Global Thermoelectric Module Market Analysis 2020-2028
Thermoelectric module, also referred as Peltier Cooler or Thermoelectric Cooler, is a semiconductor-based electric component which transfer heat from one device to another and acts as a small heat pump. These modules are also used for generating electricity utilizing a temperature differential between the two sides of module. The global thermoelectric module market is anticipated to achieve a CAGR of 8.41% across the globe over the forecast period 2020-2028. Factors such as the increasing launch of new eco-friendly products which is also raising the adoption rate of thermoelectric modules globally, coupled with by the innovative technological advancements and developments in the thermoelectric modules are anticipated to promote the growth of the global thermoelectric module market. Additionally, factors such as the growing semiconductor and electronics industry, which is also contributing to the greater application of various precise and compact units with relatively large amount of power and enhanced performance in electronic products and the increasing need for heating and cooling processes across various end users are anticipated to drive the growth of the global thermoelectric module market.
The global thermoelectric module market consists of various segments that are segmented by type, model, functionality, end-user and by region. The market is segmented by model into single stage and multi stage. Out of these, the single stage segment held the largest market share of around 63% in the year 2019, and is further expected to gain a market value of around USD 820 million by the end of 2028 by registering a CAGR of around 8% during the forecast period.
Based on region, the global thermoelectric module market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America registered a market share of around 20% in the year 2019. Additionally, the market in the region is anticipated to achieve a CAGR of around 8% during the forecast period. Further, the market in the region is also expected to cross a value of around USD 253 million by the end of 2028.
Some of the affluent industry leaders in the global thermoelectric module market are Kryotherm, Crystal Ltd., Komatsu Ltd., Ferrotec (USA) Corporation, Guangdong Fuxin Technology Co., Ltd., KYOCERA Corporation, Laird Thermal Systems, RMT Ltd., TE Technology, Inc. and TEC Microsystems GmbH.
Thermoelectric module, also referred as Peltier Cooler or Thermoelectric Cooler, is a semiconductor-based electric component which transfer heat from one device to another and acts as a small heat pump. These modules are also used for generating electricity utilizing a temperature differential between the two sides of module. The global thermoelectric module market is anticipated to achieve a CAGR of 8.41% across the globe over the forecast period 2020-2028. Factors such as the increasing launch of new eco-friendly products which is also raising the adoption rate of thermoelectric modules globally, coupled with by the innovative technological advancements and developments in the thermoelectric modules are anticipated to promote the growth of the global thermoelectric module market. Additionally, factors such as the growing semiconductor and electronics industry, which is also contributing to the greater application of various precise and compact units with relatively large amount of power and enhanced performance in electronic products and the increasing need for heating and cooling processes across various end users are anticipated to drive the growth of the global thermoelectric module market.
The global thermoelectric module market consists of various segments that are segmented by type, model, functionality, end-user and by region. The market is segmented by model into single stage and multi stage. Out of these, the single stage segment held the largest market share of around 63% in the year 2019, and is further expected to gain a market value of around USD 820 million by the end of 2028 by registering a CAGR of around 8% during the forecast period.
Based on region, the global thermoelectric module market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America registered a market share of around 20% in the year 2019. Additionally, the market in the region is anticipated to achieve a CAGR of around 8% during the forecast period. Further, the market in the region is also expected to cross a value of around USD 253 million by the end of 2028.
Some of the affluent industry leaders in the global thermoelectric module market are Kryotherm, Crystal Ltd., Komatsu Ltd., Ferrotec (USA) Corporation, Guangdong Fuxin Technology Co., Ltd., KYOCERA Corporation, Laird Thermal Systems, RMT Ltd., TE Technology, Inc. and TEC Microsystems GmbH.
Table of Contents
Global Thermoelectric Module Market3. Executive Summary- Global Thermoelectric Module Market5. Impact analysis of COVID-19 on the Global Market6. Regulatory and Standards Landscape7. Analysis of Segment-based Opportunities8. Analysis of Major Application of Thermoelectric Modules
1. Introduction
2. Research Methodology
4. Market Dynamics
9. Global Thermoelectric Module Market Outlook
10. North America Thermoelectric Module Market Outlook
11. Europe Thermoelectric Module Market Outlook
12. Asia Pacific Thermoelectric Module Market Outlook
13. Latin America Thermoelectric Module Market Outlook
14. Middle East & Africa Thermoelectric Module Market Outlook
15. Competitive Landscape
Companies Mentioned
- Kryotherm
- Crystal Ltd.
- Komatsu Ltd.
- Ferrotec (USA) Corporation
- Guangdong Fuxin Technology Co. Ltd.
- KYOCERA Corporation
- Laird Thermal Systems
- RMT Ltd.
- TE Technology Inc.
- TEC Microsystems GmbH
