Thermoelectric Generators Market by Source, Material, Component, End User, Temperature, Wattage, and Region - Global Forecast to 2022

  • ID: 4267770
  • Report
  • Region: Global
  • 160 Pages
  • Markets and Markets
1 of 5
The Thermoelectric Generators Market is Projected to Grow from an Estimated USD 368.5 Million in 2017 to USD 715.8 Million by 2022

FEATURED COMPANIES

  • Alphabet Energy, Inc.
  • Evident Thermoelectrics
  • Ferrotec Corporation
  • Gentherm, Inc.
  • II-VI Marlow, Inc.
  • Kelk Ltd
  • MORE

'Thermoelectric Generators Market by Source (Waste Heat Recovery, Energy Harvesting, Direct Power Generation, Co-Generation), Material (Bismuth Telluride, Lead Telluride), Component, End User, Temperature, Wattage, and Region - Global Forecast to 2022'

Increasing demand for recovering waste heat generated by various industries is one of the key factors driving the growth of thermoelectric generators market

The thermoelectric generators market is projected to grow from an estimated USD 368.5 million in 2017 to USD 715.8 million by 2022, at a CAGR of 14.20% during the forecast period, 2017 to 2022. Increasing demand for waste heat recovery from various industries and increasing concerns for improving the efficiency of automobiles is driving the market. Thermoelectic generators help in increasing efficiency by utilizing waste heat. High production cost of TEGs and inability to produce high electricity output are restraining its market.

The growth of the thermoelectric generators market across the globe can be attributed to the increasing demand to recover the waste heat generated by various industries. Due to the increasing environmental concerns, the demand to improve the efficiency of engines is increasing. Thermoelectric generators play an important role in increasing efficiency by utilizing waste heat.

Among End User, the automotive segment is expected to lead the thermoelectric generators market during the forecast period, 2017 to 2022.

Among End User, the automotive segment is expected to lead the thermoelectric generators market during the forecast period from 2017 to 2022. The growth of the automotive segment in the thermoelectric generators market can be attributed to the increasing adoption of thermoelectric generators to power the vehicle’s electrical system.

Among temperature, the low temperature (<80°C) segment is projected to grow at the highest CAGR in the thermoelectric generators market during the forecast period. Growth in this sector can be mainly attributed to the rising demand for self-powered sensors in the industrial sector and wearables in the healthcare and consumer markets.
The North American region is estimated to lead the thermoelectric generators market during the forecast period.

The North American region is the largest market for thermoelectric generators due to the presence of various prominent players offering thermoelectric generators in this region. Another factor that contributes to the growth of the North American thermoelectric generators market is the increasing adoption of thermoelectric generators by various industries such as automotive, aerospace, and defense in the region for power generation through waste heat recovery. There is a growing demand for thermoelectric generators in the industrial sector as well.

The break-up of profiles of primary participants in the thermoelectric generators market is as follows:

  • By Company Type - Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
  • By Designation - C level - 35%, Director level - 25%, and Others - 40%
  • By Region - North America - 26%, Europe - 30%, Asia-Pacific - 22%, South America - 13%, and Middle East & Africa - 9%

Major companies profiled in the report include Gentherm, Inc. (U.S.), II-VI Marlow, Inc. (U.S.), Ferrotec Holdings Corporation (Japan), Laird plc (U.K.), KELK Ltd. (U.K.), Yamaha Corp. (Japan), Evident Thermoelectrics (U.K.), and Kryotherm Company (Russia), among others.

Research Coverage:

This research report categorizes the thermoelectric generators market on the basis of end user, temperature, source, material, wattage, and component. It studies the thermoelectric generators market in North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Reasons to Buy This Report:

From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of the top players, company profiles, emerging and high-growth segments of the thermoelectric generators market, high-growth regions, and drivers, restraints, opportunities, and challenges influencing the growth of the thermoelectric generators market.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on thermoelectric generators offered by the top players operating in the thermoelectric generators market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the thermoelectric generators market.
  • Market Development: Comprehensive information about lucrative markets for thermoelectric generators across different regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the thermoelectric generators market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the thermoelectric generators market.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Alphabet Energy, Inc.
  • Evident Thermoelectrics
  • Ferrotec Corporation
  • Gentherm, Inc.
  • II-VI Marlow, Inc.
  • Kelk Ltd
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Distribution Channel Participants
1.6 Limitations
1.7 Market Stakeholders

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 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Increase in Demand for Energy Consumption
2.2.2.2 Need for Temperature Control Applications
2.2.3 Supply Side Analysis
2.2.3.1 Increase in Production Capacity of Teg Manufacturing
2.2.3.2 Prices of the Raw Material
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities
4.2 Thermoelectric Generators Market, By End User
4.3 Thermoelectric Generators Market, By Source
4.4 Thermoelectric Generators Market, By Material
4.5 Thermoelectric Generators Market, By Temperature
4.6 Thermoelectric Generators Market, By Component
4.7 Thermoelectric Generators Market, By Wattage
4.8 Thermoelectric Generators Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Thermoelectric Generators Market, By End User
5.2.2 Thermoelectric Generators Market, By Temperature
5.2.3 Thermoelectric Generators Market, By Wattage
5.2.4 Thermoelectric Generators Market, By Source
5.2.5 Thermoelectric Generators Market, By Material
5.2.6 Thermoelectric Generators Market, By Component
5.2.7 Thermoelectric Generators Market, By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rapid Commercialization of Thermoelectric Generators in the Automobile Industry
5.3.1.2 Increasing Demand for Miniaturized Teg
5.3.1.3 Requirement for Durable and Maintenance Free Power Sources
5.3.2 Restraints
5.3.2.1 High Production Cost of Thermoelectric Material
5.3.2.2 Inability to Produce High Power Electricity Output
5.3.3 Opportunities
5.3.3.1 Increasing Adoption of Teg By Different Power Plants
5.3.3.2 Rapid Commercialization of Low Power Generators in Sensor Network
5.3.3.3 High-Efficiency Material Reshaping Thermoelectric Generators Market
5.3.3.4 Rise in the Demand for Thermoelectric in Medical Devices
5.3.4 Challenges
5.3.4.1 Easy Availability of Prominent Substitutes
5.3.4.2 Modification in Basic Design of the Thermoelectric Generators

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.3.1 Materials Used for Thermoelectric Modules
6.3.2 Wearable Thermoelectric Generators Used to Charge Smartwatches
6.3.3 Heat Exchanger With Thermoelectric Generators
6.4 Thermoelectric Generators Application Roadmap
6.5 Pest Analysis
6.5.1 Political Factors
6.5.2 Economic Factors
6.5.3 Social Factors
6.5.4 Technological Factors
6.6 Key Trend Analysis
6.7 Recent Funding in the Thermoelectric Generators Market
6.8 Innovations and Patent Registrations

7 Thermoelectric Coolers

8 Thermoelectric Generators Market, By End User
8.1 Introduction
8.2 Automotive
8.3 Aerospace
8.4 Defense
8.5 Industrial
8.6 Consumer
8.7 Others

9 Thermoelectric Generators Market, By Source
9.1 Introduction
9.2 Waste Heat Recovery
9.3 Energy Harvesting
9.4 Direct Power Generation
9.5 Co-Generation

10 Thermoelectric Generators Market, By Temperature
10.1 Introduction
10.2 Low Temperature ( 500°C)

11 Thermoelectric Generators Market, By Wattage
11.1 Introduction
11.2 Low Power ( 1kW)

12 By Material
12.1 Introduction
12.2 Bismuth Telluride
12.3 Lead Telluride
12.4 Others

13 Thermoelectric Generators Market, By Component
13.1 Introduction
13.2 Heat Source
13.3 Thermoelectric Module
13.4 Cold Side
13.5 Electric Load

14 Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 By End User
14.2.2 By Source
14.2.3 By Wattage
14.2.4 By Material
14.2.5 By Temperature
14.2.6 By Country
14.2.6.1 U.S.
14.2.6.1.1 By End User
14.2.6.1.2 By Source
14.2.6.2 Canada
14.2.6.2.1 By End User
14.2.6.2.2 By Source
14.3 Asia-Pacific
14.3.1 By End User
14.3.2 By Source
14.3.3 By Wattage
14.3.4 By Material
14.3.5 By Temperature
14.3.6 By Country
14.3.6.1 China
14.3.6.1.1 By End User
14.3.6.1.2 By Source
14.3.6.2 Japan
14.3.6.2.1 By End User
14.3.6.2.2 By Source
14.3.6.3 India
14.3.6.3.1 By End User
14.3.6.3.2 By Source
14.3.6.4 South Korea
14.3.6.4.1 By End User
14.3.6.4.2 By Source
14.4 Europe
14.4.1 By Source
14.4.2 By Wattage
14.4.3 By Material
14.4.4 By Temperature
14.4.5 By Country
14.4.5.1 Germany
14.4.5.1.1 By End User
14.4.5.1.2 By Source
14.4.5.2 U.K.
14.4.5.2.1 By End User
14.4.5.2.2 By Source
14.4.5.3 France
14.4.5.3.1 By End User
14.4.5.3.2 By Source
14.4.5.4 Spain
14.4.5.4.1 By End User
14.4.5.4.2 By Source
14.5 Rest of the World
14.5.1 By End User
14.5.2 By Temperature
14.5.3 By Source
14.5.4 By Wattage
14.5.5 By Material

15 Competitive Landscape
15.1 Introduction
15.1.1 Vanguards
15.1.2 Innovator
15.1.3 Dynamic
15.1.4 Emerging
15.2 Competitive Benchmarking
15.2.1 Product Offerings
15.2.2 Business Strategy

16 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
16.1 Gentherm, Inc.
16.2 II-VI Marlow, Inc.
16.3 Ferrotec Corporation
16.4 Laird PLC
16.5 Kelk Ltd
16.6 Yamaha Corporation
16.7 Evident Thermoelectrics
16.8 Kryotherm Company
16.9 Alphabet Energy, Inc.
16.10 Tellurex Corporation

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

17 Appendix
17.1 Discussion Guide
17.2 Knowledge Store
17.3 Introducing RT: Real-Time Market Intelligence
17.4 Available Customizations
17.5 Related Reports
17.6 Author Details

List of Tables:
Table 1 Fuel Saving Power of Thermoelectric Generators in Automobiles
Table 2 Price Range of Materials Used in Thermoelectric Generators
Table 3 Energy Consumption of Medical Devices
Table 4 Thermoelectric Materials With Their Figure of Merit
Table 5 Impact Analysis of Pest Factors
Table 6 Key Trend Analysis
Table 7 Innovations and Patent Registrations, 2015-2017
Table 8 Applications of Thermoelectric Coolers
Table 9 Leading Manufacturers of Thermoelectric Coolers
Table 10 Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 11 Automotive Segment, By Region, 2015-2022 (USD Million)
Table 12 Aerospace Segment, By Region, 2015-2022 (USD Million)
Table 13 Defense Segment, By Region, 2015-2022 (USD Million)
Table 14 Industrial Segment, By Region, 2015-2022 (USD Million)
Table 15 Consumer Segment, By Region, 2015-2022 (USD Million)
Table 16 Other Segment, By Region, 2015-2022 (USD Million)
Table 17 Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 18 Waste Heat Recovery Segment, By Region, 2015-2022 (USD Million)
Table 19 Energy Harvesting Segment, By Region, 2015-2022 (USD Million)
Table 20 Direct Power Generation Segment, By Region, 2015-2022 (USD Million)
Table 21 Co-Generation Segment, By Region, 2015-2022 (USD Million)
Table 22 Thermoelectric Generators Market Size, By Temperature, 2015-2022 (USD Million)
Table 23 Low Temperature ( 500°C) Segment, By Region, 2015-2022 (USD Million)
Table 26 Thermoelectric Generators Market Size, By Wattage, 2015-2022 (USD Million)
Table 27 Low Power (< 10w) Segment, By Region, 2015-2022 (USD Million)
Table 28 Medium Power Thermoelectric Generators Market Size, By Region, 2015-2022 (USD Million)
Table 29 High Power Thermoelectric Generators Market Size, By Region, 2015-2022 (USD Million)
Table 30 Thermoelectric Generators Market Size, By Material, 2015-2022 (USD Million)
Table 31 Bismuth Telluride Segment, By Region, 2015-2022 (USD Million)
Table 32 Lead Telluride Segment, By Region, 2015-2022 (USD Million)
Table 33 Others Segment, By Region, 2015-2022 (USD Million)
Table 34 Thermoelectric Generators Market Size, By Component, 2015-2022 (USD Million)
Table 35 Thermoelectric Generators Market Size, By Region, 2015-2022 (USD Million)
Table 36 North America: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 37 North America: Thermoelectric Generator Market Size, By Source, 2015-2022 (USD Million)
Table 38 North America: Thermoelectric Generators Market Size, By Wattage, 2015-2022 (USD Million)
Table 39 North America: Thermoelectric Generators Market Size, By Material, 2015-2022 (USD Million)
Table 40 North America: Thermoelectric Generators Market Size, By Temperature, 2015-2022 (USD Million)
Table 41 North America: Thermoelectric Generator Market Size, By Country, 2015-2022 (USD Million)
Table 42 U.S.: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 43 U.S.: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 44 Canada: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 45 Canada: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 46 Asia-Pacific: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 47 Asia-Pacific : Thermoelectric Generator Market Size, By Source, 2015-2022 (USD Million)
Table 48 Asia-Pacific: Thermoelectric Generators Market Size, By Wattage, 2015-2022 (USD Million)
Table 49 Asia-Pacific : Thermoelectric Generators Market Size, By Material, 2015-2022 (USD Thousand)
Table 50 Asia-Pacific: Thermoelectric Generators Market Size, By Temperature, 2015-2022 (USD Million)
Table 51 Asia-Pacific: Thermoelectric Generator Market Size, By Country, 2015-2022 (USD Million)
Table 52 China: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 53 China : Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million
Table 54 Japan: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 55 Japan: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 56 India: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 57 India: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 58 South Korea: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 59 South Korea: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 60 Europe: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 61 Europe: Thermoelectric Generator Market Size, By Source, 2015-2022 (USD Million)
Table 62 Europe: Thermoelectric Generators Market Size, By Wattage, 2015-2022 (USD Million)
Table 63 Europe: Thermoelectric Generators Market Size, By Material, 2015-2022 (USD Million)
Table 64 Europe: Thermoelectric Generators Market Size, By Temperature, 2015-2022 (USD Million)
Table 65 Europe: Thermoelectric Generator Market Size, By Country, 2015-2022 (USD Million)
Table 66 Germany: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 67 Germany: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 68 U.K.: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 69 U.K.: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 70 France: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 71 France: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 72 Spain: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 73 Spain: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 74 Rest of the World: Thermoelectric Generators Market Size, By End User, 2015-2022 (USD Million)
Table 75 Rest of the World: Thermoelectric Generators Market Size, By Temperature, 2015-2022 (USD Million)
Table 76 Rest of the World: Thermoelectric Generators Market Size, By Source, 2015-2022 (USD Million)
Table 77 Rest of the World: Thermoelectric Generators Market Size, By Wattage, 2015-2022 (USD Million)
Table 78 Rest of the World: Thermoelectric Generators Market Size, By Material, 2015-2022 (USD Million)

List of Figures:
Figure 1 Thermoelectric Generators Market: Markets Covered
Figure 2 Years Considered for the Study
Figure 3 Research Process Flow
Figure 4 Thermoelectric Generators Market: Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 6 Thermal Heat Transfer Technologies, By Industry, 2014
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation
Figure 10 Assumptions of the Research Study
Figure 11 Thermoelectric Generators Market, By End-User, 2017 & 2022 (USD Million)
Figure 12 The Waste Heat Recovery Segment is Estimated to Lead the Thermoelectric Generators Market in 2017
Figure 13 North America is Estimated to Be the Largest Market for Thermoelectric Generators in 2017
Figure 14 Demand for Thermoelectric Generators for Waste Heat Recovery is Expected to Drive the Market
Figure 15 Industrial Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Waste Heat Recovery Expected to Be the Largest Segment During the Forecast Period
Figure 17 Bite is Estimated to Be the Largest Segment in 2017
Figure 18 Medium Temperature Expected to Be the Largest Segment in 2017
Figure 19 Electric Load Segment Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Medium Power Estimated to Be the Largest Segment in 2017
Figure 21 Thermoelectric Generators Market in Asia-Pacific Market Expected to Grow at Highest CAGR During the Forecast Period
Figure 22 Thermoelectric Generators Market, By End User
Figure 23 Thermoelectric Generators Market, By Temperature
Figure 24 Thermoelectric Generators Market, By Wattage
Figure 25 Thermoelectric Generators Market, By Source
Figure 26 Thermoelectric Generators Market, By Material
Figure 27 Thermoelectric Generators Market, By Component
Figure 28 Thermoelectric Generators Market, By Region
Figure 29 Market Dynamics
Figure 30 Technological Development is A Growing Trend in the Thermoelectric Generators Market
Figure 31 Thermoelectric Generators Application Roadmap
Figure 32 Different Applications of Thermoelectric Coolers
Figure 33 Automotive Segment is Estimated to Lead the Thermoelectric Generators Market During the Forecast Period
Figure 34 Waste Heat Recovery Segment is Expected to Lead the Thermoelectric Generators Market During the Forecast Period
Figure 35 Application Wise Temperature Ranges
Figure 36 Medium Temperature Segment Projected to Dominate Thermoelectric Generators Market During the Forecast Period
Figure 37 Low Power Segment Projected to Grow at the Highest CAGR During the Forecast Period
Figure 38 Bismuth Telluride (Bite) Segment Projected to Lead Thermoelectric Generators Market During the Forecast Period
Figure 39 Thermoelectric Generators Market: Thermoelectric Module is Going to Dominate the Thermoelectric Generators Market During the Forecast Period
Figure 40 Thermoelectric Generators Market in Asia-Pacific Projected to Grow at Highest CAGR During the Forecast Period
Figure 41 North America Thermoelectric Generators Market Snapshot
Figure 42 Asia-Pacific Thermoelectric Generators Market Snapshot
Figure 43 Europe Thermoelectric Generator Market Snapshot
Figure 44 Dive Chart
Figure 45 Gentherm, Inc.: Company Snapshot
Figure 46 Gentherm, Inc.: Product Offerings Scorecard
Figure 47 Gentherm, Inc.: Business Strategies Scorecard
Figure 48 II-VI Marlow, Inc.: Company Snapshot
Figure 49 II-VI Marlow: Product Offerings Scorecard
Figure 50 II-VI Marlow.: Business Strategies Scorecard
Figure 51 Ferrotec Corporation: Company Snapshot
Figure 52 Ferrotec Corporation: Product Offerings Scorecard
Figure 53 Ferrotec Corporation: Business Strategies Scorecard
Figure 54 Laird PLC: Company Snapshot
Figure 55 Laird PLC: Product Offerings Scorecard
Figure 56 Laird PLC: Business Strategies Scorecard
Figure 57 Kelk Ltd.: Product Offerings Scorecard
Figure 58 Kelk Ltd.: Business Strategies Scorecard
Figure 59 Yamaha Corporation: Company Snapshot
Figure 60 Yamaha Corporation: Product Offerings Scorecard
Figure 61 Yamaha Corporation: Business Strategies Scorecard
Figure 62 Evident Thermoelectrics: Product Offerings Scorecard
Figure 63 Evident Thermoelectrics: Business Strategies Scorecard
Figure 64 Kryotherm Company: Product Offerings Scorecard
Figure 65 Kryotherm Company: Business Strategies Scorecard
Figure 66 Alphabet Energy, Inc.: Product Offerings Scorecard
Figure 67 Alphabet Energy, Inc.: Business Strategies Scorecard
Figure 68 Tellurex Corporation: Product Offerings Scorecard
Figure 69 Tellurex Corporation: Business Strategies Scorecard

Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Alphabet Energy, Inc.
  • Evident Thermoelectrics
  • Ferrotec Corporation
  • Gentherm, Inc.
  • II-VI Marlow, Inc.
  • Kelk Ltd
  • MORE

The thermoelectric generators market is projected to grow from an estimated USD 368.5 Million in 2017 to USD 715.8 Million by 2022, at a CAGR of 14.20% during the forecast period, 2017 to 2022. The growth of the thermoelectric generators market across the globe can be attributed to the increasing demand to recover the waste heat generated by various industries. Due to increasing environmental concerns, the demand to improve the efficiency of engines is growing. Thermoelectric generators play an important role in increasing efficiency by utilizing waste heat.

The thermoelectric generators market has been segmented on the basis of end user, source, component, temperature, wattage, material, and region. Based on end user, the thermoelectric generators market has been segmented into automotive, aerospace, defense, industrial, consumer, and others. The automotive segment is projected to lead the thermoelectric generators market owing to the wide adoption of thermoelectric generators in automobiles to convert exhaust heat into electrical energy in order to increase the overall efficiency of the engine.

Based on source, the thermoelectric generators market has been segmented into waste heat recovery, energy harvesting, direct power generation, and co-generation. The energy harvesting segment is expected to grow at the highest CAGR in the thermoelectric generators market during the forecast period, owing to the increasing demand for consumer and defense applications wherein, thermoelectric generators are used to power wearable devices.

The thermoelectric generators market has been studied for North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North American region is estimated to be the largest market for thermoelectric generators in 2017. Countries, such as the U.S. and Canada in the North American region are witnessing an increasing adoption of thermoelectric generators in the automotive industry. The thermoelectric generators markets in the European and Asia-Pacific regions are also expected to witness high growth, owing to the rapid commercialization of thermoelectric generators in industrial applications.

High cost and low efficiency of thermoelectric generators can act as challenge for the growth of the thermoelectric generators market.

Major companies profiled in the report include Gentherm Inc. (U.S.), II-VI Marlow Inc. (U.S.), Ferrotec Corporation (Japan), Laird plc (U.K.), and Evident Thermoelectrics (U.S.), among others. Acquisitions and new product launches were the key strategies adopted by the leading players in the thermoelectric generators market from 2012 to 2016. These strategies have enabled companies to strengthen their positions in the market.

Note: Product cover images may vary from those shown
5 of 5
  • Alphabet Energy, Inc.
  • Evident Thermoelectrics
  • Ferrotec Corporation
  • Gentherm, Inc.
  • II-VI Marlow, Inc.
  • Kelk Ltd
  • Kryotherm Company
  • Laird PLC
  • Tellurex Corporation
  • Yamaha Corporation
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll