials. The institutes are working on a research study to reduce the cost of thermoelectric generators and increase their efficiency. With the rising research and development activities, the call for thermoelectric generators is also predicted to increase during the outlook period.

Market Drivers and Restraints:

The growing demand for solid-state and stationary devices is expected to be the main driver of the global thermoelectric generators market. Also, the requirement for durable and maintenance-free power sources is supposed to drive the market for thermoelectric generators during the conjecture period. However, the high cost of thermoelectric material and low efficiency can be a challenge for market growth. The demand for thermoelectrics in healthcare and the growing need for low-power generators in the sensor array may open up potential growth opportunities for the global thermoelectric generator market during the envisioned period.

THERMOELECTRIC GENERATOR MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

8.5% 

Segments Covered

By Application, Temperature, Power, Material, Vertical, Component, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Gentherm, Inc., II-VI Marlow, Inc., Ferrotec Holdings Corporation, Laird plc, KELK Ltd., Yamaha Corp., Evident Thermoelectrics, Alphabet Energy, Phononic Devices, and Thermo Electric Company, Inc, and Others.

Market segmentation:

Thermoelectric Generator Market - By Application:

  • Heat Recovery
  • Energy Harvesting
  • Direct Power Generation
  • Co-Generation.

Thermoelectric Generator Market - By Temperature:

  • Low Temperature (<80 ° C)
  • Medium Temperature (80 ° - 500 ° C)
  • High temperature (> 500 ° C)

Thermoelectric Generator Market - By Power:

  • Low Power (<10 W)
  • Medium Power (10-1 kW)
  • High Power (> 1 kW)

Thermoelectric Generator Market - By Material:

Bismuth Telluride

Lead Telluride

Thermoelectric Generator Market - By Vertical:

  • Automotive
  • Defense
  • Industrial
  • Consumer
  • Healthcare
  • Oil and Gas
  • Mining and Telecommunications

Thermoelectric Generator Market - By Component:

  • Heat Source
  • Thermoelectric Module
  • Cold Side
  • Electrical Load

Market Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The global thermoelectric generators market is spread across Europe, the Asia Pacific, the Middle East, Africa, North America, and Latin America. Of these, North America accounts for a significant portion of the worldwide market, with the major contribution from the United States of America. The Asia Pacific region is estimated to develop with a notable CAGR in the coming years, owing to the increasing investments from the governments in countries like India, China, etc.

Key market players:

Some of the main players operating in the global thermoelectric generators market are

  1. Gentherm, Inc.
  2. II-VI Marlow, Inc.
  3. Ferrotec Holdings Corporation
  4. Laird plc
  5. KELK Ltd.
  6. Yamaha Corp
  7. Evident Thermoelectrics
  8. Alphabet Energy
  9. Phononic Devices
  10. Thermo Electric Company, Inc.

Recent Developments:

  • In March 2014, Gentherm, Inc. announced the launch of a new thermal air conditioning system, as well as an air conditioning system for beds and household furniture.
  • In December 2014, TECTEG MFR, the other manufacturer of thermoelectric generators, signed an agreement with TKB Industrial, to develop maximum power tracking and intelligent charge controller for the thermoelectric generator battery system to achieve better performance. Energetic.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends  

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

   6.1 Thermoelectric Generators Market, By Temperature  

                                6.1.1 Low Temperature

                                6.1.2 Medium Temperature       

                                6.1.3 High Temperature

   6.1.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Thermoelectric Generators Market, By Application   

                                6.2.1 Waste Heat Recovery         

                                6.2.2 Energy Harvesting

                                6.2.3 Direct Power Generation  

                                6.2.4 Co-Generation      

       6.2.5 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Thermoelectric Generators Market, By Power  

                                6.3.1 Low Power              

                                6.3.2 Medium Power     

                                6.3.3 High Power             

      6.3.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

                6.4 Thermoelectric Generators Market, By Material    

                                6.4.1 Bismuth Telluride 

                                6.4.2 Lead Telluride        

          6.4.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.4.4 Y-o-Y Growth Rate Analysis             

                                6.4.5 Market Attractiveness Index          

                6.5 Thermoelectric Generators Market, By Vertical   

                                6.5.1 Automotive            

                                6.5.2 Aerospace & Defense        

                                6.5.3 Industrial 

                                6.5.4 Consumer

                                6.5.5 Healthcare              

                                6.5.6 Oil & Gas  

                                6.5.7 Telecommunications          

                                6.5.8 Mining      

      6.5.9 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.5.10 Y-o-Y Growth Rate Analysis           

                                6.5.11 Market Attractiveness Index        

    6.6 Thermoelectric Generators Market, By Component    

                                6.6.1 Heat Source            

                                6.6.2 Thermoelectric Module     

                                6.6.3 Cold Side  

                                6.6.4 Electric Load           

   6.6.5 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.6.6 Y-o-Y Growth Rate Analysis             

                                6.6.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region

7.2 North America - Market Analysis (2021- 2027)  

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Temperature   

                                7.2.3 By Application        

                                7.2.4 By Wattage             

                                7.2.5 By Material             

                                7.2.6 By Vertical               

                                7.2.7 By Component      

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Temperature   

                                7.3.3 By Application        

                                7.3.4 By Wattage             

                                7.3.5 By Material             

                                7.3.6 By Vertical               

                                7.3.7 By Component      

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Temperature   

                                7.4.3 By Application        

                                7.4.4 By Wattage             

                                7.4.5 By Material             

                                7.4.6 By Vertical               

                                7.4.7 By Component      

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Temperature   

                                7.5.3 By Application        

                                7.5.4 By Wattage             

                                7.5.5 By Material             

                                7.5.6 By Vertical               

                                7.5.7 By Component      

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Temperature   

                                7.6.3 By Application        

                                7.6.4 By Wattage             

                                7.6.5 By Material             

                                7.6.6 By Vertical               

                                7.6.7 By Component      

8. Key Player Analysis                                    

                8.1 Gentherm, Inc                          

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 II-VI Marlow, Inc                      

                8.3 Ferrotec Holdings Corporation                           

                8.4 Laird plc                        

                8.5 KELK Ltd                       

                8.6 Yamaha Corp                             

                8.7 Evident Thermoelectrics                       

                8.8 Alphabet Energy                      

                8.9 Phononic Devices                    

                8.10 Thermo Electric Company, Inc                          

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Thermoelectric Generators Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Thermoelectric Generators Market By Temperature, From 2022 - 2027 ( USD Billion )
  3. Global Low-Temperature Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Medium Temperature Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global High Temperature Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Thermoelectric Generators Market By Application, From 2022 - 2027 ( USD Billion )
  7. Global Waste Heat Recovery Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Energy Harvesting Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Direct Power Generation Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Co-Generation Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Thermoelectric Generators Market By Wattage, From 2022 - 2027 ( USD Billion )
  12. Global Low Power Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Medium Power Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global High Power Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global Thermoelectric Generators Market By Material, From 2022 - 2027 ( USD Billion )
  16. Global Bismuth Telluride Market By Region, From 2022 - 2027 ( USD Billion )
  17. Global Lead Telluride Market By Region, From 2022 - 2027 ( USD Billion )
  18. Global Thermoelectric Generators Market By Vertical, From 2022 - 2027 ( USD Billion )
  19. Global Automotive Market By Region, From 2022 - 2027 ( USD Billion )
  20. Global Aerospace & Defense Market By Region, From 2022 - 2027 ( USD Billion )
  21. Global Industrial Market By Region, From 2022 - 2027 ( USD Billion )
  22. Global Consumer Market By Region, From 2022 - 2027 ( USD Billion )
  23. Global Healthcare Market By Region, From 2022 - 2027 ( USD Billion )
  24. Global Oil & Gas Market By Region, From 2022 - 2027 ( USD Billion )
  25. Global Telecommunications Market By Region, From 2022 - 2027 ( USD Billion )
  26. Global Mining Market By Region, From 2022 - 2027 ( USD Billion )
  27. Global Thermoelectric Generators Market By Component, From 2022 - 2027 ( USD Billion )
  28. Global Heat Source Market By Region, From 2022 - 2027 ( USD Billion )
  29. Global Thermoelectric Module Market By Region, From 2022 - 2027 ( USD Billion )
  30. Global Cold Side Market By Region, From 2022 - 2027 ( USD Billion )
  31. Global Electric Load Market By Region, From 2022 - 2027 ( USD Billion )

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