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Automotive Thermoelectric Generator Market Report by Component, Material, Vehicle Type, Application, and Region 2024-2032

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    Report

  • 145 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947090
Description Jump to:
The global automotive thermoelectric generator market size reached US$ 45.0 Million in 2023. Looking forward, the publisher expects the market to reach US$ 113.5 Million by 2032, exhibiting a growth rate (CAGR) of 10.8% during 2023-2032.

An automotive thermoelectric generator is a device that transforms the waste heat of an internal combustion engine (ICE) into electrical energy using the Seebeck effect. It contains heat exchangers, cooling plates, compression assembly, and thermoelectric materials, such as bismuth telluride (Bi2Te3), lead telluride (PbTe), skutterudite, and magnesium silicide. An automotive thermoelectric generator is widely used to power various systems of the vehicle, such as infotainment, air conditioning, lighting, and small refrigerators. It is a relatively simple system that recycles wasted heat energy, reduces fuel consumption, minimizes operating costs, and supports vehicle electrification. An automotive thermoelectric generator is also eco-friendly and lightweight, requires low maintenance, and doesn't generate noise or vibrations.

Automotive Thermoelectric Generator Market Trends:

The increasing demand for fuel-efficient vehicles is one of the primary factors driving the market growth. An automotive thermoelectric generator is widely used in passenger and commercial vehicles to reduce fuel consumption and improve efficiency. It also replaces the generator load, provides faster warm-up of the engine and transmission, minimizes added mass, and converts selected mechanical functions of the vehicles into electrical parts, such as coolant, oil, and trans fluid pumps. Furthermore, the extensive product utilization due to the rising environmental concerns, as they reduce carbon dioxide (CO2) emissions and minimize the use of refrigerants in cooling systems, is favoring the market growth. Apart from this, the implementation of stringent emission policies by several governments is acting as another growth-inducing factor. Additionally, the recent development of thin film thermoelectric generators for automotive applications that provide enhanced efficiency, scalability, cost-effectiveness, and reduced material wastage is positively influencing the market growth. Other factors, including increasing product adoption in hybrid and electric vehicles (H/EVs), extensive research and development (R&D) activities, rapid electrification of existing vehicles, and rising expenditure capacities of consumers, are anticipated to drive the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automotive thermoelectric generator market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, material, vehicle type and application.

Breakup by Component:

  • Thermoelectric Module
  • Cooling Plates
  • Heat Exchangers
  • Others

Breakup by Material:

  • Magnesium Silicide
  • Bismuth Telluride (Bi2Te3)
  • Lead Telluride (PbTe)
  • Skutterudite

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

Breakup by Application:

  • Waste Heat Recovery
  • Energy Harvesting
  • Direct Power Generation
  • Co-generation

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Coherent Corp., European Thermodynamics Ltd., Ferrotec (USA) Corporation (Ferrotec Holdings Corporation), Laird PLC, SANGO Co. Ltd., Thermonamic Electronics (Jiangxi) Corp. Ltd. and Yamaha Corporation. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. How big is the global automotive thermoelectric generator market?
2. What is the expected growth rate of the global automotive thermoelectric generator market during 2024-2032?
3. What are the key factors driving the global automotive thermoelectric generator market?
4. What has been the impact of COVID-19 on the global automotive thermoelectric generator market?
5. What is the breakup of the global automotive thermoelectric generator market based on the material?
6. What is the breakup of the global automotive thermoelectric generator market based on the vehicle type?
7. What are the key regions in the global automotive thermoelectric generator market?
8. Who are the key players/companies in the global automotive thermoelectric generator market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Thermoelectric Generator Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Thermoelectric Module
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cooling Plates
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Heat Exchangers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Material
7.1 Magnesium Silicide
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Bismuth Telluride (Bi2Te3)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Lead Telluride (PbTe)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Skutterudite
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Vehicle Type
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Waste Heat Recovery
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Energy Harvesting
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Direct Power Generation
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Co-generation
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Coherent Corp.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 European Thermodynamics Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Ferrotec (USA) Corporation (Ferrotec Holdings Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Laird PLC
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 SANGO Co. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Thermonamic Electronics (Jiangxi) Corp. Ltd.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Yamaha Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report
List of Figures
Figure 1: Global: Automotive Thermoelectric Generator Market: Major Drivers and Challenges
Figure 2: Global: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Automotive Thermoelectric Generator Market: Breakup by Component (in %), 2023
Figure 5: Global: Automotive Thermoelectric Generator Market: Breakup by Material (in %), 2023
Figure 6: Global: Automotive Thermoelectric Generator Market: Breakup by Vehicle Type (in %), 2023
Figure 7: Global: Automotive Thermoelectric Generator Market: Breakup by Application (in %), 2023
Figure 8: Global: Automotive Thermoelectric Generator Market: Breakup by Region (in %), 2023
Figure 9: Global: Automotive Thermoelectric Generator (Thermoelectric Module) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Automotive Thermoelectric Generator (Thermoelectric Module) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Automotive Thermoelectric Generator (Cooling Plates) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Automotive Thermoelectric Generator (Cooling Plates) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Automotive Thermoelectric Generator (Heat Exchangers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Automotive Thermoelectric Generator (Heat Exchangers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Automotive Thermoelectric Generator (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Automotive Thermoelectric Generator (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Automotive Thermoelectric Generator (Magnesium Silicide) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Automotive Thermoelectric Generator (Magnesium Silicide) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Automotive Thermoelectric Generator (Bismuth Telluride (Bi2Te3)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Automotive Thermoelectric Generator (Bismuth Telluride (Bi2Te3)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Automotive Thermoelectric Generator (Lead Telluride (PbTe)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Automotive Thermoelectric Generator (Lead Telluride (PbTe)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Automotive Thermoelectric Generator (Skutterudite) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Automotive Thermoelectric Generator (Skutterudite) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Automotive Thermoelectric Generator (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Automotive Thermoelectric Generator (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Automotive Thermoelectric Generator (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Automotive Thermoelectric Generator (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Automotive Thermoelectric Generator (Waste Heat Recovery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Automotive Thermoelectric Generator (Waste Heat Recovery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Automotive Thermoelectric Generator (Energy Harvesting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Automotive Thermoelectric Generator (Energy Harvesting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Automotive Thermoelectric Generator (Direct Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Automotive Thermoelectric Generator (Direct Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Automotive Thermoelectric Generator (Co-generation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Automotive Thermoelectric Generator (Co-generation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: Automotive Thermoelectric Generator Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: Automotive Thermoelectric Generator Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: Automotive Thermoelectric Generator Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Global: Automotive Thermoelectric Generator Industry: SWOT Analysis
Figure 87: Global: Automotive Thermoelectric Generator Industry: Value Chain Analysis
Figure 88: Global: Automotive Thermoelectric Generator Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Thermoelectric Generator Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 4: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 5: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Automotive Thermoelectric Generator Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Automotive Thermoelectric Generator Market: Competitive Structure
Table 8: Global: Automotive Thermoelectric Generator Market: Key Players

Companies Mentioned

  • Coherent Corp.
  • European Thermodynamics Ltd.
  • Ferrotec (USA) Corporation (Ferrotec Holdings Corporation)
  • Laird PLC
  • SANGO Co. Ltd.
  • Thermonamic Electronics (Jiangxi) Corp. Ltd
  • Yamaha Corporation.

Methodology

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Table Information

Report AttributeDetails
No. of Pages145
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 45 Million
Forecasted Market Value ( USD ) by 2032 $ 113.5 Million
Compound Annual Growth Rate10.8%
Regions CoveredGlobal
No. of Companies Mentioned7

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About the Automotive Thermoelectric Generator Market

The Automotive Thermoelectric Generator (ATEG) is a type of automotive part that converts heat energy from the exhaust system into electrical energy. This energy can be used to power various automotive systems, such as air conditioning, navigation, and entertainment systems. ATEGs are typically composed of a thermoelectric module, a heat sink, and a fan. The thermoelectric module is responsible for converting the heat energy into electrical energy, while the heat sink and fan help to dissipate the heat. ATEGs are becoming increasingly popular in the automotive industry due to their ability to reduce fuel consumption and emissions. Several companies are involved in the Automotive Thermoelectric Generator market, including Delphi Technologies, Mahle, and BorgWarner. These companies specialize in the design, development, and production of ATEGs for various automotive applications. Additionally, there are a number of smaller companies that specialize in the production of ATEGs for niche applications. Show Less Read more

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