Thermoelectric Modules Market by Technology (Single Stage, and Multi Stage), Type (Bulk Thermoelectric, Micro Thermoelectric, and Thin Film Thermoelectric), Functionality, Offering, End–Use Application, and Region - Global Forecast to 2023

  • ID: 4433431
  • Report
  • Region: Global
  • 159 Pages
  • Markets and Markets
1 of 6
According to the Forecast, the Thermoelectric Modules Market, in Terms of Value, is Expected to Grow from USD 527.5 Million in 2017 to USD 890.6 Million by 2023, at a CAGR of 9.12%

FEATURED COMPANIES

  • Advanced Thermoelectric
  • Crystal Ltd.
  • Hicooltec Electronic
  • Kelk Ltd.
  • Merit Technology Group
  • Phononic
  • MORE

The global thermoelectric modules market is expected to grow from USD 527.5 million in 2017 and is expected to reach USD 890.6 million by 2023, at a CAGR of 9.12% between 2017 and 2023. Advanced features of thermoelectric modules such as precise temperature control, simultaneous heating and cooling, and compact size is driving their adoption in the telecommunications, consumer electronics, and industrial applications. Moreover, there is an increasing use of these modules in the automotive application due to various factors such as decrease in power loss of engine, decrease in fuel loss, less maintenance, and compact size.

The largest share of bulk modules is attributed to the fact that these modules produce the highest output power and voltage compared with micro and thin film thermoelectric modules. Moreover, these modules are the most commonly used types of thermoelectric modules for telecommunications, medical, aerospace, and industrial applications.

Asia Pacific (APAC) holds the largest share of the thermoelectric modules market due to low manufacturing costs owing to low overhead costs and labor and growing demand for thermoelectric modules across diverse applications. Moreover, the increased demand for waste heat recovery, industrial automation, and healthcare monitoring devices are expected to drive the growth of this market. With the use of thermoelectric modules, higher efficiency levels and energy harvesting can be achieved. On the other hand, the market in the Americas is expected to grow at the highest CAGR between 2017 and 2023. This growth is attributed to the presence of top manufacturers in this region and use of thermoelectric modules in many applications such as automotive, telecommunications, and medical and laboratories. Moreover, bio-monitoring and healthcare-related devices require thermoelectric modules for various applications such as thermal cycling and temperature control. These factors are expected to increase the demand for thermoelectric modules in the Americas.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts.

The Breakup of the Profiles of Primary Participants is as Follows:

  • By Company Type: Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%
  • By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%
  • By Region: Americas - 45%, Europe - 25%, APAC - 20%, and RoW - 10%

The key players operating in this market include Ferrotec (Japan), Laird (UK), II-VI Marlow (US), Crystal Ltd. (Russia), and RMT Ltd (Russia). The other players in this market include KELK Ltd. (Japan),TE Technology (US), TEC Microsystems (Germany), Kryotherm (Russia), Thermion Company (Ukraine), Thermonamic Electronics (Jiangxi, China), EVERREDtronics (China), Micropelt (Germany), Hi-Z Technology (US), Hui Mao (China), Hicooltec Electronic (China), Z-Max (Japan), Merit Technology Group (China), LG Innotek (South Korea), Align Sourcing  (US), AMS Technologies (Germany), European Thermodynamics (UK), CUI Inc. (US), Wellen Technology (China), and Advanced Thermoelectric (US).

Research Coverage

This report covers the thermoelectric modules market based on technology, type, functionality, end-use application, offering, and region. A detailed analysis of the key industry players has been done to provide insights into their business, products and services, and key strategies such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations associated with the thermoelectric modules market.

Key Benefits of Buying the Report

The report would help market leaders or new entrants in the following ways:

1. This report segments the overall market comprehensively and provides the closest approximations of the global thermoelectric modules market size and that of the subsegments across different applications and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key drivers, restraints, challenges, and opportunities in the thermoelectric modules market.
3. This report would help stakeholders to understand their competitors better and gain insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem, product developments, partnerships, and mergers and acquisitions in the thermoelectric modules market.

READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Advanced Thermoelectric
  • Crystal Ltd.
  • Hicooltec Electronic
  • Kelk Ltd.
  • Merit Technology Group
  • Phononic
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 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
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for the Thermoelectric Modules Market
4.2 Thermoelectric Modules Market, By Offering
4.3 Thermoelectric Modules Market in APAC, By Country & Type
4.4 Geographic Snapshot of Thermoelectric Modules Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Precise Temperature Control and Superior Benefits of Thermoelectric Modules
5.2.1.2 Dual Properties (Simultaneous Heating and Cooling) of Thermoelectric Modules
5.2.1.3 Improved Vehicle Fuel Efficiency Using Thermoelectric Modules
5.2.1.4 Increasing Awareness of Green Energy
5.2.1.5 Rising Awareness By Various Governments
5.2.2 Restraints
5.2.2.1 Low Energy Conversion Efficiency Rate of Single-Stage Thermoelectric Modules
5.2.2.2 High Cost as Compared to Conventional Cooling and Refrigeration Systems
5.2.3 Opportunities
5.2.3.1 Increasing Applications of Thermoelectric Modules in Various Industries Such as Automotive and Medical & Laboratories
5.2.3.2 A Wearable Thermoelectric Generator
5.2.4 Challenges
5.2.4.1 Standard Solution Would Not Always Meet Customers’ Needs
5.3 Value Chain Analysis
5.3.1 Research and Development
5.3.2 Raw Material/Component Providers
5.3.3 Manufacturing and Assembly
5.3.4 Marketing and Sales
5.3.5 End Users
5.4 Key Trends: Thermoelectric Modules Market

6 Thermoelectric Modules Market, By Technology
6.1 Introduction
6.2 Single Stage
6.3 Multi Stage

7 Thermoelectric Modules Market, By Type
7.1 Introduction
7.2 Bulk Thermoelectric
7.3 Micro Thermoelectric
7.4 Thin Film Thermoelectric

8 Thermoelectric Modules Market, By Functionality
8.1 Introduction
8.2 Deep Cooling Modules
8.3 General Purpose Modules
8.3.1 Temperature Stabilization
8.3.2 Power Generation
8.3.3 Others

9 Thermoelectric Modules Market, By End-Use Application
9.1 Introduction
9.2 Automotive
9.3 Consumer Electronics
9.4 Aerospace & Defense
9.5 Medical & Laboratories
9.6 Telecommunications
9.7 Industrial
9.8 Oil, Gas, & Mining

10 Thermoelectric Modules Market, By Offering
10.1 Introduction
10.2 Hardware
10.3 Software & Services
10.3.1 Design and Engineering
10.3.2 Testing and Compliance

11 Geographic Analysis
11.1 Introduction
11.2 Americas
11.2.1 North America
11.2.1.1 US
11.2.1.2 Canada
11.2.2 Latin America
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 South Korea
11.4.4 Rest of APAC
11.5 RoW
11.5.1 Middle East
11.5.2 Africa

12 Competitive Landscape
12.1 Introduction
12.2 Market Ranking Analysis, 2016
12.3 Competitive Scenario

13 Company Profiles
13.1 Key Players
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments)*
13.1.1 Ferrotec
13.1.2 Laird
13.1.3 II-VI Marlow
13.1.4 TE Technology
13.1.5 TEC Microsystems
13.1.6 Crystal Ltd.
13.1.7 Kryotherm
13.1.8 RMT Ltd
13.1.9 Thermion Company
13.1.10 Thermonamic Electronics
13.1.11 Kelk Ltd.
13.2 Startup Ecosystem
13.2.1 Z-Max
13.2.2 Alphabet Energy
13.2.3 O-Flexx Technologies
13.2.4 Phononic
13.2.5 P&N Technology
13.3 Other Important Players
13.3.1 Everredtronics
13.3.2 Micropelt
13.3.3 Hi-Z Technology
13.3.4 HUI MAO
13.3.5 Hicooltec Electronic
13.3.6 Merit Technology Group
13.3.7 LG Innotek
13.3.8 Align Sourcing
13.3.9 AMS Technologies
13.3.10 Inheco Industrial Heating & Cooling
13.3.11 CUI Inc.
13.3.12 Wellen Technology
13.3.13 Advanced Thermoelectric

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide

List of Tables

Table 1 Global Investment in Thermoelectric Technology in 2012 Snapshot
Table 2 Thermoelectric Modules Market, By Technology, 2014-2023 (USD Million)
Table 3 Thermoelectric Modules Market, By Technology, 2014-2023 (Million Units)
Table 4 Single Stage Thermoelectric Modules Market, By Region, 2014-2023 (USD Million)
Table 5 Multi Stage Thermoelectric Modules Market, By Region, 2014-2023 (USD Million)
Table 6 Bulk Thermoelectric Modules Market, By Region, 2014-2023 (USD Million)
Table 7 Micro Thermoelectric Modules Market, By Region, 2014-2023 (USD Million)
Table 8 Thin Film Thermoelectric Modules Market, By Region, 2014-2023 (USD Million)
Table 9 Thermoelectric Modules Market, By Functionality, 2014-2023 (USD Million)
Table 10 Deep Cooling Thermoelectric Modules Market, By Region 2014-2023 (USD Million)
Table 11 General Purpose Thermoelectric Modules Market, By Region 2014-2023 (USD Million)
Table 12 Thermoelectric Modules Market, By End-Use Application, 2014-2023 (USD Million)
Table 13 Thermoelectric Modules Market for Automotive, By Region, 2014-2023 (USD Million)
Table 14 Thermoelectric Modules Market for Consumer Electronics, By Region, 2014-2023 (USD Million)
Table 15 Thermoelectric Modules Market for Aerospace & Defense, By Region, 2014-2023 (USD Million)
Table 16 Thermoelectric Modules Market for Medical & Laboratories, By Region, 2014-2023 (USD Million)
Table 17 Thermoelectric Modules Market for Telecommunications, By Region, 2014-2023 (USD Million)
Table 18 Thermoelectric Modules Market for Industrial, By Region, 2014-2023 (USD Million)
Table 19 Thermoelectric Modules Market for Oil, Gas, and Mining, By Region, 2014-2023 (USD Million)
Table 20 Thermoelectric Modules Market, By Offering, 2014-2023 (USD Million)
Table 21 Thermoelectric Modules Market for Hardware, By Region, 2014-2023 (USD Million)
Table 22 Thermoelectric Modules Market for Software & Services, By Region, 2014-2023 (USD Million)
Table 23 Thermoelectric Modules Market, By Region, 2014-2023 (USD Million)
Table 24 Thermoelectric Modules Market in Americas, By Technology, 2014-2023 (USD Million)
Table 25 Thermoelectric Modules Market, in Americas, By Type, 2014-2023 (USD Million)
Table 26 Thermoelectric Modules Market in Americas, By Functionality, 2014-2023 (USD Million)
Table 27 Thermoelectric Modules Market in Americas, By End-Use Application, 2014-2023 (USD Million)
Table 28 Thermoelectric Modules Market in Americas, By Offering, 2014-2023 (USD Million)
Table 29 Thermoelectric Modules Market in Americas, By Region, 2014-2023 (USD Million)
Table 30 Thermoelectric Modules Market in North America, By Country, 2014-2023 (USD Million)
Table 31 Thermoelectric Modules Market in North America, By Technology, 2014-2023 (USD Million)
Table 32 Thermoelectric Modules Market in Latin America, By Technology, 2014-2023 (USD Million)
Table 33 Thermoelectric Modules Market in Europe, By Technology, 2014-2023 (USD Million)
Table 34 Thermoelectric Modules Market in Europe, By Type, 2014-2023 (USD Million)
Table 35 Thermoelectric Modules Market in Europe, By Functionality, 2014-2023 (USD Million)
Table 36 Thermoelectric Modules Market in Europe, By End-Use Application, 2014-2023 (USD Million)
Table 37 Thermoelectric Modules Market in Europe, By Offering, 2014-2023 (USD Million)
Table 38 Thermoelectric Modules Market in Europe, By Country, 2014-2023 (USD Million)
Table 39 Thermoelectric Modules Market in Uk, By Technology, 2014-2023 (USD Million)
Table 40 Thermoelectric Modules Market in Germany, By Technology, 2014-2023 (USD Million)
Table 41 Thermoelectric Modules Market in France, By Technology, 2014-2023 (USD Million)
Table 42 Thermoelectric Modules Market in Italy, By Technology, 2014-2023 (USD Million)
Table 43 Thermoelectric Modules Market in Rest of Europe, By Technology, 2014-2023 (USD Million)
Table 44 Thermoelectric Modules Market in APAC, By Technology, 2014-2023 (USD Million)
Table 45 Thermoelectric Modules Market in APAC, By Type, 2014-2023 (USD Million)
Table 46 Thermoelectric Modules Market in APAC, By Functionality, 2014-2023 (USD Million)
Table 47 Thermoelectric Modules Market in APAC, By End-Use Application, 2014-2023 (USD Million)
Table 48 Thermoelectric Modules Market in APAC, By Offering, 2014-2023 (USD Million)
Table 49 Thermoelectric Modules Market in APAC, By Country, 2014-2023 (USD Million)
Table 50 Thermoelectric Modules Market in China, By Technology, 2014-2023 (USD Million)
Table 51 Thermoelectric Modules Market in Japan, By Technology, 2014-2023 (USD Million)
Table 52 Thermoelectric Modules Market in South Korea, By Technology, 2014-2023 (USD Million)
Table 53 Thermoelectric Modules Market in Rest of APAC, By Technology, 2014-2023 (USD Million)
Table 54 Thermoelectric Modules Market in RoW, By Technology, 2014-2023 (USD Million)
Table 55 Thermoelectric Modules Market in RoW, By Type, 2014-2023 (USD Million)
Table 56 Thermoelectric Modules Market in RoW, By Functionality, 2014-2023 (USD Thousand)
Table 57 Thermoelectric Modules Market in RoW, By End-Use Application, 2014-2023 (USD Thousand)
Table 58 Thermoelectric Modules Market in RoW, By Offering, 2014-2023 (USD Million)
Table 59 Thermoelectric Modules Market in RoW, By Region, 2014-2023 (USD Million)
Table 60 Thermoelectric Modules Market in Middle East, By Technology, 2014-2023 (USD Million)
Table 61 Thermoelectric Modules Market in Africa, By Technology, 2014-2023 (USD Million)
Table 62 Ranking of Top 5 Players in Thermoelectric Modules Market, 2016

List of Figures

Figure 1 Thermoelectric Modules Market Segmentation
Figure 2 Thermoelectric Modules Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Single-Stage Technology Held the Largest Market Size During the Forecast Period
Figure 7 Thin Film Thermoelectric Modules Type Expected to Grow at the Highest Rate During Forecast Period 2017-2023
Figure 8 Automotive End-Use Application is Expected Grow at the Highest Rate During Forecast Period
Figure 9 Deep Cooling Modules Expected to Hold the Largest Market Share During the Forecast Period
Figure 10 Software and Services to Be the Fastest-Growing Segment in the Tehrmoelectric Modules Market During the Forecast Period
Figure 11 APAC is Expected to Hold Largest Share of Thermoelectric Modules Market in 2017
Figure 12 Rising Need of Vehicle Fuel Efficient Solution in the Automotive Applications Drive the Growth of Thermoelectric Modules Market During the Forecast Period
Figure 13 Hardware Offering Holds the Larger Share of the Thermoelectric Modules Market in 2017
Figure 14 China Holds the Largest Share of the Thermoelectric Modules Market in APAC in 2017
Figure 15 China Held Largest Share of Thermoelectric Modules Market in 2016
Figure 16 Thermoelectric Modules Market: Value Chain Analysis
Figure 17 Multi Stage Technology to Grow at Faster Rate During Forecast Period
Figure 18 Thin Film Thermoelectric Modules Expected to Grow at Highest CAGR During Forecast Period
Figure 19 Deep Cooling Modules to Grow at Higher CAGR During Forecast Period
Figure 20 Telecommunications Expected to Hold Largest Share During Forecast Period
Figure 21 Software & Services to Be Fastest-Growing Offering in Thermoelectric Modules Market During Forecast Period
Figure 22 Geographic Snapshot: Thermoelectric Modules Market in Americas Expected to Grow at Highest CAGR Between 2017 and 2023
Figure 23 Americas: Thermoelectric Modules Market Snapshot
Figure 24 US Expected to Hold Larger Share of Thermoelectric Modules Market in North America During Forecast Period
Figure 25 Europe: Thermoelectric Modules Market Snapshot
Figure 26 Automotive Expected to Grow at Highest CAGR in Thermoelectric Modules Market in Europe During Forecast Period
Figure 27 APAC: Thermoelectric Modules Market Snapshot
Figure 28 China Expected to Hold Largest Share of Thermoelectric Modules Market in APAC During Forecast Period
Figure 29 Key Developments in Thermoelectric Modules Market Between 2014-2016
Figure 30 Market Evaluation Framework: Product Launches Fueled Growth and Innovation Between 2014 and 2016
Figure 31 Ferrotec: Company Snapshot
Figure 32 Laird: Company Snapshot
Figure 33 II-VI Marlow: Company Snapshot

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
5 of 6
  • AMS Technologies
  • Advanced Thermoelectric
  • Align Sourcing
  • Alphabet Energy
  • CUI Inc.
  • Crystal Ltd.
  • Everredtronics
  • Ferrotec
  • HUI MAO
  • Hi-Z Technology
  • Hicooltec Electronic
  • II-VI Marlow
  • Inheco Industrial Heating & Cooling
  • Kelk Ltd.
  • Kryotherm
  • LG Innotek
  • Laird
  • Merit Technology Group
  • Micropelt
  • O-Flexx Technologies
  • P&N Technology
  • Phononic
  • RMT Ltd
  • TE Technology
  • TEC Microsystems
  • Thermion Company
  • Thermonamic Electronics
  • Wellen Technology
  • Z-Max
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll