More than fifty percent of energy is lost to surroundings (also called as waste energy) when heat from fuels is converted to other types of energy, like mechanical energy in automobiles or enthalpy in industries. This inefficiency of energy transfer technologies and environmental impact of fossil fuels has lead governments in Europe and USA to invest heavily in efficiency increasing technologies like Combined Heat and Power (CHP), Thermoelectric Systems and Energy Management Systems.
Technological advances, governments encouragements, scope of applications for thermoelectric devices and the fact that this technology is on verge of major breakthrough is attracting huge investments in this market. Applications that can convert industrial waste heat into useful electricity present a huge opportunity in this segment. But the market still has to overcome the inefficiency hurdle on a commercial scale to make the thermoelectric materials an attractive proposition.
Companies like GMZ Energy has attracted millions of dollars in funding (from companies like GE, BP Alternate Energy, Conoco Phillips etc.) and are on verge of commercializing their patented thermoelectric materials. Alphabet Energy already released its industry scale thermoelectric generator for Oil & Gas and mining sector. Thermoelectric generators have advantage of being physically robust, quiet and they require low maintenance as there are no moving parts involved in power generation.
This report comprehensively analyzes the thermoelectric devices market by segmenting it based on applications: sensors, refrigeration, automobile, residential and industrial application. Estimates in each segment are provided for the next six years. Key drivers and restraints that are effecting the growth of this market were discussed in detail. Potential investment opportunities were included in the report. The study also elucidates on competitive landscape and key market players.
2.1 Report Guidance
2.2 Markets Covered
2.3 Key Points Noted
3. Market Overview
3.3 Investment Opportunities
4. Drivers, Constraints and Opportunities
4.1.1 Potential applications across multiple domains
4.1.2 High inefficiencies of current energy transfer technologies
4.1.3 Advantages like being physically robust, quiet and low maintenance requirement
4.2.1 Low efficiency of thermoelectric devices
4.3.1 New Materials like Skutterudites and Bismuth Telluride
4.3.2 Industrial Waste Heat
5. Thermoelectrics Market Demand upto 2022
5.1 Current Market Size and Forecast up to 2022
5.2 Recent Trends and Opportunties
6. Thermoelectrics Market Segmentation, by Applications
6.5 Residential Applications
6.6 Industrial Applications
7. Competitive Landscape
7.1 Deal Summary
7.1.2 Private Equity
7.1.3 Equity Offerings
7.1.4 Debt Offerings
7.2 Recent Developments
8. Key Company Analysis
8.1 Thermo Electric Company, Inc.
8.2 GMZ Energy
8.3 Alphabet Energy
8.4 Evident Thermoelectrics
8.6 Phononic Devices
8.8 Teledyne Energy Systems, Inc.
8.10 Marlow, Inc.
8.11 RedHawk Energy Systems LLC
9.3 Market Definition
9.3.3 Secondary Research
9.3.4 Primary Research
9.3.5 Expert Panel Validation
9.4 Contact Us