High competitive advantages of thermoelectric modules over conventional products and increasing applications of thermoelectric modules in varied industries is driving the global thermoelectric modules market, which is anticipated to expand at a CAGR of 9.5% during the forecast period from 2015 to 2023. The overall thermoelectric modules market was valued at US $364.1 Mn in 2014.
Albany, NY -- (SBWIRE) -- 03/04/2016 -- This report aims to provide a comprehensive strategic analysis of the global thermoelectric modules market along with the market revenue and growth forecast for the period from 2013 to 2023. Increasing demand for thermoelectric modules in various industries for cooling, heating, and energy generation majorly drives the global thermoelectric modules market. Thermoelectric modules are semiconductor elements that can instantly cool or warm an object by producing temperature differentials. Thermoelectric modules consists of semiconductor elements that are heavily doped with electrical carriers. These elements are arranged into array that are thermally connected in parallel and electrically connected in series. Demand for thermoelectric modules is primarily owing to their superior features, such as reliable solid state operation, compactness, and capacity for precise temperature control. Moreover, strong demand for thermoelectric modules in energy harvesting is expected to lead to the growth of the thermoelectric modules market. Manufacturers of thermoelectric modules focus on providing technologically advanced products to customers to ensure better work, greater reliability, and increased precision.
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This research study on the global thermoelectric modules market provides a detailed analysis of how different regions across the globe are using thermoelectric modules for precise temperature control and power generation from waste heat. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2015 to 2023. The report includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the thermoelectric modules market. It also provides the competitive landscape of the key players in the thermoelectric modules market in order to highlight the prevalent competition in this market. The report also provides a detailed competitive analysis of the key players in the thermoelectric modules market and identifies various business strategies adopted by these leading players. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the thermoelectric modules market.
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Based on technology, the thermoelectric modules market is segmented into single-stage and multi-stage thermoelectric modules. Based on type, the market is segmented into bulk, micro, and thin film thermoelectric modules. The report also provides information pertaining to different applications of bulk, micro, and thin film thermoelectric modules. On the basis of applications the market for bulk thermoelectric modules is segmented into consumer electronics, telecommunications, medicine and laboratories, automotive, defense and space, industrial applications, and energy harvesting applications. The study also includes various applications of micro thermoelectric modules, such as lasers and LEDs, photodiodes and arrays, detectors and sensors, medicine and laboratories, automotive, and energy harvesting applications. Moreover, based on applications, the market for thin film thermoelectric modules is segmented into consumer electronics, medicine and laboratories, automotive, detectors and sensors, energy harvesting, and other applications. The others segment includes aerospace and defense and industrial applications. The report aims to provide a comprehensive, cross-sectional analysis of the thermoelectric modules market across major geographical segments such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
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The report includes an overview of the market strategies, annual revenues, and the recent developments of the key companies operating in the market. The key market participants profiled in the study include Ferrotec Corporation, Tellurex Corporation, Laird Technologies, Inc., RMT Ltd., Marlow Industries, TE Technology, Inc., KELK Ltd., Thermion Company, Kryotherm, EVERREDtronics Ltd., Micropelt GmbH, Green TEG AG, Hi-Z Technology, Inc., Ferrotec Nord Corporation, Align Sourcing LLC, Alphabet Energy, Inc., Xiamen Hicool Electronics Co., Ltd., Merit Technology Group Co., Ltd., and Z-MAX Co., Ltd. The report provides comprehensive analysis of the thermoelectric modules offered by these leading players. In-depth insights on research and development activities, new product launches, and upcoming technologies are also included in the report.
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