Global Micro Thermoelectric Modules Market - Growth, Trends and Forecasts (2017 - 2023)

  • ID: 4402756
  • Report
  • Region: Global
  • 125 pages
  • Mordor Intelligence
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  • Ams Technologies
  • Ferrotec Corporation
  • Kryotherm
  • Micropelt Gmbh
  • Te Technology Inc.
  • Tellurex Corporation
  • MORE
The Micro Thermoelectric Modules Market is expected to register a CAGR of 22.2% during the forecast period, 2018-2023 A thermoelectric device operates on the thermoelectric effect, and directly converts any temperature difference into an electric voltage (Seebeck Effect) or vice versa (Peltier Effect). By type, the thermoelectric modules are divided into bulk thermoelectric modules, micro thermoelectric modules, and thin film thermoelectric modules. Micro-thermoelectric modules are devices that have semiconductor element dimensions of less than 1.0 mm square, which allow more number of thermocouples for a given size module. These modules hold various advantages. A thermoelectric module works electrically without any moving parts so they are virtually maintenance-free and flexible in shape. One of the unique properties of micro thermoelectric modules is the possibility to convert heat into electricity starting from almost zero temperature difference.

Additionally, technological advancements resulted in product miniaturization, giving rise to a multitude of micro devices such as microprocessors, micro sensors, microcontrollers, and micro instruments. Thermoelectric technology can be used to solve thermal problems in microelectronic circuits by catering unattended & continuous power requirements, and backup power on manned platforms for critical communications & emergency shutdown systems.

The modules find primary application across industries such as in Opto-electronics and telecom industries. Thermoelectric modules have the potential to find broad application in waste heat recovery (energy harvesting).

The primary factors that hinder the growth of the thermoelectric modules market are their high cost and low-efficiency. The market still has to overcome the inefficiency hurdle on a commercial scale to make the thermoelectric materials an attractive proposition. Active R&D activities carried by companies such as HI-Z Technology Inc., and Ferrotec Corporation, around the world, are aimed at tackling these restraints. Nanotechnology is helping the thermoelectric technology achieve breakthroughs.

The report segments the global micro thermoelectric market based on the application of thermoelectric modules into energy harvesters, detectors and sensors, lasers & LEDs, etc.

Market segmentation based on geography divides the market into North America, Europe, Asia-Pacific, and Rest of the World. In 2016, among all the mentioned regions, Asia-Pacific accounted for the largest share of the global micro thermoelectric modules market. The growth of Asia-Pacific can be attributed to the performance of burgeoning economies of India and China. The low cost of production owing to the low labor cost, and growing demand for thermoelectric modules in various applications are some of the factors for the rise in demand in Asia-Pacific. This region is projected to dominate the global micro thermoelectric modules market over the forecast period.

Some of the major companies specialized in producing micro thermoelectric modules include:
Kelk Ltd., Yamaha, RMT Ltd., Micropelt GmbH, TEC microsystems, thermion company, , TE technology, Ferrotec Corporation, Marlow Industries, Kryotherm and others.

Key Deliverables in the Study
Market Overview - market analysis and identification of key drivers, restraints and opportunities
Major trends and economic outlook
Value chain analysis
Porters five forces analysis
Comprehensive summary of the industry sectors and regions poised for the fastest growth
Micro thermoelectric devices market analysis by application type and region
Future outlook of the market
Extensively researched competitive landscape section with profiles of major companies along with their estimated market shares
Note: Product cover images may vary from those shown
2 of 5


  • Ams Technologies
  • Ferrotec Corporation
  • Kryotherm
  • Micropelt Gmbh
  • Te Technology Inc.
  • Tellurex Corporation
  • MORE
1. Executive Summary

2. Research Methodology

3. Market Overview
3.1 Introduction
3.2 Technology Overview
3.3 Market Size and Demand Forecast Until 2023
3.4 Recent Trends and Developments

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities

5. Value-Chain Analysis

6. Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Competitive Rivalry Within the Industry

7. Global Micro Thermoelectric Devices Market Analysis, by Application
7.1 Energy Harvesters
7.2 Detectors and Sensors
7.3 Others

8. Global Micro Thermoelectric Devices Market Analysis, by Geography
8.1 North America
8.1.1 Market Overview
8.1.2 Market Size and Demand Forecast Until 2023
8.2 Europe
8.2.1 Market Overview
8.2.2 Market Size and Demand Forecast Until 2023
8.3 Asia-Pacific
8.3.1 Market Overview
8.3.2 Market Size and Demand Forecast Until 2023
8.4 Rest of the World
8.4.1 Market Overview
8.4.2 Market Size and Demand Forecast Until 2023

9. Key Company Profiles
9.1 Ams Technologies
9.2 Everredtronics Ltd.
9.3 Ferrotec Corporation
9.4 Gentherm Global Power Technologies
9.5 Kelk Ltd (Subsidiary of Komatsu Ltd.)
9.6 Kryotherm
9.7 Laird Technologies
9.8 Ii-Vi Marlow
9.9 Micropelt Gmbh
9.10 Rmt Ltd
9.11 Tec Micro Systems
9.12 Tellurex Corporation
9.13 Te Technology Inc.
9.14 Thermion Company
9.15 Yamaha Corporation

10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations and Agreements
10.3 Market Share Analysis

11. Appendix
11.1 Contact Us
11.2 Disclaimer
Note: Product cover images may vary from those shown
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  • Ams Technologies
  • Everredtronics Ltd.
  • Ferrotec Corporation
  • Gentherm Global Power Technologies
  • Kelk Ltd (Subsidiary of Komatsu Ltd.)
  • Kryotherm
  • Laird Technologies
  • Ii-Vi Marlow
  • Micropelt Gmbh
  • Rmt Ltd
  • Tec Micro Systems
  • Tellurex Corporation
  • Te Technology Inc.
  • Thermion Company
  • Yamaha Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown