Thermoelectric Generators Market 2018-2025 | Top Key Player Insights Gentherm, II-VI Marlow, Ferrotec Holdings Corporation, Yamaha Corp…

9th October 2018 – Thermoelectric generators are solid-state devices that convert heat into electricity. Apart from traditional dynamic heat engines, thermoelectric generators comprise moving parts and are totally silent. Such generators have been used reliably for over year free of maintenance.

In comparison with large and traditional heat engines, thermoelectric generators possess lower efficiency. For small applications thermoelectric can become compact, simple, and scalable. Thermoelectric systems can be easily built to operate with small heat sources and minimal differences in temperatures. Such small generators can be produced enormously for use in automotive waste heat recovery.

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Commercially, thermoelectric generators are suitable for small scale applications and an appropriate substitute for traditional dynamic thermal to electric generators. Further, these generators function in producing heat from waste. Being portable in power such generators use conventional batteries and the energy density is multiple in conversions. Another advantage of having a thermoelectric generator is, it can be used to harvest very small amounts of heat for low power applications such as wireless sensor networks, mobile devices and medical applications. For instance, thermoelectric energy can be harvested in wristwatch which uses thin bulk thermoelectric devices. The watch is then driven by heat generated by the body which is converted into electric power. From the manufacturing point of view, manufacturers of bulk thermoelectric device, typically have thermoelectric elements of 1-3mm in length which implies that the size of thermoelectric elements can also be reduced.

The key driving factors responsible for the growth of Thermoelectric Generators Market include long lifetime with low maintenance, sophistication in operations and lowest greenhouse gas emissions. Additionally, the preference of thermoelectric generators for heating as well as cooling applications is contributing to the market growth. However, thermoelectric generators being less efficient compared to traditional heat engines are likely to impede the market growth during the forecast period.

On the basis of source, the global thermoelectric generators market is segmented into waste heat recovery, energy harvesting, direct power generation and co-generation. On the basis of material, the global market is segmented into Bi-Te, and Pb-Te. On the basis of wattage, the global thermoelectric generators industry is segmented into <10W, 10-1kW, >1kW. On the basis of temperature, the global thermoelectric generators market is segmented into <80oC, 80-500oC and >500oC.

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On the basis of geographic segmentation, the global thermoelectric generators market spans North America, Europe, Asia-Pacific, Middle-East & Africa. APAC regions are considered to be a larger market owing to faster adoption of thermoelectric generators market. The growth in industrial clusters in APAC regions is anticipated to boost the market growth during the forecast period.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Thermoelectric Generators in these regions, from 2013 to 2025 (forecast), covering

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

Global Thermoelectric Generators market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • Gentherm
  • II-VI Marlow
  • Ferrotec Holdings Corporation
  • Laird
  • KELK
  • Yamaha Corp
  • Evident Thermoelectric

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • Low Temperature (<80C)
  • Medium Temperature (80-500C)
  • High Temperature (>500C)

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

  • Automotive
  • Aerospace
  • Defense
  • Industrial
  • Consumer
  • Others

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