Thermoelectric Generators Market Size, Share, Analysis Report

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Global Thermoelectric Generators Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2022 - 2027

The global thermoelectric generators market is projected to grow at a CAGR of 13.8% to reach US$ 1326 Million by 2027.

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MARKET SNAPSHOT

Major Players

Gentherm
Yamaha Corp
Alphabet Energy
Komatsu Corp
TECTEG MFR

Study period:

Fastest Growing Market:

2022-2027

APAC

Base Year:

Largest Market:

2021

North America

CAGR:

REPORT DESCRIPTION

Thermoelectric generators (TEG) are solid state devices which convert temperature difference between two materials into electrical energy. Thermoelectric generators (TEG) are based on the principles of Seebeck effect. Some common thermoelectric materials are Bismuth Telluride (Bi2Te3), Lead Telluride (PbTe), Silicon Germanium (SiGe), and Bismuth-Antimony (Bi-Sb) among others. These generators are being preferred because they are silent, highly reliable, have low operational and maintenance cost, and can work in harsh and remote environments. Another important factor is its scalability, which makes its application feasible to any size of heat source.

The global thermoelectric generators market is projected to grow at a CAGR of 13.8% to reach US$ 1326 Million by 2027.

There are varieties of thermoelectric generators available in the market today, they vary based on their operating voltage, temperature, materials they are made up of and how they are controlled. Initially, thermoelectric generators were used to find application only as heating or cooling devices but recent research activities have developed them as energy harvesting devices. Thermoelectric generators find application in automotives, manufacturing machineries and equipments, sensors, wearable, conditional monitors, smart meters and other products. Lately thermoelectric generators are being used for waste heat recovery.
Extensive research is being carried out to harness the unused waste heat from various sources like machines, power stations, and automotives among others to reduce the fuel consumption and enhance efficiency of these machines. Thermoelectric generators (TEG) are gaining popularity as an upcoming “green technology” because it converts waste heat (zero cost) into electrical energy, thus adding to its market growth. The only major constraint in achieving this is its high cost and lower efficiency. Research is being carried out to make this TE technology commercially viable.
North America leads the global thermoelectric generators market followed by Asia-Pacific and the Rest of the World (RoW). The key players in the global thermoelectric generators market include Gentherm, Alphabet Energy, Yamaha Corp, TECTEG MFR, Komatsu Corp, and Laird Tech among others.

We are involved in providing research reports and company profiles of the global thermoelectric generators market in terms of revenue and output/volume. Market drivers, opportunities and restraints, which influence the market, are thoroughly studied. This study is further utilized for the overall analysis of the market. The thermoelectric generators market is segmented based on the global applications, geographic presence, by-products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our thermoelectric generators profiles.
SEGMENTATION IN THE REPORT:

Thermoelectric Generators By Application

    Automotives
    Industrial
    Sensors
    Wearables
    Others

Thermoelectric Generators By Power:

    <30 W
    30-100 W
    100-1KW
    >1KW
Thermoelectric Generators By Temperatures

    <100 Degree C
    100 -500 Degree C
    500-1K degree C
    >1K degree C

Thermoelectric Generators By Material

    Si-Ge
    Bi-Te
    Pb-Te
    Others

Thermoelectric Generators By Controller

    Single Directional
    Bi Directional
    Multi Directional

CUSTOMIZATION OF REPORT:

We also provide client's business specific and client's requirement specific research reports.

GLOSSARY:
Thermoelectric Generators: Thermoelectric Generators is also called Seebeck generators are devices that convert heat (temperature differences) directly into electrical energy, using a phenomenon called the Seebeck effect (a form of thermoelectric effect).

1 INTRODUCTION

    1.1    Key Take Aways
   1.2    Report Description
   1.3    Markets Covered
   1.4    Stakeholders
   1.5    Research Methodology
       1.5.1    Market Size
       1.5.2    Market Share
       1.5.3    Key Data Points From Secondary Sources
       1.5.4    Key Data Points From Primary Sources

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand Side Analysis
                    2.2.2.1 Precise Temperature Control
                    2.2.2.2 Easy Installation
           2.2.3 Supply Side Analysis
                    2.2.3.1 Increased R&D Activities
                    2.2.3.2 Advancements in Efficient Materials
                               2.2.3.2.1 High Figure of Merit (ZT) Materials
                               2.2.3.2.2 Low-Cost Materials
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions
           2.5.1 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Market Opportunities
    4.2 Thermoelectric Generators Market, By End User
    4.3 Market, By Source
    4.4 Market: Source vs End User
    4.5 Opportunities in Market
    4.6 Market, By Temperature
    4.7 Thermoelectric Generator Life Cycle Analysis, By Region

5 Market Overview
    5.1 Introduction
    5.2 Evolution of Thermoelectrics
    5.3 Market Segmentation
           5.3.1 Market, By End User
                    5.3.1.1 Aerospace & Defense Thermoelectric Generators Market, By Platform
           5.3.2 Market, By Temperature
           5.3.3 Market, By Wattage
           5.3.4 Market, By Source
           5.3.5 Market, By Material
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Demand for Solid State, Immobile Devices
                    5.4.1.2 Requirement for Durable and Maintenance Free Power Sources
                    5.4.1.3 Government Regulations Favoring Growth of Thermoelectric Technology
           5.4.2 Restraints
                    5.4.2.1 High Cost of Thermoelectric Material
                    5.4.2.2 Inefficiency to Generate High Output Power
           5.4.3 Opportunities
                    5.4.3.1 Growing Demand for Low Power Generators in Sensor Network
                    5.4.3.2 Demand for Thermoelectric in Healthcare
           5.4.4 Challenges
                    5.4.4.1 Prominent Substitutes
                    5.4.4.2 Design Modification
           5.4.5 Burning Issue
                    5.4.5.1 High Efficiency Material Reshaping Market

6 Industry Trends
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Key Influencers
    6.4 Industry Trends
    6.5 Thermoelctric Generators Application Roadmap
    6.6 Porter’s Five Forces Analysis
           6.6.1 Threat of New Entrants
           6.6.2 Threat of Substitutes
           6.6.3 Bargaining Power of Suppliers
           6.6.4 Bargaining Power of Buyers
           6.6.5 Intensity of Competitive Rivalry
    6.7 Pest Analysis
           6.7.1 Political Factors
           6.7.2 Economic Factors
           6.7.3 Social Factors
           6.7.4 Technological Factors
    6.8 Strategic Benchmarking
           6.8.1 Product Positioning Strategy
           6.8.2 Market Retention Strategy

7 Thermoelectric Generators Market, By End User
    7.1 Introduction
    7.2 Automotive End User
    7.3 Aerospace & Defense End User
           7.3.1 Aerospace & Defense, By Platform
    7.4 Industrial End User
    7.5 Self- Powered Sensors
    7.6 Other End User

8 Thermoelectric Generators Market, By Temperature
    8.1 Introduction
    8.2 Low Temperature (<80°C)
    8.3 Medium Temperature (80°-500°C)
    8.4 High Temperature (> 500°C)

9 Thermoelectric Generators Market, By Wattage
    9.1 Introduction
    9.2 Low Power (<10 W)
    9.3 Medium Power (10-1 Kw)
    9.4 High Power (> 1 Kw)

10 Thermoelectric Generators Market, By Source
     10.1 Introduction
     10.2 Waste Heat Recovery
     10.3 Energy Harvesting
     10.4 Direct Power Generation
     10.5 Cogeneration

11 Thermoelectric Generators Market, By Material
     11.1 Introduction
     11.2 Bismuth Telluride (BI-TE)
     11.3 Lead Telluride (PB-TE)
     11.4 Other Materials

12 Thermoelectric Generators Market, By Geography
     12.1 Introduction
     12.2 North America
             12.2.1 North America: Market Size, By Country
             12.2.2 North America: Market Size, By End User
                        12.2.2.1 North America Aerospace & Defense Thermoelectric Generators Market Size, By Platform
             12.2.3 North America Thermoelectric Generators Market Size, By Source
             12.2.4 North America : Market Size, By Wattage
             12.2.5 North America : Market Size, By Material
             12.2.6 North America : Market Size, By Temperature
             12.2.7 U.S.
                        12.2.7.1 U.S. : Market Size, By End User
                        12.2.7.2 U.S. : Market Size, By Source
                        12.2.7.3 U.S. : Market Size, By Wattage
             12.2.8 Canada
                        12.2.8.1 Canada Thermoelectric Generators Market Size, By End User
                        12.2.8.2 Canada : Market Size, By Source
                        12.2.8.3 Canada : Market Size, By Wattage
     12.3 Asia-Pacific
             12.3.1 Asia-Pacific : Market Size, By Country
             12.3.2 Asia-Pacific : Market Size, By End User
                        12.3.2.1 Asia-Pacific Aerospace & Defense Market Size, By Platform
             12.3.3 Asia-Pacific Thermoelectric Generators Market Size, By Source
             12.3.4 Asia-Pacific : Market Size, By Wattage
             12.3.5 Asia-Pacific : Market Size, By Material
             12.3.6 Asia-Pacific : Market Size, By Temperature
             12.3.7 China
                        12.3.7.1 China : Market Size, By End User
                        12.3.7.2 China : Market Size, By Source
                        12.3.7.3 China : Market Size, By Wattage
             12.3.8 Japan
                        12.3.8.1 Japan : Market Size, By End User
                        12.3.8.2 Japan : Market Size, By Source
                        12.3.8.3 Japan : Market Size, By Wattage
             12.3.9 India
                        12.3.9.1 India Thermoelectric Generators Market Size, By End User
                        12.3.9.2 India : Market Size, By Source
                        12.3.9.3 India : Market Size, By Wattage
             12.3.10 Korea
                        12.3.10.1 Korea : Market Size, By End User
                        12.3.10.2 Korea : Market Size, By Source
                        12.3.10.3 Korea : Market Size, By Wattage
     12.4 Europe
             12.4.1 Europe Thermoelectric Generators Market Size, By Country
             12.4.2 Europe : Market Size, By End User
                        12.4.2.1 Europe Aerospace & Defense Market Size, By Platform
             12.4.3 Europe Thermoelectric Generators Market Size, By Source
             12.4.4 Europe : Market Size, By Wattage
             12.4.5 Europe : Market Size, By Material
             12.4.6 Europe : Market Size, By Temperature
             12.4.7 Germany
                        12.4.7.1 Germany Thermoelectric Generators Market Size, By End User
                        12.4.7.2 Germany : Market Size, By Source
                        12.4.7.3 Germany : Market Size, By Wattage
             12.4.8 U.K.
                        12.4.8.1 U.K. Thermoelectric Generators Market Size, By End User
                        12.4.8.2 U.K. : Market Size, By Source
                        12.4.8.3 U.K. : Market Size, By Wattage
             12.4.9 France
                        12.4.9.1 France Thermoelectric Generators Market Size, By End User
                        12.4.9.2 France : Market Size, By Source
                        12.4.9.3 France : Market Size, By Wattage
             12.4.10 Spain
                        12.4.10.1 Spain Thermoelectric Generators Market Size, By End User
                        12.4.10.2 Spain : Market Size, By Source
                        12.4.10.3 Spain : Market Size, By Wattage

SEGMENTATION IN THE REPORT:

Thermoelectric Generators By Application

    Automotives
    Industrial
    Sensors
    Wearables
    Others

Thermoelectric Generators By Power:

    <30 W
    30-100 W
    100-1KW
    >1KW

Thermoelectric Generators By Temperatures

    <100 Degree C
    100 -500 Degree C
    500-1K degree C
    >1K degree C

Thermoelectric Generators By Material

    Si-Ge
    Bi-Te
    Pb-Te
    Others

Thermoelectric Generators By Controller

    Single Directional
    Bi Directional
    Multi Directional

Report Id: EMTGM117

Got a question? We've got answers. If you have some other questions, see our support center.

What is the predicted growth rate of thermoelectric generators market?

The market is expected to grow at a CAGR of 13.8% during the study period 2022-2027)

How big is the thermoelectric generators market value?

The global thermoelectric generators market was valued at US$ 245.3 Million in 2014, and is projected to grow at a CAGR of 13.8% to reach USD 1025.0 Million by 2025.

What is the segment’s covered for the thermoelectric generators market?

The segment included in thermoelectric generators market is Application, Power, Temperatures, Material, Controller and region.

Who are the major key vendors in the thermoelectric generators market?

Some key players operating in the thermoelectric generators market include Gentherm, Alphabet Energy, Yamaha Corp, TECTEG MFR, Komatsu Corp, and Laird Tech

What are the different forms of the report available?

We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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