Thermoelectric Generator Global Market Information by Source, by Material (Bi-Te, Pb-Te, and Others), by Power (<10 W, 10- 1kW, and >1kW), by Temperature ,by End User, by Region - Forecast to 2022

Pune, India -- (SBWire) -- 07/27/2018 --Market Highlights:-

Thermoelectric generators have been used consistently for more than 30 years with no maintenance operation in space analysis such as in the voyager missions of NASA. NASA in collaboration with the Department of Energy has been developing a new power system that could be used in various space missions. The new radioisotope thermoelectric generator (RTG), which is called a Multi-Mission RTG (MMRTG), is being designed for operating in various planetary bodies such as Mars, as well as in vacuum space. Thus, with further technology advancements, thermoelectric generators are expected to see rise in demand in the long run.

However, in large applications, thermoelectric generators have less efficiency than the traditional heat engines, which may hamper the market growth potential. Currently, they are highly preferred in small applications due to their cost effective, simple, compact as well as scalable nature. Thermoelectric phenomenon, on which these generators work, is extensively used for heating as well as cooling applications too. In recent years thermoelectric generators have also been used in various new applications of energy generation by thermoelectric harvesting. The new applications are varied which include industrial and terrestrial applications.

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Industry Top Key Players:-

Gentherm, Inc., II-VI Incorporated, Ferrotec Corporation, Laird PLC, Komatsu Limited, Yamaha Corporation, Evident Thermoelectrics, Tecteg, Alphabet Energy, and Tellurex Corporation are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global thermoelectric generator market.

Industry News:-

In December, 2017 – Global technology leader Laird (LRD: London) developed a thermoelectric module (TEM) that accommodates a laser diode butterfly package. Primarily used to stabilize the temperature of sensitive optical components in telecom and photonics industries

In November, 2017 – Gentherm (NASDAQ-GS:THRM), the global market leader and developer of innovative thermal management technologies, announced that it has acquired Etratech Enterprises, Inc. for approximately USD 64 million in an all cash transaction. Etratech, based in Burlington, Canada, specializes in the design, development, and manufacturing of advanced electronic controls and control systems for the Automotive, RV and Marine, Security, Medical and other industries.

Thermoelectric Generator Global Market – Segmentation

The scope of global thermoelectric generator market is segmented into four major segments which are explained below:

By Source - Waste Heat Recovery, Energy Harvesting, Direct Power Generation and Co-generation

By Material- Bi-Te, Pb-Te and Others

By Power - <10 W, 10- 1 kW and >1kW

By Temperature- <100°C, 100-500°C and >500°C

By End-User- Automotive, Aerospace & Defence, Industrial, Consumer and Others

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Regional Analysis of Global Thermoelectric generator Market:-

North American region held the largest share of the global thermoelectric generator, followed by the Asia-Pacific. Asia-Pacific is expected to grow at highest CAGR for the thermoelectric generator market. Increased demand of thermoelectric generators by automotive industries to increase the fuel efficiency and increased industrialization in the region is expected to drive the thermoelectric generator market.

Major Points of Table Of Contents:-

1. REPORT PROLOGUE

2. INTRODUCTION

3. RESEARCH METHODOLOGY

4. MARKET DYNAMICS

4.1. DRIVERS & OPPORTUNITIES

4.2. CHALLENGES & RESTRAINTS

4.3. VALUE CHAIN ANALYSIS

4.4. PORTER'S FIVE FORCES ANALYSIS

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5. THERMOELECTRIC GENERATOR MARKET, BY SOURCE

5.1. INTRODUCTION

5.2. WASTE HEAT RECOVERY

5.3. ENERGY HARVESTING

5.4. DIRECT POWER GENERATION

5.5. CO-GENERATION

Continued.....