The thermoelectric generators market is projected to grow from USD 761 Million in 2022 to USD 1,233 Million by 2027, at a CAGR of 10.1% from 2022 to 2027. Growing need for fuel efficiency amidst stringent emission control norms to drive market growth during the forecast period.
Thermoelectric generators (TEG) are used for power generation across automotive, aerospace & defense, industrial, consumer electronics, healthcare, oil & gas mining, and telecommunications industries. The adoption of TEGs in these verticals is increasing, owing to the demand for power sources in remote areas. In the oil & gas industry, gas fuel thermoelectric generators (GTEGs) are used to power condition monitoring sensors as these generators are extremely reliable electric DC power sources. They help monitor material degradation (corrosion), pipeline management, and control of greenhouse gas emissions. Moreover, in mining industry is focusing on applying new technologies and methods to reduce energy consumption and use renewable energy sources. TEGs are used in sensors for deep-down mining activities.
Based on application, directed power generation segment is projected to grow at fastest growth rate during forecast period
Based on application, the thermoelectric generators market is segmented into energy harvesting, waste heat recovery, direct power generation, and co-generation. Among these, directed power generation application segment witness strong growth during 2022-2027. Efficiency in direct power generation is not only limited to thermoelectric generators; it also depends on overall system efficiency. Various factors that affect system efficiency are combustion efficiency, recovery of the exhaust gases, system heat losses, fan power consumption, pump power, and power conditioning losses. Due to this, direct power generation is used in long life and smaller power sources for numerous applications. Increasing demand for thermoelectric generators in the aerospace, mining, and industrial sectors is expected to drive the direct power generation segment during the forecast period.
Based on vertical, Automotive held largest share in base year
Based on vertical, the thermoelectric generators market is segmented into automotive, aerospace & defense, marine, industrial, consumer, healthcare, oil & gas, mining, and telecommunications. Among these, automotive segment held largest share in base year. According to the International Organization of Motor Vehicle Manufacturers (OICA) 2021, vehicle manufacturing increased by 3% between 2020 and 2021. Automobile manufacturers such as Volkswagen, BMW, and Volvo are working with NASA to develop thermoelectric waste heat recovery devices for fuel economy. Similarly, using these generators (with temperature differentials) to power wireless sensors would eliminate battery longevity and reliability difficulties. Such advancements in thermoelectric generators and their applications improve end-user adoption trends.
Europe is anticipated to grow at a higher growth rate during 2022-2027
Europe is anticipated to grow at a higher CAGR during the forecast period. Increasingly stringent regulations related to C02 emissions from vehicles are one of the major factors driving the market for TEGs in Europe. The EU is the world’s largest region that uses renewable energy. According to Eurostat, roughly 26% of the EU’s electricity, 17% of the EU heating and cooling industry, and 6% of EU transport energy are derived from renewable energy sources. Europe invests significantly in total renewable energy, owing to its increasing use in the power sector and the growing demand for renewable electrical energy across various industries. This, in turn, is expected to fuel the demand for thermoelectric generators in the region.
The break-up of the profiles of primary participants in the thermoelectric generators market is as follows:
- By Company Type: Tier 1-35%; Tier 2-45%; and Tier 3-20%
- By Designation: C Level Executives-35%; Directors-25%; and Others-40%
- By Region: Asia Pacific-30%; North America-40%; Europe-20%; and Rest of the World-10%
Major players in the thermoelectric generators market are Coherent Corp. (US), Gentherm Inc. (US), Ferrotec Holdings Corporation (Japan), Laird Thermal Systems, Inc. (UK), and Komatsu Ltd. (Japan). These companies adopted strategies including new product launches, new service launches, contracts, partnerships, agreements, collaborations, and expansions. Also focusing on expanding distribution networks in North America, Europe, Asia Pacific, and Rest of the World in turn driving the demand for thermoelectric generators market.
Research Coverage
This research report categorizes classified the thermoelectric generators market into platform, application, range, technology, product, and region. The thermoelectric generators market has been studied for North America, Europe, Asia Pacific, and Rest of the World.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the thermoelectric generators market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solution; key strategies; contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches associated with the thermoelectric generators market. Competitive analysis of upcoming startups in the thermoelectric generators market ecosystem is covered in this report.
Reasons to Buy this Report
This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall thermoelectric generators market and its segments. This study is also expected to provide application and vertical-wise information, wherein TEG with different power and material is used for different applications and verticals. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on thermoelectric generator system offered by the top players in the market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product and services launches in the thermoelectric generators market.
- Market Development: Comprehensive information about lucrative markets - the report analyzes the thermoelectric generators market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the thermoelectric generators market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the thermoelectric generators market
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Thermoelectric Generators Market Segmentation
1.3.2 Years Considered
1.3.3 Regions Covered
1.4 Inclusions and Exclusions
Table 1 Inclusions and Exclusions
1.5 Currency Considered
Table 2 USD Exchange Rate
1.6 Market Stakeholders
1.7 Limitations
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Research Process Flow
Figure 3 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Key Primary Sources
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Breakdown of Primary Interviews
2.2 Impact of Recession on the Thermoelectric Generators Market
Figure 4 Impact of Recession on Revenue of Key Players
2.3 Factor Analysis
2.3.1 Introduction
2.3.2 Demand-Side Indicators
2.3.3 Supply-Side Indicators
2.4 Research Approach and Methodology
2.4.1 Bottom-Up Approach
2.4.1.1 Market Size Estimation
2.4.1.2 Regional Split of Thermoelectric Generators Market
Figure 5 Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 6 Top-Down Approach
2.5 Data Triangulation and Validation
2.5.1 Triangulation Through Primary and Secondary Research
Figure 7 Data Triangulation
2.6 Research Assumptions
Figure 8 Research Assumptions
2.7 Risk Analysis
3 Executive Summary
Figure 9 Waste Heat Recovery Segment Held Highest Market Share in 2022
Figure 10 Medium-Power Segment to Command Leading Market Position from 2022 to 2027
Figure 11 Bismuth Telluride Segment to Record Highest Growth by 2027
Figure 12 Thermoelectric Module to Register Major Share During Forecast Period
Figure 13 Europe to be the Fastest-Growing Region by 2027
4 Premium Insights
4.1 Attractive Opportunities for Players in Thermoelectric Generators Market
Figure 14 Need for Durable and Maintenance-Free Power Sources
4.2 Thermoelectric Generators Market, by Type
Figure 15 Multi-Stage Segment to Grow Faster During Forecast Period
4.3 Thermoelectric Generators Market, by Vertical
Figure 16 Automotive Segment to Dominate Market by 2027
4.4 Thermoelectric Generators Market, by Temperature
Figure 17 Low Temperature to Record Fastest Growth During Forecast Period
4.5 North America Thermoelectric Generators Market, by Country
Figure 18 US Accounted for Largest Market Share in 2022
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Thermoelectric Generators Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Fuel Efficiency Amid Stringent Emission Control Norms
Figure 20 Carbon Dioxide Emissions, by Region, 2011-2021
5.2.1.2 High Demand from Remote Areas of Developing Countries
5.2.1.3 Durable and Maintenance-Free Power Source
5.2.2 Restraints
5.2.2.1 Low Efficiency of Thermoelectric Generators
5.2.2.2 High Initial Cost and Lack of Skilled Personnel
5.2.3 Opportunities
5.2.3.1 Ongoing Research and Development to Enhance Performance
5.2.3.2 Widescale Adoption of Thermoelectric Generators Across Various Sectors
5.2.4 Challenges
5.2.4.1 Availability of Prominent Substitutes and Structural Complexity
5.3 Value Chain Analysis
Figure 21 Value Chain Analysis
5.4 Trends/Disruptions Impacting Customers’ Businesses
5.4.1 Revenue Shift and New Revenue Pockets for Thermoelectric Generator Manufacturers
Figure 22 Revenue Shift Curve for Thermoelectric Generators Market
5.5 Thermoelectric Generators Market Ecosystem
5.5.1 Prominent Companies
5.5.2 Private and Small Enterprises
5.5.3 Material Suppliers and Distributors
5.5.4 End-users
Figure 23 Thermoelectric Generators Market Ecosystem Map
5.6 Porter's Five Forces Analysis
Table 3 Porter's Five Force Analysis
Figure 24 Porter's Five Forces Analysis
5.6.1 Threat of New Entrants
5.6.2 Threat of Substitutes
5.6.3 Bargaining Power of Suppliers
5.6.4 Bargaining Power of Buyers
5.6.5 Intensity of Competitive Rivalry
5.7 Tariff and Regulatory Landscape
5.8 Trade Data
Table 4 Trade Data for Thermoelectric Generators Market
5.9 Recession Impact Analysis
Figure 25 Scenario Analysis of Thermoelectric Generators Market
5.10 Average Selling Price
Table 5 Average Selling Price of Thermoelectric Generators, by Application
5.11 Key Stakeholders and Buying Criteria
5.11.1 Key Stakeholders in Buying Process
Figure 26 Influence of Stakeholders on Buying Process for Top Three Applications
Table 6 Influence of Stakeholders on Buying Process for Top Three Applications (%)
5.11.2 Buying Criteria
Figure 27 Key Buying Criteria for Top Three Applications
Table 7 Key Buying Criteria for Top Three Applications
5.12 Key Conferences and Events
Table 8 Conferences and Events, 2022-2023
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Automotive Exhaust Thermoelectric Generators
6.2.2 Wearable Thermoelectric Generators
6.2.3 Miniature Thermoelectric Generators
6.2.4 Solar Thermoelectric Generators
6.2.5 Radioisotope Thermoelectric Generators
6.2.6 Thermoelectric Generators in Aerospace
6.2.7 Advancements in Thermoelectric Materials
6.3 Technology Analysis
6.3.1 Flexible Thermoelectric Materials
6.3.2 Self-Healing Wearable Thermoelectric Devices
6.4 Use Cases
6.4.1 Thermoelectric Generators in Space
6.4.2 Thermoelectric Generators in Waste Heat Recovery for Industries and Households
6.4.3 Thermoelectric Generators in Human Body
6.4.4 Thermoelectric Generators in Waste Heat Recovery for Transport Systems
6.5 Impact of Megatrends
6.5.1 Rapid Urbanization and Advancements
6.5.2 Fuel Efficiency
6.6 Innovations and Patent Registrations
Table 9 Innovations and Patent Registrations, 2016-2022
6.7 Thermoelectric Coolers
6.7.1 Use of Thermoelectric Coolers Across Verticals
7 Thermoelectric Generators Market, by Application
7.1 Introduction
Figure 28 Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 10 Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 11 Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
7.2 Waste Heat Recovery
7.2.1 High Demand from Industrial and Automotive Sectors
7.3 Energy Harvesting
7.3.1 Use of Thermoelectric Generators in Consumer and Healthcare Wearables
7.4 Direct Power Generation
7.4.1 Need in Aerospace, Mining, and Industrial Sectors
7.5 Co-Generation
7.5.1 Advancements in Industrial Co-Generation Systems
8 Thermoelectric Generators Market, by Vertical
8.1 Introduction
Figure 29 Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 12 Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 13 Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
8.2 Automotive
Table 14 Automotive: Thermoelectric Generators Market, by Vehicle Type, 2019-2021 (USD Million)
Table 15 Automotive: Thermoelectric Generators Market, by Vehicle Type, 2022-2027 (USD Million)
8.2.1 Ic-Powered Vehicles
8.2.1.1 Increased Consumer Demand for Fuel Efficiency
8.2.2 Electric Vehicles
8.2.2.1 Need for Auxiliary Power Sources
8.3 Aerospace & Defense
Table 16 Aerospace & Defense: Thermoelectric Generators Market, by End Use, 2019-2021 (USD Million)
Table 17 Aerospace & Defense: Thermoelectric Generators Market, by End Use, 2022-2027 (USD Million)
8.3.1 Aviation
8.3.1.1 Increased Use of Wireless Sensor Networks in Aircraft
Table 18 Aviation: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 19 Aviation: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
8.3.1.2 Civil Aircraft
8.3.1.3 Military Aircraft
8.3.1.4 Unmanned Aerial Vehicles
8.3.2 Defense
Table 20 Defense: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 21 Defense: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
8.3.2.1 Military Vehicles
8.3.2.2 Power Generators
8.3.2.3 Soldier Systems
8.4 Marine
Table 22 Marine: Thermoelectric Generators Market, by Vessel Type, 2019-2021 (USD Million)
Table 23 Marine: Thermoelectric Generators Market, by Vessel Type, 2022-2027 (USD Million)
8.4.1 Military Ships
8.4.1.1 Need for Waste Heat Energy Recovery to Power Sensors and Electronics Control on Ships
8.4.2 Commercial Ships
8.4.2.1 Growing Concerns Regarding Maritime Carbon Emission
8.5 Industrial
Table 24 Industrial: Thermoelectric Generators Market, by Type, 2019-2021 (USD Million)
Table 25 Industrial: Thermoelectric Generators Market, by Type, 2022-2027 (USD Million)
8.5.1 Chemical Processing
8.5.1.1 Used in Direct-Fired Reboilers and Reactors
8.5.2 Aluminum & Steel Foundry
8.5.2.1 Used in Smelters & Blast Furnaces
8.5.3 Glass & Metal Casting Foundry
8.5.3.1 Used in Industrial Waste Heat Recovery
8.6 Consumer
Table 26 Consumer: Thermoelectric Generators Market, by End Use, 2019-2021 (USD Million)
Table 27 Consumer: Thermoelectric Generators Market, by End Use, 2022-2027 (USD Million)
8.6.1 Wearables
8.6.1.1 Increasing Demand for Heart Monitoring Devices
8.6.2 Consumer Electronics
8.6.2.1 Rising Use of Energy-Harvesting Electronics
8.7 Healthcare
Table 28 Healthcare: Thermoelectric Generators Market, by Device Type, 2019-2021 (USD Million)
Table 29 Healthcare: Thermoelectric Generators Market, by Device Type, 2022-2027 (USD Million)
8.7.1 Implantable
8.7.1.1 Increased Adoption of Tegs in Medical Devices to Harvest Ambient Heat
8.7.2 Wearables
8.7.2.1 Growing Trend of Wearable Medical Devices
8.8 Oil & Gas
8.9 Mining
8.10 Telecommunications
Table 30 Telecommunications: Thermoelectric Generators Market, by Application Type, 2019-2021 (USD Million)
Table 31 Telecommunications: Thermoelectric Generators Market, by Application Type, 2022-2027 (USD Million)
8.10.1 Data Centers
8.10.1.1 Conversion of Surplus Heat into Electricity
8.10.2 Communication Towers
8.10.2.1 Increased Signal Strength to Provide 5G Services
9 Thermoelectric Generators Market, by Type
9.1 Introduction
Figure 30 Thermoelectric Generators Market, by Type, 2022-2027 (USD Million)
Table 32 Thermoelectric Generators Market, by Type, 2019-2021 (USD Million)
Table 33 Thermoelectric Generators Market, by Type, 2022-2027 (USD Million)
9.2 Single-Stage
9.2.1 Used in Low-Temperature Applications
9.3 Multi-Stage
9.3.1 Used in High-Temperature Applications
10 Thermoelectric Generators Market, by Temperature
10.1 Introduction
Figure 31 Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
Table 34 Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 35 Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
10.2 Low-Temperature (<80°C)
10.2.1 Increased Use of Wearables in Commercial and Healthcare Applications
10.3 Medium-Temperature (80-500°C)
10.3.1 Rising Awareness of Fuel Efficiency and Reduction of Carbon Emissions
10.4 High-Temperature (>500°C)
10.4.1 Significance of Industrial Waste Heat
11 Thermoelectric Generators Market, by Wattage
11.1 Introduction
Figure 32 Thermoelectric Generators Market, by Wattage, 2022-2027 (USD Million)
Table 36 Thermoelectric Generators Market, by Wattage, 2019-2021 (USD Million)
Table 37 Thermoelectric Generators Market, by Wattage, 2022-2027 (USD Million)
11.2 Low-Power (<10 W)
11.2.1 Used in Consumer and Healthcare Applications
11.3 Medium-Power (10-1 kW)
11.3.1 Need for Automotive Waste Heat Recovery
11.4 High-Power (>1 kW)
11.4.1 High Power Demand from Industrial and Oil & Gas Sectors
12 Thermoelectric Generators Market, by Material
12.1 Introduction
Figure 33 Thermoelectric Generators Market, by Material, 2022-2027 (USD Million)
Table 38 Thermoelectric Generators Market, by Material, 2019-2021 (USD Million)
Table 39 Thermoelectric Generators Market, by Material, 2022-2027 (USD Million)
12.2 Bismuth Telluride
12.2.1 Used in Thermoelectric Devices and Modules for Waste Heat Recovery
12.3 Lead Telluride
12.3.1 Reasonable Price and High Figure of Merit Zt
12.4 Other Materials
13 Thermoelectric Generators Market, by Component
13.1 Introduction
Figure 34 Thermoelectric Generators Market, by Component, 2022-2027 (USD Million)
Table 40 Thermoelectric Generators Market, by Component, 2019-2021 (USD Million)
Table 41 Thermoelectric Generators Market, by Component, 2022-2027 (USD Million)
13.2 Heat Source
13.2.1 Increasing Trend of Vehicle Electrification
13.3 Thermoelectric Module
13.3.1 Use of Efficient Materials for Manufacturing Thermoelectric Modules
13.4 Cold Side
13.4.1 Enhanced Electricity Conversion Capacity
13.5 Electric Load
13.5.1 Growing Demand for Efficient Electric Load Devices
14 Thermoelectric Generators Market, by Region
14.1 Introduction
Figure 35 Thermoelectric Generators Market, by Region, 2022-2027
14.2 Recession Impact Analysis
Table 42 Recession Impact Analysis
14.3 North America
14.3.1 PESTLE Analysis: North America
Figure 36 North America: Thermoelectric Generators Market Snapshot
Table 43 North America: Thermoelectric Generators Market, by Country, 2019-2021 (USD Million)
Table 44 North America: Thermoelectric Generators Market, by Country, 2022-2027 (USD Million)
Table 45 North America: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 46 North America: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 47 North America: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 48 North America: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 49 North America: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 50 North America: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
Table 51 North America: Thermoelectric Generators Market, by Wattage, 2019-2021 (USD Million)
Table 52 North America: Thermoelectric Generators Market, by Wattage, 2022-2027 (USD Million)
Table 53 North America: Thermoelectric Generators Market, by Material, 2019-2021 (USD Million)
Table 54 North America: Thermoelectric Generators Market, by Material, 2022-2027 (USD Million)
14.3.2 US
14.3.2.1 Use of Thermoelectric Generators in Space Applications
Table 55 US: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 56 US: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 57 US: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 58 US: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 59 US: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 60 US: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.3.3 Canada
14.3.3.1 High Demand from Industrial Sector
Table 61 Canada: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 62 Canada: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 63 Canada: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 64 Canada: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 65 Canada: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 66 Canada: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4 Europe
14.4.1 PESTLE Analysis: Europe
Figure 37 Europe: Thermoelectric Generators Market Snapshot
Table 67 Europe: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 68 Europe: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 69 Europe: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 70 Europe: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 71 Europe: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 72 Europe: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
Table 73 Europe: Thermoelectric Generators Market, by Wattage, 2019-2021 (USD Million)
Table 74 Europe: Thermoelectric Generators Market, by Wattage, 2022-2027 (USD Million)
Table 75 Europe: Thermoelectric Generators Market, by Material, 2019-2021 (USD Million)
Table 76 Europe: Thermoelectric Generators Market, by Material, 2022-2027 (USD Million)
Table 77 Europe: Thermoelectric Generators Market, by Country, 2019-2021 (USD Million)
Table 78 Europe: Thermoelectric Generators Market, by Country, 2022-2027 (USD Million)
14.4.2 UK
14.4.2.1 Large-Scale Use of Renewable Sources of Energy
Table 79 UK: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 80 UK: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 81 UK: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 82 UK: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 83 UK: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 84 UK: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.3 Germany
14.4.3.1 Used for Converting Solar Radiation into Electricity
Table 85 Germany: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 86 Germany: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 87 Germany: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 88 Germany: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 89 Germany: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 90 Germany: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.4 France
14.4.4.1 Used in Automotive Applications
Table 91 France: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 92 France: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 93 France: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 94 France: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 95 France: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 96 France: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.5 Italy
14.4.5.1 Use of Variable Renewable Energy Generators in Power Plants
Table 97 Italy: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 98 Italy: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 99 Italy: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 100 Italy: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 101 Italy: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 102 Italy: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.6 Spain
14.4.6.1 Increase in Solar-Powered Projects
Table 103 Spain: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 104 Spain: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 105 Spain: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 106 Spain: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 107 Spain: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 108 Spain: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.7 Sweden
14.4.7.1 Deployment in Automotive and Manufacturing Sectors
Table 109 Sweden: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 110 Sweden: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 111 Sweden: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 112 Sweden: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 113 Sweden: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 114 Sweden: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.8 Russia
14.4.8.1 High Domestic Demand for Military Aircraft
Table 115 Russia: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 116 Russia: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 117 Russia: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 118 Russia: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 119 Russia: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 120 Russia: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.4.9 Rest of Europe
14.4.9.1 Stringent Emission Norms
Table 121 Rest of Europe: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 122 Rest of Europe: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 123 Rest of Europe: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 124 Rest of Europe: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 125 Rest of Europe: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 126 Rest of Europe: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.5 Asia-Pacific
14.5.1 PESTLE Analysis: Asia-Pacific
Figure 38 Asia-Pacific: Thermoelectric Generators Market Snapshot
Table 127 Asia-Pacific: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 128 Asia-Pacific: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 129 Asia-Pacific: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 130 Asia-Pacific: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 131 Asia-Pacific: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 132 Asia-Pacific: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
Table 133 Asia-Pacific: Thermoelectric Generators Market, by Wattage, 2019-2021 (USD Million)
Table 134 Asia-Pacific: Thermoelectric Generators Market, by Wattage, 2022-2027 (USD Million)
Table 135 Asia-Pacific: Thermoelectric Generators Market, by Material, 2019-2021 (USD Million)
Table 136 Asia-Pacific: Thermoelectric Generators Market, by Material, 2022-2027 (USD Million)
Table 137 Asia-Pacific: Thermoelectric Generators Market, by Country, 2019-2021 (USD Million)
Table 138 Asia-Pacific: Thermoelectric Generators Market, by Country, 2022-2027 (USD Million)
14.5.2 China
14.5.2.1 Industrialization and Demand for Hybrid Vehicles
Table 139 China: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 140 China: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 141 China: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 142 China: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 143 China: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 144 China: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.5.3 India
14.5.3.1 Development of Environment-Friendly Energy Solutions to Control Pollution
Table 145 India: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 146 India: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 147 India: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 148 India: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 149 India: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 150 India: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.5.4 Japan
14.5.4.1 Demand for New-Age Electric Vehicles
Table 151 Japan: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 152 Japan: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 153 Japan: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 154 Japan: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 155 Japan: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 156 Japan: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.5.5 Australia
14.5.5.1 Increased Investment in Renewable Energy Generation
Table 157 Australia: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 158 Australia: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 159 Australia: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 160 Australia: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 161 Australia: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 162 Australia: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.5.6 South Korea
14.5.6.1 Rise in Teg Technology-Related R&D Projects
Table 163 South Korea: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 164 South Korea: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 165 South Korea: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 166 South Korea: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 167 South Korea: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 168 South Korea: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.5.7 Rest of Asia-Pacific
Table 169 Rest of Asia-Pacific: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 170 Rest of Asia-Pacific: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 171 Rest of Asia-Pacific: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 172 Rest of Asia-Pacific: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 173 Rest of Asia-Pacific: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 174 Rest of Asia-Pacific: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.6 Rest of the World
14.6.1 PESTLE Analysis: Rest of the World
Table 175 Rest of the World: Thermoelectric Generators Market, by Region, 2019-2021 (USD Million)
Table 176 Rest of the World: Thermoelectric Generators Market, by Region, 2022-2027 (USD Million)
Table 177 Rest of the World: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 178 Rest of the World: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 179 Rest of the World: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 180 Rest of the World: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 181 Rest of the World: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 182 Rest of the World: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
Table 183 Rest of the World: Thermoelectric Generators Market, by Wattage, 2019-2021 (USD Million)
Table 184 Rest of the World: Thermoelectric Generators Market, by Wattage, 2022-2027 (USD Million)
Table 185 Rest of the World: Thermoelectric Generators Market, by Material, 2019-2021 (USD Million)
Table 186 Rest of the World: Thermoelectric Generators Market, by Material, 2022-2027 (USD Million)
14.6.2 Latin America
14.6.2.1 Use of Thermoelectric Generators in Manufacturing and Energy Industries
Table 187 Latin America: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 188 Latin America: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 189 Latin America: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 190 Latin America: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 191 Latin America: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 192 Latin America: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.6.3 Middle East
14.6.3.1 Demand from Oil & Gas Industry
Table 193 Middle East: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 194 Middle East: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 195 Middle East: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 196 Middle East: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 197 Middle East: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 198 Middle East: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
14.6.4 Africa
14.6.4.1 Adoption of Advanced Technologies for Waste Heat Recovery and Power Generation
Table 199 Africa: Thermoelectric Generators Market, by Vertical, 2019-2021 (USD Million)
Table 200 Africa: Thermoelectric Generators Market, by Vertical, 2022-2027 (USD Million)
Table 201 Africa: Thermoelectric Generators Market, by Application, 2019-2021 (USD Million)
Table 202 Africa: Thermoelectric Generators Market, by Application, 2022-2027 (USD Million)
Table 203 Africa: Thermoelectric Generators Market, by Temperature, 2019-2021 (USD Million)
Table 204 Africa: Thermoelectric Generators Market, by Temperature, 2022-2027 (USD Million)
15 Competitive Landscape
15.1 Introduction
15.2 Company Overview
Table 205 Key Developments by Leading Players in Thermoelectric Generators Market
15.3 Rank Analysis, 2021
Figure 39 Market Ranking of Key Players, 2021
15.4 Revenue Analysis, 2018-2021
Figure 40 Revenue Analysis of Key Players, 2018-2021
15.5 Market Share Analysis, 2021
Figure 41 Market Share Analysis of Key Players, 2021
Table 206 Thermoelectric Generators Market: Degree of Competition
15.6 Competitive Evaluation Quadrant
15.6.1 Stars
15.6.2 Emerging Leaders
15.6.3 Pervasive Players
15.6.4 Participants
Figure 42 Market Competitive Leadership Mapping, 2021
15.7 Startup/SME Evaluation Quadrant
15.7.1 Progressive Companies
15.7.2 Responsive Companies
15.7.3 Dynamic Companies
15.7.4 Starting Blocks
Figure 43 Startup/SME Competitive Leadership Mapping, 2021
15.8 Competitive Benchmarking
Table 207 Company Footprint
Table 208 Company Revenue/Product Footprint
Table 209 Company Application Footprint
Table 210 Company Regional Footprint
15.9 Competitive Scenario
15.9.1 Market Evaluation Framework
15.9.2 Product Launches
Table 211 Product Launches, 2018-2022
15.9.3 Deals
Table 212 Deals, 2020-2022
15.9.4 Others
Table 213 Others, 2020-2022
16 Company Profiles
Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats)
16.1 Introduction
16.2 Key Players
16.2.1 Gentherm Inc.
Table 214 Gentherm Inc.: Business Overview
Figure 44 Gentherm Inc.: Company Snapshot
Table 215 Gentherm Inc.: Product/Solutions/Services Offered
Table 216 Gentherm Inc.: Product Launches
Table 217 Gentherm Inc.: Others
16.2.2 Coherent Corp.
Table 218 Coherent Corp.: Business Overview
Figure 45 Coherent Corp.: Company Snapshot
Table 219 Coherent Corp.: Product/Solutions/Services Offered
Table 220 Coherent Corp.: Product Launches
Table 221 Coherent Corp.: Others
16.2.3 Ferrotec Holdings Corporation
Table 222 Ferrotec Holdings Corporation: Business Overview
Figure 46 Ferrotec Holdings Corporation: Company Snapshot
Table 223 Ferrotec Holdings Corporation: Product/Solutions/Services Offered
Table 224 Ferrotec Holdings Corporation: Product Launches
Table 225 Ferrotec Holdings Corporation: Others
16.2.4 Laird Thermal Systems, Inc.
Table 226 Laird Thermal Systems, Inc.: Business Overview
Table 227 Laird Thermal Systems, Inc.: Product/Solutions/Services Offered
Table 228 Laird Thermal Systems, Inc.: Product Launches
16.2.5 Tecteg Mfr.
Table 229 Tecteg Mfr.: Business Overview
Table 230 Tecteg Mfr.: Product/Solutions/Services Offered
Table 231 Tecteg Mfr.: Product Launches
16.2.6 Komatsu Ltd.
Table 232 Komatsu Ltd.: Business Overview
Figure 47 Komatsu Ltd.: Company Snapshot
Table 233 Komatsu Ltd.: Product/Solutions/Services Offered
Table 234 Komatsu Ltd.: Product Launches
16.2.7 Yamaha Corporation
Table 235 Yamaha Corporation: Business Overview
Figure 48 Yamaha Corporation: Company Snapshot
Table 236 Yamaha Corporation: Product/Solutions/Services Offered
Table 237 Yamaha Corporation: Product Launches
Table 238 Yamaha Corporation: Deals
16.2.8 Toshiba Corporation
Table 239 Toshiba Corporation: Business Overview
Figure 49 Toshiba Corporation: Company Snapshot
Table 240 Toshiba Corporation: Product/Solutions/Services Offered
16.2.9 Mahle GmbH
Table 241 Mahle GmbH: Business Overview
Figure 50 Mahle GmbH: Company Snapshot
Table 242 Mahle GmbH: Product/Solutions/Services Offered
16.2.10 Murata Manufacturing Co. Ltd.
Table 243 Murata Manufacturing Co. Ltd.: Business Overview
Figure 51 Murata Manufacturing Co. Ltd.: Company Snapshot
Table 244 Murata Manufacturing Co. Ltd.: Product/Solutions/Services Offered
16.2.11 Cui Devices
Table 245 Cui Devices: Business Overview
Table 246 Cui Devices: Product/Solutions/Services Offered
Table 247 Cui Devices: Product Launches
16.2.12 Analog Devices, Inc.
Table 248 Analog Devices, Inc.: Business Overview
Figure 52 Analog Devices, Inc.: Company Snapshot
Table 249 Analog Devices, Inc.: Product/Solutions/Services Offered
16.2.13 Faurecia SE
Table 250 Faurecia SE: Business Overview
Figure 53 Faurecia SE: Company Snapshot
Table 251 Faurecia SE: Product/Solutions/Services Offered
16.2.14 Kyocera Corporation
Table 252 Kyocera Corporation: Business Overview
Figure 54 Kyocera Corporation: Company Snapshot
Table 253 Kyocera Corporation: Product/Solutions/Services Offered
Table 254 Kyocera Corporation: Product Launches
Table 255 Kyocera Corporation: Others
16.2.15 Tec Microsystems GmbH
Table 256 Tec Microsystems GmbH: Business Overview
Table 257 Tec Microsystems GmbH: Product/Solutions/Services Offered
Table 258 Tec Microsystems GmbH: Product Launches
16.2.16 Rif Corporation
Table 259 Rif Corporation: Business Overview
Table 260 Rif Corporation: Product/Solutions/Services Offered
16.2.17 Phononic, Inc.
Table 261 Phononic, Inc.: Business Overview
Table 262 Phononic, Inc.: Product/Solutions/Services Offered
Table 263 Phononic, Inc.: Deals
16.2.18 Rmt Ltd.
Table 264 Rmt Ltd.: Business Overview
Table 265 Rmt Ltd.: Product/Solutions/Services Offered
Table 266 Rmt Ltd.: Product Launches
16.2.19 Kryotherm
Table 267 Kryotherm: Business Overview
Table 268 Kryotherm: Product/Solutions/Services Offered
Table 269 Kryotherm: Product Launches
16.2.20 Everredtronics Ltd.
Table 270 Everredtronics Ltd.: Business Overview
Table 271 Everredtronics Ltd.: Product/Solutions/Services Offered
16.2.21 Hi-Z Technology
Table 272 Hi-Z Technology: Business Overview
Table 273 Hi-Z Technology: Product/Solutions/Services Offered
16.2.22 Perpetua Power Source Technologies, Inc.
Table 274 Perpetua Power Source Technologies, Inc.: Business Overview
Table 275 Perpetua Power Source Technologies, Inc.: Product/Solutions/ Services Offered
16.2.23 Align Sourcing LLC
Table 276 Align Sourcing LLC: Business Overview
Table 277 Align Sourcing LLC: Product/Solutions/Services Offered
16.2.24 Teledyne Energy Systems, Inc.
Table 278 Teledyne Energy Systems, Inc.: Business Overview
Figure 55 Teledyne Energy Systems, Inc.: Company Snapshot
Table 279 Teledyne Energy Systems, Inc.: Product/Solutions/Services Offered
Table 280 Teledyne Energy Systems, Inc.: Deals
Table 281 Teledyne Energy Systems, Inc.: Others
16.3 Other Players
16.3.1 P&N Technology (Xiamen) Co. Ltd.
Table 282 P&N Technology (Xiamen) Co. Ltd.: Company Overview
16.3.2 Te Technology, Inc.
Table 283 Te Technology, Inc.: Company Overview
16.3.3 Brimrose Corporation
Table 284 Brimrose Corporation: Company Overview
16.3.4 Bentek Systems
Table 285 Bentek Systems: Company Overview
16.3.5 Wellen Technology Co. Ltd.
Table 286 Wellen Technology Co. Ltd.: Company Overview
16.3.6 Rgs Development Bv
Table 287 Rgs Development: Company Overview
16.3.7 Pl Engineering Ltd.
Table 288 Pl Engineering Ltd.: Company Overview
16.3.8 Micropelt
Table 289 Micropelt: Company Overview
16.3.9 Sheetak
Table 290 Sheetak: Company Overview
16.3.10 Greenteg AG
Table 291 Greenteg AG: Company Overview
Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
17 Appendix
17.1 Discussion Guide
17.2 Knowledgestore: The Subscription Portal
17.3 Customization Options
Companies Mentioned
- Align Sourcing LLC
- Analog Devices, Inc.
- Bentek Systems
- Brimrose Corporation
- Coherent Corp.
- Cui Devices
- Everredtronics Ltd.
- Faurecia SE
- Ferrotec Holdings Corporation
- Gentherm Inc.
- Greenteg AG
- Hi-Z Technology
- Komatsu Ltd.
- Kryotherm
- Kyocera Corporation
- Laird Thermal Systems, Inc.
- Mahle GmbH
- Micropelt
- Murata Manufacturing Co. Ltd.
- P&N Technology (Xiamen) Co. Ltd.
- Perpetua Power Source Technologies, Inc.
- Phononic, Inc.
- Pl Engineering Ltd.
- Rgs Development Bv
- Rif Corporation
- Rmt Ltd.
- Sheetak
- Te Technology, Inc.
- Tec Microsystems GmbH
- Tecteg Mfr.
- Teledyne Energy Systems, Inc.
- Toshiba Corporation
- Wellen Technology Co. Ltd.
- Yamaha Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | March 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 761 Million |
| Forecasted Market Value ( USD | $ 1233 Million |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 34 |
