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Global Thermoelectric Modules Market (2021-2026) by Model, Type, Functionality, End-Use Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 182 Pages
  • December 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5515406
The Global Thermoelectric Modules Market is estimated to be USD 682.5 Mn in 2021 and is expected to reach USD 1071.97 Mn by 2026, growing at a CAGR of 9.45%

Market Dynamics

A thermoelectric (TE) module, also known as a thermoelectric cooler or Peltier cooler, is a semiconductor-based electrical component that acts as a tiny heat pump, transferring heat from one side of the device to the other. It can also create power by utilizing a temperature difference between the two sides of the module.

Thermoelectric modules provide temperature cooling in various applications such as automotive, consumer electronics, bio-monitoring, healthcare-related equipment, telecommunications, and military, among others. It is one of the key reasons driving the global growth of the thermoelectric module market. Furthermore, thermoelectric modules have reduced power consumption, faster reaction time, control, and cycling, which results in an increased rate of acceptance of this module in various sectors, which is likely to drive the market's growth. On the other hand, the modules' high cost and lesser efficiency compared to traditional refrigeration and cooling systems are expected to limit the market's growth throughout the projected period. Furthermore, developing improvements in thermoelectric modules to boost efficiency and reduce cost is expected to provide many possibilities in the upcoming years.

The high cost and low efficiency of thermoelectric modules, on the other hand, are issues restricting the market's growth.

Market Segmentation

The Global Thermoelectric Modules Market is segmented further based on Model, Type, Functionality, End-Use Application, and Geography.

By Model, the market is classified into Single Stage and Multi-Stage.

By Type, the market is classified into Bulk Thermoelectric Modules, Micro Thermoelectric Modules, and Thin-Film Thermoelectric Modules.

By Functionality, the market is classified into General Purpose and Deep Cooling.

By End-Use, the market is classified into Consumer Electronics, Industrial, Telecommunications, Automotive, Medical & Laboratories, Aerospace & Defense, Oil & Gas, and Mining.

By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Ferrotec Acquires MeiVac, Inc-2nd Jul 2020
2. Hitachi High-Technologies Acquires All Shares of Applied Physics Technologies, Inc., a U.S. Manufacturer of Electron Sources-16th Jan 2019

Company Profiles

Some of the companies covered in this report are Align Sourcing, Crystal Thermotech, EVERREDtronics, Hi-Z Technology, II-VI Incorporated, KELK Ltd, Kryotherm, Phononic, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Thermoelectric Modules Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Thermoelectric Modules Market

What is the estimated value of the Global Thermoelectric Modules Market?

The Global Thermoelectric Modules Market was estimated to be valued at $682.5 Million in 2021.

What is the growth rate of the Global Thermoelectric Modules Market?

The growth rate of the Global Thermoelectric Modules Market is 9.5%, with an estimated value of $1071.97 Million by 2026.

What is the forecasted size of the Global Thermoelectric Modules Market?

The Global Thermoelectric Modules Market is estimated to be worth $1071.97 Million by 2026.

Who are the key companies in the Global Thermoelectric Modules Market?

Key companies in the Global Thermoelectric Modules Market include Align Sourcing, Beijing Huimao Cooling Equipment, Crystal Thermotech, EVERREDtronics, Ferrotec Holdings, Guangdong Fuxin Electronic Technology, HiTech Technologies, Hi and II.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Advantages of TEMs Over Traditional Systems
4.1.2 Increasing Demand for TEMs' Simultaneous Heating and Cooling Characteristics
4.1.3 The Rise of Electric and Premium Automobiles Creating Demand
4.2 Restraints
4.2.1 Inherent Drawbacks and Design Complexities
4.2.2 High Expenditures Compared to Typical Heating/Cooling Systems
4.3 Opportunities
4.3.1 TEM Development for New Application Areas
4.3.2 Thermoelectric Coolers for Vaccine Storage and Transportation
4.4 Challenges
4.4.1 TEM Dependability and Strength
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Thermoelectric Modules Market, By Model
6.1 Introduction
6.2 Single Stage
6.3 Multi-Stage
7 Global Thermoelectric Modules Market, By Type
7.1 Introduction
7.2 Bulk Thermoelectric Modules
7.3 Micro Thermoelectric Modules
7.4 Thin-Film Thermoelectric Modules
8 Global Thermoelectric Modules Market, By Functionality
8.1 Introduction
8.2 General Purpose
8.3 Deep Cooling
9 Global Thermoelectric Modules Market, By End-Use Application
9.1 Introduction
9.2 Consumer Electronics
9.3 Industrial
9.4 Telecommunications
9.5 Automotive
9.6 Medical & Laboratories
9.7 Aerospace & Defense
9.8 Oil & Gas and Mining
10 Global Thermoelectric Modules Market, By Geography
10.1 Introduction
10.2 America
10.2.1 Argentina
10.2.2 Brazil
10.2.3 Canada
10.2.4 Chile
10.2.5 Colombia
10.2.6 Mexico
10.2.7 Peru
10.2.8 United States
10.2.9 Rest of Americas
10.3 Europe
10.3.1 Austria
10.3.2 Belgium
10.3.3 Denmark
10.3.4 Finland
10.3.5 France
10.3.6 Germany
10.3.7 Italy
10.3.8 Netherlands
10.3.9 Norway
10.3.10 Poland
10.3.11 Russia
10.3.12 Spain
10.3.13 Sweden
10.3.14 Switzerland
10.3.15 United Kingdom
10.3.16 Rest of Europe
10.4 Middle East and Africa
10.4.1 Egypt
10.4.2 Israel
10.4.3 Qatar
10.4.4 Saudi Arabia
10.4.5 South Africa
10.4.6 United Arab Emirates
10.4.7 Rest of MEA
10.5 Asia-Pacific
10.5.1 Australia
10.5.2 Bangladesh
10.5.3 China
10.5.4 India
10.5.5 Indonesia
10.5.6 Japan
10.5.7 Malaysia
10.5.8 Philippines
10.5.9 Singapore
10.5.10 South Korea
10.5.11 Sri Lanka
10.5.12 Thailand
10.5.13 Taiwan
10.5.14 Rest of Asia-Pacific
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 Align Sourcing
12.2 Beijing Huimao Cooling Equipment
12.3 Crystal Thermotech
12.4 EVERREDtronics
12.5 Ferrotec Holdings
12.6 Guangdong Fuxin Electronic Technology
12.7 HiTech Technologies
12.8 Hi-Z Technology
12.9 II-VI Incorporated
12.10 INHECO Industrial Heating & Cooling
12.11 KELK
12.12 KJLP (Shenzhen) Electronics
12.13 Kryotherm
12.14 Kyocera
12.15 Laird Thermal Systems
12.16 Merit Technology
12.17 P&N Technology
12.18 Phononic, Inc
12.19 TE Technology Inc
12.20 TEC Microsystems
12.21 Thermoin Company
12.22 Thermonamic Electronics
12.23 Wellen Technology
12.24 Xiamen Hicool Electronics
12.25 Z-MAX Thermoelectric Coolers & Peltier Devices
13 Appendix
13.1 Questionnaire

Companies Mentioned

  • Align Sourcing
  • Beijing Huimao Cooling Equipment
  • Crystal Thermotech
  • EVERREDtronics
  • Ferrotec Holdings
  • Guangdong Fuxin Electronic Technology
  • HiTech Technologies
  • Hi-Z Technology
  • II-VI Incorporated
  • INHECO Industrial Heating & Cooling
  • KELK
  • KJLP (Shenzhen) Electronics
  • Kryotherm
  • Kyocera
  • Laird Thermal Systems
  • Merit Technology
  • P&N Technology
  • Phononic, Inc
  • TE Technology Inc
  • TEC Microsystems
  • Thermoin Company
  • Thermonamic Electronics
  • Wellen Technology
  • Xiamen Hicool Electronics
  • Z-MAX Thermoelectric Coolers & Peltier Devices