Thermoelectric Generators - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Thermoelectric Generators Market is accounted for $424.93 million in 2018 and is expected to reach $1,026.82 million by 2027 growing at a CAGR of 10.3% during the forecast period. Extending necessity for energy converters of solid-state type, expanded reception of thermoelectric generators in the oil & energy sector, and development of sustainable power source in power sector are the key factors driving the market growth. Moreover, rising need for low-power generators in sensor networks is providing opportunities for the market growth. However, the complexity in the design of thermoelectric generators may restrain the market growth.
Thermoelectric generators are devices that convert temperature differences into electrical energy. Two basic physical phenomena involved in this process include the Seebeck effect and the Peltier effect. The Seebeck effect defines the conversion of temperature difference into electric current at the interface of two different materials, whereas the Peltier effect is the vice-versa of the Seebeck effect. Thermoelectric materials generate power directly from heat by converting temperature differences into electric voltage. These materials must have both high electrical conductivity and low thermal conductivity to be suitable for the thermoelectric conversion process.
By End User, Industrial segment is likely to have a huge demand as it results in improving the efficiency of the industries, stringent norms for environmental conservation, and added benefits of carbon credits to many countries. By geography, North America is going to have a lucrative growth during the forecast period owing to the expanded cutting edge utilization of TEG technology for powering various equipment and devices in various industries.
Some of the key players profiled in the Thermoelectric Generators Market include Yamaha Corporation, Ferrotec Corporation, Laird PLC, Everredtronics Ltd, Komatsu Ltd, Novus Energy Technologies Inc, II-VI Incorporated, Gentherm Inc, Otego GmbH, Hi-Z Technology, P&N Technology Co Ltd, Kelk Ltd, Kryotherm, Rmt Ltd, and Tecteg.
• High Power (> 1kW)
• Medium Power (10-1kW)
• Low Power (<10 W)
• Thermoelectric Module
• Electric Load
• Heat Source
• Cold Side
• High Temperature (> 500°C)
• Medium Temperature (80°- 500°C)
• Low Temperature (<80°C)
• Multi Directional
• Bi Directional
• Single Directional
• Bismuth Telluride
• Lead Telluride
• Silicon Germanium
• Calcium Manganese Oxide
• Other Materials
• Single Stage
• Multi Stage
• Energy Harvesting
• Waste Heat Recovery
• Direct Power Generation
End Users Covered:
• Oil & Gas
• Telecommunication Systems
• Navigational Aids
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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