For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Thermoelectric Generator market:
According to our latest research, the global Thermoelectric Generator market looks promising in the next 5 years. As of 2022, the global Thermoelectric Generator market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
A thermoelectric generator (TEG), also called a Seebeck generator, is a solidity state device that converts heat flux (temperature differences) directly into electrical energy through a phenomenon called the Seebeck effect (a form of thermoelectric effect). Thermoelectric generators function like heat engines, but are less bulky and have no moving parts. However, TEGs are typically more expensive and less efficient.
Opportunities
In 2015, the global thermoelectric generator market was estimated at $320 million. A recent study estimates that TEG is expected to reach $720 million by 2021, a growth rate of 14.5%. Today, America has about 40% market share. Due to the high demand from the automotive industry for thermoelectric generators to improve overall fuel efficiency and the growing industrialization, it will continue to be the largest market in the near future.
The market for low-power TEG (ie, peaks of up to 10 watt) is the fastest growing segment of the TEG market, with a growth rate of 6.86% for 2018 low-power TEG. The main applications are sensors, low-power applications and a wider range of global Internet of Things applications. With the continuous development of economy and technology, the market share of low-power TEG will continue to expand.
Thermoelectric generators are gradually attracting the attention of the global automotive industry. Today, North America is the leading thermoelectric generator market. Due to the huge industrialization, increased disposable income, and increased demand for clean energy, it is expected to drive demand for North America thermoelectric generators.
Company Overview:
The top three companies are Kryotherm Company, II-VI Marlow, Inc, Tecteg with the revenue market share of 10.54%, 9.38% and 7.82% in 2018.
Kryotherm Industries develops and manufactures state of the art thermoelectric modules, custom thermoelectric devices, peltier coolers, and assemblies.
Kryotherm was founded in 1992 on the basis of the large research and development institute that designed thermoelectric modules (TEMs) and related subsystems for the needs of the Army and aerospace industry.
II-VI Marlow, a division of II-VI Incorporated, is the world leader in quality thermoelectric technology.
II-VI Marlow develops and manufactures thermoelectric modules and value-added systems for the aerospace, defense, medical, industrial, automotive, power generation and telecommunications markets.
Segmentation Overview:
Among different product types, Medium temperature (120°- 400°C) segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Military and aerospace segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Thermoelectric Generator market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Thermoelectric Generator Market Report:
Market Size Estimates: Thermoelectric Generator market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Thermoelectric Generator market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Thermoelectric Generator market
Segment Market Analysis: Thermoelectric Generator market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Thermoelectric Generator market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Thermoelectric Generator Market: Revenue and sales volume of major countries in each region
Thermoelectric Generator Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Thermoelectric Generator market in major regions.
Thermoelectric Generator Industry Value Chain: Thermoelectric Generator market raw materials & suppliers, manufacturing process, distributors, downstream customers
Thermoelectric Generator Industry News, Policies & Regulations
Key players in the global Thermoelectric Generator market are covered in Chapter 12:
RIF Corporation
European Thermodynamics Ltd.
WATRONIX Inc
Prima Te
Crystal Ltd
TEC Microsystems GmbH
Tegpro Thermoelectric Generator
II-VI Marlow, Inc.
Ecogen Technology
TELGEN
RMT Ltd
Others
Custom Thermoelectric Inc.
S&PF Modul
Ferrotec (USA) Corporation
Termo-Gen AB
Align Sourcing LLC
Hi-Z Technology
Tecteg
Kryotherm Company
In Chapter 2 and Chapter 15.1, based on types, the Thermoelectric Generator market from 2018 to 2028 is primarily split into:
Low Temperature (<120°C)
Medium temperature (120°- 400°C)
High temperature (> 400°C)
In Chapter 3 and Chapter 15.2, based on applications, the Thermoelectric Generator market from 2018 to 2028 covers:
Automotive
Industrial
Sensors
Wearables
Military and aerospace
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Thermoelectric Generator market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028