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Thermoelectric Modules Market By Model, By Type, By End-Use Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 227 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751194
The global thermoelectric modules market was valued at $615.2 million in 2021, and is projected to reach $1,334.0 million by 2031, registering a CAGR of 8.34% from 2022 to 2031.

A thermoelectric module is a heat pump that uses a heat exchanger to remove heat. Thermoelectric modules work on the principle of the Peltier effect and can use low-voltage direct current to transfer heat from one end to the other. As a result, this product is seeing increased demand in multiple end-use industries. Thermoelectric modules have many advantages such as scalability, compactness, environmental friendliness, and reliability. Important applications of thermoelectric modules include power generation, temperature stabilization, and heat pumps. The thermoelectric module market is segmented into model, type, end-use application, and region. On the basis of model, the market is divided into single stage and multi stage. On the basis of type, it is divided into bulk thermoelectric modules, micro thermoelectric modules, and thin-film thermoelectric modules. On the basis of end-use application, the market is divided into aerospace & defense, automotive, consumer electronics, healthcare, food & beverage, energy & utility, and others.

Region-wise, the thermoelectric module market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S., remains a significant participant in the global thermoelectric module. Major organizations and government institutions in the country are intensely putting resources into technology.

Rising consumer demand for various electrical appliances is the major growth driver of the global thermoelectric modules market. For instance, thermoelectric cooler modules are being utilized in different types of electronic devices including mini-refrigerators, air conditioners, and wine cabinets. The main function of these modules is to offer temperature and cooling control in diverse applications. These modules are gaining impetus owing to their different advantages such as small size, light weight, and presence of no moving parts. Moreover, the ability to simultaneously heat and cool thermoelectric modules is expected to help drive demand and create revenue-generating opportunities for key players across the market. Major organizations and government institutions in the country are intensely putting resources into technology. Key players operating in the market include II-VI Incorporated, Laird Thermal Systems, TE Technology Inc., TEC Microsystem GmbH, Kryotherm, Ferrotec Corporation, Crystal Ltd., KELK Ltd., Phononic Devices, and Guangdong Fuxin Technology.

Key Market Segments

By Model

  • Single Stage
  • Multi Stage

By Type

  • Bulk Thermoelectric Modules
  • Micro Thermoelectric Modules
  • Thin-Film Thermoelectric Modules
By End-Use Application
  • Aerospace and Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Food and Beverage
  • Energy and Utility

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • TEC Microsystem GmbH
  • Phononic Devices
  • Ferrotec Corporation
  • Laird Thermal Systems
  • KELK Ltd.
  • Crystal Ltd.
  • Guangdong Fuxin Technology
  • kryotherm
  • II-VI Incorporated
  • TE Technology Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1. Thermoelectric modules simultaneous heating and cooling capabilities are generating demand for a variety of applications.
3.4.1.2. Increase in Demand for Precise Temperature Control of Medical Devices, Imaging, and Diagnostic Systems.
3.4.1.3. Surge in demand for luxury vehicles could trigger thermoelectric module market growth.
3.4.2.Restraints
3.4.2.1. Higher cost than traditional heating and cooling systems
3.4.3.Opportunities
3.4.3.1. The creation of thermoelectric modules for new application areas
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: THERMOELECTRIC MODULES MARKET, BY MODEL
4.1 Overview
4.1.1 Market size and forecast
4.2. Single Stage
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Multi Stage
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: THERMOELECTRIC MODULES MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2. Bulk Thermoelectric Modules
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Micro Thermoelectric Modules
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Thin-Film Thermoelectric Modules
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country

CHAPTER 6: THERMOELECTRIC MODULES MARKET, BY END-USE APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2. Aerospace and Defense
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Automotive
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Consumer Electronics
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5. Healthcare
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country
6.6. Food and Beverage
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market share analysis by country
6.7. Energy and Utility
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market share analysis by country
6.8. Others
6.8.1 Key market trends, growth factors and opportunities
6.8.2 Market size and forecast, by region
6.8.3 Market share analysis by country

CHAPTER 7: THERMOELECTRIC MODULES MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Model
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by End-Use Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Model
7.2.5.1.3 Market size and forecast, by Type
7.2.5.1.4 Market size and forecast, by End-Use Application
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Model
7.2.5.2.3 Market size and forecast, by Type
7.2.5.2.4 Market size and forecast, by End-Use Application
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Model
7.2.5.3.3 Market size and forecast, by Type
7.2.5.3.4 Market size and forecast, by End-Use Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Model
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by End-Use Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Model
7.3.5.1.3 Market size and forecast, by Type
7.3.5.1.4 Market size and forecast, by End-Use Application
7.3.5.2 Germany
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Model
7.3.5.2.3 Market size and forecast, by Type
7.3.5.2.4 Market size and forecast, by End-Use Application
7.3.5.3 France
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Model
7.3.5.3.3 Market size and forecast, by Type
7.3.5.3.4 Market size and forecast, by End-Use Application
7.3.5.4 Rest of Europe
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Model
7.3.5.4.3 Market size and forecast, by Type
7.3.5.4.4 Market size and forecast, by End-Use Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Model
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by End-Use Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Model
7.4.5.1.3 Market size and forecast, by Type
7.4.5.1.4 Market size and forecast, by End-Use Application
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Model
7.4.5.2.3 Market size and forecast, by Type
7.4.5.2.4 Market size and forecast, by End-Use Application
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Model
7.4.5.3.3 Market size and forecast, by Type
7.4.5.3.4 Market size and forecast, by End-Use Application
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Model
7.4.5.4.3 Market size and forecast, by Type
7.4.5.4.4 Market size and forecast, by End-Use Application
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Model
7.4.5.5.3 Market size and forecast, by Type
7.4.5.5.4 Market size and forecast, by End-Use Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Model
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by End-Use Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Model
7.5.5.1.3 Market size and forecast, by Type
7.5.5.1.4 Market size and forecast, by End-Use Application
7.5.5.2 Middle East
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Model
7.5.5.2.3 Market size and forecast, by Type
7.5.5.2.4 Market size and forecast, by End-Use Application
7.5.5.3 Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Model
7.5.5.3.3 Market size and forecast, by Type
7.5.5.3.4 Market size and forecast, by End-Use Application

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1 TEC Microsystem GmbH
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Phononic Devices
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Ferrotec Corporation
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 Laird Thermal Systems
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 KELK Ltd.
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Crystal Ltd.
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Guangdong Fuxin Technology
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 kryotherm
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 II-VI Incorporated
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 TE Technology Inc.
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 2. Thermoelectric Modules Market for Single Stage, by Region, 2021-2031 (Revenue, $Million)
Table 3. Thermoelectric Modules Market for Multi Stage, by Region, 2021-2031 (Revenue, $Million)
Table 4. Global Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 5. Thermoelectric Modules Market for Bulk Thermoelectric Modules, by Region, 2021-2031 (Revenue, $Million)
Table 6. Thermoelectric Modules Market for Micro Thermoelectric Modules, by Region, 2021-2031 (Revenue, $Million)
Table 7. Thermoelectric Modules Market for Thin-Film Thermoelectric Modules, by Region, 2021-2031 (Revenue, $Million)
Table 8. Global Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 9. Thermoelectric Modules Market for Aerospace and Defense, by Region, 2021-2031 (Revenue, $Million)
Table 10. Thermoelectric Modules Market for Automotive, by Region, 2021-2031 (Revenue, $Million)
Table 11. Thermoelectric Modules Market for Consumer Electronics, by Region, 2021-2031 (Revenue, $Million)
Table 12. Thermoelectric Modules Market for Healthcare, by Region, 2021-2031 (Revenue, $Million)
Table 13. Thermoelectric Modules Market for Food and Beverage, by Region, 2021-2031 (Revenue, $Million)
Table 14. Thermoelectric Modules Market for Energy and Utility, by Region, 2021-2031 (Revenue, $Million)
Table 15. Thermoelectric Modules Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 16. Thermoelectric Modules Market, by Region, 2021-2031 (Revenue, $Million)
Table 17. North America Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 18. North America Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 19. North America Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 20. North America Thermoelectric Modules Market, by Country, 2021-2031 (Revenue, $Million)
Table 21. U.S. Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 22. U.S. Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 23. U.S. Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 24. Canada Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 25. Canada Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 26. Canada Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 27. Mexico Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 28. Mexico Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 29. Mexico Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 30. Europe Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 31. Europe Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 32. Europe Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 33. Europe Thermoelectric Modules Market, by Country, 2021-2031 (Revenue, $Million)
Table 34. UK Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 35. UK Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 36. UK Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 37. Germany Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 38. Germany Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 39. Germany Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 40. France Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 41. France Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 42. France Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 43. Rest of Europe Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 44. Rest of Europe Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 46. Asia-Pacific Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 47. Asia-Pacific Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Thermoelectric Modules Market, by Country, 2021-2031 (Revenue, $Million)
Table 50. China Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 51. China Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 52. China Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 53. Japan Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 54. Japan Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 55. Japan Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 56. India Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 57. India Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 58. India Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 59. South Korea Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 60. South Korea Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 61. South Korea Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 62. Rest of Asia-Pacific Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 63. Rest of Asia-Pacific Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 64. Rest of Asia-Pacific Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 65. LAMEA Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 66. LAMEA Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 67. LAMEA Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 68. LAMEA Thermoelectric Modules Market, by Country, 2021-2031 (Revenue, $Million)
Table 69. Latin America Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 70. Latin America Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 71. Latin America Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 72. Middle East Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 73. Middle East Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 74. Middle East Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 75. Africa Thermoelectric Modules Market, by Model, 2021-2031 (Revenue, $Million)
Table 76. Africa Thermoelectric Modules Market, by Type, 2021-2031 (Revenue, $Million)
Table 77. Africa Thermoelectric Modules Market, by End-use Application, 2021-2031 (Revenue, $Million)
Table 78. Tec Microsystem GmbH: Key Executives
Table 79. Tec Microsystem GmbH: Company Snapshot
Table 80. Tec Microsystem GmbH: Operating Segments
Table 81. Tec Microsystem GmbH: Product Portfolio
Table 82. Tec Microsystem GmbH: Net Sales
Table 83. Tec Microsystem GmbH: Key Strategies
Table 84. Phononic Devices: Key Executives
Table 85. Phononic Devices: Company Snapshot
Table 86. Phononic Devices: Operating Segments
Table 87. Phononic Devices: Product Portfolio
Table 88. Phononic Devices: Net Sales
Table 89. Phononic Devices: Key Strategies
Table 90. Ferrotec Corporation: Key Executives
Table 91. Ferrotec Corporation: Company Snapshot
Table 92. Ferrotec Corporation: Operating Segments
Table 93. Ferrotec Corporation: Product Portfolio
Table 94. Ferrotec Corporation: Net Sales
Table 95. Ferrotec Corporation: Key Strategies
Table 96. Laird Thermal Systems: Key Executives
Table 97. Laird Thermal Systems: Company Snapshot
Table 98. Laird Thermal Systems: Operating Segments
Table 99. Laird Thermal Systems: Product Portfolio
Table 100. Laird Thermal Systems: Net Sales
Table 101. Laird Thermal Systems: Key Strategies
Table 102. Kelk Ltd.: Key Executives
Table 103. Kelk Ltd.: Company Snapshot
Table 104. Kelk Ltd.: Operating Segments
Table 105. Kelk Ltd.: Product Portfolio
Table 106. Kelk Ltd.: Net Sales
Table 107. Kelk Ltd.: Key Strategies
Table 108. Crystal Ltd.: Key Executives
Table 109. Crystal Ltd.: Company Snapshot
Table 110. Crystal Ltd.: Operating Segments
Table 111. Crystal Ltd.: Product Portfolio
Table 112. Crystal Ltd.: Net Sales
Table 113. Crystal Ltd.: Key Strategies
Table 114. Guangdong Fuxin Technology: Key Executives
Table 115. Guangdong Fuxin Technology: Company Snapshot
Table 116. Guangdong Fuxin Technology: Operating Segments
Table 117. Guangdong Fuxin Technology: Product Portfolio
Table 118. Guangdong Fuxin Technology: Net Sales
Table 119. Guangdong Fuxin Technology: Key Strategies
Table 120. Kryotherm: Key Executives
Table 121. Kryotherm: Company Snapshot
Table 122. Kryotherm: Operating Segments
Table 123. Kryotherm: Product Portfolio
Table 124. Kryotherm: Net Sales
Table 125. Kryotherm: Key Strategies
Table 126. II-VI Incorporated: Key Executives
Table 127. II-VI Incorporated: Company Snapshot
Table 128. II-VI Incorporated: Operating Segments
Table 129. II-VI Incorporated: Product Portfolio
Table 130. II-VI Incorporated: Net Sales
Table 131. II-VI Incorporated: Key Strategies
Table 132. Te Technology Inc.: Key Executives
Table 133. Te Technology Inc.: Company Snapshot
Table 134. Te Technology Inc.: Operating Segments
Table 135. Te Technology Inc.: Product Portfolio
Table 136. Te Technology Inc.: Net Sales
Table 137. Te Technology Inc.: Key Strategies

List of Figures
Figure 1. Segmentation of Thermoelectric Modules Market,2021-2031
Figure 2. Thermoelectric Modules Market,2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Thermoelectric Modules Market:Drivers, Restraints and Opportunities
Figure 10. Thermoelectric Modules Market,By Model,2021(%)
Figure 11. Comparative Share Analysis of Single Stage Thermoelectric Modules Market, 2021 and 2031(%)
Figure 12. Comparative Share Analysis of Multi Stage Thermoelectric Modules Market, 2021 and 2031(%)
Figure 13. Thermoelectric Modules Market,By Type,2021(%)
Figure 14. Comparative Share Analysis of Bulk Thermoelectric Modules Thermoelectric Modules Market, 2021 and 2031(%)
Figure 15. Comparative Share Analysis of Micro Thermoelectric Modules Thermoelectric Modules Market, 2021 and 2031(%)
Figure 16. Comparative Share Analysis of Thin-Film Thermoelectric Modules Thermoelectric Modules Market, 2021 and 2031(%)
Figure 17. Thermoelectric Modules Market,By End-use Application,2021(%)
Figure 18. Comparative Share Analysis of Aerospace and Defense Thermoelectric Modules Market, 2021 and 2031(%)
Figure 19. Comparative Share Analysis of Automotive Thermoelectric Modules Market, 2021 and 2031(%)
Figure 20. Comparative Share Analysis of Consumer Electronics Thermoelectric Modules Market, 2021 and 2031(%)
Figure 21. Comparative Share Analysis of Healthcare Thermoelectric Modules Market, 2021 and 2031(%)
Figure 22. Comparative Share Analysis of Food and Beverage Thermoelectric Modules Market, 2021 and 2031(%)
Figure 23. Comparative Share Analysis of Energy and Utility Thermoelectric Modules Market, 2021 and 2031(%)
Figure 24. Comparative Share Analysis of Others Thermoelectric Modules Market, 2021 and 2031(%)
Figure 25. Thermoelectric Modules Market by Region,2021
Figure 26. U.S. Thermoelectric Modules Market,2021-2031($Million)
Figure 27. Canada Thermoelectric Modules Market,2021-2031($Million)
Figure 28. Mexico Thermoelectric Modules Market,2021-2031($Million)
Figure 29. UK Thermoelectric Modules Market,2021-2031($Million)
Figure 30. Germany Thermoelectric Modules Market,2021-2031($Million)
Figure 31. France Thermoelectric Modules Market,2021-2031($Million)
Figure 32. Rest of Europe Thermoelectric Modules Market,2021-2031($Million)
Figure 33. China Thermoelectric Modules Market,2021-2031($Million)
Figure 34. Japan Thermoelectric Modules Market,2021-2031($Million)
Figure 35. India Thermoelectric Modules Market,2021-2031($Million)
Figure 36. South Korea Thermoelectric Modules Market,2021-2031($Million)
Figure 37. Rest of Asia-Pacific Thermoelectric Modules Market,2021-2031($Million)
Figure 38. Latin America Thermoelectric Modules Market,2021-2031($Million)
Figure 39. Middle East Thermoelectric Modules Market,2021-2031($Million)
Figure 40. Africa Thermoelectric Modules Market,2021-2031($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap of Top 10 Key Players
Figure 47. Top Player Positioning, 2021
Figure 48. Tec Microsystem GmbH.: Net Sales ($Million)
Figure 49. Phononic Devices.: Net Sales ($Million)
Figure 50. Ferrotec Corporation.: Net Sales ($Million)
Figure 51. Laird Thermal Systems.: Net Sales ($Million)
Figure 52. Kelk Ltd..: Net Sales ($Million)
Figure 53. Crystal Ltd..: Net Sales ($Million)
Figure 54. Guangdong Fuxin Technology.: Net Sales ($Million)
Figure 55. Kryotherm.: Net Sales ($Million)
Figure 56. II-VI Incorporated.: Net Sales ($Million)
Figure 57. Te Technology Inc..: Net Sales ($Million)

Executive Summary

According to the report titled, 'Thermoelectric Modules Market,' the thermoelectric modules market was valued at $615.20 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

A Peltier module (thermoelectric module) is a thermal management module that has both ''heating'and ''cooling'effects. By applying current to the module, the surface temperature can be changed and maintained at the target temperature.

Key factors propelling the growth of the automotive data cables market include the ability of the vehicles to increase their overall efficiency. Demand is expected to be driven by the benefits of the good over conventional frameworks, such as simultaneous cooling and heating of modules to meet the requirements of various applications, the growth of the market for electric vehicles, and the government's focus on using environmentally friendly power sources along with service providers and business owners.

Development in the application field of buyer hardware is likely to accelerate the interest in the commodity worldwide. Due to the growing environmental concern identified with filtered water, single-use dispensers have emerged as a commercial aid, as well as private installations. For example, In March 2019, TEC Microsystems GmbH launched a new method to modify and optimize thermoelectric coolers, a concept called headless, so that the thermoelectric current is directed directly to the circuit.

The thermoelectric module market is segmented on the basis of the model, type, end-use application, and region. On the basis of the model, the market is divided into single stage and multi stage. On the basis of type, it is divided into bulk thermoelectric modules, micro thermoelectric modules, and Thin-film thermoelectric modules. On the basis of end-use application, the market is divided into aerospace & defense, automotive, consumer electronics, healthcare, food & beverage, energy & utility, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include II-VI Incorporated, Laird Thermal Systems, TE Technology Inc., TEC Microsystem GmbH, Kryotherm, Ferrotec Corporation, Crystal Ltd., KELK Ltd., Phononic Devices, and Guangdong Fuxin Technology. The players in the market have been actively engaged in the adoption of various Strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market.

Key Market Insights

By model, the single stage segment was the highest revenue contributor to the market and is expected to follow the same trend during the forecast period.

The bulk thermoelectric modules segment accounted for around 52.3% of the thermoelectric modules market trends in 2021.

By end-user application, the consumer electronics segment was the largest segment and the other segment is the fastest-growing segment during the forecast period.

Based on region, the Asia-Pacific thermoelectric modules market was valued at $304.5 million in 2021, and is projected to reach $714.6 million by 2031, registering a CAGR of 9.19%.

Companies Mentioned

  • TEC Microsystem GmbH
  • Phononic Devices
  • Ferrotec Corporation
  • Laird Thermal Systems
  • KELK Ltd.
  • Crystal Ltd.
  • Guangdong Fuxin Technology
  • kryotherm
  • II-VI Incorporated
  • TE Technology Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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